NSI vs. SPCI

Last updated Jun 4, 2026

NSI (National Security Emerging Markets Index ETF) and SPCI (Tuttle Capital Space Industry Income Blast ETF) are both exchange-traded funds - NSI is a Emerging Markets Diversified fund tracking the Alerian National Security Emerging Markets Index, while SPCI is a Derivative Income fund tracking the Syntax Space Industry Index. Both are passively managed. At a 0.44 correlation, their price movements are largely independent. NSI charges 1.00%/yr vs 0.99%/yr for SPCI.

Performance

NSI vs. SPCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in National Security Emerging Markets Index ETF (NSI) and Tuttle Capital Space Industry Income Blast ETF (SPCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NSI

• 1D: -1.59%
• 1M: 3.72%
• YTD: 17.45%
• 6M: 19.18%
• 1Y: 42.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPCI

• 1D: -11.48%
• 1M: 28.39%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NSI vs. SPCI - Yearly Performance Comparison

	2026 (YTD)
NSI National Security Emerging Markets Index ETF	12.27%
SPCI Tuttle Capital Space Industry Income Blast ETF	74.56%

Correlation

The correlation between NSI and SPCI is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 13, 2026	0.44

Return for Risk

NSI vs. SPCI — Risk / Return Rank

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

NSI

NSI Risk / Return Rank: 67
NSI Sharpe Ratio Rank: 71
NSI Sortino Ratio Rank: 68
NSI Omega Ratio Rank: 68
NSI Calmar Ratio Rank: 63
NSI Martin Ratio Rank: 64

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.

NSI vs. SPCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for National Security Emerging Markets Index ETF (NSI) and Tuttle Capital Space Industry Income Blast ETF (SPCI). 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.

	NSI	SPCI	Difference
Sharpe ratio: Return per unit of total volatility	2.31	—	—
Sortino ratio: Return per unit of downside risk	3.11	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	3.12	—	—
Martin ratio: Return relative to average drawdown	11.55	—	—
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

	NSI	SPCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	11.33	-10.10

Drawdowns

NSI vs. SPCI - Drawdown Comparison

The maximum NSI drawdown since its inception was -18.77%, smaller than the maximum SPCI drawdown of -21.33%. Use the drawdown chart below to compare losses from any high point for NSI and SPCI.

Drawdown Indicators

	NSI	SPCI	Difference
Max Drawdown Largest peak-to-trough decline	-18.77%	-21.33%	+2.56%
Max Drawdown (1Y) Largest decline over 1 year	-13.66%	—	—
Current Drawdown Current decline from peak	-1.59%	-21.33%	+19.74%
Average Drawdown Average peak-to-trough decline	-3.65%	-5.00%	+1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	—	—

Volatility

Volatility by Period

	NSI	SPCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.60%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.51%	95.59%	-77.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.22%	95.59%	-77.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.22%	95.59%	-77.37%

NSI vs. SPCI - Expense Ratio Comparison

NSI has a 1.00% expense ratio, which is higher than SPCI's 0.99% expense ratio.

Dividends

NSI vs. SPCI - Dividend Comparison

NSI's dividend yield for the trailing twelve months is around 1.17%, less than SPCI's 5.12% yield.

Position	TTM	2025	2024	2023
NSI National Security Emerging Markets Index ETF	1.17%	1.69%	3.39%	0.34%
SPCI Tuttle Capital Space Industry Income Blast ETF	5.12%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NSI and SPCI in my portfolio?

NSI and SPCI have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NSI or SPCI?

On fees, SPCI is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NSI or SPCI?

SPCI is cheaper with a 0.99% expense ratio, compared with 1.00% for NSI.

Which ETF pays a higher dividend yield, NSI or SPCI?

SPCI has the higher dividend yield at 5.12%, compared with 1.17% for NSI.

What is the main difference between NSI and SPCI?

NSI is categorized as Emerging Markets Diversified, while SPCI is Derivative Income. NSI tracks Alerian National Security Emerging Markets Index, while SPCI tracks Syntax Space Industry Index. Their fees differ too: 1.00% for NSI and 0.99% for SPCI.