DAK vs. SPCT

Last updated Aug 1, 2026

DAK (Dakota Active Equity ETF) and SPCT (Liberty One Spectrum ETF) are both Large Cap Blend Equities funds. Both are actively managed. Their 0.58 correlation means they have sometimes moved together and sometimes differently. DAK charges 0.43%/yr vs 0.85%/yr for SPCT.

Performance

DAK vs. SPCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dakota Active Equity ETF (DAK) and Liberty One Spectrum ETF (SPCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with DAK having a 10.36% return and SPCT slightly lower at 10.25%.

DAK

• 1D: 0.74%
• 1M: 0.91%
• 6M: 9.09%
• YTD: 10.36%
• 1Y: 20.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.77%

SPCT

• 1D: 0.21%
• 1M: 1.34%
• 6M: 5.95%
• YTD: 10.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DAK Dakota Active Equity ETF	$1.23K	$2.63K	$4.01K
SPCT Liberty One Spectrum ETF	$159.06K	$187.55K	$230.72K

DAK vs. SPCT - Yearly Performance Comparison

	2026 (YTD)	2025
DAK Dakota Active Equity ETF	10.36%	2.52%
SPCT Liberty One Spectrum ETF	10.25%	1.93%

Correlation

The correlation between DAK and SPCT is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.58

Return for Risk

DAK vs. SPCT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DAK

DAK Risk / Return Rank: 72
DAK Sharpe Ratio Rank: 73
DAK Sortino Ratio Rank: 72
DAK Omega Ratio Rank: 70
DAK Calmar Ratio Rank: 68
DAK Martin Ratio Rank: 78

SPCT

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DAK vs. SPCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dakota Active Equity ETF (DAK) and Liberty One Spectrum ETF (SPCT). 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.

	DAK	SPCT	Difference
Sharpe ratio: Return per unit of total volatility	1.68	—	—
Sortino ratio: Return per unit of downside risk	2.37	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.42	—	—
Martin ratio: Return relative to average drawdown	10.16	—	—

Drawdowns

DAK vs. SPCT - Drawdown Comparison

The maximum DAK drawdown since its inception was -7.87%, which is greater than SPCT's maximum drawdown of -7.17%. Use the drawdown chart below to compare losses from any high point for DAK and SPCT.

Drawdown Indicators

	DAK	SPCT	Difference
Max Drawdown Largest peak-to-trough decline	-7.87%	-7.17%	-0.70%
Max Drawdown (1Y) Largest decline over 1 year	-7.87%	—	—
Current Drawdown Current decline from peak	-0.55%	-1.49%	+0.94%
Average Drawdown Average peak-to-trough decline	-1.18%	-1.44%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	—	—

Volatility

Volatility by Period

	DAK	SPCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.39%	9.38%	+2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.39%	9.38%	+2.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.39%	9.38%	+2.01%

DAK vs. SPCT - Expense Ratio Comparison

DAK has a 0.43% expense ratio, which is lower than SPCT's 0.85% expense ratio.

Dividends

DAK vs. SPCT - Dividend Comparison

DAK's dividend yield for the trailing twelve months is around 0.75%, less than SPCT's 0.77% yield.

Position	TTM	2025
DAK Dakota Active Equity ETF	0.75%	0.42%
SPCT Liberty One Spectrum ETF	0.77%	0.16%

Frequently Asked Questions

Can I hold both DAK and SPCT in my portfolio?

DAK and SPCT have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DAK or SPCT?

On fees, DAK is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DAK or SPCT?

DAK is cheaper with a 0.43% expense ratio, compared with 0.85% for SPCT.

Which ETF pays a higher dividend yield, DAK or SPCT?

SPCT has the higher dividend yield at 0.77%, compared with 0.75% for DAK.

What is the main difference between DAK and SPCT?

They also come from different issuers: Dakota Wealth and Liberty One. Their fees differ too: 0.43% for DAK and 0.85% for SPCT.