SPAQ vs BDVG
Comparison between HORIZON KINETICS SPAC ACTIVE ETF (SPAQ, ETF) and IMGP BERKSHIRE DIVIDEND GROWTH ETF (BDVG, ETF).
SPAQ vs BDVG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SPAQ
$10M
Winner
BDVG
$10M
Expense Ratio
SPAQ
0.85%
Winner
BDVG
0.55%
Max Drawdown
SPAQ
17.06%
Winner
BDVG
15.36%
Sharpe Ratio
SPAQ
0.20
Winner
BDVG
1.72
5Y Beta
Winner
SPAQ
0.00
BDVG
0.61
P/E Ratio
Winner
SPAQ
-16.72
BDVG
21.65
Forward P/E
SPAQ
40.16
Winner
BDVG
17.16
PEG Ratio
SPAQ
N/A
BDVG
0.70
5Y EPS CAGR
SPAQ
N/A
BDVG
9.91%
Debt to Equity
SPAQ
0.00%
Winner
BDVG
-118.11%
P/S Ratio
SPAQ
3.13
Winner
BDVG
2.88
P/B Ratio
Winner
SPAQ
2.08
BDVG
3.49
SPAQ vs BDVG - Holdings Comparison
SPAQ and BDVG have 1 common holdings. Overlap is -0.07%
SPAQ's top 25 holdings weight is 95.34%. BDVG's top 25 holdings weight is 75.08%.
| Rank | SPAQ | BDVG |
|---|---|---|
| #1 | n/a (OACC) - 5.27% | CHEVRON CORP (CVX) - 4.86% |
| #2 | n/a (MTAL) - 4.78% | JPMORGAN CHASE & CO (JPM) - 4.17% |
| #3 | n/a (NHIVU) - 4.53% | ABBVIE INC (ABBV) - 3.88% |
| #4 | US BANK MMDA USBGFS 7 (n/a) - 4.22% | APPLE INC (AAPL) - 3.86% |
| #5 | n/a (IPFX) - 4.21% | NUCOR CORP (NUE) - 3.61% |
| #6 | n/a (SAAQ) - 4.19% | CISCO SYSTEMS INC (CSCO) - 3.38% |
| #7 | n/a (WENN) - 4.17% | LOCKHEED MARTIN CORP (LMT) - 3.36% |
| #8 | n/a (EVOX) - 4.14% | BANK OF AMERICA CORP (BAC) - 3.18% |
| #9 | n/a (CEPV) - 4.07% | MICROSOFT CORP (MSFT) - 3.02% |
| #10 | OTG ACQUISITION CORP I CLASS A (OTGA) - 4.03% | PPL CORP (PPL) - 3.00% |
| #11 | M EVO GLOBAL ACQUISITION CORP II (n/a) - 4.01% | DELL TECHNOLOGIES INC ORDINARY SHARES CLASS C (DELL) - 2.99% |
| #12 | n/a (WLII) - 4.01% | NORFOLK SOUTHERN CORP (NSC) - 2.96% |
| #13 | n/a (KCA-U) - 3.98% | WASTE MANAGEMENT INC (WM) - 2.82% |
| #14 | n/a (ALOV) - 3.97% | EOG RESOURCES INC (EOG) - 2.80% |
| #15 | n/a (RREVU) - 3.96% | HONEYWELL INTERNATIONAL INC (HON) - 2.67% |
| #16 | n/a (DSAC) - 3.95% | WALMART INC (WMT) - 2.66% |
| #17 | SPARTACUS ACQUISITION CORP II CLASS A (TMTS) - 3.95% | KINDER MORGAN INC CLASS P (KMI) - 2.60% |
| #18 | n/a (HCIC) - 3.92% | FIXED INC CLEARING CORP.REPO (n/a) - 2.58% |
| #19 | n/a (CRAN) - 3.61% | M&T BANK CORP (MTB) - 2.56% |
| #20 | n/a (ALDF) - 3.16% | JOHNSON & JOHNSON (JNJ) - 2.42% |
| #21 | n/a (OYSE) - 3.05% | EMERSON ELECTRIC CO (EMR) - 2.42% |
| #22 | n/a (AIIA) - 3.01% | MCDONALD'S CORP (MCD) - 2.39% |
| #23 | BTC DEVELOPMENT CORP CLASS A (BDCI) - 2.50% | TE CONNECTIVITY PLC REGISTERED SHARES (TEL) - 2.34% |
| #24 | JACKSON ACQUISITION CO II CLASS A (JACS) - 2.45% | CHUBB LTD (CB) - 2.32% |
| #25 | n/a (TACH) - 2.20% | CHARLES SCHWAB CORP (SCHW) - 2.23% |
| Total Holdings | 60 | 40 |
SPAQ vs BDVG - Historical Returns
Returns include dividend reinvestment.
