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ETFs

The SPAC and New Issue ETF

SPCX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 16 2020
Expense Ratio
0.95%
Type
US Equities
Fund Owner
AXS Investments
Volume (1m avg. daily)
$48,867
AUM
$19,237,200
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
CASH AND CASH EQUIVALENTS
7.55%
MTAL
Metals Acquisition Corp - Ordinary Shares - Class A
5.08%
n/a
ADARA SPONSOR LLC B SHARE
5.02%
FZT
FAST Acquisition Corp II - Ordinary Shares - Class A
4.09%
SNRH
Senior Connect Acquisition Corp I - Ordinary Shares - Class A
4.01%
ACRO
Acropolis Infrastructure Acquisition Corp - Ordinary Shares - Class A
3.90%
YTPG
TPG Pace Beneficial II Corp - Ordinary Shares - Class A
3.85%
TRTL
TortoiseEcofin Acquisition Corp III - Ordinary Shares - Class A
3.55%
THCP
Thunder Bridge Capital Partners IV Inc - Ordinary Shares - Class A
3.29%
SHAP
Spree Acquisition Corp 1 Ltd - Ordinary Shares - Class A
3.13%
Invest with SPCX

What is SPCX?

The Fund is an actively managed exchange traded fund. In pursuing the Fund s investment objective, the Fund will 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. A SPAC is blank check company that has not yet merged with an operating company or even chosen a merger target. SPACs are formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. SPACs often have pre-determined time frames to merge (typically two years) or the SPAC will liquidate. A SPAC generally offers units, each comprised of one share of common stock and a warrant (or portion of a warrant) to purchase common stock. A warrant is a security that allows its holder to purchase a specified amount of common stock at a specified price for a specified time. The Fund may seek to sell warrants that it receives in connection with the purchase of a SPAC s units in order to generate additional returns for shareholders. The Fund may purchase units or shares of SPACs that completed an IPO within the last two years on a secondary market or during a SPAC s IPO.

ETFs related toSPCX

ETFs correlated to SPCX include BOXX, XONE, GNMA

SPCX
Collaborative Investment Series Trust - The SPAC and New Issue ETF
BOXX
EA Series Trust - Alpha Architect 1-3 Month Box ETF
XONE
BondBloxx ETF Trust - BondBloxx Bloomberg One Year Target Duration US Treasury ETF
GNMA
BlackRock Institutional Trust Company N.A. - iShares GNMA Bond ETF
LTPZ
Pimco Exchange Traded Fund - PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund
TACK
Capitol Series Trust - Fairlead Tactical Sector ETF
FIXD
First Trust Exchange-Traded Fund VIII - First Trust TCW Opportunistic Fixed Income ETF
RPAR
Tidal ETF Trust - RPAR Risk Parity ETF
VMBS
Vanguard Group, Inc. - Vanguard Mortgage-Backed Securities ETF
TOTL
SSgA Active Trust - SPDR DoubleLine Total Return Tactical ETF
LMBS
First Trust Exchange-Traded Fund III - First Trust Low Duration Opportunities 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 toSPCX

#DYNAM

Dynamic Stocks and Bonds

Category

Getting Defensive

Risk Rating

Moderate

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SPCX using Composer

FAQ

SPCX is a US Equities ETF. The Fund is an actively managed exchange traded fund. In pursuing the Fund s investment objective, the Fund will 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. A SPAC is blank check company that has not yet merged with an operating company or even chosen a merger target. SPACs are formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. SPACs often have pre-determined time frames to merge (typically two years) or the SPAC will liquidate. A SPAC generally offers units, each comprised of one share of common stock and a warrant (or portion of a warrant) to purchase common stock. A warrant is a security that allows its holder to purchase a specified amount of common stock at a specified price for a specified time. The Fund may seek to sell warrants that it receives in connection with the purchase of a SPAC s units in order to generate additional returns for shareholders. The Fund may purchase units or shares of SPACs that completed an IPO within the last two years on a secondary market or during a SPAC s IPO.

Yes, SPCX 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, SPCX 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 SPCX is 0.0059%. This is the percent change in the value of SPCX over the most recent 1-month period. The 3-month return on SPCX is -0.0252%. This is the percent change in the value of SPCX over the most recent 3-month period.

The standard deviation of SPCX for the past year is 0.0981%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SPCX include IWM, MDY, and QQQ.

ETFs correlated to SPCX include BOXX, XONE, and GNMA.

ETFs that are inversely correlated to SPCX include FMF, GFEB, and TMV.

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.