SPCK vs. XOVR

Last updated Jun 25, 2026

SPCK (SPAC and New Issue ETF) and XOVR (ERShares 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 actively managed by ERShares. Both are actively managed. Over the past 5 years, SPCK returned -1.63%/yr vs 3.96%/yr for XOVR. At a 0.08 correlation, their price movements are largely independent. SPCK charges 0.95%/yr vs 0.75%/yr for XOVR.

Performance

SPCK vs. XOVR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPAC and New Issue ETF (SPCK) and ERShares Private-Public Crossover ETF (XOVR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPCK achieves a 1.57% return, which is significantly higher than XOVR's -2.09% return.

SPCK

• 1D: 0.69%
• 1M: -1.22%
• YTD: 1.57%
• 6M: 1.36%
• 1Y: 1.04%
• 3Y*: 3.33%
• 5Y*: -1.63%
• 10Y*: —

XOVR

• 1D: 0.56%
• 1M: 0.97%
• YTD: -2.09%
• 6M: -3.85%
• 1Y: 5.57%
• 3Y*: 18.02%
• 5Y*: 3.96%
• 10Y*: —

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

SPCK vs. XOVR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SPCK SPAC and New Issue ETF	1.57%	7.81%	2.84%	-4.10%	-12.25%	9.28%	3.39%
XOVR ERShares Private-Public Crossover ETF	-2.09%	11.83%	33.21%	51.89%	-41.09%	-7.24%	-1.49%

Correlation

The correlation between SPCK and XOVR is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (All Time) Calculated using the full available price history since Dec 16, 2020	0.08

The correlation between SPCK and XOVR shifts across timeframes, from 0.00 (3 years) to 0.13 (1 year), reflecting how their relationship changes across market environments.

SPCK vs. XOVR - Sectors Allocation Comparison

Sectors	SPCK	XOVR
Financial Services	87.1%	9.1%
Healthcare	0.7%	17.1%
Consumer Cyclical	0.0%	6.5%
Basic Materials	-	-
Communication Services	-	26.7%
Consumer Defensive	-	-
Energy	-	3.1%
Industrials	-	7.0%
Real Estate	-	-
Technology	-	33.7%
Utilities	-	-

Return for Risk

SPCK vs. XOVR — Risk / Return Rank

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

SPCK

SPCK Risk / Return Rank: 10
SPCK Sharpe Ratio Rank: 11
SPCK Sortino Ratio Rank: 10
SPCK Omega Ratio Rank: 10
SPCK Calmar Ratio Rank: 11
SPCK Martin Ratio Rank: 11

XOVR

XOVR Risk / Return Rank: 12
XOVR Sharpe Ratio Rank: 12
XOVR Sortino Ratio Rank: 12
XOVR Omega Ratio Rank: 12
XOVR Calmar Ratio Rank: 11
XOVR Martin Ratio Rank: 11

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. XOVR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPAC and New Issue ETF (SPCK) and ERShares 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.

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	XOVR	Difference
Sharpe ratio: Return per unit of total volatility	0.13	0.25	-0.12
Sortino ratio: Return per unit of downside risk	0.23	0.50	-0.27
Omega ratio: Gain probability vs. loss probability	1.03	1.06	-0.03
Calmar ratio: Return relative to maximum drawdown	0.20	0.23	-0.03
Martin ratio: Return relative to average drawdown	0.44	0.50	-0.07

SPCK vs. XOVR - Sharpe Ratio Comparison

The current SPCK Sharpe Ratio is 0.13, which is lower than the XOVR Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of SPCK and XOVR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	SPCK	XOVR	Difference
Max Drawdown Largest peak-to-trough decline	-28.28%	-56.28%	+28.00%
Max Drawdown (1Y) Largest decline over 1 year	-5.24%	-24.32%	+19.08%
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 Drawdown Current decline from peak	-16.91%	-9.17%	-7.74%
Average Drawdown Average peak-to-trough decline	-18.83%	-18.33%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	11.08%	-8.68%

Volatility

SPCK vs. XOVR - Volatility Comparison

The current volatility for SPAC and New Issue ETF (SPCK) is 2.57%, while ERShares Private-Public Crossover ETF (XOVR) has a volatility of 10.68%. 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.

Volatility by Period

	SPCK	XOVR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.57%	10.68%	-8.11%
Volatility (6M) Calculated over the trailing 6-month period	4.37%	17.32%	-12.95%
Volatility (1Y) Calculated over the trailing 1-year period	7.95%	22.10%	-14.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.27%	26.47%	-18.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.23%	26.99%	-17.76%

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 16.23%, 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	16.23%	16.48%	0.69%	2.27%	0.00%	1.28%	0.00%	0.00%	0.00%	0.00%
XOVR ERShares 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

Can I hold both SPCK and XOVR in my portfolio?

SPCK and XOVR have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPCK or XOVR?

XOVR has higher volatility (10.68%) compared to SPCK (2.57%). In terms of maximum drawdown, SPCK dropped -28.28% vs XOVR's -56.28%.

Which ETF is better, SPCK or XOVR?

On 5-year performance, XOVR leads with 3.96% vs -1.63% for SPCK. On fees, XOVR is cheaper at 0.75% per year. On volatility, SPCK has been the lower-risk option at 2.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPCK or XOVR?

Over the 5-year period, XOVR has performed better with a 3.96% return vs -1.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPCK or XOVR?

XOVR is cheaper with a 0.75% expense ratio, compared with 0.95% for SPCK.

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

SPCK has the higher dividend yield at 16.23%, compared with 0.00% for XOVR.

What is the main difference between SPCK and XOVR?

SPCK is categorized as Event Driven, while XOVR is Large Cap Growth Equities. They also come from different issuers: Tuttle Capital Management and ERShares. Their fees differ too: 0.95% for SPCK and 0.75% for XOVR.

Which has better risk-adjusted returns?

XOVR currently has the higher Sharpe Ratio (0.25 vs 0.13), 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.