SPAC and New Issue ETF (SPCX)
SPCX is an actively managed ETF by Tuttle Tactical Management, LLC. SPCX launched on Dec 16, 2020 and has a 0.95% expense ratio.
ETF Info
| ISIN | US19423L6728 |
|---|---|
| CUSIP | 19423L672 |
| Issuer | Tuttle Tactical Management, LLC |
| Inception Date | Dec 16, 2020 |
| Region | Global (Broad) |
| Category | Money Market, Actively Managed |
| Index Tracked | No Index (Active) |
| Asset Class | Equity |
Expense Ratio
The SPAC and New Issue ETF has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: SPCX vs. BUFF, SPCX vs. SCHD, SPCX vs. SHYG
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.
Returns By Period
SPAC and New Issue ETF had a return of 0.87% year-to-date (YTD) and 0.89% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.87% | 5.06% |
| 1 month | 0.19% | -3.23% |
| 6 months | 1.14% | 17.14% |
| 1 year | 0.89% | 20.62% |
| 5 years (annualized) | N/A | 11.54% |
| 10 years (annualized) | N/A | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.89% | -0.19% | -0.17% | |||||||||
| 2023 | -1.83% | 0.32% | 0.47% | -0.07% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
SPAC and New Issue ETF(SPCX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for SPAC and New Issue ETF (SPCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
SPAC and New Issue ETF granted a 2.25% dividend yield in the last twelve months. The annual payout for that period amounted to $0.52 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.52 | $0.52 | $0.00 | $0.36 |
Dividend yield | 2.25% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 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 |
| 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 |
| 2021 | $0.36 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 28.29%, occurring on Feb 8, 2023. The portfolio has not yet recovered.
The current SPAC and New Issue ETF drawdown is 25.56%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.29% | 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 current SPAC and New Issue ETF volatility is 1.66%, 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.