SPAX vs. UCIB ETF Comparison
Comparison of Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) to ETRACS UBS Bloomberg Constant Maturity Commodity Index (CMCI) Total Return ETN Series B due April 5, 2038 (UCIB)
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
$19.95
Average Daily Volume
3,655
39
UCIB
ETRACS UBS Bloomberg Constant Maturity Commodity Index (CMCI) Total Return ETN Series B due April 5, 2038
UCIB Description
The ETRACS UBS Bloomberg Constant Maturity Commodity Index Total Return ETN Series B are senior unsecured debt securities issued by UBS that provide exposure to potential price appreciation in the UBS Bloomberg Constant Maturity Commodity Index Total Return. The index is designed to be a diversified benchmark for commodities as an asset class. It is comprised of futures contracts on 27 components, representing 24 commodities, with up to five different maturities for each individual commodity. The overall return on the index is generated by two components: uncollateralized returns on the futures contracts comprising the index and a daily fixed-income return.Grade (RS Rating)
Last Trade
$25.99
Average Daily Volume
3,565
2
Performance
| Period | SPAX | UCIB |
|---|---|---|
| 30 Days | -1.56% | 5.95% |
| 60 Days | -0.95% | 9.50% |
| 90 Days | -0.68% | 10.44% |
| 12 Months | 0.07% | 14.59% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SPAX | Weight in UCIB | Overlap |
|---|
SPAX Overweight 39 Positions Relative to UCIB
| Symbol | Grade | Weight | |
|---|---|---|---|
| GAQ | A | 4.27% | |
| PEGR | D | 3.19% | |
| SHAP | C | 3.05% | |
| BFAC | A | 3.0% | |
| EVE | A | 2.91% | |
| BACA | B | 2.83% | |
| HAIA | A | 2.74% | |
| WTMA | A | 2.71% | |
| CNDA | B | 2.7% | |
| EMLD | B | 2.67% | |
| KCGI | A | 2.66% | |
| LGVC | F | 2.46% | |
| GHIX | D | 2.32% | |
| CMCA | D | 2.31% | |
| HCVI | B | 2.2% | |
| AOGO | A | 2.08% | |
| PRLH | C | 1.98% | |
| ROCL | B | 1.88% | |
| PPYA | A | 1.87% | |
| IVCP | D | 1.84% | |
| CDAQ | A | 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 | A | 1.18% | |
| PWUP | A | 0.79% | |
| NPAB | A | 0.75% | |
| RMGC | F | 0.53% | |
| BHAC | A | 0.37% | |
| IMAQ | A | 0.37% | |
| TRIS | A | 0.3% | |
| FHLT | A | 0.08% | |
| MCAG | B | 0.05% | |
| SWSS | B | 0.02% | |
| NSTD | F | 0.0% |
SPAX: Top Represented Industries & Keywords
UCIB: Top Represented Industries & Keywords
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