SPAQ vs FDND
Comparison between HORIZON KINETICS SPAC ACTIVE ETF (SPAQ, ETF) and FT VEST DOW JONES INTERNET & TARGET INCOME ETF (FDND, ETF).
SPAQ vs FDND - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SPAQ
$10M
Winner
FDND
$10M
Expense Ratio
SPAQ
0.85%
Winner
FDND
0.75%
Max Drawdown
Winner
SPAQ
17.06%
FDND
25.15%
Sharpe Ratio
Winner
SPAQ
0.20
FDND
-0.13
5Y Beta
Winner
SPAQ
0.00
FDND
1.09
P/E Ratio
Winner
SPAQ
-16.72
FDND
37.23
Forward P/E
SPAQ
40.16
Winner
FDND
24.91
5Y EPS CAGR
SPAQ
N/A
FDND
25.33%
Debt to Equity
Winner
SPAQ
0.00%
FDND
37.08%
P/S Ratio
Winner
SPAQ
3.13
FDND
5.54
P/B Ratio
Winner
SPAQ
2.08
FDND
7.88
SPAQ vs FDND - Holdings Comparison
SPAQ and FDND have 1 common holdings. Overlap is -0.26%
SPAQ's top 25 holdings weight is 95.34%. FDND's top 25 holdings weight is 90.95%.
| Rank | SPAQ | FDND |
|---|---|---|
| #1 | n/a (OACC) - 5.27% | AMAZON.COM INC (AMZN) - 10.32% |
| #2 | n/a (MTAL) - 4.78% | CISCO SYSTEMS INC (CSCO) - 9.16% |
| #3 | n/a (NHIVU) - 4.53% | META PLATFORMS INC CLASS A (META) - 7.81% |
| #4 | US BANK MMDA USBGFS 7 (n/a) - 4.22% | NETFLIX INC (NFLX) - 6.37% |
| #5 | n/a (IPFX) - 4.21% | ALPHABET INC CLASS A (GOOGL) - 5.57% |
| #6 | n/a (SAAQ) - 4.19% | ARISTA NETWORKS INC (ANET) - 4.88% |
| #7 | n/a (WENN) - 4.17% | ALPHABET INC CLASS C (GOOG) - 4.43% |
| #8 | n/a (EVOX) - 4.14% | SALESFORCE INC (CRM) - 3.98% |
| #9 | n/a (CEPV) - 4.07% | SNOWFLAKE INC ORDINARY SHARES (SNOW) - 3.86% |
| #10 | OTG ACQUISITION CORP I CLASS A (OTGA) - 4.03% | CIENA CORP (CIEN) - 3.82% |
| #11 | M EVO GLOBAL ACQUISITION CORP II (n/a) - 4.01% | DATADOG INC CLASS A (DDOG) - 3.81% |
| #12 | n/a (WLII) - 4.01% | CLOUDFLARE INC (NET) - 3.73% |
| #13 | n/a (KCA-U) - 3.98% | BOOKING HOLDINGS INC (BKNG) - 3.72% |
| #14 | n/a (ALOV) - 3.97% | DOORDASH INC ORDINARY SHARES CLASS A (DASH) - 2.53% |
| #15 | n/a (RREVU) - 3.96% | AIRBNB INC ORDINARY SHARES CLASS A (ABNB) - 2.46% |
| #16 | n/a (DSAC) - 3.95% | EBAY INC (EBAY) - 2.12% |
| #17 | SPARTACUS ACQUISITION CORP II CLASS A (TMTS) - 3.95% | CARVANA CO CLASS A (CVNA) - 2.00% |
| #18 | n/a (HCIC) - 3.92% | PAYPAL HOLDINGS INC (PYPL) - 1.77% |
| #19 | n/a (CRAN) - 3.61% | WORKDAY INC CLASS A (WDAY) - 1.37% |
| #20 | n/a (ALDF) - 3.16% | ZOOM COMMUNICATIONS INC (ZM) - 1.28% |
| #21 | n/a (OYSE) - 3.05% | ROBLOX CORP ORDINARY SHARES CLASS A (RBLX) - 1.28% |
| #22 | n/a (AIIA) - 3.01% | COREWEAVE INC ORDINARY SHARES CLASS A (CRWV) - 1.24% |
| #23 | BTC DEVELOPMENT CORP CLASS A (BDCI) - 2.50% | COPART INC (CPRT) - 1.19% |
| #24 | JACKSON ACQUISITION CO II CLASS A (JACS) - 2.45% | VEEVA SYSTEMS INC CLASS A (VEEV) - 1.19% |
| #25 | n/a (TACH) - 2.20% | VERISIGN INC (VRSN) - 1.06% |
| Total Holdings | 60 | 44 |
SPAQ vs FDND - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SPAQ
+1.97%
FDND
+0.34%
3M
SPAQ
+3.75%
Winner
FDND
+7.10%
6M
Winner
SPAQ
+2.32%
FDND
-3.42%
1Y
Winner
SPAQ
+4.72%
FDND
-0.19%
Max(CAGR)
SPAQ
+6.19%
Winner
FDND
+9.65%
SPAQ vs FDND - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | SPAQ | FDND |
|---|---|---|
| 2026 | +3.56% | -1.95% |
| 2025 | +7.39% | +9.42% |
| 2024 | +4.68% | +15.80% |
| 2023 | +5.52% | N/A |
SPAQ vs FDND Drawdown Comparison
The maximum drawdown for SPAQ was -5.30%, occurring on Sep 17, 2025. Recovery took 76 trading sessions.
