SPCZ vs. IBIG
SPCZ (RiverNorth Enhanced Pre-Merger SPAC ETF) and IBIG (iShares iBonds Oct 2030 Term TIPS ETF) are both exchange-traded funds - SPCZ is a Financials Equities fund actively managed by RiverNorth, while IBIG is a Inflation-Protected Bonds fund tracking the ICE 2030 Maturity US Inflation-Linked Treasury Index. SPCZ is actively managed, while IBIG is passively managed. Over the past year, SPCZ returned 4.96% vs 5.02% for IBIG. At a correlation of -0.02, they often move in opposite directions. SPCZ charges 0.90%/yr vs 0.10%/yr for IBIG.
Performance
SPCZ vs. IBIG - Performance Comparison
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Returns By Period
In the year-to-date period, SPCZ achieves a 1.51% return, which is significantly lower than IBIG's 1.64% return.
SPCZ
- 1D
- 0.37%
- 1M
- 0.92%
- YTD
- 1.51%
- 6M
- 1.61%
- 1Y
- 4.96%
- 3Y*
- 6.50%
- 5Y*
- —
- 10Y*
- —
IBIG
- 1D
- -0.09%
- 1M
- -0.37%
- YTD
- 1.64%
- 6M
- 1.42%
- 1Y
- 5.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPCZ vs. IBIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPCZ RiverNorth Enhanced Pre-Merger SPAC ETF | 1.51% | 10.19% | 5.31% | 0.29% |
IBIG iShares iBonds Oct 2030 Term TIPS ETF | 1.64% | 7.90% | 2.60% | 4.26% |
Correlation
The correlation between SPCZ and IBIG is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023 | -0.02 |
The correlation between SPCZ and IBIG shifts across timeframes, from -0.12 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPCZ vs. IBIG — Risk / Return Rank
SPCZ
IBIG
SPCZ vs. IBIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) and iShares iBonds Oct 2030 Term TIPS ETF (IBIG). 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.
| SPCZ | IBIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.36 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 3.74 | -2.44 |
| Martin ratioReturn relative to average drawdown | 3.12 | 12.68 | -9.55 |
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
| SPCZ | IBIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 1.93 | -1.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 1.43 | -0.29 |
Drawdowns
SPCZ vs. IBIG - Drawdown Comparison
The maximum SPCZ drawdown since its inception was -4.47%, which is greater than IBIG's maximum drawdown of -3.21%. Use the drawdown chart below to compare losses from any high point for SPCZ and IBIG.
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Drawdown Indicators
| SPCZ | IBIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.47% | -3.21% | -1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.82% | -1.35% | -2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | — | — |
Current DrawdownCurrent decline from peak | -1.54% | -0.43% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -0.51% | -0.77% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 0.40% | +1.19% |
Volatility
SPCZ vs. IBIG - Volatility Comparison
RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) and iShares iBonds Oct 2030 Term TIPS ETF (IBIG) have volatilities of 0.64% and 0.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPCZ | IBIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 0.62% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 6.29% | 1.70% | +4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.78% | 2.62% | +5.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.59% | 4.29% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.59% | 4.29% | +1.30% |
SPCZ vs. IBIG - Expense Ratio Comparison
SPCZ has a 0.90% expense ratio, which is higher than IBIG's 0.10% expense ratio.
Dividends
SPCZ vs. IBIG - Dividend Comparison
SPCZ's dividend yield for the trailing twelve months is around 11.88%, more than IBIG's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBIG iShares iBonds Oct 2030 Term TIPS ETF | 3.89% | 4.70% | 4.15% | 0.78% | 0.00% |
SPCZ RiverNorth Enhanced Pre-Merger SPAC ETF | 11.88% | 12.06% | 4.24% | 5.01% | 0.22% |
Frequently Asked Questions
SPCZ and IBIG have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPCZ has higher volatility (0.64%) compared to IBIG (0.62%). In terms of maximum drawdown, SPCZ dropped -4.47% vs IBIG's -3.21%.
On 1-year performance, IBIG leads with 5.02% vs 4.96% for SPCZ. On fees, IBIG is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIG has performed better with a 5.02% return vs 4.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIG is cheaper with a 0.10% expense ratio, compared with 0.90% for SPCZ.
SPCZ has the higher dividend yield at 11.88%, compared with 3.89% for IBIG.
SPCZ is categorized as Financials Equities, while IBIG is Inflation-Protected Bonds. They also come from different issuers: RiverNorth and iShares. Their fees differ too: 0.90% for SPCZ and 0.10% for IBIG.
IBIG currently has the higher Sharpe Ratio (1.93 vs 0.64), 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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