SPAQ vs FIGG

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

SPAQ vs FIGG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

SPAQ

$9.90M

FIGG

$9.90M

Expense Ratio

SPAQ

0.85%

FIGG

N/A

Max Drawdown

Winner

SPAQ

17.06%

FIGG

95.11%

Sharpe Ratio

Winner

SPAQ

0.14

FIGG

-1.96

5Y Beta

Winner

SPAQ

0.00

FIGG

3.05

P/E Ratio

SPAQ

-16.99

FIGG

N/A

Forward P/E

SPAQ

40.16

FIGG

N/A

Debt to Equity

SPAQ

0.00%

FIGG

N/A

P/S Ratio

SPAQ

3.13

FIGG

N/A

P/B Ratio

SPAQ

2.11

FIGG

N/A

SPAQ vs FIGG - Holdings Comparison

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

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

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

SPAQ vs FIGG - Historical Returns

Returns include dividend reinvestment.

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

SPAQ

+1.54%

Winner

FIGG

+13.26%

Winner

SPAQ

+2.30%

FIGG

-58.68%

Winner

SPAQ

+1.75%

FIGG

-77.81%

SPAQ

+4.96%

FIGG

N/A

Max(CAGR)

Winner

SPAQ

+5.96%

FIGG

-98.07%

SPAQ vs FIGG - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

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

SPAQ vs FIGG Drawdown Comparison

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

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

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

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

Correlation

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

-0.44

-101