SPAQ vs FIXP

Comparison between HORIZON KINETICS SPAC ACTIVE ETF (SPAQ, ETF) and FOLIOBEYOND ENHANCED FIXED INCOME PREMIUM ETF (FIXP, ETF).

SPAQ vs FIXP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPAQ(ETF)	FIXP(ETF)
Net Assets	$9.90M	$10M
Expense Ratio	0.85%	1.01%
Max Drawdown	17.06%	4.31%
Sharpe Ratio	0.14	0.92
5Y Beta	0.00	0.14
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

Winner

FIXP

$10M

Expense Ratio

Winner

SPAQ

0.85%

FIXP

1.01%

Max Drawdown

SPAQ

17.06%

Winner

FIXP

4.31%

Sharpe Ratio

SPAQ

0.14

Winner

FIXP

0.92

5Y Beta

Winner

SPAQ

0.00

FIXP

0.14

P/E Ratio

SPAQ

-16.99

FIXP

N/A

Forward P/E

SPAQ

40.16

FIXP

N/A

Debt to Equity

SPAQ

0.00%

FIXP

N/A

P/S Ratio

SPAQ

3.13

FIXP

N/A

P/B Ratio

SPAQ

2.11

FIXP

N/A

SPAQ vs FIXP - Holdings Comparison

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

SPAQ's top 25 holdings weight is 96.39%. FIXP's top 25 holdings weight is 99.79%.

Rank	SPAQ	FIXP
#1	n/a (OACC) - 5.39%	FOLIOBEYOND ALT INC AND INT RT HDG ETF (RISR) - 29.18%
#2	n/a (NHIVU) - 4.56%	INVESCO SENIOR LOAN ETF (BKLN) - 29.17%
#3	n/a (TACH) - 4.42%	SPDR® BLMBG ST HY BD ETF (SJNK) - 22.73%
#4	n/a (IPFXU) - 4.34%	ISHARES MORTGAGE REAL ESTATE CAPPED ETF (REM) - 9.50%
#5	n/a (WENN) - 4.24%	ISHARES 20& YEAR TREASURY BOND ETF (TLT) - 6.96%
#6	n/a (EVOX) - 4.20%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 2.25%
#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	6

SPAQ vs FIXP - Historical Returns

Returns include dividend reinvestment.

Period	SPAQ	FIXP
1 month	+1.54%	-0.22%
3 months	+2.30%	+1.43%
6 months	+1.75%	+2.10%
1 year	+4.96%	+6.60%
Max(CAGR)	+5.96%	+4.58%

Winner

SPAQ

+1.54%

FIXP

-0.22%

Winner

SPAQ

+2.30%

FIXP

+1.43%

SPAQ

+1.75%

Winner

FIXP

+2.10%

SPAQ

+4.96%

Winner

FIXP

+6.60%

Max(CAGR)

Winner

SPAQ

+5.96%

FIXP

+4.58%

SPAQ vs FIXP - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	SPAQ	FIXP
2026	+2.70%	+1.41%
2025	+7.39%	+4.72%
2024	+4.68%	N/A
2023	+5.52%	N/A

SPAQ vs FIXP Drawdown Comparison

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

The maximum drawdown for FIXP was -3.42%, occurring on Apr 8, 2025. Recovery took 86 trading sessions.

The current SPAQ drawdown is -0.14%. The current FIXP drawdown is -0.40%.

Rank	SPAQ	FIXP
#1	-5.30% Jun 20, 2025 - Oct 8, 2025	-3.42% Feb 27, 2025 - Jul 2, 2025
#2	-4.05% Dec 13, 2023 - Mar 18, 2024	-2.14% Jan 16, 2026 - Apr 8, 2026
#3	-3.95% Oct 15, 2025 - May 26, 2026	-1.17% May 6, 2026 - May 19, 2026
#4	-3.55% Aug 22, 2024 - Oct 18, 2024	-0.97% Jul 10, 2025 - Aug 14, 2025
#5	-0.96% Feb 12, 2025 - Feb 19, 2025	-0.59% Oct 3, 2025 - Oct 27, 2025
#6	-0.84% Nov 5, 2024 - Dec 6, 2024	-0.47% Jan 9, 2026 - Jan 16, 2026
#7	-0.79% Jul 27, 2023 - Aug 10, 2023	-0.34% Aug 19, 2025 - Aug 25, 2025
#8	-0.75% May 27, 2025 - May 29, 2025	-0.33% Feb 4, 2025 - Feb 10, 2025
#9	-0.71% Mar 7, 2025 - Mar 18, 2025	-0.31% May 1, 2026 - May 6, 2026
#10	-0.71% Jun 9, 2025 - Jun 16, 2025	-0.31% Feb 10, 2025 - Feb 26, 2025
#11	-0.68% Mar 21, 2025 - Apr 25, 2025	-0.30% Sep 5, 2025 - Sep 19, 2025
#12	-0.60% Oct 28, 2024 - Nov 5, 2024	-0.29% Oct 27, 2025 - Nov 4, 2025
#13	-0.52% Mar 21, 2023 - Apr 12, 2023	-0.28% Jan 29, 2025 - Feb 4, 2025
#14	-0.50% Nov 29, 2023 - Dec 6, 2023	-0.28% Sep 22, 2025 - Oct 1, 2025
#15	-0.50% May 29, 2025 - Jun 6, 2025	-0.27% Apr 28, 2026 - Apr 30, 2026