SPRX vs. VOX
Compare and contrast key facts about Spear Alpha ETF (SPRX) and Vanguard Communication Services ETF (VOX).
SPRX and VOX 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. VOX is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Telecommunication Services 25/50 Index. It was launched on Sep 23, 2004.
Performance
SPRX vs. VOX - Performance Comparison
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SPRX vs. VOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPRX Spear Alpha ETF | -7.54% | 41.91% | 20.58% | 88.02% | -44.99% | 8.91% |
VOX Vanguard Communication Services ETF | -6.90% | 26.27% | 33.12% | 44.81% | -38.85% | -5.12% |
Returns By Period
In the year-to-date period, SPRX achieves a -7.54% return, which is significantly lower than VOX's -6.90% return.
SPRX
- 1D
- 7.41%
- 1M
- -8.64%
- YTD
- -7.54%
- 6M
- -7.61%
- 1Y
- 79.51%
- 3Y*
- 33.34%
- 5Y*
- —
- 10Y*
- —
VOX
- 1D
- 3.50%
- 1M
- -6.17%
- YTD
- -6.90%
- 6M
- -3.66%
- 1Y
- 22.45%
- 3Y*
- 24.33%
- 5Y*
- 7.40%
- 10Y*
- 8.41%
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SPRX vs. VOX - Expense Ratio Comparison
SPRX has a 0.75% expense ratio, which is higher than VOX's 0.10% expense ratio.
Return for Risk
SPRX vs. VOX — Risk / Return Rank
SPRX
VOX
SPRX vs. VOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spear Alpha ETF (SPRX) and Vanguard Communication Services ETF (VOX). 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.
| SPRX | VOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 1.11 | +0.57 |
Sortino ratioReturn per unit of downside risk | 2.23 | 1.72 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 3.15 | 1.67 | +1.48 |
Martin ratioReturn relative to average drawdown | 10.00 | 6.24 | +3.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPRX | VOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.11 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.35 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.42 | -0.10 |
Correlation
The correlation between SPRX and VOX is 0.70, 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.
Dividends
SPRX vs. VOX - Dividend Comparison
SPRX has not paid dividends to shareholders, while VOX's dividend yield for the trailing twelve months is around 1.05%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPRX Spear Alpha ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOX Vanguard Communication Services ETF | 1.05% | 0.95% | 1.05% | 1.03% | 0.88% | 0.93% | 0.73% | 0.90% | 2.77% | 3.83% | 2.67% | 3.55% |
Drawdowns
SPRX vs. VOX - Drawdown Comparison
The maximum SPRX drawdown since its inception was -51.21%, smaller than the maximum VOX drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for SPRX and VOX.
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Drawdown Indicators
| SPRX | VOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.21% | -57.18% | +5.97% |
Max Drawdown (1Y)Largest decline over 1 year | -24.21% | -13.56% | -10.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.76% | — |
Current DrawdownCurrent decline from peak | -18.60% | -10.03% | -8.57% |
Average DrawdownAverage peak-to-trough decline | -18.18% | -11.99% | -6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.63% | 3.64% | +3.99% |
Volatility
SPRX vs. VOX - Volatility Comparison
Spear Alpha ETF (SPRX) has a higher volatility of 18.19% compared to Vanguard Communication Services ETF (VOX) at 6.40%. This indicates that SPRX's price experiences larger fluctuations and is considered to be riskier than VOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPRX | VOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.19% | 6.40% | +11.79% |
Volatility (6M)Calculated over the trailing 6-month period | 35.60% | 11.80% | +23.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.73% | 20.34% | +27.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.58% | 21.19% | +20.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.58% | 20.87% | +20.71% |