FIGG vs SPAQ

Comparison between LEVERAGE SHARES 2X LONG FIG DAILY ETF (FIGG, ETF) and HORIZON KINETICS SPAC ACTIVE ETF (SPAQ, ETF).

FIGG vs SPAQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FIGG(ETF)	SPAQ(ETF)
Net Assets	$9.90M	$9.90M
Expense Ratio	N/A	0.85%
Max Drawdown	95.11%	17.06%
Sharpe Ratio	-1.96	0.14
5Y Beta	3.05	0.00
P/E Ratio	N/A	-16.99
Forward P/E	N/A	40.16
Debt to Equity	N/A	0.00%
P/S Ratio	N/A	3.13
P/B Ratio	N/A	2.11

Net Assets

FIGG

$9.90M

SPAQ

$9.90M

Expense Ratio

FIGG

N/A

SPAQ

0.85%

Max Drawdown

FIGG

95.11%

Winner

SPAQ

17.06%

Sharpe Ratio

FIGG

-1.96

Winner

SPAQ

0.14

5Y Beta

FIGG

3.05

Winner

SPAQ

0.00

P/E Ratio

FIGG

N/A

SPAQ

-16.99

Forward P/E

FIGG

N/A

SPAQ

40.16

Debt to Equity

FIGG

N/A

SPAQ

0.00%

P/S Ratio

FIGG

N/A

SPAQ

3.13

P/B Ratio

FIGG

N/A

SPAQ

2.11

FIGG vs SPAQ - Holdings Comparison

FIGG and SPAQ have 0 common holdings. Overlap is 0.00%

FIGG's top 25 holdings weight is 4.29%. SPAQ's top 25 holdings weight is 96.39%.

Rank	FIGG	SPAQ
#1	FIRST AMERICAN TREASURY OBLIGS X (FXFXX) - 4.29%	n/a (OACC) - 5.39%
#2	N/A	n/a (NHIVU) - 4.56%
#3	N/A	n/a (TACH) - 4.42%
#4	N/A	n/a (IPFXU) - 4.34%
#5	N/A	n/a (WENN) - 4.24%
#6	N/A	n/a (EVOX) - 4.20%
#7	N/A	n/a (SAAQ) - 4.16%
#8	N/A	n/a (CEPV) - 4.13%
#9	N/A	KENSINGTON CAPITAL ACQUISITION CORP VI (n/a) - 4.13%
#10	N/A	OTG ACQUISITION CORP I CLASS A (OTGA) - 4.08%
#11	N/A	n/a (MTAL) - 4.07%
#12	N/A	ALDABRA 4 LIQUIDITY OPPORTUNITY VEHICLE INC UNITS (1 ORD CLS A &AMP; 1/3 WA (ALOV) - 4.06%
#13	N/A	n/a (WLII) - 4.04%
#14	N/A	SPARTACUS ACQUISITION CORP II CLASS A (TMTS) - 4.03%
#15	N/A	n/a (RREVU) - 4.02%
#16	N/A	n/a (DSAC) - 4.01%
#17	N/A	n/a (HCIC) - 3.99%
#18	N/A	n/a (MEVO) - 3.99%
#19	N/A	n/a (CRAN) - 3.66%
#20	N/A	n/a (ALDF) - 3.22%
#21	N/A	n/a (OYSE) - 3.09%
#22	N/A	n/a (AIIA) - 3.06%
#23	N/A	BTC DEVELOPMENT CORP CLASS A (BDCI) - 2.54%
#24	N/A	JACKSON ACQUISITION CO II CLASS A (JACS) - 2.49%
#25	N/A	NEWHOLD INVESTMENT CORP III CLASS A (NHIC) - 2.47%
Total Holdings	1	64

FIGG vs SPAQ - Historical Returns

Returns include dividend reinvestment.

Period	FIGG	SPAQ
1 month	+13.26%	+1.54%
3 months	-58.68%	+2.30%
6 months	-77.81%	+1.75%
1 year	N/A	+4.96%
Max(CAGR)	-98.07%	+5.96%

Winner

FIGG

+13.26%

SPAQ

+1.54%

FIGG

-58.68%

Winner

SPAQ

+2.30%

FIGG

-77.81%

Winner

SPAQ

+1.75%

FIGG

N/A

SPAQ

+4.96%

Max(CAGR)

FIGG

-98.07%

Winner

SPAQ

+5.96%

FIGG vs SPAQ - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	FIGG	SPAQ
2026	-76.78%	+2.70%
2025	-65.98%	+7.39%
2024	N/A	+4.68%
2023	N/A	+5.52%

FIGG vs SPAQ Drawdown Comparison

The maximum drawdown for FIGG was -95.11%, occurring on Apr 29, 2026. This drawdown has not yet recovered.

The maximum drawdown for SPAQ was -5.30%, occurring on Sep 17, 2025. Recovery took 76 trading sessions.

The current FIGG drawdown is -92.71%. The current SPAQ drawdown is -0.14%.

Rank	FIGG	SPAQ
#1	-95.11% Oct 15, 2025 - Apr 29, 2026	-5.30% Jun 20, 2025 - Oct 8, 2025
#2	N/A	-4.05% Dec 13, 2023 - Mar 18, 2024
#3	N/A	-3.95% Oct 15, 2025 - May 26, 2026
#4	N/A	-3.55% Aug 22, 2024 - Oct 18, 2024
#5	N/A	-0.96% Feb 12, 2025 - Feb 19, 2025
#6	N/A	-0.84% Nov 5, 2024 - Dec 6, 2024
#7	N/A	-0.79% Jul 27, 2023 - Aug 10, 2023
#8	N/A	-0.75% May 27, 2025 - May 29, 2025
#9	N/A	-0.71% Mar 7, 2025 - Mar 18, 2025
#10	N/A	-0.71% Jun 9, 2025 - Jun 16, 2025
#11	N/A	-0.68% Mar 21, 2025 - Apr 25, 2025
#12	N/A	-0.60% Oct 28, 2024 - Nov 5, 2024
#13	N/A	-0.52% Mar 21, 2023 - Apr 12, 2023
#14	N/A	-0.50% Nov 29, 2023 - Dec 6, 2023
#15	N/A	-0.50% May 29, 2025 - Jun 6, 2025

Correlation

Correlation between FIGG and SPAQ is -0.44 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.44

-101