SPCK vs. BITK
SPCK (SPAC and New Issue ETF) and BITK (Tuttle Capital Bitcoin 0DTE Covered Call ETF) are both exchange-traded funds - SPCK is a Event Driven fund actively managed by Tuttle Capital Management, while BITK is a Derivative Income fund actively managed by Tuttle Capital Management. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. SPCK charges 0.95%/yr vs 0.99%/yr for BITK.
Performance
SPCK vs. BITK - Performance Comparison
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Returns By Period
In the year-to-date period, SPCK achieves a 1.97% return, which is significantly higher than BITK's -29.86% return.
SPCK
- 1D
- -0.09%
- 1M
- -0.83%
- YTD
- 1.97%
- 6M
- 2.02%
- 1Y
- -2.72%
- 3Y*
- 3.47%
- 5Y*
- -1.53%
- 10Y*
- —
BITK
- 1D
- 2.34%
- 1M
- -15.53%
- YTD
- -29.86%
- 6M
- -30.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPCK vs. BITK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPCK SPAC and New Issue ETF | 1.97% | 0.63% |
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF | -29.86% | -27.15% |
Correlation
The correlation between SPCK and BITK is 0.14, 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 Sep 24, 2025 | 0.14 |
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Return for Risk
SPCK vs. BITK — Risk / Return Rank
SPCK
BITK
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPCK vs. BITK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPAC and New Issue ETF (SPCK) and Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK). 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 | BITK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.94 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | — | — |
| Martin ratioReturn relative to average drawdown | -1.13 | — | — |
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Drawdowns
SPCK vs. BITK - Drawdown Comparison
The maximum SPCK drawdown since its inception was -28.28%, smaller than the maximum BITK drawdown of -56.28%. Use the drawdown chart below to compare losses from any high point for SPCK and BITK.
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Drawdown Indicators
| SPCK | BITK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.28% | -56.28% | +28.00% |
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 DrawdownCurrent decline from peak | -16.58% | -53.41% | +36.83% |
Average DrawdownAverage peak-to-trough decline | -18.83% | -35.91% | +17.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.64% | — | — |
Volatility
SPCK vs. BITK - Volatility Comparison
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Volatility by Period
| SPCK | BITK | 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% | 49.33% | -40.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.25% | 49.33% | -41.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.22% | 49.33% | -40.11% |
SPCK vs. BITK - Expense Ratio Comparison
SPCK has a 0.95% expense ratio, which is lower than BITK's 0.99% expense ratio.
Dividends
SPCK vs. BITK - Dividend Comparison
SPCK's dividend yield for the trailing twelve months is around 16.17%, less than BITK's 47.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF | 47.31% | 23.15% | 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
SPCK and BITK have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SPCK is cheaper with a 0.95% expense ratio, compared with 0.99% for BITK.
BITK has the higher dividend yield at 47.31%, compared with 16.17% for SPCK.
SPCK is categorized as Event Driven, while BITK is Derivative Income. Their fees differ too: 0.95% for SPCK and 0.99% for BITK.
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