LTAX vs SPCZ
Comparison between Nomura TaxFree USA ETF (LTAX, ETF) and RIVERNORTH ENHANCED PRE-MERGER SPAC ETF (SPCZ, ETF).
LTAX vs SPCZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
LTAX
$6.20M
Winner
SPCZ
$6.30M
Expense Ratio
Winner
LTAX
0.39%
SPCZ
0.90%
Max Drawdown
Winner
LTAX
3.49%
SPCZ
12.35%
Sharpe Ratio
LTAX
0.06
Winner
SPCZ
0.22
5Y Beta
LTAX
0.16
Winner
SPCZ
0.02
P/E Ratio
LTAX
N/A
SPCZ
56.89
Debt to Equity
LTAX
N/A
SPCZ
-0.06%
P/B Ratio
LTAX
N/A
SPCZ
1.43
LTAX vs SPCZ - Historical Returns
Returns include dividend reinvestment.
1M
LTAX
+0.82%
Winner
SPCZ
+0.94%
3M
Winner
LTAX
+1.01%
SPCZ
+0.57%
6M
LTAX
N/A
SPCZ
+1.81%
1Y
LTAX
N/A
SPCZ
+5.04%
Max(CAGR)
LTAX
+3.92%
Winner
SPCZ
+6.43%
LTAX vs SPCZ - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | LTAX | SPCZ |
|---|---|---|
| 2026 | +1.52% | +1.79% |
| 2025 | N/A | +10.31% |
| 2024 | N/A | +5.42% |
| 2023 | N/A | +6.01% |
| 2022 | N/A | +1.95% |
LTAX vs SPCZ Drawdown Comparison
The maximum drawdown for LTAX was -3.18%, occurring on Mar 24, 2026. Recovery took 64 trading sessions.
The maximum drawdown for SPCZ was -4.47%, occurring on Sep 3, 2024. Recovery took 34 trading sessions.
The current LTAX drawdown is -0.38%. The current SPCZ drawdown is -1.34%.
| Rank | LTAX | SPCZ |
|---|---|---|
| #1 | -3.18% Feb 26, 2026 - May 29, 2026 | -4.47% Aug 7, 2024 - Sep 25, 2024 |
| #2 | -0.78% Jan 14, 2026 - Feb 5, 2026 | -3.82% Apr 29, 2026 - Apr 30, 2026 |
| #3 | -0.38% Jun 4, 2026 - Jun 5, 2026 | -3.50% Jun 16, 2025 - Jul 23, 2025 |
| #4 | -0.27% Feb 10, 2026 - Feb 12, 2026 | -2.86% Dec 29, 2025 - Apr 29, 2026 |
| #5 | -0.27% Feb 5, 2026 - Feb 9, 2026 | -1.34% Oct 18, 2024 - Dec 23, 2024 |
| #6 | -0.21% Jun 2, 2026 - Jun 4, 2026 | -1.21% Oct 15, 2025 - Dec 29, 2025 |
| #7 | -0.19% Feb 24, 2026 - Feb 26, 2026 | -1.11% Dec 13, 2023 - Jan 4, 2024 |
| #8 | -0.01% Feb 13, 2026 - Feb 18, 2026 | -1.00% Jul 25, 2025 - Aug 19, 2025 |
| #9 | -0.00% Feb 19, 2026 - Feb 24, 2026 | -0.94% Oct 23, 2023 - Nov 2, 2023 |
| #10 | N/A | -0.88% Jan 4, 2024 - Feb 9, 2024 |
| #11 | N/A | -0.87% Feb 13, 2023 - Mar 30, 2023 |
| #12 | N/A | -0.87% Oct 3, 2024 - Oct 18, 2024 |
| #13 | N/A | -0.83% Jun 11, 2025 - Jun 16, 2025 |
| #14 | N/A | -0.79% Jul 14, 2022 - Oct 19, 2022 |
| #15 | N/A | -0.75% Jan 10, 2025 - Feb 6, 2025 |
Correlation
Correlation between LTAX and SPCZ is 0.55 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.55
-101
Dividend Comparison (2022 - 2026)
LTAX vs SPCZ dividend yield comparison.
| Year | LTAX | SPCZ |
|---|---|---|
| 2026 | 1.34% | 0.00% |
| 2025 | 0.00% | 12.06% |
| 2024 | 0.00% | 4.24% |
| 2023 | 0.00% | 5.01% |
| 2022 | 0.00% | 0.22% |
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