Share Price Chart
Loading graphics...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in RiverNorth Enhanced Pre-Merger SPAC ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Loading graphics...
Returns By Period
RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) has returned -0.15% so far this year and 8.26% over the past 12 months.
RiverNorth Enhanced Pre-Merger SPAC ETF
- 1D
- -0.04%
- 1M
- -0.78%
- YTD
- -0.15%
- 6M
- 0.39%
- 1Y
- 8.26%
- 3Y*
- 6.38%
- 5Y*
- —
- 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 Jul 12, 2022, SPCZ's average daily return is +0.02%, while the average monthly return is +0.50%. At this rate, your investment would double in approximately 11.6 years.
Historically, 78% of months were positive and 22% were negative. The best month was Jul 2025 with a return of +3.7%, while the worst month was Jun 2025 at -1.9%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 2 months.
On a daily basis, SPCZ closed higher 56% of trading days. The best single day was Sep 4, 2024 with a return of +4.1%, while the worst single day was Sep 3, 2024 at -3.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.60% | 0.03% | -0.78% | -0.15% | |||||||||
| 2025 | 0.16% | 0.71% | 0.75% | 2.29% | 2.02% | -1.86% | 3.70% | 0.14% | 1.39% | 1.26% | -0.64% | -0.07% | 10.19% |
| 2024 | 0.55% | 0.81% | 0.40% | 0.75% | 0.13% | 0.21% | 0.35% | -0.49% | 1.63% | -0.19% | -0.65% | 1.71% | 5.31% |
| 2023 | 0.68% | 0.66% | 0.58% | 0.42% | 1.03% | 0.27% | 0.53% | 0.68% | 0.53% | 0.16% | -0.26% | 0.49% | 5.93% |
| 2022 | -0.02% | 0.08% | -0.04% | 0.74% | 0.55% | 0.63% | 1.95% |
Benchmark Metrics
RiverNorth Enhanced Pre-Merger SPAC ETF has an annualized alpha of 6.02%, beta of 0.02, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since July 13, 2022.
- This ETF captured 11.10% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -18.21%) — a profile typical of hedging or uncorrelated assets.
- Beta of 0.02 may look defensive, but with R² of 0.00 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 0.00 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
- 6.02%
- Beta
- 0.02
- R²
- 0.00
- Upside Capture
- 11.10%
- Downside Capture
- -18.21%
Expense Ratio
SPCZ has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SPCZ ranks 74 for risk / return — better than 74% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) and compare them to a chosen benchmark (S&P 500 Index).
| SPCZ | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 0.90 | +0.43 |
Sortino ratioReturn per unit of downside risk | 1.98 | 1.39 | +0.60 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.21 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.37 | 1.40 | +0.97 |
Martin ratioReturn relative to average drawdown | 6.30 | 6.61 | -0.31 |
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 SPCZ risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
RiverNorth Enhanced Pre-Merger SPAC ETF provided a 12.08% dividend yield over the last twelve months, with an annual payout of $3.08 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $3.08 | $3.08 | $1.10 | $1.29 | $0.06 |
Dividend yield | 12.08% | 12.06% | 4.24% | 5.01% | 0.22% |
Monthly Dividends
The table displays the monthly dividend distributions for RiverNorth Enhanced Pre-Merger SPAC 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 | $3.08 | $3.08 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.10 | $1.10 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.29 | $1.29 |
| 2022 | $0.06 | $0.06 |
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.
Loading graphics...
Worst Drawdowns
The table below displays the maximum drawdowns of the RiverNorth Enhanced Pre-Merger SPAC 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 RiverNorth Enhanced Pre-Merger SPAC ETF was 4.47%, occurring on Sep 3, 2024. Recovery took 16 trading sessions.
The current RiverNorth Enhanced Pre-Merger SPAC ETF drawdown is 2.77%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -4.47% | Aug 8, 2024 | 18 | Sep 3, 2024 | 16 | Sep 25, 2024 | 34 |
| -3.5% | Jun 17, 2025 | 9 | Jun 30, 2025 | 16 | Jul 23, 2025 | 25 |
| -2.86% | Dec 30, 2025 | 6 | Jan 7, 2026 | — | — | — |
| -1.34% | Oct 21, 2024 | 1 | Oct 21, 2024 | 44 | Dec 23, 2024 | 45 |
| -1.21% | Oct 16, 2025 | 44 | Dec 17, 2025 | 7 | Dec 29, 2025 | 51 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading graphics...