TOPC vs. SPCT
TOPC (iShares S&P 500 3% Capped ETF) and SPCT (Liberty One Spectrum ETF) are both Large Cap Blend Equities funds. TOPC is passively managed, while SPCT is actively managed. A 0.54 correlation means they provide meaningful diversification when combined. TOPC charges 0.09%/yr vs 0.85%/yr for SPCT.
Performance
TOPC vs. SPCT - Performance Comparison
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Returns By Period
In the year-to-date period, TOPC achieves a 9.97% return, which is significantly higher than SPCT's 9.02% return.
TOPC
- 1D
- -0.41%
- 1M
- -1.19%
- 6M
- 7.64%
- YTD
- 9.97%
- 1Y
- 19.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 29.40%
SPCT
- 1D
- -0.45%
- 1M
- 1.75%
- 6M
- 5.95%
- YTD
- 9.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TOPC vs. SPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOPC iShares S&P 500 3% Capped ETF | 9.97% | 2.63% |
SPCT Liberty One Spectrum ETF | 9.02% | 1.93% |
Correlation
The correlation between TOPC and SPCT is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025 | 0.54 |
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Return for Risk
TOPC vs. SPCT — Risk / Return Rank
TOPC
SPCT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TOPC vs. SPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 3% Capped ETF (TOPC) and Liberty One Spectrum ETF (SPCT). 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.
| TOPC | SPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | — | — |
| Martin ratioReturn relative to average drawdown | 10.82 | — | — |
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Drawdowns
TOPC vs. SPCT - Drawdown Comparison
The maximum TOPC drawdown since its inception was -8.04%, which is greater than SPCT's maximum drawdown of -7.17%. Use the drawdown chart below to compare losses from any high point for TOPC and SPCT.
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Drawdown Indicators
| TOPC | SPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.04% | -7.17% | -0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.04% | — | — |
Current DrawdownCurrent decline from peak | -2.21% | -0.82% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -0.95% | -1.48% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | — | — |
Volatility
TOPC vs. SPCT - Volatility Comparison
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Volatility by Period
| TOPC | SPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 9.26% | +2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.41% | 9.26% | +3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.41% | 9.26% | +3.15% |
TOPC vs. SPCT - Expense Ratio Comparison
TOPC has a 0.09% expense ratio, which is lower than SPCT's 0.85% expense ratio.
Dividends
TOPC vs. SPCT - Dividend Comparison
TOPC's dividend yield for the trailing twelve months is around 1.06%, more than SPCT's 0.78% yield.
| Position | TTM | 2025 |
|---|---|---|
SPCT Liberty One Spectrum ETF | 0.78% | 0.16% |
TOPC iShares S&P 500 3% Capped ETF | 1.06% | 0.80% |
Frequently Asked Questions
TOPC and SPCT have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TOPC is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TOPC is cheaper with a 0.09% expense ratio, compared with 0.85% for SPCT.
TOPC has the higher dividend yield at 1.06%, compared with 0.78% for SPCT.
They also come from different issuers: iShares and Liberty One. Their fees differ too: 0.09% for TOPC and 0.85% for SPCT.
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