BITK vs. SPCK
BITK (Tuttle Capital Bitcoin 0DTE Covered Call ETF) and SPCK (SPAC and New Issue ETF) are both exchange-traded funds - BITK is a Derivative Income fund actively managed by Tuttle Capital Management, while SPCK is a Event Driven fund actively managed by Tuttle Capital Management. Both are actively managed. At a 0.13 correlation, their price movements are largely independent. BITK charges 0.99%/yr vs 0.95%/yr for SPCK.
Performance
BITK vs. SPCK - Performance Comparison
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Returns By Period
In the year-to-date period, BITK achieves a -30.37% return, which is significantly lower than SPCK's 2.02% return.
BITK
- 1D
- 0.94%
- 1M
- 0.26%
- 6M
- -32.49%
- YTD
- -30.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPCK
- 1D
- -0.41%
- 1M
- -0.53%
- 6M
- 2.14%
- YTD
- 2.02%
- 1Y
- 1.25%
- 3Y*
- 3.92%
- 5Y*
- -1.51%
- 10Y*
- —
BITK vs. SPCK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF | -30.37% | -27.15% |
SPCK SPAC and New Issue ETF | 2.02% | 0.63% |
Correlation
The correlation between BITK and SPCK is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.13 |
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Return for Risk
BITK vs. SPCK — Risk / Return Rank
BITK
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPCK
BITK vs. SPCK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK) and SPAC and New Issue ETF (SPCK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BITK | SPCK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.06 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.39 | — |
| Martin ratioReturn relative to average drawdown | — | 0.86 | — |
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Drawdowns
BITK vs. SPCK - Drawdown Comparison
The maximum BITK drawdown since its inception was -57.48%, which is greater than SPCK's maximum drawdown of -28.28%. Use the drawdown chart below to compare losses from any high point for BITK and SPCK.
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Drawdown Indicators
| BITK | SPCK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.48% | -28.28% | -29.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.24% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.16% | — |
Current DrawdownCurrent decline from peak | -53.75% | -16.54% | -37.21% |
Average DrawdownAverage peak-to-trough decline | -37.19% | -18.81% | -18.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.38% | — |
Volatility
BITK vs. SPCK - Volatility Comparison
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Volatility by Period
| BITK | SPCK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.90% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.79% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 48.64% | 6.57% | +42.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.64% | 8.31% | +40.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.64% | 9.23% | +39.41% |
BITK vs. SPCK - Expense Ratio Comparison
BITK has a 0.99% expense ratio, which is higher than SPCK's 0.95% expense ratio.
Dividends
BITK vs. SPCK - Dividend Comparison
BITK's dividend yield for the trailing twelve months is around 49.49%, more than SPCK's 16.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF | 49.49% | 23.15% | 0.00% | 0.00% | 0.00% | 0.00% |
SPCK SPAC and New Issue ETF | 16.16% | 16.48% | 0.69% | 2.27% | 0.00% | 1.28% |
Frequently Asked Questions
BITK and SPCK have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPCK is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPCK is cheaper with a 0.95% expense ratio, compared with 0.99% for BITK.
BITK has the higher dividend yield at 49.49%, compared with 16.16% for SPCK.
BITK is categorized as Derivative Income, while SPCK is Event Driven. Their fees differ too: 0.99% for BITK and 0.95% for SPCK.
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