MUNC vs SPCK
Comparison between NORTHERN TRUST 2045 TAX-EXEMPT DISTRIBUTING LADDER ETF (MUNC, ETF) and The SPAC and New Issue ETF (SPCK, ETF).
MUNC vs SPCK - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MUNC
$8.20M
SPCK
$8.20M
Expense Ratio
Winner
MUNC
0.18%
SPCK
2.32%
Max Drawdown
Winner
MUNC
3.38%
SPCK
32.87%
Sharpe Ratio
Winner
MUNC
0.27
SPCK
-0.22
5Y Beta
MUNC
0.06
Winner
SPCK
-0.02
MUNC vs SPCK - Holdings Comparison
MUNC and SPCK have 1 common holdings. Overlap is 0.00%
MUNC's top 25 holdings weight is 50.41%. SPCK's top 25 holdings weight is 77.27%.
| Rank | MUNC | SPCK |
|---|---|---|
| #1 | UTILITY DEBT SECURITIZATION AUTH N Y 5% (n/a) - 3.34% | BLEICHROEDER ACQUISITION CORP II UNITS (1 ORD CLS A & 1/3 WAR) (BBCQU) - 4.99% |
| #2 | NEW JERSEY ST TRANSN TR FD AUTH 5% (n/a) - 3.31% | COHEN CIRCLE ACQUISITION CORP II CLASS A SHARES (CCII) - 4.70% |
| #3 | SUN PRAIRIE WIS 5% (n/a) - 3.25% | FG IMPERII ACQUISITION CORP CLASS A (FGII) - 4.18% |
| #4 | LOS ANGELES CALIF DEPT WTR & PWR REV 5% (n/a) - 3.22% | CANTOR EQUITY PARTNERS VI INC ORDINARY SHARES CLASS A (CEPS) - 4.03% |
| #5 | IOWA FIN AUTH REV 5% (n/a) - 3.18% | BERTO ACQUISITION CORP (TACO) - 3.86% |
| #6 | WAKE CNTY N C 5% (n/a) - 3.06% | TWELVE SEAS INVESTMENT COMPANY III CLASS A (TWLV) - 3.41% |
| #7 | NEW YORK N Y 5% (n/a) - 2.92% | COLLECTIVE ACQUISITION CORP II UNITS (1 ORD CLS A & 1/2 WAR) (CAIIU) - 3.26% |
| #8 | KENTUCKY ST PPTY & BLDGS COMMN REVS 5% (n/a) - 2.19% | RRE VENTURES ACQUISITION CORP UNITS (1 CLASS A & 1/3 WAR) (RREVU) - 3.26% |
| #9 | ROUND ROCK TEX INDPT SCH DIST 5% (n/a) - 2.16% | PRAETORIAN ACQUISITION CORP UNITS (1 ORD CLS A & 1/3 WAR) (PTORU) - 3.25% |
| #10 | MASSACHUSETTS ST 5% (n/a) - 1.95% | ART TECHNOLOGY ACQUISITION CORP UNITS (1 ORD CLS A & 1/4 WAR) (ARTCU) - 3.25% |
| #11 | CENTRAL FLA TOURISM OVERSIGHT DIST 5% (n/a) - 1.87% | TRIBECA STRATEGIC ACQUISITION CORP UNITS (1 ORD CLS A & 1 RTS) (BIDWU) - 3.23% |
| #12 | FERRIS ST UNIV MICH REV 5% (n/a) - 1.87% | FUTURECORP SPACE ACQUISITION 1 UNITS (1 CLASS A & 1/2 WAR) (FTRA-U) - 3.05% |
| #13 | n/a (n/a) - 1.73% | WEST ENCLAVE MERGER CORP UNITS (1 ORD SHS & 1 RTS) (WENC-U) - 3.00% |
| #14 | DISTRICT COLUMBIA INCOME TAX REV 5% (n/a) - 1.55% | M3-BRIGADE ACQUISITION V CORP CLASS A ORDINARY SHARES (MBAV) - 2.81% |
| #15 | CASH (n/a) - 1.46% | CANTOR EQUITY PARTNERS I INC CLASS A ORDINARY SHARES (CEPO) - 2.73% |
| #16 | n/a (n/a) - 1.43% | APOGEE ACQUISITION CORP UNITS (1 ORD CLS A & 1 RTS 1 WAR) (AACPU) - 2.65% |
| #17 | SAN ANTONIO TEX ELEC & GAS REV 5% (n/a) - 1.43% | FOREFRONT TECH HOLDINGS ACQUISITION CORP UNITS (1 ORD CLS A & 1/2 WAR) (FTHAU) - 2.63% |
| #18 | n/a (n/a) - 1.41% | ART TECHNOLOGY ACQUISITIO (n/a) - 2.58% |
| #19 | QUITMAN TEX INDPT SCH DIST 5% (n/a) - 1.39% | NEW PROVIDENCE ACQUISITION CORP III CLASS A ORDINARY SHARES (NPAC) - 2.50% |
| #20 | ST PAUL MINN INDPT SCH DIST NO 625 5% (n/a) - 1.35% | CSLM DIGITAL ASSET ACQUISITION CORP III LTD CLASS A ORDINARY SHARES (KOYN) - 2.44% |
| #21 | MADISON CNTY ALA BRD ED CAP OUTLAY 5% (n/a) - 1.31% | MILUNA ACQUISITION CORP ORDINARY SHARES CLASS A (MMTX) - 2.44% |
| #22 | UNIVERSITY WASH UNIV REVS 5% (n/a) - 1.28% | CANTOR EQUITY PARTNERS VII INC CLASS A (CAES) - 2.43% |
| #23 | NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% (n/a) - 1.27% | SPACSPHERE ACQUISITION CORP CLASS A (SSAC) - 2.40% |
| #24 | MANSFIELD TEX INDPT SCH DIST 5% (n/a) - 1.26% | MELAR ACQUISITION CORP I ORDINARY SHARES CLASS A (MACI) - 2.11% |
| #25 | n/a (n/a) - 1.22% | CASH AND CASH EQUIVALENTS (n/a) - 2.08% |
| Total Holdings | 108 | 50 |
MUNC vs SPCK - Historical Returns
Returns include dividend reinvestment.
