SPAQ vs. IYG ETF Comparison

Comparison of Horizon Kinetics SPAC Active ETF (SPAQ) to iShares U.S. Financial Services ETF (IYG)

SPAQ

Horizon Kinetics SPAC Active ETF

SPAQ Description

As of March 16, 2022, Spartan Acquisition Corp. III was acquired by SPARTAN Acquisition CORP. III, in a reverse merger transaction. Spartan Acquisition Corp. III focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in New York, New York.

Grade (RS Rating)

Last Trade

$98.61

Average Daily Volume

336

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IYG

iShares U.S. Financial Services ETF

IYG Description

The investment seeks to track the investment results of an index composed of U.S. equities in the financial services sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Financial Services Index (the "underlying index"), which measures the performance of the financial services sector of the U.S. equity market. It is a subset of the Dow Jones U.S. Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$64.09

Average Daily Volume

65,363

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

Performance

Period	SPAQ	IYG
30 Days	0.58%	-2.18%
60 Days	1.33%	0.86%
90 Days	4.09%	4.78%
12 Months	2.49%	35.43%

0 Overlapping Holdings

	Symbol	Grade	Weight in SPAQ	Weight in IYG	Overlap

SPAQ Overweight 10 Positions Relative to IYG

Symbol	Grade	Weight
LCW	C	4.99%
IBACU	B	4.94%
HYAC	B	4.8%
APCA	A	4.74%
BOWN	A	4.74%
SVII	A	4.72%
IPXX	B	4.69%
AACT	A	4.67%
SCRM	A	4.67%
CITE	A	4.64%

SPAQ Underweight 102 Positions Relative to IYG

Symbol	Grade	Weight
BRK.A	D	-14.72%
JPM	B	-11.31%
V	D	-8.66%
MA	D	-7.59%
BAC	B	-5.2%
WFC	B	-4.36%
GS	A	-2.84%
AXP	B	-2.73%
SPGI	C	-2.72%
C	A	-2.38%
MS	A	-2.32%
SCHW	A	-2.24%
BLK	D	-2.15%
BX	D	-1.71%
CME	D	-1.54%
ICE	D	-1.51%
USB	C	-1.29%
KKR	D	-1.26%
PNC	A	-1.25%
MCO	C	-1.19%
COF	B	-1.12%
TFC	A	-1.02%
APO	D	-0.97%
BK	A	-0.88%
AMP	B	-0.84%
MSCI	F	-0.75%
COIN	D	-0.71%
DFS	B	-0.65%
FITB	A	-0.51%
TROW	D	-0.5%
MTB	A	-0.49%
RJF	A	-0.47%
ARES	C	-0.46%
NDAQ	B	-0.46%
STT	C	-0.45%
LPLA	A	-0.41%
FCNCA	B	-0.41%
HBAN	A	-0.4%
SYF	A	-0.37%
RF	B	-0.36%
NTRS	C	-0.34%
CFG	A	-0.33%
FDS	D	-0.32%
KEY	C	-0.28%
IBKR	A	-0.25%
EQH	A	-0.24%
TW	B	-0.24%
EWBC	A	-0.21%
ALLY	A	-0.21%
CG	D	-0.2%
SF	A	-0.17%
FHN	A	-0.17%
HOOD	C	-0.17%
OWL	C	-0.16%
VOYA	C	-0.15%
JEF	B	-0.15%
MORN	C	-0.15%
WBS	D	-0.15%
MKTX	F	-0.15%
CFR	C	-0.14%
HLI	A	-0.14%
BEN	F	-0.14%
WAL	C	-0.13%
BPOP	A	-0.13%
OMF	A	-0.13%
CBSH	A	-0.13%
IVZ	D	-0.13%
SEIC	C	-0.13%
CMA	B	-0.13%
SOFI	F	-0.13%
MTG	C	-0.12%
ESNT	D	-0.12%
PNFP	C	-0.12%
SSB	D	-0.12%
PB	B	-0.12%
ZION	A	-0.12%
WTFC	A	-0.12%
SNV	C	-0.11%
AMG	C	-0.11%
RDN	C	-0.1%
SLM	A	-0.1%
OZK	B	-0.1%
FNB	A	-0.1%
JHG	B	-0.09%
FCFS	D	-0.09%
UBSI	D	-0.09%
LAZ	C	-0.09%
HOMB	A	-0.09%
FFIN	C	-0.08%
GBCI	C	-0.08%
TPG	C	-0.07%
UMBF	B	-0.07%
VLY	D	-0.06%
CACC	D	-0.06%
BOKF	A	-0.05%
FHI	F	-0.05%
NYCB	D	-0.04%
VIRT	A	-0.04%
NATL	B	-0.03%
RKT	C	-0.03%
TFSL	B	-0.01%
UWMC	C	-0.01%

SPAQ: Top Represented Industries & Keywords

Industries: Shell Companies

Keywords: Mergers And Acquisitions Private Equity Special Purpose Acquisition Company Reverse Takeover