BKNU vs. SPCK

Last updated Jun 23, 2026

BKNU (T-Rex 2X Long BKNG Daily Target ETF) and SPCK (SPAC and New Issue ETF) are both exchange-traded funds - BKNU is a Leveraged Equities 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 0.03 correlation, their price movements are largely independent. BKNU charges 1.50%/yr vs 0.95%/yr for SPCK.

Performance

BKNU vs. SPCK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long BKNG Daily Target ETF (BKNU) and SPAC and New Issue ETF (SPCK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BKNU

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPCK

• 1D: -0.09%
• 1M: -0.83%
• YTD: 1.97%
• 6M: 2.02%
• 1Y: -2.72%
• 3Y*: 3.47%
• 5Y*: -1.53%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BKNU vs. SPCK - Yearly Performance Comparison

	2026 (YTD)	2025
BKNU T-Rex 2X Long BKNG Daily Target ETF	-39.53%	-13.81%
SPCK SPAC and New Issue ETF	1.97%	2.87%

Correlation

The correlation between BKNU and SPCK is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025	0.03

Return for Risk

BKNU vs. SPCK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BKNU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SPCK

SPCK Risk / Return Rank: 5
SPCK Sharpe Ratio Rank: 6
SPCK Sortino Ratio Rank: 6
SPCK Omega Ratio Rank: 5
SPCK Calmar Ratio Rank: 4
SPCK Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BKNU vs. SPCK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long BKNG Daily Target ETF (BKNU) 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.

	BKNU	SPCK	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.32	—
Sortino ratio: Return per unit of downside risk	—	-0.35	—
Omega ratio: Gain probability vs. loss probability	—	0.94	—
Calmar ratio: Return relative to maximum drawdown	—	-0.52	—
Martin ratio: Return relative to average drawdown	—	-1.13	—

Drawdowns

Drawdown Indicators

	BKNU	SPCK	Difference
Max Drawdown Largest peak-to-trough decline	—	-28.28%	—
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	—	-20.59%	—
Current Drawdown Current decline from peak	—	-16.58%	—
Average Drawdown Average peak-to-trough decline	—	-18.83%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.64%	—

Volatility

Volatility by Period

	BKNU	SPCK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	8.67%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	8.25%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	9.22%	—

BKNU vs. SPCK - Expense Ratio Comparison

BKNU has a 1.50% expense ratio, which is higher than SPCK's 0.95% expense ratio.

Dividends

BKNU vs. SPCK - Dividend Comparison

BKNU has not paid dividends to shareholders, while SPCK's dividend yield for the trailing twelve months is around 16.17%.

Position	TTM	2025	2024	2023	2022	2021
BKNU T-Rex 2X Long BKNG Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPCK SPAC and New Issue ETF	16.17%	16.48%	0.69%	2.27%	0.00%	1.28%

Frequently Asked Questions

Can I hold both BKNU and SPCK in my portfolio?

BKNU and SPCK have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKNU or SPCK?

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.

Which ETF is cheaper, BKNU or SPCK?

SPCK is cheaper with a 0.95% expense ratio, compared with 1.50% for BKNU.

Which ETF pays a higher dividend yield, BKNU or SPCK?

SPCK has the higher dividend yield at 16.17%, compared with 0.00% for BKNU.

What is the main difference between BKNU and SPCK?

BKNU is categorized as Leveraged Equities, while SPCK is Event Driven. Their fees differ too: 1.50% for BKNU and 0.95% for SPCK.