SPCT vs. WCAP

Last updated Aug 6, 2026

SPCT (Liberty One Spectrum ETF) and WCAP (WarCap Unconstrained Equity ETF) are both Large Cap Blend Equities funds. Both are actively managed. Their 0.33 correlation means their historical movements had little consistent relationship. SPCT charges 0.85%/yr vs 1.00%/yr for WCAP.

Performance

SPCT vs. WCAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Liberty One Spectrum ETF (SPCT) and WarCap Unconstrained Equity ETF (WCAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPCT achieves a 11.62% return, which is significantly higher than WCAP's -4.21% return.

SPCT

• 1D: 0.18%
• 1M: 2.62%
• 6M: 5.72%
• YTD: 11.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

WCAP

• 1D: -0.07%
• 1M: 0.93%
• 6M: 2.04%
• YTD: -4.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SPCT Liberty One Spectrum ETF	$213.16K	$201.08K	$219.16K
WCAP WarCap Unconstrained Equity ETF	$137.97K	$128.11K	$75.52K

SPCT vs. WCAP - Yearly Performance Comparison

	2026 (YTD)	2025
SPCT Liberty One Spectrum ETF	11.62%	1.93%
WCAP WarCap Unconstrained Equity ETF	-4.21%	-1.39%

Correlation

The correlation between SPCT and WCAP is 0.33, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.33

Return for Risk

SPCT vs. WCAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Liberty One Spectrum ETF (SPCT) and WarCap Unconstrained Equity ETF (WCAP). 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.

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

Drawdowns

SPCT vs. WCAP - Drawdown Comparison

The maximum SPCT drawdown since its inception was -7.17%, smaller than the maximum WCAP drawdown of -15.90%. Use the drawdown chart below to compare losses from any high point for SPCT and WCAP.

Drawdown Indicators

	SPCT	WCAP	Difference
Max Drawdown Largest peak-to-trough decline	-7.17%	-15.90%	+8.73%
Current Drawdown Current decline from peak	-0.27%	-7.47%	+7.20%
Average Drawdown Average peak-to-trough decline	-1.43%	-7.23%	+5.80%

Volatility

Volatility by Period

	SPCT	WCAP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	9.34%	16.22%	-6.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.34%	16.22%	-6.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.34%	16.22%	-6.88%

SPCT vs. WCAP - Expense Ratio Comparison

SPCT has a 0.85% expense ratio, which is lower than WCAP's 1.00% expense ratio.

Dividends

SPCT vs. WCAP - Dividend Comparison

SPCT's dividend yield for the trailing twelve months is around 0.76%, more than WCAP's 0.04% yield.

Position	TTM	2025
SPCT Liberty One Spectrum ETF	0.76%	0.16%
WCAP WarCap Unconstrained Equity ETF	0.04%	0.04%

Frequently Asked Questions

Can I hold both SPCT and WCAP in my portfolio?

SPCT and WCAP have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPCT or WCAP?

On fees, SPCT is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPCT or WCAP?

SPCT is cheaper with a 0.85% expense ratio, compared with 1.00% for WCAP.

Which ETF pays a higher dividend yield, SPCT or WCAP?

SPCT has the higher dividend yield at 0.76%, compared with 0.04% for WCAP.

What is the main difference between SPCT and WCAP?

They also come from different issuers: Liberty One and WarCap. Their fees differ too: 0.85% for SPCT and 1.00% for WCAP.