INDF vs. SPCZ
Compare and contrast key facts about Nifty India Financials ETF (INDF) and RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ).
INDF and SPCZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INDF is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Nifty Financial Services 25/50 Index. It was launched on Oct 20, 2020. SPCZ is an actively managed fund by RiverNorth. It was launched on Jul 11, 2022.
Performance
INDF vs. SPCZ - Performance Comparison
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INDF vs. SPCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
INDF Nifty India Financials ETF | 0.00% | 8.17% | 6.32% | 19.86% | 8.26% |
SPCZ RiverNorth Enhanced Pre-Merger SPAC ETF | -0.15% | 10.19% | 5.31% | 5.93% | 1.95% |
Returns By Period
INDF
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPCZ
- 1D
- -0.04%
- 1M
- -0.78%
- YTD
- -0.15%
- 6M
- 0.39%
- 1Y
- 8.26%
- 3Y*
- 6.38%
- 5Y*
- —
- 10Y*
- —
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INDF vs. SPCZ - Expense Ratio Comparison
INDF has a 0.75% expense ratio, which is lower than SPCZ's 0.90% expense ratio.
Return for Risk
INDF vs. SPCZ — Risk / Return Rank
INDF
SPCZ
INDF vs. SPCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nifty India Financials ETF (INDF) and RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| INDF | SPCZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 1.22 | — |
Correlation
The correlation between INDF and SPCZ is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
INDF vs. SPCZ - Dividend Comparison
INDF's dividend yield for the trailing twelve months is around 21.29%, more than SPCZ's 12.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
INDF Nifty India Financials ETF | 21.29% | 21.29% | 6.15% | 8.84% | 3.12% | 1.58% |
SPCZ RiverNorth Enhanced Pre-Merger SPAC ETF | 12.08% | 12.06% | 4.24% | 5.01% | 0.22% | 0.00% |
Drawdowns
INDF vs. SPCZ - Drawdown Comparison
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Drawdown Indicators
| INDF | SPCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -4.47% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.50% | — |
Current DrawdownCurrent decline from peak | — | -2.77% | — |
Average DrawdownAverage peak-to-trough decline | — | -0.43% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.32% | — |
Volatility
INDF vs. SPCZ - Volatility Comparison
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Volatility by Period
| INDF | SPCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.19% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 6.25% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 5.12% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 5.12% | — |