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ETFs

Listed Funds Trust Horizon Kinetics SPAC Active ETF

SPAQ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 29, 2007
Expense Ratio
0.85%
Type
US Equities
Fund Owner
Horizon Kinetics
Volume (1m avg. daily)
$4,702
AUM
$16,493,187
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

APTM
Alpha Partners Technology Merger Corp - Ordinary Shares - Class A
5.10%
CHEA
Chenghe Acquisition Co - Ordinary Shares - Class A
4.95%
ARRW
Arrowroot Acquisition Corp - Ordinary Shares - Class A
4.89%
BOWN
Bowen Acquisition Corp
4.87%
ENER
Accretion Acquisition Corp
4.77%
CNDA
Concord Acquisition Corp. II - Ordinary Shares - Class A
4.67%
GHIX
Gores Holdings IX Inc - Ordinary Shares - Class A
4.44%
APGB
Apollo Strategic Growth Capital II - Ordinary Shares - Class A
4.37%
RENE
Cartesian Growth Corp II - Ordinary Shares - Class A
4.36%
NFYS
Enphys Acquisition Corp - Ordinary Shares - Class A
4.35%
Invest with SPAQ

What is SPAQ?

Horizon Kinetics SPAC Active is an actively-managed exchange-traded fund ("ETF") that pursues its investment objective primarily by investing, under normal circumstances, in special purpose acquisition companies ("SPACs"). A SPAC (also known as a "blank check" company) is an investment vehicle with no commercial operations that is designed to raise capital via an initial public offering ("IPO") for the purpose of engaging in a merger, acquisition, reorganization, or similar business combination (a "Combination") with one or more operating companies to be identified subsequent to the SPAC's IPO. SPACs are often used as a vehicle to transition a company from private to publicly traded as an alternative to a more traditional direct IPO by a private company.

ETFs related toSPAQ

ETFs correlated to SPAQ include CVRD, DFCA, MLN

SPAQ
Listed Funds Trust - Horizon Kinetics SPAC Active ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
DFCA
Dimensional ETF Trust - Dimensional California Municipal Bond ETF
MLN
VanEck ETF Trust - VanEck Long Muni ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
JPLD
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Limited Duration Bond ETF
HACK
ETF Managers Group LLC - ETFMG Prime Cyber Security ETF
ITB
BlackRock Institutional Trust Company N.A. - iShares U.S. Home Construction ETF
NAIL
Direxion Shares ETF Trust - Direxion Daily Homebuilders & Supplies Bull 3X Shares
CONY
Tidal Trust II - YieldMax COIN Option Income Strategy ETF
IBDQ
BlackRock Institutional Trust Company N.A. - iShares iBonds Dec 2025 Term Corporate ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSPAQ

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SPAQ using Composer

FAQ

SPAQ is a US Equities ETF. Horizon Kinetics SPAC Active is an actively-managed exchange-traded fund ("ETF") that pursues its investment objective primarily by investing, under normal circumstances, in special purpose acquisition companies ("SPACs"). A SPAC (also known as a "blank check" company) is an investment vehicle with no commercial operations that is designed to raise capital via an initial public offering ("IPO") for the purpose of engaging in a merger, acquisition, reorganization, or similar business combination (a "Combination") with one or more operating companies to be identified subsequent to the SPAC's IPO. SPACs are often used as a vehicle to transition a company from private to publicly traded as an alternative to a more traditional direct IPO by a private company.

Yes, SPAQ is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, SPAQ is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SPAQ is 0.0049%. This is the percent change in the value of SPAQ over the most recent 1-month period. The 3-month return on SPAQ is 0.0161%. This is the percent change in the value of SPAQ over the most recent 3-month period.

ETFs similar to SPAQ include IVV, MDY, and IJR.

ETFs correlated to SPAQ include CVRD, DFCA, and MLN.

ETFs that are inversely correlated to SPAQ include NVDY, BILZ, and TBIL.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.