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ETFs

RiverNorth Enhanced Pre-Merger SPAC ETF

SPCZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 11 2022
Expense Ratio
0.89%
Type
US Equities
Fund Owner
TrueShares
Volume (1m avg. daily)
$9,754
AUM
$5,823,540
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
11.76%
IOAC
Innovative International Acquisition Corp - Ordinary Shares - Class A
4.20%
TETC
Tech and Energy Transition Corp - Ordinary Shares - Class A
4.11%
NBST
Newbury Street Acquisition Corp
4.06%
FORL/UN
Four Leaf Acquisition Corp - Units (1 Ord Class A & 1 War)
4.04%
APGB
Apollo Strategic Growth Capital II - Ordinary Shares - Class A
4.02%
CCVI
Churchill Capital Corp VI - Ordinary Shares - Class A
3.97%
CVII
Churchill Capital Corp VII - Ordinary Shares - Class A
3.73%
AEAE
AltEnergy Acquisition Corp - Ordinary Shares - Class A
3.72%
ZING
FTAC Zeus Acquisition Corp - Ordinary Shares - Class A
3.35%
Invest with SPCZ

What is SPCZ?

RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) is an actively managed fund that invests in pre-merger securities of special purpose acquisition companies, or SPACs, whose business plan is to raise capital in an Initial Public Offering (IPO) and, within a specific period of time, engage in a merger or acquisition with one or more unidentified companies. The Fund aims to capture the potential discount, equity upside, and interest income of pre-merger SPACs. A goal of the Fund is to achieve positive absolute rates of return, particularly when measured against the level of risk assumed. The Fund can be utilized in the alternatives allocation in a portfolio in an effort to capture alpha with a low correlation to traditional asset classes.

ETFs related toSPCZ

ETFs correlated to SPCZ include GREK, PALL, DFLV

SPCZ
Listed Funds Trust - RiverNorth Enhanced Pre-Merger SPAC ETF
GREK
Global X Funds - Global X MSCI Greece ETF
PALL
abrdn ETF - abrdn Physical Palladium Shares ETF
DFLV
Dimensional ETF Trust - Dimensional US Large Cap Value ETF
DFSI
Dimensional ETF Trust - Dimensional International Sustainability Core 1 ETF
CNYA
BlackRock Institutional Trust Company N.A. - iShares MSCI China A ETF
ASHR
DBX ETF Trust - Xtrackers Harvest CSI 300 China A-Shares ETF
CHAU
Direxion Shares ETF Trust - Direxion Daily CSI 300 China A Share Bull 2X Shares
SHYD
VanEck ETF Trust - VanEck Short High Yield Muni 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 toSPCZ

#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 SPCZ using Composer

FAQ

SPCZ is a US Equities ETF. RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) is an actively managed fund that invests in pre-merger securities of special purpose acquisition companies, or SPACs, whose business plan is to raise capital in an Initial Public Offering (IPO) and, within a specific period of time, engage in a merger or acquisition with one or more unidentified companies. The Fund aims to capture the potential discount, equity upside, and interest income of pre-merger SPACs. A goal of the Fund is to achieve positive absolute rates of return, particularly when measured against the level of risk assumed. The Fund can be utilized in the alternatives allocation in a portfolio in an effort to capture alpha with a low correlation to traditional asset classes.

Yes, SPCZ 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, SPCZ 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 SPCZ is 0.0043%. This is the percent change in the value of SPCZ over the most recent 1-month period. The 3-month return on SPCZ is 0.0191%. This is the percent change in the value of SPCZ over the most recent 3-month period.

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

ETFs correlated to SPCZ include GREK, PALL, and DFLV.

ETFs that are inversely correlated to SPCZ include PULT, TBIL, and XHLF.

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.