SPAX vs. DJCB ETF Comparison
Comparison of Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) to ETRACS Bloomberg Commodity Index Total Return ETN Series B due October 31, 2039 (DJCB)
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
$20.33
Average Daily Volume
3,832
40
DJCB
ETRACS Bloomberg Commodity Index Total Return ETN Series B due October 31, 2039
DJCB Description
The investment seeks a return on the Securities linked to the performance of the Bloomberg Commodity Index Total ReturnSM. The index is composed of the prices of twenty-one exchange-traded futures contracts on physical commodities. An exchange-traded futures contract is a bilateral agreement providing for the purchase and sale of a specified type and quantity of a commodity or financial instrument during a stated delivery month for a fixed price.Grade (RS Rating)
Last Trade
$22.11
Average Daily Volume
1,539
8
Performance
| Period | SPAX | DJCB |
|---|---|---|
| 30 Days | 0.57% | 9.51% |
| 60 Days | 1.41% | 12.66% |
| 90 Days | 1.13% | 10.11% |
| 12 Months | 2.50% | 9.32% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SPAX | Weight in DJCB | Overlap |
|---|
SPAX Overweight 40 Positions Relative to DJCB
| Symbol | Grade | Weight | |
|---|---|---|---|
| PEGR | F | 2.99% | |
| SHAP | C | 2.85% | |
| BFAC | A | 2.81% | |
| EVE | B | 2.72% | |
| BACA | A | 2.61% | |
| KCGI | A | 2.61% | |
| HAIA | A | 2.55% | |
| WTMA | B | 2.54% | |
| CNDA | B | 2.53% | |
| EMLD | B | 2.46% | |
| LGVC | F | 2.3% | |
| AEAE | B | 2.25% | |
| GHIX | C | 2.18% | |
| GAQ | A | 2.17% | |
| PPYA | A | 2.16% | |
| HCVI | B | 2.05% | |
| MITA | B | 2.0% | |
| ROCL | B | 1.81% | |
| BRKH | A | 1.69% | |
| IGTA | A | 1.66% | |
| CDAQ | A | 1.64% | |
| XFIN | A | 1.61% | |
| AOGO | B | 1.58% | |
| BYNO | A | 1.57% | |
| MSSA | A | 1.48% | |
| CMCA | D | 1.45% | |
| BLEU | D | 1.43% | |
| ONYX | B | 1.28% | |
| PWUP | A | 0.74% | |
| NPAB | A | 0.69% | |
| PRLH | A | 0.53% | |
| RMGC | F | 0.5% | |
| TRIS | A | 0.35% | |
| IMAQ | A | 0.34% | |
| BHAC | A | 0.34% | |
| GDST | A | 0.32% | |
| IVCP | D | 0.31% | |
| FHLT | A | 0.17% | |
| NSTD | F | 0.03% | |
| SWSS | B | 0.03% |
SPAX: Top Represented Industries & Keywords
DJCB: Top Represented Industries & Keywords
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