Skip to Content

Big news:Composer has joined SoFi!Read the blog post

ETFs

ConvexityShares 1X SPIKES Futures ETF

SPKX
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Aug 16, 2022
Expense Ratio
0.65%
Type
US Equities
Fund Owner
ConvexityShares
Volume (1m avg. daily)
$13,970
AUM
$878,070
Associated Index
SPIKES Futures Short-Term Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
Cash & Other
100%
—
Derivatives offset
-99.35%
Invest with SPKX

What is SPKX?

ConvexityShares 1x SPIKES Futures ETF track the SPIKES Futures Short-Term Index. The Fund is not actively managed by traditional methods (e.g., by effecting changes in the composition of a portfolio on the basis of judgments relating to economic, financial and market conditions with a view toward obtaining positive results under all market conditions). Each Fund seeks to remain fully invested at all times in Financial Instruments and money market instruments that, in combination, provide exposure to the Index consistent with its investment objective, even during periods in which the Index is flat or moving in a manner which causes the value of a Fund to decline.

Loading backtest data...

ETFs related toSPKX

ETFs correlated to SPKX include UVIX, UVXY, VIXY

SPKX
ConvexityShares Trust - ConvexityShares 1x SPIKES Futures ETF
UVIX
Volatility Shares Trust - 2x Long VIX Futures ETF
UVXY
ProShares Trust - ProShares Ultra VIX Short-Term Futures ETF 2x Shares
VIXY
ProShares Trust - ProShares VIX Short-Term Futures ETF
VXX
Barclays Bank PLC - iPath? Series B S&P 500? VIX Short-Term FuturesTM ETN
VIXM
ProShares Trust - ProShares VIX Mid-Term Futures ETF
FAZ
Direxion Shares ETF Trust - Direxion Daily Financial Bear 3x Shares
RWM
ProShares Trust - ProShares Short Russell2000 -1x Shares
SRTY
ProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares
TZA
Direxion Shares ETF Trust - Direxion Daily Small Cap Bear 3X Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares

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.

FAQ

SPKX is a US Equities ETF. ConvexityShares 1x SPIKES Futures ETF track the SPIKES Futures Short-Term Index. The Fund is not actively managed by traditional methods (e.g., by effecting changes in the composition of a portfolio on the basis of judgments relating to economic, financial and market conditions with a view toward obtaining positive results under all market conditions). Each Fund seeks to remain fully invested at all times in Financial Instruments and money market instruments that, in combination, provide exposure to the Index consistent with its investment objective, even during periods in which the Index is flat or moving in a manner which causes the value of a Fund to decline.

SPKX tracks the SPIKES Futures Short-Term Index.

No, SPKX is not actively managed. It is passively 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.

Yes, SPKX is passively 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 SPKX is -0.1053%. This is the percent change in the value of SPKX over the most recent 1-month period. The 3-month return on SPKX is -0.1434%. This is the percent change in the value of SPKX over the most recent 3-month period.

The standard deviation of SPKX for the past year is 0.5092%. 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 SPKX include SPKY, PKW, and DIVO.

ETFs correlated to SPKX include UVIX, UVXY, and VIXY.

ETFs that are inversely correlated to SPKX include SVIX, SVXY, and LGRO.

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.

[email protected]

Securities products and brokerage services are offered by Composer Securities LLC, a broker-dealer registered with the SEC and member of FINRA / SIPC. Composer Securities LLC and Composer Technologies Inc. are separate but affiliated companies. Accounts are carried and securities execution, clearance and settlement services are provided by Alpaca Securities LLC, and Apex Clearing Corporation, SEC-registered broker-dealers and members of FINRA / SIPC. Alpaca Securities is a wholly-owned subsidiary of AlpacaDB, Inc. Apex Clearing Corporation, is a wholly-owned subsidiary of Apex Fintech Solutions Inc. Check the background of Composer Securities LLC, Alpaca Securities LLC, and Apex Clearing Corporation on FINRA BrokerCheck . This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Composer Securities is not registered. Securities products offered by Composer Securities are not FDIC insured

With any investment, your capital is at risk. The value of your portfolio with Composer can go down as well as up. Past performance is no guarantee of future results. By using this website, you accept our Terms of Service, Privacy Policy, and Payment Agreement.

Please see Composer Securities' Customer Relationship Summary.

Keep in mind, investing involves risk. Examples are for illustrative purposes and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security. Past performance is no guarantee of future results.

Online trading has inherent risk due to system response, execution price, speed, liquidity, market data and access times that may vary due to market conditions, system performance, market volatility, size and type of order and other factors. An investor should understand these and additional risks before trading.

Options trading involves significant risk and is not appropriate for all investors. Prior to buying or selling an option with Composer Securities LLC, please read the "Characteristics and Risks of Standardized Options," also known as the Options Disclosure Document (ODD). You can access the ODD by clicking here. Options transactions are often complex and can expose investors to potentially rapid and substantial losses. In some cases, you may lose your entire investment in a relatively short period. Furthermore, certain complex options strategies carry additional risk, including the potential for losses that may exceed your original investment amount.

Please read important legal disclosures.

Composer Securities does not provide tax advice. This material is for informational purposes only and is not intended to be a substitute for consultation with a qualified tax professional before making any investment decisions.

The cash sweep program is made available in coordination with Apex Clearing Corporation through Composer Securities. Please read the Important Disclosures for more information.

Composer Securities is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org. SIPC does not protect against market losses.

Securities products are: Not FDIC insured · Not bank guaranteed · May lose value

Trademarks and logos are the property of their respective owners and do not represent endorsements of any kind. Unless otherwise noted, Composer Technologies Inc., Composer Securities LLC, and its affiliates are not partners, affiliates, or licensees of these companies.

Market data refreshed at least every 15 minutes unless otherwise indicated. Market data provided by Xignite.

© 2026 All rights reserved.