Spear Alpha ETF (SPRX) Performance
SPRX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −3.4% since Dec 31, 2025
- 1 year
- −8.0% total return
- 5 years
- +12.1% a year
- Since first price
- +12.6% a year since 2021
SPRX trailing returns vs SPY, QQQ, AGG
| Period | SPRX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −23.8% | −23.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −20.1% | −20.1% | +3.2% | +1.9% | −0.4% |
| 6 months | −16.1% | −16.1% | +7.8% | +8.4% | −1.5% |
| YTD | −3.4% | −3.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −8.0% | −8.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +125.1%+31.0%/yr | +125.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +77.2%+12.1%/yr | +76.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionAug 4, 2021 | +86.2%+12.6%/yr | +85.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SPRX vs SPY
From Aug 4, 2021: SPRX grew to $18,615, SPY to $18,569.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SPRX returns by calendar year
3 of 4 full years positive. Best 2023 (+88.0%), worst 2022 (−45.0%). 2026 is year to date.
SPRX annual returns table
| Year | SPRX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −3.4% | −37.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +41.9% | −42.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +20.6% | −23.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +88.0% | −20.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −45.0% | −47.2% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SPRX largest drawdowns
Now 36.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 8, 2021 | −51.2% | Nov 9, 2022 | Jan 29, 2024 | 1.0 years | 2.2 years |
| Jan 23, 2025 | −42.1% | Apr 4, 2025 | Jul 9, 2025 | 2 months | 5 months |
| Jun 2, 2026 | −37.1% | Oct 22, 2026 | not yet | 5 months | 5 months so far |
| Oct 31, 2025 | −24.2% | Mar 30, 2026 | Apr 17, 2026 | 5 months | 6 months |
| Feb 14, 2024 | −23.7% | Aug 5, 2024 | Nov 21, 2024 | 6 months | 9 months |
| Jan 6, 2025 | −12.0% | Jan 13, 2025 | Jan 22, 2025 | 7 days | 16 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SPRX risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +40.1% | +19.4% | +17.7% |
| Volatility (annualized) | 40.4% | 39.0% | 38.8% |
| Sharpe ratio | 0.93 | 0.56 | 0.52 |
| Sortino ratio | 1.61 | 0.92 | 0.86 |
| Best month | +27.0% | +28.0% | +28.0% |
| Worst month | −26.6% | −26.6% | −26.6% |
| Best 12 months | +106.7% | +106.7% | +106.7% |
| Worst 12 months | −15.4% | −45.0% | −45.0% |
| Positive months | 69% | 62% | 61% |
| Beta vs S&P 500 | 2.34 | 1.66 | — |
| Correlation with S&P 500 | 0.72 | 0.67 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SPRX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 51 | −45.0% | +28.3% | +106.7% | 75% |
| 3-year (a year) | 27 | −0.8% | +31.0% | +50.1% | 96% |
| 5-year (a year) | 3 | +11.2% | +16.2% | +19.4% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
SPRX performance overview
Spear Alpha ETF (SPRX) returned −8.0% over the past year and +12.1% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +12.6% a year, turning $10,000 into about $18,615. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −51.2%, from Nov 8, 2021 to Nov 9, 2022, and it took 1.2 years to get back to the old high. SPRX finished 3 of its 4 full calendar years with a gain; the best year was 2023 (+88.0%) and the worst 2022 (−45.0%). Volatility has been 38.8% a year.
Related: SPRX chart, SPRX holdings. See the SPRX overview for the latest quote and fund facts.
SPRX performance FAQ
What is the SPRX return over the past year?
SPRX returned −8.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 8.0%.
What is the average annual return of SPRX?
SPRX has returned +12.1% a year over 5 years, +12.6% a year since August 4, 2021 (total return, distributions reinvested).
How much would $10,000 invested in SPRX be worth?
$10,000 invested in SPRX at its first recorded close on August 4, 2021 would be worth about $18,615 on October 23, 2026 with distributions reinvested.
What was the worst year for SPRX?
The worst calendar year was 2022, with a total return of −45.0%. The best was 2023 at +88.0%.
What is the biggest drawdown of SPRX?
The largest peak-to-trough decline was −51.2% between November 8, 2021 and November 9, 2022. It recovered to the old high on January 29, 2024, 1.2 years after the bottom.
How volatile is SPRX?
Over the past 3 years SPRX had an annualized volatility of 40.4% and a Sharpe ratio of 0.93 (excess return over 1–3 month T-bills per unit of risk).