SPCX vs. SGVT

Last updated Apr 1, 2026

Compare and contrast key facts about SPAC and New Issue ETF (SPCX) and Schwab Government Money Market ETF (SGVT).

SPCX and SGVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPCX is an actively managed fund by Tuttle Tactical Management, LLC. It was launched on Dec 16, 2020. SGVT is an actively managed fund by Charles Schwab. It was launched on Jun 12, 2025.

Performance

SPCX vs. SGVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPAC and New Issue ETF (SPCX) and Schwab Government Money Market ETF (SGVT). The values are adjusted to include any dividend payments, if applicable.

SPCX vs. SGVT - Yearly Performance Comparison

	2026 (YTD)	2025
SPCX SPAC and New Issue ETF	0.73%	-0.44%
SGVT Schwab Government Money Market ETF	0.81%	2.22%

Returns By Period

In the year-to-date period, SPCX achieves a 0.73% return, which is significantly lower than SGVT's 0.81% return.

SPCX

• 1D: 0.45%
• 1M: 0.34%
• YTD: 0.73%
• 6M: 2.32%
• 1Y: 6.40%
• 3Y*: 3.29%
• 5Y*: -1.42%
• 10Y*: —

SGVT

• 1D: 0.01%
• 1M: 0.27%
• YTD: 0.81%
• 6M: 1.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPCX vs. SGVT - Expense Ratio Comparison

SPCX has a 0.95% expense ratio, which is higher than SGVT's 0.28% expense ratio.

SPCX

SPAC and New Issue ETF

SGVT

Schwab Government Money Market ETF

Return for Risk

SPCX vs. SGVT — Risk / Return Rank

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

SPCX

SPCX Risk / Return Rank: 31
SPCX Sharpe Ratio Rank: 35
SPCX Sortino Ratio Rank: 31
SPCX Omega Ratio Rank: 34
SPCX Calmar Ratio Rank: 33
SPCX Martin Ratio Rank: 22

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.

SPCX vs. SGVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPAC and New Issue ETF (SPCX) and Schwab Government Money Market ETF (SGVT). 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.

	SPCX	SGVT	Difference
Sharpe ratio Return per unit of total volatility	0.63	—	—
Sortino ratio Return per unit of downside risk	0.91	—	—
Omega ratio Gain probability vs. loss probability	1.14	—	—
Calmar ratio Return relative to maximum drawdown	0.81	—	—
Martin ratio Return relative to average drawdown	1.42	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SPCX	SGVT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.63	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	18.85	-18.73

Correlation

The correlation between SPCX and SGVT is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SPCX vs. SGVT - Dividend Comparison

SPCX's dividend yield for the trailing twelve months is around 16.37%, more than SGVT's 2.30% yield.

	TTM	2025	2024	2023	2022	2021
SPCX SPAC and New Issue ETF	16.37%	16.48%	0.69%	2.27%	0.00%	1.28%
SGVT Schwab Government Money Market ETF	2.30%	1.73%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SPCX vs. SGVT - Drawdown Comparison

The maximum SPCX drawdown since its inception was -28.28%, which is greater than SGVT's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for SPCX and SGVT.

Drawdown Indicators

	SPCX	SGVT	Difference
Max Drawdown Largest peak-to-trough decline	-28.28%	-0.03%	-28.25%
Max Drawdown (1Y) Largest decline over 1 year	-7.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.59%	—	—
Current Drawdown Current decline from peak	-17.59%	0.00%	-17.59%
Average Drawdown Average peak-to-trough decline	-18.92%	0.00%	-18.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.39%	—	—

Volatility

Volatility by Period

	SPCX	SGVT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.38%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.15%	0.21%	+9.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.16%	0.21%	+7.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.30%	0.21%	+9.09%