VFH vs. SPCZ
Compare and contrast key facts about Vanguard Financials ETF (VFH) and RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ).
VFH and SPCZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VFH is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Financials 25/50 Index. It was launched on Jan 26, 2004. SPCZ is an actively managed fund by RiverNorth. It was launched on Jul 11, 2022.
Performance
VFH vs. SPCZ - Performance Comparison
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VFH vs. SPCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VFH Vanguard Financials ETF | -9.19% | 14.91% | 30.44% | 14.17% | 8.06% |
SPCZ RiverNorth Enhanced Pre-Merger SPAC ETF | -0.03% | 10.19% | 5.31% | 5.93% | 1.95% |
Returns By Period
In the year-to-date period, VFH achieves a -9.19% return, which is significantly lower than SPCZ's -0.03% return.
VFH
- 1D
- 0.02%
- 1M
- -3.54%
- YTD
- -9.19%
- 6M
- -6.32%
- 1Y
- 2.78%
- 3Y*
- 17.95%
- 5Y*
- 9.33%
- 10Y*
- 12.30%
SPCZ
- 1D
- 0.12%
- 1M
- -0.63%
- YTD
- -0.03%
- 6M
- 0.64%
- 1Y
- 8.27%
- 3Y*
- 6.43%
- 5Y*
- —
- 10Y*
- —
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VFH vs. SPCZ - Expense Ratio Comparison
VFH has a 0.10% expense ratio, which is lower than SPCZ's 0.90% expense ratio.
Return for Risk
VFH vs. SPCZ — Risk / Return Rank
VFH
SPCZ
VFH vs. SPCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Financials ETF (VFH) 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.
| VFH | SPCZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.14 | 1.33 | -1.19 |
Sortino ratioReturn per unit of downside risk | 0.32 | 1.99 | -1.66 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.33 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 0.18 | 2.40 | -2.22 |
Martin ratioReturn relative to average drawdown | 0.54 | 6.32 | -5.78 |
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
| VFH | SPCZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 1.33 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 1.23 | -0.99 |
Correlation
The correlation between VFH and SPCZ is 0.09, 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
VFH vs. SPCZ - Dividend Comparison
VFH's dividend yield for the trailing twelve months is around 1.61%, less than SPCZ's 12.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFH Vanguard Financials ETF | 1.61% | 1.55% | 1.75% | 2.08% | 2.31% | 1.87% | 2.21% | 2.17% | 2.30% | 1.53% | 1.63% | 2.00% |
SPCZ RiverNorth Enhanced Pre-Merger SPAC ETF | 12.06% | 12.06% | 4.24% | 5.01% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VFH vs. SPCZ - Drawdown Comparison
The maximum VFH drawdown since its inception was -78.61%, which is greater than SPCZ's maximum drawdown of -4.47%. Use the drawdown chart below to compare losses from any high point for VFH and SPCZ.
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Drawdown Indicators
| VFH | SPCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.61% | -4.47% | -74.14% |
Max Drawdown (1Y)Largest decline over 1 year | -14.75% | -3.50% | -11.25% |
Max Drawdown (5Y)Largest decline over 5 years | -25.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.42% | — | — |
Current DrawdownCurrent decline from peak | -11.95% | -2.65% | -9.30% |
Average DrawdownAverage peak-to-trough decline | -18.62% | -0.44% | -18.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | 1.33% | +3.66% |
Volatility
VFH vs. SPCZ - Volatility Comparison
Vanguard Financials ETF (VFH) has a higher volatility of 4.85% compared to RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) at 1.22%. This indicates that VFH's price experiences larger fluctuations and is considered to be riskier than SPCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFH | SPCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 1.22% | +3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 4.18% | +7.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.93% | 6.25% | +13.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.37% | 5.12% | +14.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.55% | 5.12% | +17.43% |