SPRX vs VOO
Spear Alpha ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. SPRX delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPRX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.03% | |
| AUM | $202M | $979.0B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 30 | 509 | |
| YTD Return | +17.34% | +13.44% | |
| 1Y Return | +36.00% | +22.62% | |
| 3Y Return (annualized) | +38.71% | +21.47% | |
| 5Y Return (annualized) | +18.12% | +13.27% | |
| Volatility (annualized) | 39.3% | 14.1% | |
| Max Drawdown | -51.2% | -34.3% | |
| Fund Family | Spear | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Aug 3, 2021 | Sep 7, 2010 |
SPRX vs VOO Performance
Spear Alpha ETF (SPRX) is a ETF from Spear and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SPRX returned +36.00% while VOO returned +22.62%. Year to date, SPRX is up 17.34% versus a gain of 13.44% for VOO.
Over three years, SPRX compounded at +38.71% per year against +21.47% for VOO; over five years the annualized figures are +18.12% and +13.27% respectively. Across the full 5-year window we track, SPRX has the edge at +18.76% annualized vs +13.55%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPRX has been the more volatile fund, with annualized monthly volatility of 39.3% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -51.2% for SPRX and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPRX charges 0.75% per year while VOO charges 0.03%. On a $10,000 position that is $75 vs $3 annually, a gap of $72 per year that compounds over a long holding period. On income, SPRX currently yields 0.00% against 1.09% for VOO.
Holdings Overlap
SPRX and VOO share 12 holdings out of 520 unique holdings combined, representing a 5.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPRX or VOO?
SPRX has an expense ratio of 0.75% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, SPRX or VOO?
Over the past year SPRX returned +36.00% vs +22.62% for VOO, so SPRX leads on 1-year performance. Over the longest common window we track (5 years), SPRX annualized +18.76% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, SPRX or VOO?
SPRX has been the more volatile fund at 39.3% annualized versus 14.1% for VOO. Worst drawdown: SPRX -51.2% vs VOO -34.3%.
Should I hold both SPRX and VOO?
SPRX and VOO have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPRX and VOO?
SPRX and VOO share 12 common holdings with a 5.5% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, SPRX or VOO?
SPRX yields 0.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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