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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in SPAC and New Issue ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
SPAC and New Issue ETF (SPCX) has returned 0.73% so far this year and 6.40% over the past 12 months.
SPAC and New Issue ETF
- 1D
- 0.45%
- 1M
- 0.34%
- YTD
- 0.73%
- 6M
- 2.32%
- 1Y
- 6.40%
- 3Y*
- 3.29%
- 5Y*
- -1.42%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Dec 16, 2020, SPCX's average daily return is +0.01%, while the average monthly return is +0.12%. At this rate, your investment would double in approximately 48.2 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, SPCX 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% | 0.73% | |||||||||
| 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 0.98%, 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 0.83% 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
- 0.98%
- Beta
- 0.04
- R²
- 0.01
- Upside Capture
- 0.83%
- Downside Capture
- -5.97%
Expense Ratio
SPCX has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SPCX ranks 29 for risk / return — below 29% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SPAC and New Issue ETF (SPCX) and compare them to a chosen benchmark (S&P 500 Index).
| SPCX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.90 | -0.26 |
Sortino ratioReturn per unit of downside risk | 0.91 | 1.39 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.21 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.81 | 1.40 | -0.59 |
Martin ratioReturn relative to average drawdown | 1.42 | 6.61 | -5.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore SPCX 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 16.37% 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 | 16.37% | 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 | |||||||||
| 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 17.59%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.28% | Feb 17, 2021 | 499 | Feb 8, 2023 | — | — | — |
| -6.44% | Jan 26, 2021 | 2 | Jan 27, 2021 | 4 | Feb 2, 2021 | 6 |
| -1.94% | Dec 29, 2020 | 6 | Jan 6, 2021 | 1 | Jan 7, 2021 | 7 |
| -1.27% | Jan 15, 2021 | 1 | Jan 15, 2021 | 2 | Jan 20, 2021 | 3 |
| -1.15% | Feb 9, 2021 | 3 | Feb 11, 2021 | 2 | Feb 16, 2021 | 5 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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