DABS vs. SPCK
DABS (DoubleLine Asset-Backed Securities ETF) and SPCK (SPAC and New Issue ETF) are both exchange-traded funds - DABS is a Nontraditional Bonds fund actively managed by DoubleLine, while SPCK is a Event Driven fund actively managed by Tuttle Capital Management. Both are actively managed. Over the past year, DABS returned 4.88% vs -0.12% for SPCK. At a correlation of -0.11, they often move in opposite directions. DABS charges 0.40%/yr vs 0.95%/yr for SPCK.
Performance
DABS vs. SPCK - Performance Comparison
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Returns By Period
In the year-to-date period, DABS achieves a 1.10% return, which is significantly higher than SPCK's 0.87% return.
DABS
- 1D
- -0.01%
- 1M
- 0.34%
- YTD
- 1.10%
- 6M
- 1.36%
- 1Y
- 4.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPCK
- 1D
- -1.08%
- 1M
- -1.90%
- YTD
- 0.87%
- 6M
- 0.77%
- 1Y
- -0.12%
- 3Y*
- 3.09%
- 5Y*
- -1.74%
- 10Y*
- —
DABS vs. SPCK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DABS DoubleLine Asset-Backed Securities ETF | 1.10% | 5.63% |
SPCK SPAC and New Issue ETF | 0.87% | 7.08% |
Correlation
The correlation between DABS and SPCK is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2025 | -0.11 |
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Return for Risk
DABS vs. SPCK — Risk / Return Rank
DABS
SPCK
DABS vs. SPCK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Asset-Backed Securities ETF (DABS) 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.
| DABS | SPCK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +3.05 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.00 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | -0.02 | +3.82 |
| Martin ratioReturn relative to average drawdown | 12.94 | -0.05 | +12.99 |
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Drawdowns
DABS vs. SPCK - Drawdown Comparison
The maximum DABS drawdown since its inception was -1.47%, smaller than the maximum SPCK drawdown of -28.28%. Use the drawdown chart below to compare losses from any high point for DABS and SPCK.
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Drawdown Indicators
| DABS | SPCK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.47% | -28.28% | +26.81% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -5.24% | +3.95% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.59% | — |
Current DrawdownCurrent decline from peak | -0.27% | -17.48% | +17.21% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -18.83% | +18.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 2.40% | -2.02% |
Volatility
DABS vs. SPCK - Volatility Comparison
The current volatility for DoubleLine Asset-Backed Securities ETF (DABS) is 0.67%, while SPAC and New Issue ETF (SPCK) has a volatility of 2.51%. This indicates that DABS experiences smaller price fluctuations and is considered to be less risky than SPCK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DABS | SPCK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 2.51% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 4.32% | -2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.46% | 8.72% | -6.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.55% | 8.27% | -5.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.55% | 9.23% | -6.68% |
DABS vs. SPCK - Expense Ratio Comparison
DABS has a 0.40% expense ratio, which is lower than SPCK's 0.95% expense ratio.
Dividends
DABS vs. SPCK - Dividend Comparison
DABS's dividend yield for the trailing twelve months is around 4.88%, less than SPCK's 16.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DABS DoubleLine Asset-Backed Securities ETF | 4.88% | 3.81% | 0.00% | 0.00% | 0.00% | 0.00% |
SPCK SPAC and New Issue ETF | 16.34% | 16.48% | 0.69% | 2.27% | 0.00% | 1.28% |
Frequently Asked Questions
DABS and SPCK have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPCK has higher volatility (2.51%) compared to DABS (0.67%). In terms of maximum drawdown, DABS dropped -1.47% vs SPCK's -28.28%.
On 1-year performance, DABS leads with 4.88% vs -0.12% for SPCK. On fees, DABS is cheaper at 0.40% per year. On volatility, DABS has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DABS has performed better with a 4.88% return vs -0.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DABS is cheaper with a 0.40% expense ratio, compared with 0.95% for SPCK.
SPCK has the higher dividend yield at 16.34%, compared with 4.88% for DABS.
DABS is categorized as Nontraditional Bonds, while SPCK is Event Driven. They also come from different issuers: DoubleLine and Tuttle Capital Management. Their fees differ too: 0.40% for DABS and 0.95% for SPCK.
DABS currently has the higher Sharpe Ratio (2.00 vs -0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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