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SPAC and New Issue ETF (SPCK)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

Inception Date
Dec 15, 2020
Region
North America (U.S.)
Category
Event Driven
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Domicile
United States
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Multi-Cap
Asset Class Style
Blend

Share Price Chart


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SPAC and New Issue ETF

Performance

SPCK Performance Chart

SPAC and New Issue ETF (SPCK) is up 0.5% since the beginning of the year. SPCK is currently trading at $22 per share. Investors who bought $1,000 worth of SPCK shares 5 years ago would now be looking at an investment worth $919.


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S&P 500 Index

Returns By Period

SPAC and New Issue ETF (SPCK) has returned 0.48% so far this year and 6.74% over the past 12 months.


SPAC and New Issue ETF

1D
0.09%
1M
-0.06%
YTD
0.48%
6M
-0.55%
1Y
6.74%
3Y*
3.32%
5Y*
-1.68%
10Y*

Benchmark (S&P 500 Index)

1D
-0.11%
1M
2.16%
YTD
-0.42%
6M
4.03%
1Y
27.10%
3Y*
18.38%
5Y*
10.55%
10Y*
12.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPCK Monthly Returns History

Based on dividend-adjusted daily data since Dec 16, 2020, SPCK's average daily return is +0.01%, while the average monthly return is +0.11%. At this rate, an investment would double in approximately 52.5 years.

Historically, 48% of months were positive and 52% were negative. The best month was Jan 2021 with a return of +12.1%, while the worst month was Dec 2022 at -6.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.

On a daily basis, SPCK closed higher 46% of trading days. The best single day was Sep 4, 2024 with a return of +4.9%, while the worst single day was Dec 9, 2022 at -6.9%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.38%-0.97%0.34%-0.25%0.48%
2025-0.21%1.25%1.02%1.06%4.49%0.16%-1.59%-1.47%1.40%3.45%-1.42%-0.40%7.81%
20240.89%-0.19%-0.17%0.47%1.91%-0.52%0.29%-0.46%0.13%1.15%-1.01%0.35%2.84%
2023-4.07%2.69%-1.34%-0.88%-0.17%1.57%-1.50%0.80%-1.83%0.32%0.47%-0.07%-4.10%
2022-1.07%-0.10%0.46%-0.72%-0.87%-0.40%0.15%-0.31%-3.77%0.32%-0.40%-6.08%-12.25%
202112.14%3.92%-5.75%1.04%-1.41%2.64%-1.30%0.19%-0.26%0.21%-0.49%-1.05%9.28%

Benchmark Metrics

SPAC and New Issue ETF has an annualized alpha of 0.90%, beta of 0.04, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since December 17, 2020.

  • This ETF captured 0.67% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -5.97%) — a profile typical of hedging or uncorrelated assets.
  • Beta of 0.04 may look defensive, but with R² of 0.01 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R² of 0.01 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
0.90%
Beta
0.04
0.01
Upside Capture
0.67%
Downside Capture
-5.97%

Expense Ratio

SPCK has a high expense ratio of 0.95%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

SPCK ranks 15 for risk / return — in the bottom 15% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


SPCK Risk / Return Rank: 1515
Overall Rank
SPCK Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
SPCK Sortino Ratio Rank: 1616
Sortino Ratio Rank
SPCK Omega Ratio Rank: 1818
Omega Ratio Rank
SPCK Calmar Ratio Rank: 1414
Calmar Ratio Rank
SPCK Martin Ratio Rank: 1111
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for SPAC and New Issue ETF (SPCK) and compare them to a chosen benchmark (S&P 500 Index).


SPCKBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.79

2.23

-1.44

Sortino ratio

Return per unit of downside risk

1.12

3.12

-1.99

Omega ratio

Gain probability vs. loss probability

1.17

1.42

-0.25

Calmar ratio

Return relative to maximum drawdown

0.84

4.05

-3.21

Martin ratio

Return relative to average drawdown

1.46

17.91

-16.45

Explore SPCK risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

SPAC and New Issue ETF provided a 16.41% dividend yield over the last twelve months, with an annual payout of $3.59 per share.


0.00%5.00%10.00%15.00%$0.00$1.00$2.00$3.00$4.0020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021
Dividend$3.59$3.59$0.16$0.52$0.00$0.36

Dividend yield

16.41%16.48%0.69%2.27%0.00%1.28%

Monthly Dividends

The table displays the monthly dividend distributions for SPAC and New Issue ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.59$3.59
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.16$0.16
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.52$0.52
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2021$0.36$0.36

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.


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Worst Drawdowns

The table below displays the maximum drawdowns of the SPAC and New Issue 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 SPAC and New Issue ETF was 28.28%, occurring on Feb 8, 2023. The portfolio has not yet recovered.

The current SPAC and New Issue ETF drawdown is 17.80%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-28.28%Feb 17, 2021499Feb 8, 2023
-6.44%Jan 26, 20212Jan 27, 20214Feb 2, 20216
-1.94%Dec 29, 20206Jan 6, 20211Jan 7, 20217
-1.27%Jan 15, 20211Jan 15, 20212Jan 20, 20213
-1.15%Feb 9, 20213Feb 11, 20212Feb 16, 20215

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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