Horizon Kinetics SPAC Active ETF (SPAQ)
SPAQ is an actively managed ETF by Horizon. SPAQ launched on Jun 29, 2007 and has a 0.85% expense ratio.
ETF Info
| ISIN | US53656G5559 |
|---|---|
| Issuer | Horizon |
| Inception Date | Jun 29, 2007 |
| Category | Health & Biotech Equities |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Equity |
Expense Ratio
SPAQ features an expense ratio of 0.85%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: SPAQ vs. MEDI
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Horizon Kinetics SPAC Active ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Horizon Kinetics SPAC Active ETF had a return of 2.02% year-to-date (YTD) and 3.19% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.02% | 18.10% |
| 1 month | -0.18% | 1.42% |
| 6 months | 1.23% | 9.39% |
| 1 year | 3.19% | 26.58% |
| 5 years (annualized) | N/A | 13.42% |
| 10 years (annualized) | N/A | 10.88% |
Monthly Returns
The table below presents the monthly returns of SPAQ, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.06% | -0.00% | 0.77% | 0.52% | 0.30% | -0.07% | 0.30% | 0.39% | 2.02% | ||||
| 2023 | 0.55% | 0.72% | 0.25% | 0.23% | 0.62% | 0.46% | 0.43% | 0.81% | 0.46% | 0.13% | 0.15% | 0.59% | 5.52% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SPAQ is 30, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Horizon Kinetics SPAC Active ETF (SPAQ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Horizon Kinetics SPAC Active ETF granted a 2.55% dividend yield in the last twelve months. The annual payout for that period amounted to $2.53 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $2.53 | $2.53 |
Dividend yield | 2.55% | 2.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Horizon Kinetics SPAC Active ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $2.53 | $2.53 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Horizon Kinetics SPAC Active ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Horizon Kinetics SPAC Active ETF was 4.05%, occurring on Feb 20, 2024. Recovery took 19 trading sessions.
The current Horizon Kinetics SPAC Active ETF drawdown is 0.32%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -4.05% | Dec 14, 2023 | 45 | Feb 20, 2024 | 19 | Mar 18, 2024 | 64 |
| -1.08% | Aug 23, 2024 | 8 | Sep 4, 2024 | — | — | — |
| -0.79% | Jul 28, 2023 | 8 | Aug 8, 2023 | 2 | Aug 10, 2023 | 10 |
| -0.52% | Mar 22, 2023 | 4 | Mar 27, 2023 | 11 | Apr 12, 2023 | 15 |
| -0.5% | Nov 30, 2023 | 3 | Dec 4, 2023 | 2 | Dec 6, 2023 | 5 |
Volatility
Volatility Chart
The current Horizon Kinetics SPAC Active ETF volatility is 1.45%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.