GERM vs. SPAQ
GERM (Amplify Treatments, Testing and Advancements ETF) and SPAQ (Horizon Kinetics SPAC Active ETF) are both Health & Biotech Equities funds. GERM is passively managed, while SPAQ is actively managed. Over the past year, GERM returned 0.00% vs 4.10% for SPAQ. GERM charges 0.68%/yr vs 0.85%/yr for SPAQ.
Performance
GERM vs. SPAQ - Performance Comparison
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Returns By Period
GERM
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPAQ
- 1D
- -0.20%
- 1M
- 1.41%
- YTD
- 3.35%
- 6M
- 2.27%
- 1Y
- 4.10%
- 3Y*
- 5.98%
- 5Y*
- —
- 10Y*
- —
GERM vs. SPAQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GERM Amplify Treatments, Testing and Advancements ETF | 0.00% | 0.00% | 0.00% |
SPAQ Horizon Kinetics SPAC Active ETF | 3.35% | 7.35% | 2.76% |
GERM vs. SPAQ - Sectors Allocation Comparison
Sectors
GERM
SPAQ
Healthcare
-
Financial Services
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
-
Industrials
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Healthcare
GERM
SPAQ
-
Financial Services
GERM
SPAQ
Basic Materials
GERM
-
SPAQ
-
Communication Services
GERM
-
SPAQ
-
Consumer Cyclical
GERM
-
SPAQ
-
Consumer Defensive
GERM
-
SPAQ
-
Energy
GERM
-
SPAQ
-
Industrials
GERM
-
SPAQ
Real Estate
GERM
-
SPAQ
-
Technology
GERM
-
SPAQ
-
Utilities
GERM
-
SPAQ
-
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Return for Risk
GERM vs. SPAQ — Risk / Return Rank
GERM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPAQ
GERM vs. SPAQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Treatments, Testing and Advancements ETF (GERM) and Horizon Kinetics SPAC Active ETF (SPAQ). 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.
| GERM | SPAQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.11 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.82 | — |
| Martin ratioReturn relative to average drawdown | — | 2.97 | — |
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Drawdowns
GERM vs. SPAQ - Drawdown Comparison
The maximum GERM drawdown since its inception was 0.00%, smaller than the maximum SPAQ drawdown of -5.30%. Use the drawdown chart below to compare losses from any high point for GERM and SPAQ.
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Drawdown Indicators
| GERM | SPAQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -5.30% | +5.30% |
Max Drawdown (1Y)Largest decline over 1 year | 0.00% | -5.00% | +5.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.30% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.32% | +0.32% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -0.53% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 1.39% | -1.39% |
Volatility
GERM vs. SPAQ - Volatility Comparison
The current volatility for Amplify Treatments, Testing and Advancements ETF (GERM) is 0.00%, while Horizon Kinetics SPAC Active ETF (SPAQ) has a volatility of 1.02%. This indicates that GERM experiences smaller price fluctuations and is considered to be less risky than SPAQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GERM | SPAQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 1.02% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 5.06% | -5.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.00% | 8.65% | -8.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.00% | 6.96% | -6.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.00% | 6.96% | -6.96% |
GERM vs. SPAQ - Expense Ratio Comparison
GERM has a 0.68% expense ratio, which is lower than SPAQ's 0.85% expense ratio.
Dividends
GERM vs. SPAQ - Dividend Comparison
GERM has not paid dividends to shareholders, while SPAQ's dividend yield for the trailing twelve months is around 16.15%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GERM Amplify Treatments, Testing and Advancements ETF | 0.00% | 0.00% | 0.00% | 0.00% |
SPAQ Horizon Kinetics SPAC Active ETF | 16.15% | 16.69% | 3.00% | 2.60% |
Frequently Asked Questions
SPAQ has higher volatility (1.02%) compared to GERM (0.00%). In terms of maximum drawdown, GERM dropped 0.00% vs SPAQ's -5.30%.
On 1-year performance, SPAQ leads with 4.10% vs 0.00% for GERM. On fees, GERM is cheaper at 0.68% per year. On volatility, GERM has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPAQ has performed better with a 4.10% return vs 0.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GERM is cheaper with a 0.68% expense ratio, compared with 0.85% for SPAQ.
SPAQ has the higher dividend yield at 16.15%, compared with 0.00% for GERM.
They also come from different issuers: Amplify and Horizon. Their fees differ too: 0.68% for GERM and 0.85% for SPAQ.
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