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TFSL vs. SPRX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TFSL vs. SPRX

Last updated Jun 5, 2026

TFSL (TFS Financial Corporation) is a stock, while SPRX (Spear Alpha ETF) is Technology Equities fund actively managed by Spear. Over the past 3 years, TFSL returned 19.89%/yr vs 47.54%/yr for SPRX. At a 0.34 correlation, their price movements are largely independent.

Performance

TFSL vs. SPRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TFS Financial Corporation (TFSL) and Spear Alpha ETF (SPRX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TFSL achieves a 24.60% return, which is significantly lower than SPRX's 49.15% return.

TFSL

1D
2.96%
1M
8.72%
YTD
24.60%
6M
17.99%
1Y
35.05%
3Y*
19.89%
5Y*
1.55%
10Y*
5.42%

SPRX

1D
-0.74%
1M
29.77%
YTD
49.15%
6M
42.36%
1Y
108.80%
3Y*
47.54%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TFSL vs. SPRX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
TFSL
TFS Financial Corporation		24.60%15.95%-6.73%11.18%-12.98%-3.29%
SPRX
Spear Alpha ETF		49.15%41.91%20.58%88.02%-44.99%8.91%

Correlation

The correlation between TFSL and SPRX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Aug 5, 2021

0.34

The correlation between TFSL and SPRX shifts across timeframes, from 0.19 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.

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TFS Financial Corporation

Spear Alpha ETF

Often compared with TFSL:
TFSL vs. RFTFSL vs. SPYTFSL vs. FCGSXTFSL vs. MAINTFSL vs. ABBVTFSL vs. ABTFSL vs. ABALX
Often compared with SPRX:
SPRX vs. AIQSPRX vs. SMHSPRX vs. SPYSPRX vs. VOOSPRX vs. SOXXSPRX vs. BOTZSPRX vs. QTUM

Return for Risk

TFSL vs. SPRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TFSL
TFSL Risk / Return Rank: 8181
Overall Rank
TFSL Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
TFSL Sortino Ratio Rank: 7878
Sortino Ratio Rank
TFSL Omega Ratio Rank: 7777
Omega Ratio Rank
TFSL Calmar Ratio Rank: 8484
Calmar Ratio Rank
TFSL Martin Ratio Rank: 8585
Martin Ratio Rank
SPRX
SPRX Risk / Return Rank: 7373
Overall Rank
SPRX Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
SPRX Sortino Ratio Rank: 6363
Sortino Ratio Rank
SPRX Omega Ratio Rank: 6363
Omega Ratio Rank
SPRX Calmar Ratio Rank: 8484
Calmar Ratio Rank
SPRX Martin Ratio Rank: 7676
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TFSL vs. SPRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TFS Financial Corporation (TFSL) and Spear Alpha ETF (SPRX). 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.

TFSLSPRXDifference
Sharpe ratioReturn per unit of total volatility
1.57
2.51

-0.95

Sortino ratioReturn per unit of downside risk
2.19
2.88

-0.69

Omega ratioGain probability vs. loss probability

1.28

1.38

-0.10

Calmar ratioReturn relative to maximum drawdown

3.25

4.52

-1.27

Martin ratioReturn relative to average drawdown

8.54

14.31

-5.77

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TFSL vs. SPRX - Sharpe Ratio Comparison

The current TFSL Sharpe Ratio is 1.57, which is lower than the SPRX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of TFSL and SPRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

TFSLSPRXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.57

2.51

-0.95

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.07

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.22

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.24

0.59

-0.35

Drawdowns

TFSL vs. SPRX - Drawdown Comparison

The maximum TFSL drawdown since its inception was -45.52%, smaller than the maximum SPRX drawdown of -51.21%. Use the drawdown chart below to compare losses from any high point for TFSL and SPRX.

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Drawdown Indicators

TFSLSPRXDifference

Max Drawdown

Largest peak-to-trough decline

-45.52%

-51.21%

+5.69%

Max Drawdown (1Y)

Largest decline over 1 year

-10.83%

-24.21%

+13.38%

Max Drawdown (3Y)

Largest decline over 3 years

-24.68%

-42.12%

+17.44%

Max Drawdown (5Y)

Largest decline over 5 years

-42.95%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-42.95%

—

—

Current Drawdown

Current decline from peak

0.00%

-2.30%

+2.30%

Average Drawdown

Average peak-to-trough decline

-17.21%

-17.64%

+0.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.12%

7.63%

-3.51%

Volatility

TFSL vs. SPRX - Volatility Comparison

The current volatility for TFS Financial Corporation (TFSL) is 5.69%, while Spear Alpha ETF (SPRX) has a volatility of 15.04%. This indicates that TFSL experiences smaller price fluctuations and is considered to be less risky than SPRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TFSLSPRXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.69%

15.04%

-9.35%

Volatility (6M)

Calculated over the trailing 6-month period

16.60%

35.47%

-18.87%

Volatility (1Y)

Calculated over the trailing 1-year period

22.44%

43.51%

-21.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.68%

41.72%

-18.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.52%

41.72%

-17.20%

Dividends

TFSL vs. SPRX - Dividend Comparison

TFSL's dividend yield for the trailing twelve months is around 6.92%, while SPRX has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
TFSL
TFS Financial Corporation		6.92%8.45%9.00%7.69%7.84%6.30%6.35%5.28%5.21%3.95%2.36%1.81%

Frequently Asked Questions

TFSL and SPRX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPRX has higher volatility (15.04%) compared to TFSL (5.69%). In terms of maximum drawdown, TFSL dropped -45.52% vs SPRX's -51.21%.

SPRX currently has the higher Sharpe Ratio (2.51 vs 1.57), 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.

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