SPAK vs. SPXZ ETF Comparison

Comparison of Defiance Next Gen SPAC Derived ETF (SPAK) to Morgan Creek - Exos SPAC Originated ETF (SPXZ)
SPAK

Defiance Next Gen SPAC Derived ETF

SPAK Description

Picking the winners of individual SPACs can be very difficult, however the ETF structure allows investors to access the most liquid SPAC IPOs in a diversified basket. SPAK allows both financial advisors and retail investors to participate in an IPO private equity style of investing which is usually only available to large financial institutions. The ETF currently has 29 holdings, rebalanced on a quarterly basis. An 80% weighting is applied to IPO companies derived from SPACs and 20% is allocated to common stock of newly listed Special Purpose Acquisition Companies ("SPACs"), ex-warrants. Newly IPO companies derived from SPACs will be screened monthly and SPACs quarterly.

Grade (RS Rating)

Last Trade

$24.14

Average Daily Volume

122,893

Number of Holdings *

75

* may have additional holdings in another (foreign) market
SPXZ

Morgan Creek - Exos SPAC Originated ETF

SPXZ Description SPXZ seeks to provide investors with liquid and transparent exposure to an actively managed portfolio of the “companies of the future” being launched via SPACs with the ultimate objective of seeking capital appreciation. • SPXZ seeks to provide a broad exposure to a cross-section of these companies, by targeting the largest 50 pre- and post-combination SPACs as measured by market capitalization. • SPXZ is actively managed with the goal of limiting exposure to poor performance companies. • SPXZ targets equal dollar weights of a portfolio of companies so no one company can have an outside effect on risk and return.

Grade (RS Rating)

Last Trade

$18.63

Average Daily Volume

39,618

Number of Holdings *

28

* may have additional holdings in another (foreign) market
Performance
SPAK SPXZ
30 Days -11.25% -14.25%
60 Days -11.09% -13.98%
90 Days -27.72% -29.48%
12 Months
26 Overlapping Holdings
Grade Symbol Weight in SPAK Weight in SPXZ Overlap
F AACQ 0.53% 0.72% 0.53%
F AHCO 0.7% 1.29% 0.7%
F APXT 0.28% 0.64% 0.28%
C BRMK 0.71% 1.72% 0.71%
F CCIV 3.33% 0.57% 0.57%
F CCX 0.48% 0.69% 0.48%
F DGNR 0.52% 0.74% 0.52%
D DKNG 9.85% 1.56% 1.56%
F ETAC 0.44% 0.69% 0.44%
F FTOC 0.71% 0.68% 0.68%
F GOAC 0.41% 0.69% 0.41%
F GSAH 0.57% 0.69% 0.57%
F HEC 0.3% 0.73% 0.3%
D JWS 0.64% 0.66% 0.64%
C LPRO 1.93% 1.6% 1.6%
D OSW 0.2% 1.53% 0.2%
F PRPB 0.57% 0.69% 0.57%
F PSTH 4.45% 0.68% 0.68%
F RBAC 0.42% 0.69% 0.42%
D SAII 0.14% 1.73% 0.14%
F SPCE 1.66% 1.27% 1.27%
F SRAC 0.15% 0.68% 0.15%
D SSPK 0.29% 0.61% 0.29%
F TTCF 0.24% 1.49% 0.24%
B VRT 2.9% 1.72% 1.72%
F WPF 0.76% 0.69% 0.69%
SPAK Overweight 49 Positions Relative to SPXZ
Grade Symbol Weight
C CLVT 3.8%
F VVNT 1.13%
F RPAY 0.81%
C PACK 0.56%
F SNPR.U 0.44%
D NFH 0.4%
F TREB 0.38%
C ACEL 0.37%
F SFTW 0.36%
C JIH 0.32%
D IMVT 0.32%
F PSAC 0.32%
F THCB 0.3%
C PAE 0.29%
D FSRV 0.26%
F FAII 0.25%
F THBR 0.25%
F DEH 0.25%
F ERES 0.25%
D IMTX 0.24%
C SFT 0.23%
F ACND 0.22%
D CHPM 0.22%
F SOAC 0.22%
D KSMT 0.21%
D GXGX 0.21%
F GIK 0.21%
F CCAC 0.2%
F FIII 0.19%
F CRSA 0.18%
F YAC 0.18%
F ALUS 0.15%
F EXPC 0.15%
D CPSR 0.15%
F DFHT 0.13%
A BWMX 0.13%
F ACEV 0.12%
F SCVX 0.12%
F HFFG 0.12%
D GDYN 0.12%
D LATN 0.12%
D HPX 0.12%
F HYMC 0.11%
C BBCP 0.11%
F GIG 0.11%
D ASAQ 0.11%
B FLMN 0.1%
F ARYA 0.09%
F KXIN 0.07%
SPAK Underweight 2 Positions Relative to SPXZ
Grade Symbol Weight
C VRRM -1.65%
C MGY -1.61%
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