SPCX vs. SPY
Compare and contrast key facts about SPAC and New Issue ETF (SPCX) and SPDR S&P 500 ETF (SPY).
SPCX and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPCX or SPY.
Correlation
The correlation between SPCX and SPY 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.
Performance
SPCX vs. SPY - Performance Comparison
Key characteristics
SPCX:
0.36
SPY:
1.46
SPCX:
0.60
SPY:
1.99
SPCX:
1.09
SPY:
1.27
SPCX:
0.12
SPY:
2.23
SPCX:
2.88
SPY:
9.00
SPCX:
1.18%
SPY:
2.08%
SPCX:
9.54%
SPY:
12.83%
SPCX:
-28.28%
SPY:
-55.19%
SPCX:
-23.33%
SPY:
-3.06%
Returns By Period
In the year-to-date period, SPCX achieves a 1.03% return, which is significantly lower than SPY's 1.38% return.
SPCX
1.03%
0.48%
1.64%
3.49%
N/A
N/A
SPY
1.38%
-1.79%
6.09%
17.34%
15.76%
12.94%
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SPCX vs. SPY - Expense Ratio Comparison
SPCX has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SPCX vs. SPY — Risk-Adjusted Performance Rank
SPCX
SPY
SPCX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPAC and New Issue ETF (SPCX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
SPCX vs. SPY - Dividend Comparison
SPCX's dividend yield for the trailing twelve months is around 0.69%, less than SPY's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPCX SPAC and New Issue ETF | 0.69% | 0.69% | 2.27% | 0.00% | 1.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SPCX vs. SPY - Drawdown Comparison
The maximum SPCX drawdown since its inception was -28.28%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPCX and SPY. For additional features, visit the drawdowns tool.
Volatility
SPCX vs. SPY - Volatility Comparison
The current volatility for SPAC and New Issue ETF (SPCX) is 2.27%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.69%. This indicates that SPCX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.