SPAX vs. CEFA ETF Comparison
Comparison of Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) to Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA)
SPAX
Robinson Alternative Yield Pre-merger SPAC ETF
SPAX Description
The Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) is an actively managed exchange-trade fund (ETF) that invests in Special Purpose Acquisition Companies (SPACs), also known as blank check companies. SPAX seeks to provide total return while minimizing downside risk. SPAX invests primarily in equity securities, specifically units and shares of common stock and warrants of U.S.-listed SPACs. SPAX expects to invest the majority of its assets in SPACs which are small capitalization companies. The Fund intends to exit any SPAC units, common shares and warrants prior to the completion of a business combination, seeking to minimize downside risk.
Grade (RS Rating)
Last Trade
$20.27
Average Daily Volume
3,060
16
CEFA
Global X S&P Catholic Values Developed ex-U.S. ETF
CEFA Description
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Developed ex-U.S. Catholic Values Index. The fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index is designed to provide exposure to developed market equity securities outside the U.S. while maintaining alignment with the moral and social teachings of the Catholic Church. It is non-diversified.Grade (RS Rating)
Last Trade
$30.47
Average Daily Volume
1,706
28
Performance
| Period | SPAX | CEFA |
|---|---|---|
| 30 Days | 0.41% | -2.27% |
| 60 Days | 0.45% | -5.60% |
| 90 Days | 1.14% | -5.40% |
| 12 Months | 1.77% | 8.00% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SPAX | Weight in CEFA | Overlap |
|---|
SPAX Underweight 28 Positions Relative to CEFA
| Symbol | Grade | Weight | |
|---|---|---|---|
| TM | D | -1.73% | |
| UL | D | -1.67% | |
| HSBH | B | -1.2% | |
| MUFG | B | -1.02% | |
| ABBV | D | -0.82% | |
| DEO | F | -0.77% | |
| SMFG | B | -0.66% | |
| ICLR | D | -0.54% | |
| SPOT | B | -0.48% | |
| MFG | B | -0.44% | |
| BCS | C | -0.34% | |
| HMC | F | -0.34% | |
| LYG | F | -0.31% | |
| SE | B | -0.28% | |
| STLA | F | -0.23% | |
| E | F | -0.22% | |
| CCEP | C | -0.18% | |
| NMR | B | -0.13% | |
| GRAB | B | -0.13% | |
| CHKP | D | -0.12% | |
| MBAVU | D | -0.12% | |
| XRX | F | -0.11% | |
| CYBR | B | -0.1% | |
| MNDY | C | -0.08% | |
| WIX | B | -0.08% | |
| INMD | C | -0.04% | |
| GLBE | B | -0.03% | |
| FROG | C | -0.02% |
SPAX: Top Represented Industries & Keywords
CEFA: Top Represented Industries & Keywords
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