SPAX vs. SPAQ ETF Comparison
Comparison of Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) to Horizon Kinetics SPAC Active ETF (SPAQ)
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
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
10
Performance
| Period | SPAX | SPAQ |
|---|---|---|
| 30 Days | 0.10% | 0.58% |
| 60 Days | 0.99% | 1.33% |
| 90 Days | 0.96% | 4.09% |
| 12 Months | 1.89% | 2.49% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SPAX | Weight in SPAQ | Overlap |
|---|
SPAX Overweight 38 Positions Relative to SPAQ
| 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: Top Represented Industries & Keywords
SPAQ: Top Represented Industries & Keywords
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