SPRX vs. SPY
Compare and contrast key facts about Spear Alpha ETF (SPRX) and SPDR S&P 500 ETF (SPY).
SPRX and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPRX is an actively managed fund by Spear. It was launched on Aug 3, 2021. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPRX or SPY.
Correlation
The correlation between SPRX and SPY is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SPRX vs. SPY - Performance Comparison
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Key characteristics
SPRX:
18.99%
SPY:
20.02%
SPRX:
-0.71%
SPY:
-55.19%
SPRX:
0.00%
SPY:
-7.65%
Returns By Period
SPRX
N/A
N/A
N/A
N/A
N/A
N/A
SPY
-3.42%
5.69%
-5.06%
9.73%
16.26%
12.24%
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SPRX vs. SPY - Expense Ratio Comparison
SPRX has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SPRX vs. SPY — Risk-Adjusted Performance Rank
SPRX
SPY
SPRX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Spear Alpha ETF (SPRX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
SPRX vs. SPY - Dividend Comparison
SPRX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.27%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPRX Spear Alpha ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SPRX vs. SPY - Drawdown Comparison
The maximum SPRX drawdown since its inception was -0.71%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPRX and SPY. For additional features, visit the drawdowns tool.
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Volatility
SPRX vs. SPY - Volatility Comparison
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