The maximum drawdown for FDND was -24.10%, occurring on Apr 8, 2025. Recovery took 91 trading sessions.
The current SPAQ drawdown is -0.14%. The current FDND drawdown is -9.64%.
| Rank | SPAQ | FDND |
|---|---|---|
| #1 | -5.30% Jun 20, 2025 - Oct 8, 2025 | -24.10% Feb 14, 2025 - Jun 27, 2025 |
| #2 | -4.05% Dec 13, 2023 - Mar 18, 2024 | -20.49% Sep 19, 2025 - Mar 30, 2026 |
| #3 | -3.95% Oct 15, 2025 - May 26, 2026 | -12.81% Apr 11, 2024 - Sep 24, 2024 |
| #4 | -3.55% Aug 22, 2024 - Oct 18, 2024 | -5.12% Dec 11, 2024 - Jan 22, 2025 |
| #5 | -0.96% Feb 12, 2025 - Feb 19, 2025 | -3.34% Nov 13, 2024 - Nov 22, 2024 |
| #6 | -0.84% Nov 5, 2024 - Dec 6, 2024 | -3.16% Jul 31, 2025 - Aug 27, 2025 |
| #7 | -0.79% Jul 27, 2023 - Aug 10, 2023 | -1.89% Sep 9, 2025 - Sep 19, 2025 |
| #8 | -0.75% May 27, 2025 - May 29, 2025 | -1.84% Jul 9, 2025 - Jul 21, 2025 |
| #9 | -0.71% Mar 7, 2025 - Mar 18, 2025 | -1.70% Oct 18, 2024 - Oct 29, 2024 |
| #10 | -0.71% Jun 9, 2025 - Jun 16, 2025 | -1.69% Mar 22, 2024 - Apr 5, 2024 |
| #11 | -0.68% Mar 21, 2025 - Apr 25, 2025 | -1.49% Dec 6, 2024 - Dec 11, 2024 |
| #12 | -0.60% Oct 28, 2024 - Nov 5, 2024 | -1.39% Oct 4, 2024 - Oct 9, 2024 |
| #13 | -0.52% Mar 21, 2023 - Apr 12, 2023 | -1.35% Aug 28, 2025 - Sep 4, 2025 |
| #14 | -0.50% Nov 29, 2023 - Dec 6, 2023 | -1.30% Jan 24, 2025 - Jan 28, 2025 |
| #15 | -0.50% May 29, 2025 - Jun 6, 2025 | -1.22% Jun 30, 2025 - Jul 9, 2025 |
Correlation
Correlation between SPAQ and FDND is 0.81 which considered as a strong positive correlation - the stocks tend to move together.
0.81
-101
Dividend Comparison (2023 - 2026)
SPAQ vs FDND dividend yield comparison.
| Year | SPAQ | FDND |
|---|---|---|
| 2026 | 0.00% | 3.30% |
| 2025 | 16.69% | 8.11% |
| 2024 | 3.00% | 5.51% |
| 2023 | 2.60% | 0.00% |
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