- 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
- Assets Under Management
- $0
Share Price Chart
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Performance
SPCK Performance Chart
SPAC and New Issue ETF (SPCK) is up 2.0% 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 $926.
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Returns By Period
SPAC and New Issue ETF (SPCK) has returned 1.97% so far this year and -2.72% over the past 12 months.
SPAC and New Issue ETF
- 1D
- -0.09%
- 1M
- -0.83%
- YTD
- 1.97%
- 6M
- 2.02%
- 1Y
- -2.72%
- 3Y*
- 3.47%
- 5Y*
- -1.53%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
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 +0.13%. At this rate, an investment would double in approximately 44.5 years.
Historically, 51% of months were positive and 49% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.38% | -0.97% | 0.34% | 0.66% | 0.28% | 0.29% | 1.97% | ||||||
| 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% |
| 2024 | 0.89% | -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% |
| 2021 | 12.14% | 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 1.16%, beta of 0.04, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since December 16, 2020.
- This ETF captured 1.40% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.26%) - 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
- 1.16%
- Beta
- 0.04
- R²
- 0.01
- Upside Capture
- 1.40%
- Downside Capture
- -6.26%
Expense Ratio
SPCK has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SPCK ranks 5 for risk / return — in the bottom 5% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SPAC and New Issue ETF (SPCK) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPCK | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.37 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 2.78 | -3.30 |
| Martin ratioReturn relative to average drawdown | -1.13 | 12.44 | -13.57 |
Dividends
Dividend History
SPAC and New Issue ETF provided a 16.17% dividend yield over the last twelve months, with an annual payout of $3.59 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $3.59 | $3.59 | $0.16 | $0.52 | $0.00 | $0.36 |
Dividend yield | 16.17% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $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 16.58%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -28.28%Feb 2023 | 1y 11mo | — | 5y 4moFeb 2021 - now |
2021 pullback2021 | -6.44%Jan 2021 | 1d | 6d | 7dJan 2021 - Feb 2021 |
2021 pullback2021 | -1.94%Jan 2021 | 8d | 1d | 9dDec 2020 - Jan 2021 |
2021 pullback2021 | -1.27%Jan 2021 | 0s | 5d | 5dJan 2021 - Jan 2021 |
2021 pullback2021 | -1.15%Feb 2021 | 2d | 5d | 7dFeb 2021 - Feb 2021 |
Drawdown Indicators
| SPCK | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.28% | -56.78% | +28.50% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -9.10% | +3.86% |
Max Drawdown (3Y)Largest decline over 3 years | -7.72% | -18.90% | +11.18% |
Max Drawdown (5Y)Largest decline over 5 years | -20.59% | -25.43% | +4.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -16.58% | -1.80% | -14.78% |
Average DrawdownAverage peak-to-trough decline | -18.83% | -10.71% | -8.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.64% | 2.03% | +2.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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