1M
SPAQ
+1.97%
Winner
BDVG
+5.91%
3M
SPAQ
+3.75%
Winner
BDVG
+10.51%
6M
SPAQ
+2.32%
Winner
BDVG
+12.50%
1Y
SPAQ
+4.72%
Winner
BDVG
+23.83%
Max(CAGR)
SPAQ
+6.19%
Winner
BDVG
+14.43%
SPAQ vs BDVG - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | SPAQ | BDVG |
|---|---|---|
| 2026 | +3.56% | +12.95% |
| 2025 | +7.39% | +14.36% |
| 2024 | +4.68% | +11.50% |
| 2023 | +5.52% | +3.25% |
SPAQ vs BDVG Drawdown Comparison
The maximum drawdown for SPAQ was -5.30%, occurring on Sep 17, 2025. Recovery took 76 trading sessions.
The maximum drawdown for BDVG was -14.46%, occurring on Apr 8, 2025. Recovery took 144 trading sessions.
The current SPAQ drawdown is -0.14%. The current BDVG drawdown is -0.45%.
| Rank | SPAQ | BDVG |
|---|---|---|
| #1 | -5.30% Jun 20, 2025 - Oct 8, 2025 | -14.46% Nov 29, 2024 - Jul 1, 2025 |
| #2 | -4.05% Dec 13, 2023 - Mar 18, 2024 | -11.47% Jul 25, 2023 - Dec 26, 2023 |
| #3 | -3.95% Oct 15, 2025 - May 26, 2026 | -6.70% Feb 11, 2026 - May 18, 2026 |
| #4 | -3.55% Aug 22, 2024 - Oct 18, 2024 | -5.36% Mar 28, 2024 - Jul 15, 2024 |
| #5 | -0.96% Feb 12, 2025 - Feb 19, 2025 | -4.61% Jul 17, 2024 - Aug 23, 2024 |
| #6 | -0.84% Nov 5, 2024 - Dec 6, 2024 | -3.44% Oct 27, 2025 - Dec 3, 2025 |
| #7 | -0.79% Jul 27, 2023 - Aug 10, 2023 | -3.18% Oct 18, 2024 - Nov 6, 2024 |
| #8 | -0.75% May 27, 2025 - May 29, 2025 | -2.56% Oct 3, 2025 - Oct 27, 2025 |
| #9 | -0.71% Mar 7, 2025 - Mar 18, 2025 | -2.39% Aug 30, 2024 - Sep 19, 2024 |
| #10 | -0.71% Jun 9, 2025 - Jun 16, 2025 | -2.34% Jun 4, 2026 - Jun 10, 2026 |
| #11 | -0.68% Mar 21, 2025 - Apr 25, 2025 | -2.12% Jul 25, 2025 - Aug 12, 2025 |
| #12 | -0.60% Oct 28, 2024 - Nov 5, 2024 | -1.77% Jul 3, 2025 - Jul 22, 2025 |
| #13 | -0.52% Mar 21, 2023 - Apr 12, 2023 | -1.76% Dec 28, 2023 - Jan 23, 2024 |
| #14 | -0.50% Nov 29, 2023 - Dec 6, 2023 | -1.51% Jul 3, 2023 - Jul 12, 2023 |
| #15 | -0.50% May 29, 2025 - Jun 6, 2025 | -1.44% Jan 16, 2026 - Jan 27, 2026 |
Correlation
Correlation between SPAQ and BDVG is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
Dividend Comparison (2023 - 2026)
SPAQ vs BDVG dividend yield comparison.
| Year | SPAQ | BDVG |
|---|---|---|
| 2026 | 0.00% | 0.29% |
| 2025 | 16.69% | 1.75% |
| 2024 | 3.00% | 1.69% |
| 2023 | 2.60% | 0.95% |
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