TRUF vs. SPCZ

Last updated Jun 30, 2026

TRUF (VanEck Financials TruSector ETF) and SPCZ (RiverNorth Enhanced Pre-Merger SPAC ETF) are both Financials Equities funds. At a correlation of -0.24, they often move in opposite directions. TRUF charges 0.10%/yr vs 0.90%/yr for SPCZ.

Performance

TRUF vs. SPCZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Financials TruSector ETF (TRUF) and RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TRUF

• 1D: 0.15%
• 1M: 4.55%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPCZ

• 1D: 0.02%
• 1M: 0.37%
• YTD: 1.92%
• 6M: -0.74%
• 1Y: 5.66%
• 3Y*: 6.51%
• 5Y*: —
• 10Y*: —

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

TRUF vs. SPCZ - Yearly Performance Comparison

	2026 (YTD)
TRUF VanEck Financials TruSector ETF	10.01%
SPCZ RiverNorth Enhanced Pre-Merger SPAC ETF	1.95%

Correlation

The correlation between TRUF and SPCZ is -0.24, 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 (All Time) Calculated using the full available price history since Apr 2, 2026	-0.24

Return for Risk

TRUF vs. SPCZ — Risk / Return Rank

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

TRUF

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

SPCZ

SPCZ Risk / Return Rank: 25
SPCZ Sharpe Ratio Rank: 19
SPCZ Sortino Ratio Rank: 18
SPCZ Omega Ratio Rank: 30
SPCZ Calmar Ratio Rank: 32
SPCZ Martin Ratio Rank: 26

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.

TRUF vs. SPCZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Financials TruSector ETF (TRUF) and RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ). 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.

	TRUF	SPCZ	Difference
Sharpe ratio: Return per unit of total volatility	—	0.61	—
Sortino ratio: Return per unit of downside risk	—	0.95	—
Omega ratio: Gain probability vs. loss probability	—	1.20	—
Calmar ratio: Return relative to maximum drawdown	—	1.49	—
Martin ratio: Return relative to average drawdown	—	3.33	—

Drawdowns

TRUF vs. SPCZ - Drawdown Comparison

The maximum TRUF drawdown since its inception was -3.24%, smaller than the maximum SPCZ drawdown of -4.47%. Use the drawdown chart below to compare losses from any high point for TRUF and SPCZ.

Drawdown Indicators

	TRUF	SPCZ	Difference
Max Drawdown Largest peak-to-trough decline	-3.24%	-4.47%	+1.23%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.82%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.47%	—
Current Drawdown Current decline from peak	-0.74%	-3.39%	+2.65%
Average Drawdown Average peak-to-trough decline	-1.20%	-0.54%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.71%	—

Volatility

Volatility by Period

	TRUF	SPCZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.17%	9.35%	+3.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.17%	6.21%	+6.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.17%	6.21%	+6.96%

TRUF vs. SPCZ - Expense Ratio Comparison

TRUF has a 0.10% expense ratio, which is lower than SPCZ's 0.90% expense ratio.

Dividends

TRUF vs. SPCZ - Dividend Comparison

TRUF has not paid dividends to shareholders, while SPCZ's dividend yield for the trailing twelve months is around 11.83%.

Position	TTM	2025	2024	2023	2022
SPCZ RiverNorth Enhanced Pre-Merger SPAC ETF	11.83%	12.06%	4.24%	5.01%	0.22%
TRUF VanEck Financials TruSector ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRUF and SPCZ in my portfolio?

TRUF and SPCZ have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TRUF or SPCZ?

On fees, TRUF is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRUF or SPCZ?

TRUF is cheaper with a 0.10% expense ratio, compared with 0.90% for SPCZ.

Which ETF pays a higher dividend yield, TRUF or SPCZ?

SPCZ has the higher dividend yield at 11.83%, compared with 0.00% for TRUF.

What is the main difference between TRUF and SPCZ?

They also come from different issuers: VanEck and RiverNorth. Their fees differ too: 0.10% for TRUF and 0.90% for SPCZ.