SPAX vs. UFO ETF Comparison
Comparison of Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) to Procure Space ETF (UFO)
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
$20.24
Average Daily Volume
3,120
18
UFO
Procure Space ETF
UFO Description
The investment seeks investment results that correspond generally to the performance, before the fund's fees and expenses, of an equity index called the "S-Network Space Index". The fund invests, under normal circumstances, at least 80% of its net assets in companies of the underlying index that receive at least 50% of their revenues or profits from space-related businesses. The underlying index is designed to serve as an equity benchmark for a globally traded portfolio of companies that are engaged in space-related business, such as those utilizing satellite technology. The fund is non-diversified.Grade (RS Rating)
Last Trade
$21.36
Average Daily Volume
18,620
22
Performance
| Period | SPAX | UFO |
|---|---|---|
| 30 Days | -0.49% | 8.81% |
| 60 Days | 0.30% | 13.73% |
| 90 Days | 0.78% | 16.37% |
| 12 Months | 2.02% | 36.30% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SPAX | Weight in UFO | Overlap |
|---|
SPAX Underweight 22 Positions Relative to UFO
| Symbol | Grade | Weight | |
|---|---|---|---|
| RKLB | B | -8.67% | |
| GSAT | B | -6.86% | |
| TRMB | A | -5.3% | |
| SATS | D | -4.72% | |
| GRMN | B | -4.68% | |
| IRDM | C | -4.66% | |
| SIRI | C | -4.33% | |
| LUNR | B | -4.18% | |
| NPAB | F | -3.72% | |
| PL | B | -3.72% | |
| VSAT | F | -2.41% | |
| LMT | D | -2.36% | |
| LHX | B | -2.33% | |
| CMCSA | B | -2.26% | |
| HON | A | -2.21% | |
| RTX | D | -2.09% | |
| NOC | D | -2.07% | |
| RDW | A | -1.99% | |
| BA | F | -1.84% | |
| SPCE | D | -1.2% | |
| BALL | D | -0.56% | |
| CMTL | F | -0.36% |
SPAX: Top Represented Industries & Keywords
UFO: Top Represented Industries & Keywords
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