IBTA vs. SPAX

Last updated Apr 1, 2026

Compare and contrast key facts about Ibotta, Inc (IBTA) and Robinson Alternative Yield Pre-merger SPAC ETF (SPAX).

SPAX is an actively managed fund by Toroso Investments. It was launched on Jun 22, 2021.

Performance

IBTA vs. SPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ibotta, Inc (IBTA) and Robinson Alternative Yield Pre-merger SPAC ETF (SPAX). The values are adjusted to include any dividend payments, if applicable.

IBTA vs. SPAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBTA Ibotta, Inc	31.85%	-65.07%	-36.97%
SPAX Robinson Alternative Yield Pre-merger SPAC ETF	0.00%	0.02%	4.36%

Returns By Period

IBTA

• 1D: 2.18%
• 1M: 20.02%
• YTD: 31.85%
• 6M: 7.61%
• 1Y: -28.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPAX

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

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

Return for Risk

IBTA vs. SPAX — Risk / Return Rank

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

IBTA

IBTA Risk / Return Rank: 26
IBTA Sharpe Ratio Rank: 22
IBTA Sortino Ratio Rank: 25
IBTA Omega Ratio Rank: 25
IBTA Calmar Ratio Rank: 27
IBTA Martin Ratio Rank: 31

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.

IBTA vs. SPAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ibotta, Inc (IBTA) and Robinson Alternative Yield Pre-merger SPAC ETF (SPAX). 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.

	IBTA	SPAX	Difference
Sharpe ratio Return per unit of total volatility	-0.41	—	—
Sortino ratio Return per unit of downside risk	-0.17	—	—
Omega ratio Gain probability vs. loss probability	0.97	—	—
Calmar ratio Return relative to maximum drawdown	-0.44	—	—
Martin ratio Return relative to average drawdown	-0.61	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBTA	SPAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.63	—	—

Correlation

The correlation between IBTA and SPAX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

IBTA vs. SPAX - Dividend Comparison

Neither IBTA nor SPAX has paid dividends to shareholders.

	TTM	2025	2024	2023	2022
IBTA Ibotta, Inc	0.00%	0.00%	0.00%	0.00%	0.00%
SPAX Robinson Alternative Yield Pre-merger SPAC ETF	0.00%	0.00%	5.50%	7.54%	0.97%

Drawdowns

Drawdown Indicators

	IBTA	SPAX	Difference
Max Drawdown Largest peak-to-trough decline	-82.48%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-68.04%	—	—
Current Drawdown Current decline from peak	-72.73%	—	—
Average Drawdown Average peak-to-trough decline	-54.40%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	48.81%	—	—

Volatility

Volatility by Period

	IBTA	SPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	50.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	70.17%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.98%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.98%	—	—