SPAC and New Issue ETF (SPCK) Performance
SPCK total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.4% since Dec 31, 2025
- 1 year
- −2.4% total return
- 5 years
- −1.8% a year
- Since first price
- +0.8% a year since 2020
SPCK trailing returns vs SPY, QQQ, AGG
| Period | SPCK total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.9% | −0.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.5% | −2.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.0% | −2.0% | +7.8% | +8.4% | −1.5% |
| YTD | −0.4% | −0.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −2.4% | −16.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +10.7%+3.5%/yr | −7.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −8.7%−1.8%/yr | −24.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionDec 16, 2020 | +4.6%+0.8%/yr | −13.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SPCK vs SPY
From Dec 16, 2020: SPCK grew to $10,457, SPY to $22,260.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SPCK returns by calendar year
3 of 5 full years positive. Best 2021 (+9.3%), worst 2022 (−12.3%). 2026 is year to date.
SPCK annual returns table
| Year | SPCK | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −0.4% | −6.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +7.8% | −7.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.8% | −5.6% | +24.9% | +25.6% | +1.3% |
| 2023 | −4.1% | −7.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −12.3% | −12.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +9.3% | −12.4% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SPCK largest drawdowns
Now 18.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 16, 2021 | −28.3% | Feb 8, 2023 | not yet | 2.0 years | 5.7 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SPCK risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +3.5% | −1.8% | +0.2% |
| Volatility (annualized) | 5.9% | 6.3% | 8.4% |
| Sharpe ratio | -0.12 | -0.83 | -0.30 |
| Sortino ratio | -0.17 | -0.95 | -0.45 |
| Best month | +4.5% | +4.5% | +12.1% |
| Worst month | −5.6% | −6.1% | −6.1% |
| Best 12 months | +9.5% | +9.5% | +9.5% |
| Worst 12 months | +0.7% | −14.9% | −14.9% |
| Positive months | 61% | 48% | 49% |
| Beta vs S&P 500 | 0.07 | 0.10 | — |
| Correlation with S&P 500 | 0.14 | 0.25 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SPCK rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 59 | −14.9% | +0.7% | +9.5% | 54% |
| 3-year (a year) | 35 | −7.4% | −2.3% | +4.9% | 37% |
| 5-year (a year) | 11 | −2.6% | −1.4% | +0.4% | 9% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
SPCK performance overview
SPAC and New Issue ETF (SPCK) returned −2.4% over the past year and −1.8% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +0.8% a year, turning $10,000 into about $10,457. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −28.3%, from Feb 16, 2021 to Feb 8, 2023; the fund has not yet regained that high. SPCK finished 3 of its 5 full calendar years with a gain; the best year was 2021 (+9.3%) and the worst 2022 (−12.3%). Volatility has been 8.4% a year.
Related: SPCK chart, SPCK holdings, SPCK dividends. See the SPCK overview for the latest quote and fund facts.
SPCK performance FAQ
What is the SPCK return over the past year?
SPCK returned −2.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 16.2%.
What is the average annual return of SPCK?
SPCK has returned −1.8% a year over 5 years, +0.8% a year since December 16, 2020 (total return, distributions reinvested).
How much would $10,000 invested in SPCK be worth?
$10,000 invested in SPCK at its first recorded close on December 16, 2020 would be worth about $10,457 on October 23, 2026 with distributions reinvested.
What was the worst year for SPCK?
The worst calendar year was 2022, with a total return of −12.3%. The best was 2021 at +9.3%.
What is the biggest drawdown of SPCK?
The largest peak-to-trough decline was −28.3% between February 16, 2021 and February 8, 2023. It has not yet recovered to that high; it is 18.5% below its peak.
How volatile is SPCK?
Over the past 3 years SPCK had an annualized volatility of 5.9% and a Sharpe ratio of -0.12 (excess return over 1–3 month T-bills per unit of risk).