SPAQ vs. MEDI
Compare and contrast key facts about Horizon Kinetics SPAC Active ETF (SPAQ) and Harbor Health Care ETF (MEDI).
SPAQ and MEDI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPAQ is an actively managed fund by Horizon. It was launched on Jun 29, 2007. MEDI is an actively managed fund by Harbor. It was launched on Nov 16, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPAQ or MEDI.
Key characteristics
| SPAQ | MEDI | |
|---|---|---|
| YTD Return | 2.02% | 13.09% |
| 1Y Return | 3.35% | 25.02% |
| Sharpe Ratio | 0.48 | 1.55 |
| Daily Std Dev | 6.67% | 15.64% |
| Max Drawdown | -4.05% | -9.16% |
| Current Drawdown | -0.33% | 0.00% |
Correlation
The correlation between SPAQ and MEDI is 0.07, 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.
Performance
SPAQ vs. MEDI - Performance Comparison
In the year-to-date period, SPAQ achieves a 2.02% return, which is significantly lower than MEDI's 13.09% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPAQ vs. MEDI - Expense Ratio Comparison
SPAQ has a 0.85% expense ratio, which is higher than MEDI's 0.80% expense ratio.
Risk-Adjusted Performance
SPAQ vs. MEDI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics SPAC Active ETF (SPAQ) and Harbor Health Care ETF (MEDI). 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.
Dividends
SPAQ vs. MEDI - Dividend Comparison
SPAQ's dividend yield for the trailing twelve months is around 2.55%, more than MEDI's 0.58% yield.
| TTM | 2023 | |
|---|---|---|
SPAQ Horizon Kinetics SPAC Active ETF | 2.55% | 2.60% |
MEDI Harbor Health Care ETF | 0.58% | 0.66% |
Drawdowns
SPAQ vs. MEDI - Drawdown Comparison
The maximum SPAQ drawdown since its inception was -4.05%, smaller than the maximum MEDI drawdown of -9.16%. Use the drawdown chart below to compare losses from any high point for SPAQ and MEDI. For additional features, visit the drawdowns tool.
Volatility
SPAQ vs. MEDI - Volatility Comparison
The current volatility for Horizon Kinetics SPAC Active ETF (SPAQ) is 1.45%, while Harbor Health Care ETF (MEDI) has a volatility of 4.78%. This indicates that SPAQ experiences smaller price fluctuations and is considered to be less risky than MEDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.