SPRX vs. VOO
Compare and contrast key facts about Spear Alpha ETF (SPRX) and Vanguard S&P 500 ETF (VOO).
SPRX and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPRX or VOO.
Performance
SPRX vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, SPRX achieves a 17.46% return, which is significantly lower than VOO's 26.58% return.
SPRX
17.46%
11.28%
13.53%
42.22%
N/A
N/A
VOO
26.58%
3.05%
13.23%
32.77%
15.74%
13.22%
Key characteristics
| SPRX | VOO | |
|---|---|---|
| Sharpe Ratio | 1.44 | 2.69 |
| Sortino Ratio | 1.94 | 3.59 |
| Omega Ratio | 1.26 | 1.50 |
| Calmar Ratio | 1.78 | 3.88 |
| Martin Ratio | 4.39 | 17.58 |
| Ulcer Index | 9.63% | 1.86% |
| Daily Std Dev | 29.31% | 12.19% |
| Max Drawdown | -51.22% | -33.99% |
| Current Drawdown | 0.00% | -0.53% |
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SPRX vs. VOO - Expense Ratio Comparison
SPRX has a 0.75% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between SPRX and VOO is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SPRX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Spear Alpha ETF (SPRX) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
SPRX vs. VOO - Dividend Comparison
SPRX has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.24%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPRX Spear Alpha ETF | 0.00% | 0.00% | 0.00% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
SPRX vs. VOO - Drawdown Comparison
The maximum SPRX drawdown since its inception was -51.22%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SPRX and VOO. For additional features, visit the drawdowns tool.
Volatility
SPRX vs. VOO - Volatility Comparison
Spear Alpha ETF (SPRX) has a higher volatility of 9.33% compared to Vanguard S&P 500 ETF (VOO) at 3.99%. This indicates that SPRX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.