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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)
$65,857
AUM
$6,038,707
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
8.42%
GODN
Golden Star Acquisition Corp
4.46%
NNAG/UN
99 Acquisition Group Inc - Units (1 Ord Class A, 1 War & 1 Rts)
4.28%
FORL
Four Leaf Acquisition Corp - Ordinary Shares - Class A
3.99%
SCRM
Screaming Eagle Acquisition Corp - Ordinary Shares - Class A
3.97%
IPXX
Inflection Point Acquisition Corp II - Ordinary Shares - Class A
3.96%
BUJA
Bukit Jalil Global Acquisition 1 Ltd.
3.92%
IOAC
Innovative International Acquisition Corp - Ordinary Shares - Class A
3.88%
TBMC
Trailblazer Merger Corp I - Ordinary Shares - Class A
3.77%
NBST
Newbury Street Acquisition Corp
3.66%
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, JAAA, EUFN

SPCZ
Listed Funds Trust - RiverNorth Enhanced Pre-Merger SPAC ETF
GREK
Global X Funds - Global X MSCI Greece ETF
JAAA
Janus Capital Management LLC - Janus Henderson AAA CLO ETF
EUFN
BlackRock Institutional Trust Company N.A. - iShares MSCI Europe Financials ETF
BOXX
EA Series Trust - Alpha Architect 1-3 Month Box ETF
EWD
BlackRock Institutional Trust Company N.A. - iShares MSCI Sweden ETF
DBB
Invesco DB Multi-Sector Commodity Trust - Invesco DB Base Metals Fund
EWG
BlackRock Institutional Trust Company N.A. - iShares MSCI Germany ETF
DIV
Global X Funds - Global X SuperDividend U.S. ETF
XLF
SSgA Active Trust - Financial Select Sector SPDR
BSVO
EA Series Trust - EA Bridgeway Omni Small-Cap Value 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

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

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 0.0088%. This is the percent change in the value of SPCZ over the most recent 1-month period. The 3-month return on SPCZ is 0.0231%. This is the percent change in the value of SPCZ over the most recent 3-month period.

The standard deviation of SPCZ for the past year is 0.0222%. 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 SPCZ include IVV, MDY, and IJR.

ETFs correlated to SPCZ include GREK, JAAA, and EUFN.

ETFs that are inversely correlated to SPCZ include PYLD, IBDY, and JMHI.

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.