SPCK vs. AXUP

Last updated Jun 23, 2026

SPCK (SPAC and New Issue ETF) and AXUP (T-Rex 2X Long Axon Daily Target ETF) are both exchange-traded funds - SPCK is a Event Driven fund actively managed by Tuttle Capital Management, while AXUP is a Leveraged Equities fund actively managed by Tuttle Capital Management. Both are actively managed. At a correlation of -0.01, they often move in opposite directions. SPCK charges 0.95%/yr vs 1.50%/yr for AXUP.

Performance

SPCK vs. AXUP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPAC and New Issue ETF (SPCK) and T-Rex 2X Long Axon Daily Target ETF (AXUP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPCK

• 1D: -0.09%
• 1M: -0.83%
• YTD: 1.97%
• 6M: 2.02%
• 1Y: -2.72%
• 3Y*: 3.47%
• 5Y*: -1.53%
• 10Y*: —

AXUP

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

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

SPCK vs. AXUP - Yearly Performance Comparison

	2026 (YTD)	2025
SPCK SPAC and New Issue ETF	1.97%	3.14%
AXUP T-Rex 2X Long Axon Daily Target ETF	-34.20%	-49.67%

Correlation

The correlation between SPCK and AXUP is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 16, 2025	-0.01

Return for Risk

SPCK vs. AXUP — Risk / Return Rank

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

SPCK

SPCK Risk / Return Rank: 5
SPCK Sharpe Ratio Rank: 6
SPCK Sortino Ratio Rank: 6
SPCK Omega Ratio Rank: 5
SPCK Calmar Ratio Rank: 4
SPCK Martin Ratio Rank: 3

AXUP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SPCK vs. AXUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPAC and New Issue ETF (SPCK) and T-Rex 2X Long Axon Daily Target ETF (AXUP). 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.

	SPCK	AXUP	Difference
Sharpe ratio: Return per unit of total volatility	-0.32	—	—
Sortino ratio: Return per unit of downside risk	-0.35	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.52	—	—
Martin ratio: Return relative to average drawdown	-1.13	—	—

Drawdowns

Drawdown Indicators

	SPCK	AXUP	Difference
Max Drawdown Largest peak-to-trough decline	-28.28%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.24%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.59%	—	—
Current Drawdown Current decline from peak	-16.58%	—	—
Average Drawdown Average peak-to-trough decline	-18.83%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.64%	—	—

Volatility

Volatility by Period

	SPCK	AXUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.67%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.25%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.22%	—	—

SPCK vs. AXUP - Expense Ratio Comparison

SPCK has a 0.95% expense ratio, which is lower than AXUP's 1.50% expense ratio.

Dividends

SPCK vs. AXUP - Dividend Comparison

SPCK's dividend yield for the trailing twelve months is around 16.17%, while AXUP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
AXUP T-Rex 2X Long Axon Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPCK SPAC and New Issue ETF	16.17%	16.48%	0.69%	2.27%	0.00%	1.28%

Frequently Asked Questions

Can I hold both SPCK and AXUP in my portfolio?

SPCK and AXUP have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPCK or AXUP?

On fees, SPCK is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPCK or AXUP?

SPCK is cheaper with a 0.95% expense ratio, compared with 1.50% for AXUP.

Which ETF pays a higher dividend yield, SPCK or AXUP?

SPCK has the higher dividend yield at 16.17%, compared with 0.00% for AXUP.

What is the main difference between SPCK and AXUP?

SPCK is categorized as Event Driven, while AXUP is Leveraged Equities. Their fees differ too: 0.95% for SPCK and 1.50% for AXUP.