SPCK vs. XOVR
SPCK (SPAC and New Issue ETF) and XOVR (ERShares Entrepreneur Private-Public Crossover ETF) are both exchange-traded funds - SPCK is a Event Driven fund actively managed by Tuttle Capital Management, while XOVR is a Large Cap Growth Equities fund tracking the ER30TR Index. SPCK is actively managed, while XOVR is passively managed. Over the past 5 years, SPCK returned -0.95%/yr vs 6.16%/yr for XOVR. At a 0.07 correlation, their price movements are largely independent. SPCK charges 0.95%/yr vs 0.75%/yr for XOVR.
Performance
SPCK vs. XOVR - Performance Comparison
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Returns By Period
In the year-to-date period, SPCK achieves a 2.66% return, which is significantly higher than XOVR's -0.35% return.
SPCK
- 1D
- 0.22%
- 1M
- 1.34%
- YTD
- 2.66%
- 6M
- 2.51%
- 1Y
- 2.37%
- 3Y*
- 4.02%
- 5Y*
- -0.95%
- 10Y*
- —
XOVR
- 1D
- -1.67%
- 1M
- 6.93%
- YTD
- -0.35%
- 6M
- 0.55%
- 1Y
- 10.88%
- 3Y*
- 19.21%
- 5Y*
- 6.16%
- 10Y*
- —
SPCK vs. XOVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPCK SPAC and New Issue ETF | 2.66% | 7.81% | 2.84% | -4.10% | -12.25% | 9.28% | 3.00% |
XOVR ERShares Entrepreneur Private-Public Crossover ETF | -0.35% | 11.83% | 33.21% | 51.89% | -41.09% | -7.24% | -2.26% |
Correlation
The correlation between SPCK and XOVR is 0.03, 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 (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2020 | 0.07 |
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Return for Risk
SPCK vs. XOVR — Risk / Return Rank
SPCK
XOVR
SPCK vs. XOVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPAC and New Issue ETF (SPCK) and ERShares Entrepreneur Private-Public Crossover ETF (XOVR). 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.
| SPCK | XOVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.11 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 0.45 | -0.14 |
| Martin ratioReturn relative to average drawdown | 0.52 | 1.00 | -0.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPCK | XOVR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.55 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.24 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.39 | -0.24 |
Drawdowns
SPCK vs. XOVR - Drawdown Comparison
The maximum SPCK drawdown since its inception was -28.28%, smaller than the maximum XOVR drawdown of -56.28%. Use the drawdown chart below to compare losses from any high point for SPCK and XOVR.
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Drawdown Indicators
| SPCK | XOVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.28% | -56.28% | +28.00% |
Max Drawdown (1Y)Largest decline over 1 year | -7.72% | -24.32% | +16.60% |
Max Drawdown (3Y)Largest decline over 3 years | -7.72% | -25.23% | +17.51% |
Max Drawdown (5Y)Largest decline over 5 years | -20.59% | -49.35% | +28.76% |
Current DrawdownCurrent decline from peak | -16.01% | -7.55% | -8.46% |
Average DrawdownAverage peak-to-trough decline | -18.86% | -18.41% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 10.94% | -6.34% |
Volatility
SPCK vs. XOVR - Volatility Comparison
The current volatility for SPAC and New Issue ETF (SPCK) is 2.52%, while ERShares Entrepreneur Private-Public Crossover ETF (XOVR) has a volatility of 4.20%. This indicates that SPCK experiences smaller price fluctuations and is considered to be less risky than XOVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPCK | XOVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 4.20% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 3.91% | 14.81% | -10.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.10% | 20.00% | -10.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.23% | 26.15% | -17.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.23% | 26.87% | -17.64% |
SPCK vs. XOVR - Expense Ratio Comparison
SPCK has a 0.95% expense ratio, which is higher than XOVR's 0.75% expense ratio.
Dividends
SPCK vs. XOVR - Dividend Comparison
SPCK's dividend yield for the trailing twelve months is around 16.06%, while XOVR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SPCK SPAC and New Issue ETF | 16.06% | 16.48% | 0.69% | 2.27% | 0.00% | 1.28% | 0.00% | 0.00% | 0.00% | 0.00% |
XOVR ERShares Entrepreneur Private-Public Crossover ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 57.75% | 6.31% | 0.08% | 3.71% | 0.08% |
Frequently Asked Questions
SPCK and XOVR have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XOVR has higher volatility (4.20%) compared to SPCK (2.52%). In terms of maximum drawdown, SPCK dropped -28.28% vs XOVR's -56.28%.
On 5-year performance, XOVR leads with 6.16% vs -0.95% for SPCK. On fees, XOVR is cheaper at 0.75% per year. On volatility, SPCK has been the lower-risk option at 2.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XOVR has performed better with a 6.16% return vs -0.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XOVR is cheaper with a 0.75% expense ratio, compared with 0.95% for SPCK.
SPCK has the higher dividend yield at 16.06%, compared with 0.00% for XOVR.
SPCK is categorized as Event Driven, while XOVR is Large Cap Growth Equities. They also come from different issuers: Tuttle Capital Management and EntrepreneurShares. Their fees differ too: 0.95% for SPCK and 0.75% for XOVR.
XOVR currently has the higher Sharpe Ratio (0.55 vs 0.26), 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.
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