SPRX vs. XLKI

Last updated Aug 2, 2026

SPRX (Spear Alpha ETF) and XLKI (State Street Technology Select Sector SPDR Premium Income ETF) are both Technology Equities funds. Both are actively managed. Over the past year, SPRX returned 32.41% vs 24.59% for XLKI. Their correlation of 0.82 means they have usually moved in the same direction. SPRX charges 0.75%/yr vs 0.35%/yr for XLKI.

Performance

SPRX vs. XLKI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Spear Alpha ETF (SPRX) and State Street Technology Select Sector SPDR Premium Income ETF (XLKI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SPRX having a 10.60% return and XLKI slightly higher at 10.67%.

SPRX

• 1D: 1.12%
• 1M: -16.08%
• 6M: 5.15%
• YTD: 10.60%
• 1Y: 32.41%
• 3Y*: 29.23%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.44%

XLKI

• 1D: 0.01%
• 1M: -1.06%
• 6M: 9.29%
• YTD: 10.67%
• 1Y: 24.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SPRX Spear Alpha ETF	$6.60M	$5.75M	$7.61M
XLKI State Street Technology Select Sector SPDR Premium Income ETF	$514.98K	$430.22K	$356.64K

SPRX vs. XLKI - Yearly Performance Comparison

	2026 (YTD)	2025
SPRX Spear Alpha ETF	10.60%	19.49%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	10.67%	10.02%

Correlation

The correlation between SPRX and XLKI is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.82

The correlation between SPRX and XLKI has been stable across timeframes, ranging from 0.82 to 0.82 - a consistent structural relationship.

SPRX vs. XLKI - Sectors Allocation Comparison

Sectors	SPRX	XLKI
Technology	88.5%	99.2%
Basic Materials	9.2%	-
Financial Services	6.5%	99.9%
Industrials	5.0%	-
Communication Services	3.9%	0.8%
Healthcare	2.0%	-
Utilities	1.4%	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-

Return for Risk

SPRX vs. XLKI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPRX

SPRX Risk / Return Rank: 27
SPRX Sharpe Ratio Rank: 24
SPRX Sortino Ratio Rank: 28
SPRX Omega Ratio Rank: 27
SPRX Calmar Ratio Rank: 25
SPRX Martin Ratio Rank: 30

XLKI

XLKI Risk / Return Rank: 51
XLKI Sharpe Ratio Rank: 46
XLKI Sortino Ratio Rank: 43
XLKI Omega Ratio Rank: 47
XLKI Calmar Ratio Rank: 57
XLKI Martin Ratio Rank: 60

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPRX vs. XLKI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Spear Alpha ETF (SPRX) and State Street Technology Select Sector SPDR Premium Income ETF (XLKI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPRX	XLKI	Difference
Sharpe ratio: Return per unit of total volatility	0.54	1.13	-0.60
Sortino ratio: Return per unit of downside risk	1.05	1.61	-0.56
Omega ratio: Gain probability vs. loss probability	1.13	1.22	-0.09
Calmar ratio: Return relative to maximum drawdown	0.78	2.02	-1.24
Martin ratio: Return relative to average drawdown	2.74	7.10	-4.36

SPRX vs. XLKI - Sharpe Ratio Comparison

The current SPRX Sharpe Ratio is 0.54, which is lower than the XLKI Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of SPRX and XLKI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPRX vs. XLKI - Drawdown Comparison

The maximum SPRX drawdown since its inception was -51.21%, which is greater than XLKI's maximum drawdown of -11.21%. Use the drawdown chart below to compare losses from any high point for SPRX and XLKI.

Drawdown Indicators

	SPRX	XLKI	Difference
Max Drawdown Largest peak-to-trough decline	-51.21%	-11.21%	-40.00%
Max Drawdown (1Y) Largest decline over 1 year	-35.87%	-11.21%	-24.66%
Max Drawdown (3Y) Largest decline over 3 years	-42.12%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-51.21%	—	—
Current Drawdown Current decline from peak	-27.55%	-6.73%	-20.82%
Average Drawdown Average peak-to-trough decline	-17.53%	-2.16%	-15.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.18%	3.18%	+7.00%

Volatility

SPRX vs. XLKI - Volatility Comparison

Spear Alpha ETF (SPRX) has a higher volatility of 21.68% compared to State Street Technology Select Sector SPDR Premium Income ETF (XLKI) at 8.68%. This indicates that SPRX's price experiences larger fluctuations and is considered to be riskier than XLKI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPRX	XLKI	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.68%	8.68%	+13.00%
Volatility (6M) Calculated over the trailing 6-month period	43.65%	17.55%	+26.10%
Volatility (1Y) Calculated over the trailing 1-year period	52.09%	19.96%	+32.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.22%	19.92%	+23.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.22%	19.92%	+23.30%

SPRX vs. XLKI - Expense Ratio Comparison

SPRX has a 0.75% expense ratio, which is higher than XLKI's 0.35% expense ratio.

Dividends

SPRX vs. XLKI - Dividend Comparison

SPRX has not paid dividends to shareholders, while XLKI's dividend yield for the trailing twelve months is around 17.91%.

Position	TTM	2025	2024	2023	2022	2021
SPRX Spear Alpha ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.25%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	17.91%	8.52%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPRX and XLKI in my portfolio?

SPRX and XLKI have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPRX or XLKI?

SPRX has higher volatility (21.68%) compared to XLKI (8.68%). In terms of maximum drawdown, SPRX dropped -51.21% vs XLKI's -11.21%.

Which ETF is better, SPRX or XLKI?

On 1-year performance, SPRX leads with 32.41% vs 24.59% for XLKI. On fees, XLKI is cheaper at 0.35% per year. On volatility, XLKI has been the lower-risk option at 8.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPRX or XLKI?

Over the 1-year period, SPRX has performed better with a 32.41% return vs 24.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPRX or XLKI?

XLKI is cheaper with a 0.35% expense ratio, compared with 0.75% for SPRX.

Which ETF pays a higher dividend yield, SPRX or XLKI?

XLKI has the higher dividend yield at 17.91%, compared with 0.00% for SPRX.

What is the main difference between SPRX and XLKI?

They also come from different issuers: Spear and State Street. Their fees differ too: 0.75% for SPRX and 0.35% for XLKI.

Which has better risk-adjusted returns?

XLKI currently has the higher Sharpe Ratio (1.13 vs 0.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.