1M
MUNC
-0.76%
Winner
SPCK
-0.07%
3M
MUNC
-0.52%
Winner
SPCK
+0.51%
6M
MUNC
-0.34%
Winner
SPCK
+1.05%
1Y
Winner
MUNC
+4.13%
SPCK
+2.72%
5Y(CAGR)
MUNC
N/A
SPCK
-1.41%
Max(CAGR)
Winner
MUNC
+4.50%
SPCK
+1.22%
MUNC vs SPCK - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | MUNC | SPCK |
|---|---|---|
| 2026 | +0.29% | +1.79% |
| 2025 | +3.78% | +7.85% |
| 2024 | N/A | +2.84% |
| 2023 | N/A | -4.26% |
| 2022 | N/A | -12.31% |
| 2021 | N/A | +9.66% |
| 2020 | N/A | +3.00% |
MUNC vs SPCK Drawdown Comparison
The maximum drawdown for MUNC was -3.17%, occurring on Mar 27, 2026. This drawdown has not yet recovered.
The maximum drawdown for SPCK was -28.29%, occurring on Feb 8, 2023. This drawdown has not yet recovered.
The current MUNC drawdown is -1.93%. The current SPCK drawdown is -16.64%.
| Rank | MUNC | SPCK |
|---|---|---|
| #1 | -3.17% Feb 26, 2026 - Mar 27, 2026 | -28.29% Feb 16, 2021 - Feb 8, 2023 |
| #2 | -0.57% Sep 17, 2025 - Oct 10, 2025 | -6.44% Jan 25, 2021 - Feb 2, 2021 |
| #3 | -0.56% Jan 16, 2026 - Jan 28, 2026 | -1.94% Dec 28, 2020 - Jan 7, 2021 |
| #4 | -0.33% Nov 11, 2025 - Dec 23, 2025 | -1.27% Jan 14, 2021 - Jan 20, 2021 |
| #5 | -0.25% Oct 24, 2025 - Nov 7, 2025 | -1.15% Feb 8, 2021 - Feb 16, 2021 |
| #6 | -0.18% Feb 3, 2026 - Feb 5, 2026 | N/A |
| #7 | -0.14% Feb 17, 2026 - Feb 23, 2026 | N/A |
| #8 | -0.09% Dec 23, 2025 - Dec 30, 2025 | N/A |
| #9 | -0.09% Aug 29, 2025 - Sep 4, 2025 | N/A |
| #10 | -0.07% Aug 19, 2025 - Aug 22, 2025 | N/A |
| #11 | -0.06% Feb 24, 2026 - Feb 26, 2026 | N/A |
| #12 | -0.04% Oct 17, 2025 - Oct 21, 2025 | N/A |
| #13 | -0.04% Feb 10, 2026 - Feb 12, 2026 | N/A |
| #14 | -0.03% Oct 10, 2025 - Oct 14, 2025 | N/A |
| #15 | -0.03% Oct 22, 2025 - Oct 24, 2025 | N/A |
Correlation
Correlation between MUNC and SPCK is 0.74 which considered as a strong positive correlation - the stocks tend to move together.
0.74
-101
Dividend Comparison (2021 - 2026)
MUNC vs SPCK dividend yield comparison.
| Year | MUNC | SPCK |
|---|---|---|
| 2026 | 1.62% | 0.00% |
| 2025 | 1.15% | 16.48% |
| 2024 | 0.00% | 0.69% |
| 2023 | 0.00% | 2.27% |
| 2021 | 0.00% | 1.28% |
Select Stocks to Compare
Popular: MUNC vs SPYSPCK vs SPY
More Comparisons
Compare with similar stocks