SPCK vs. IBTG
SPCK (SPAC and New Issue ETF) and IBTG (iShares iBonds Dec 2026 Term Treasury ETF) are both exchange-traded funds - SPCK is a Event Driven fund actively managed by Tuttle Capital Management, while IBTG is a Government Bonds fund tracking the ICE 2026 Maturity US Treasury Index. SPCK is actively managed, while IBTG is passively managed. Over the past 5 years, SPCK returned -1.74%/yr vs 0.91%/yr for IBTG. At a 0.04 correlation, their price movements are largely independent. SPCK charges 0.95%/yr vs 0.07%/yr for IBTG.
Performance
SPCK vs. IBTG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPCK achieves a 0.87% return, which is significantly lower than IBTG's 1.62% return.
SPCK
- 1D
- -1.08%
- 1M
- -1.90%
- YTD
- 0.87%
- 6M
- 0.77%
- 1Y
- -0.12%
- 3Y*
- 3.09%
- 5Y*
- -1.74%
- 10Y*
- —
IBTG
- 1D
- 0.02%
- 1M
- 0.23%
- YTD
- 1.62%
- 6M
- 1.66%
- 1Y
- 3.96%
- 3Y*
- 4.28%
- 5Y*
- 0.91%
- 10Y*
- —
SPCK vs. IBTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPCK SPAC and New Issue ETF | 0.87% | 7.81% | 2.84% | -4.10% | -12.25% | 9.28% | 3.39% |
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 1.62% | 4.40% | 3.97% | 4.34% | -8.18% | -3.04% | 0.11% |
Correlation
The correlation between SPCK and IBTG is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2020 | 0.04 |
The correlation between SPCK and IBTG shifts across timeframes, from -0.18 (1 year) to 0.05 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPCK vs. IBTG — Risk / Return Rank
SPCK
IBTG
SPCK vs. IBTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPAC and New Issue ETF (SPCK) and iShares iBonds Dec 2026 Term Treasury ETF (IBTG). 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 | IBTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.91 | ||
| Sortino ratioReturn per unit of downside risk | -19.45 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 4.25 | -3.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 60.79 | -60.82 |
| Martin ratioReturn relative to average drawdown | -0.05 | 246.24 | -246.29 |
Loading charts...
Drawdowns
SPCK vs. IBTG - Drawdown Comparison
The maximum SPCK drawdown since its inception was -28.28%, which is greater than IBTG's maximum drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for SPCK and IBTG.
Loading charts...
Drawdown Indicators
| SPCK | IBTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.28% | -13.62% | -14.66% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -0.07% | -5.17% |
Max Drawdown (3Y)Largest decline over 3 years | -7.72% | -1.11% | -6.61% |
Max Drawdown (5Y)Largest decline over 5 years | -20.59% | -12.31% | -8.28% |
Current DrawdownCurrent decline from peak | -17.48% | 0.00% | -17.48% |
Average DrawdownAverage peak-to-trough decline | -18.83% | -4.85% | -13.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 0.02% | +2.38% |
Volatility
SPCK vs. IBTG - Volatility Comparison
SPAC and New Issue ETF (SPCK) has a higher volatility of 2.51% compared to iShares iBonds Dec 2026 Term Treasury ETF (IBTG) at 0.12%. This indicates that SPCK's price experiences larger fluctuations and is considered to be riskier than IBTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPCK | IBTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 0.12% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 4.32% | 0.30% | +4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.72% | 0.50% | +8.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.27% | 3.25% | +5.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.23% | 3.44% | +5.79% |
SPCK vs. IBTG - Expense Ratio Comparison
SPCK has a 0.95% expense ratio, which is higher than IBTG's 0.07% expense ratio.
Dividends
SPCK vs. IBTG - Dividend Comparison
SPCK's dividend yield for the trailing twelve months is around 16.34%, more than IBTG's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 3.95% | 4.03% | 4.08% | 3.61% | 2.06% | 0.66% | 0.53% |
SPCK SPAC and New Issue ETF | 16.34% | 16.48% | 0.69% | 2.27% | 0.00% | 1.28% | 0.00% |
Frequently Asked Questions
SPCK and IBTG have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPCK has higher volatility (2.51%) compared to IBTG (0.12%). In terms of maximum drawdown, SPCK dropped -28.28% vs IBTG's -13.62%.
On 5-year performance, IBTG leads with 0.91% vs -1.74% for SPCK. On fees, IBTG is cheaper at 0.07% per year. On volatility, IBTG has been the lower-risk option at 0.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IBTG has performed better with a 0.91% return vs -1.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTG is cheaper with a 0.07% expense ratio, compared with 0.95% for SPCK.
SPCK has the higher dividend yield at 16.34%, compared with 3.95% for IBTG.
SPCK is categorized as Event Driven, while IBTG is Government Bonds. They also come from different issuers: Tuttle Capital Management and iShares. Their fees differ too: 0.95% for SPCK and 0.07% for IBTG.
IBTG currently has the higher Sharpe Ratio (7.90 vs -0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for SPCK and IBTG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer