KOOL vs. SPCT

Last updated Aug 2, 2026

KOOL (North Shore Equity Rotation ETF) and SPCT (Liberty One Spectrum ETF) are both Large Cap Blend Equities funds. Both are actively managed. Their 0.42 correlation means their historical movements had little consistent relationship. KOOL charges 0.94%/yr vs 0.85%/yr for SPCT.

Performance

KOOL vs. SPCT - Performance Comparison

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

Returns By Period

In the year-to-date period, KOOL achieves a 12.21% return, which is significantly higher than SPCT's 10.25% return.

KOOL

• 1D: 0.35%
• 1M: 0.22%
• 6M: 8.13%
• YTD: 12.21%
• 1Y: 20.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.08%

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)
KOOL North Shore Equity Rotation ETF	$36.51K	$33.43K	$75.88K
SPCT Liberty One Spectrum ETF	$159.06K	$187.55K	$230.72K

KOOL vs. SPCT - Yearly Performance Comparison

	2026 (YTD)	2025
KOOL North Shore Equity Rotation ETF	12.21%	0.73%
SPCT Liberty One Spectrum ETF	10.25%	1.93%

Correlation

The correlation between KOOL and SPCT is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.42

Return for Risk

KOOL vs. SPCT — Risk / Return Rank

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

KOOL

KOOL Risk / Return Rank: 59
KOOL Sharpe Ratio Rank: 54
KOOL Sortino Ratio Rank: 52
KOOL Omega Ratio Rank: 51
KOOL Calmar Ratio Rank: 73
KOOL Martin Ratio Rank: 68

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.

KOOL vs. SPCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for North Shore Equity Rotation ETF (KOOL) 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.

	KOOL	SPCT	Difference
Sharpe ratio: Return per unit of total volatility	1.31	—	—
Sortino ratio: Return per unit of downside risk	1.86	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	2.59	—	—
Martin ratio: Return relative to average drawdown	8.28	—	—

Drawdowns

KOOL vs. SPCT - Drawdown Comparison

The maximum KOOL drawdown since its inception was -20.46%, which is greater than SPCT's maximum drawdown of -7.17%. Use the drawdown chart below to compare losses from any high point for KOOL and SPCT.

Drawdown Indicators

	KOOL	SPCT	Difference
Max Drawdown Largest peak-to-trough decline	-20.46%	-7.17%	-13.29%
Max Drawdown (1Y) Largest decline over 1 year	-7.18%	—	—
Current Drawdown Current decline from peak	-3.57%	-1.49%	-2.08%
Average Drawdown Average peak-to-trough decline	-2.57%	-1.44%	-1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	—	—

Volatility

Volatility by Period

	KOOL	SPCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.16%	9.38%	+4.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.94%	9.38%	+7.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	9.38%	+7.56%

KOOL vs. SPCT - Expense Ratio Comparison

KOOL has a 0.94% expense ratio, which is higher than SPCT's 0.85% expense ratio.

Dividends

KOOL vs. SPCT - Dividend Comparison

KOOL's dividend yield for the trailing twelve months is around 0.44%, less than SPCT's 0.77% yield.

Position	TTM	2025	2024
KOOL North Shore Equity Rotation ETF	0.44%	0.37%	0.56%
SPCT Liberty One Spectrum ETF	0.77%	0.16%	0.00%

Frequently Asked Questions

Can I hold both KOOL and SPCT in my portfolio?

KOOL and SPCT have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KOOL or SPCT?

On fees, SPCT is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KOOL or SPCT?

SPCT is cheaper with a 0.85% expense ratio, compared with 0.94% for KOOL.

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

SPCT has the higher dividend yield at 0.77%, compared with 0.44% for KOOL.

What is the main difference between KOOL and SPCT?

They also come from different issuers: Split Rock and Liberty One. Their fees differ too: 0.94% for KOOL and 0.85% for SPCT.