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ETFs

Listed Funds Trust Horizon Kinetics SPAC Active ETF

SPAQ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 27 2023
Expense Ratio
0.85%
Type
US Equities
Fund Owner
Horizon Kinetics
Volume (1m avg. daily)
$45,191
AUM
$14,258,354
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

KCGI
Kensington Capital Acquisition Corp V - Ordinary Shares - Class A
5.63%
NFYS
Enphys Acquisition Corp - Ordinary Shares - Class A
4.94%
CSLM
Consilium Acquisition Corp I Ltd - Ordinary Shares - Class A
4.94%
CPAA
Conyers Park III Acquisition Corp - Ordinary Shares - Class A
4.93%
MTVC
Motive Capital Corp II - Ordinary Shares - Class A
4.91%
EVE
EVe Mobility Acquisition Corp - Ordinary Shares - Class A
4.49%
IVCB
Investcorp Europe Acquisition Corp I - Ordinary Shares - Class A
4.33%
ATEK
Athena Technology Acquisition Corp II - Ordinary Shares - Class A
4.30%
CHEA
Chenghe Acquisition Co - Ordinary Shares - Class A
4.20%
SLVR
SilverSPAC Inc - Ordinary Shares - Class A
3.78%
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 IBDQ, MUNI, SMB

SPAQ
Listed Funds Trust - Horizon Kinetics SPAC Active ETF
IBDQ
BlackRock Institutional Trust Company N.A. - iShares iBonds Dec 2025 Term Corporate ETF
MUNI
Pimco Exchange Traded Fund - PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
SMB
VanEck ETF Trust - VanEck Short Muni ETF
ACES
ALPS Fund Services - ALPS Clean Energy ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
KRBN
KraneShares ICAV - KraneShares Global Carbon Strategy ETF
MLN
VanEck ETF Trust - VanEck Long Muni ETF
HMOP
Hartford Funds Exchange-Traded Trust - Hartford Municipal Opportunities ETF
BKHY
BNY Mellon ETF Trust - BNY Mellon High Yield Beta ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy 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

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

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 0.0084%. This is the percent change in the value of SPAQ over the most recent 1-month period. The 3-month return on SPAQ is 0.0146%. This is the percent change in the value of SPAQ over the most recent 3-month period.

ETFs similar to SPAQ include IVV, DIA, and IWM.

ETFs correlated to SPAQ include IBDQ, MUNI, and SMB.

ETFs that are inversely correlated to SPAQ include MAYW, AMZD, and MAYT.

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.