SPCX vs. SPAX ETF Comparison
Comparison of SPAC and New Issue ETF (SPCX) to Robinson Alternative Yield Pre-merger SPAC ETF (SPAX)
SPCX
SPAC and New Issue ETF
SPCX Description
The investment seeks to provide total return. In pursuing the fund's investment objective, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in units and shares of Special Purpose Acquisitions Corporations (SPACs) that have a minimum capitalization of $100 million and companies that completed an initial public offering (IPO) within the last two years. It may also invest in depositary receipts for cash management purposes or due to a lack of suitable investment opportunities, the fund may hold up to 20% of its net assets in cash or similar short-term, high-quality debt securities.
Grade (RS Rating)
Last Trade
$23.37
Average Daily Volume
2,118
22
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
Performance
| Period | SPCX | SPAX |
|---|---|---|
| 30 Days | 0.86% | -1.56% |
| 60 Days | 1.04% | -0.95% |
| 90 Days | 1.04% | -0.68% |
| 12 Months | -2.55% | 0.07% |
14 Overlapping Holdings
| Symbol | Grade | Weight in SPCX | Weight in SPAX | Overlap | |
|---|---|---|---|---|---|
| BHAC | A | 2.77% | 0.37% | 0.37% | |
| BLEU | C | 2.83% | 1.53% | 1.53% | |
| CDAQ | A | 1.89% | 1.75% | 1.75% | |
| CNDA | B | 4.24% | 2.7% | 2.7% | |
| EMLD | B | 2.81% | 2.67% | 2.67% | |
| GAQ | A | 2.93% | 4.27% | 2.93% | |
| HAIA | A | 3.91% | 2.74% | 2.74% | |
| HCVI | B | 2.76% | 2.2% | 2.2% | |
| MSSA | A | 3.92% | 1.24% | 1.24% | |
| ONYX | A | 2.92% | 1.57% | 1.57% | |
| PWUP | A | 1.66% | 0.79% | 0.79% | |
| ROCL | B | 2.86% | 1.88% | 1.88% | |
| SHAP | C | 5.75% | 3.05% | 3.05% | |
| SWSS | B | 1.05% | 0.02% | 0.02% |
SPCX Underweight 25 Positions Relative to SPAX
| Symbol | Grade | Weight | |
|---|---|---|---|
| PEGR | D | -3.19% | |
| BFAC | A | -3.0% | |
| EVE | A | -2.91% | |
| BACA | B | -2.83% | |
| WTMA | A | -2.71% | |
| KCGI | A | -2.66% | |
| LGVC | F | -2.46% | |
| GHIX | D | -2.32% | |
| CMCA | D | -2.31% | |
| AOGO | A | -2.08% | |
| PRLH | C | -1.98% | |
| PPYA | A | -1.87% | |
| IVCP | D | -1.84% | |
| XFIN | A | -1.72% | |
| MITA | B | -1.43% | |
| BRKH | A | -1.31% | |
| IGTA | A | -1.27% | |
| BYNO | A | -1.18% | |
| NPAB | A | -0.75% | |
| RMGC | F | -0.53% | |
| IMAQ | A | -0.37% | |
| TRIS | A | -0.3% | |
| FHLT | A | -0.08% | |
| MCAG | B | -0.05% | |
| NSTD | F | -0.0% |
SPCX: Top Represented Industries & Keywords
SPAX: Top Represented Industries & Keywords
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