SPAX vs. IYG ETF Comparison
Comparison of Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) to iShares U.S. Financial Services ETF (IYG)
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
$20.29
Average Daily Volume
3,650
38
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
102
Performance
| Period | SPAX | IYG |
|---|---|---|
| 30 Days | 0.10% | -2.18% |
| 60 Days | 0.99% | 0.86% |
| 90 Days | 0.96% | 4.78% |
| 12 Months | 1.89% | 35.43% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SPAX | Weight in IYG | Overlap |
|---|
SPAX Overweight 38 Positions Relative to IYG
| Symbol | Grade | Weight | |
|---|---|---|---|
| GAQ | A | 4.27% | |
| PEGR | F | 3.19% | |
| SHAP | C | 3.05% | |
| BFAC | A | 3.0% | |
| EVE | A | 2.91% | |
| BACA | B | 2.83% | |
| HAIA | B | 2.74% | |
| WTMA | B | 2.71% | |
| CNDA | B | 2.7% | |
| EMLD | B | 2.67% | |
| KCGI | A | 2.66% | |
| GHIX | D | 2.32% | |
| CMCA | D | 2.31% | |
| HCVI | B | 2.2% | |
| AOGO | B | 2.08% | |
| PRLH | C | 1.98% | |
| ROCL | B | 1.88% | |
| PPYA | B | 1.87% | |
| IVCP | D | 1.84% | |
| CDAQ | B | 1.75% | |
| XFIN | A | 1.72% | |
| ONYX | A | 1.57% | |
| BLEU | C | 1.53% | |
| MITA | B | 1.43% | |
| BRKH | A | 1.31% | |
| IGTA | A | 1.27% | |
| MSSA | A | 1.24% | |
| BYNO | B | 1.18% | |
| PWUP | B | 0.79% | |
| NPAB | B | 0.75% | |
| RMGC | F | 0.53% | |
| BHAC | B | 0.37% | |
| IMAQ | A | 0.37% | |
| TRIS | A | 0.3% | |
| FHLT | B | 0.08% | |
| MCAG | C | 0.05% | |
| SWSS | B | 0.02% | |
| NSTD | F | 0.0% |
SPAX 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% |
SPAX: Top Represented Industries & Keywords
IYG: Top Represented Industries & Keywords
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