SPCZ vs LCDL

Comparison between RIVERNORTH ENHANCED PRE-MERGER SPAC ETF (SPCZ, ETF) and GRANITESHARES 2X LONG LCID DAILY ETF (LCDL, ETF).

SPCZ vs LCDL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPCZ(ETF)	LCDL(ETF)
Net Assets	$6.30M	$6.40M
Expense Ratio	0.90%	N/A
Max Drawdown	12.35%	98.50%
Sharpe Ratio	0.22	-1.71
5Y Beta	0.02	3.99
P/E Ratio	56.89	N/A
Debt to Equity	-0.06%	N/A
P/B Ratio	1.43	N/A

Net Assets

SPCZ

$6.30M

Winner

LCDL

$6.40M

Expense Ratio

SPCZ

0.90%

LCDL

N/A

Max Drawdown

Winner

SPCZ

12.35%

LCDL

98.50%

Sharpe Ratio

Winner

SPCZ

0.22

LCDL

-1.71

5Y Beta

Winner

SPCZ

0.02

LCDL

3.99

P/E Ratio

SPCZ

56.89

LCDL

N/A

Debt to Equity

SPCZ

-0.06%

LCDL

N/A

P/B Ratio

SPCZ

1.43

LCDL

N/A

SPCZ vs LCDL - Historical Returns

Returns include dividend reinvestment.

Period	SPCZ	LCDL
1 month	+0.94%	-34.67%
3 months	+0.57%	-76.75%
6 months	+1.81%	-89.30%
1 year	+5.04%	-97.05%
Max(CAGR)	+6.43%	-96.55%

Winner

SPCZ

+0.94%

LCDL

-34.67%

Winner

SPCZ

+0.57%

LCDL

-76.75%

Winner

SPCZ

+1.81%

LCDL

-89.30%

Winner

SPCZ

+5.04%

LCDL

-97.05%

Max(CAGR)

Winner

SPCZ

+6.43%

LCDL

-96.55%

SPCZ vs LCDL - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	SPCZ	LCDL
2026	+1.79%	-83.87%
2025	+10.31%	-87.02%
2024	+5.42%	N/A
2023	+6.01%	N/A
2022	+1.95%	N/A

SPCZ vs LCDL Drawdown Comparison

The maximum drawdown for SPCZ was -4.47%, occurring on Sep 3, 2024. Recovery took 34 trading sessions.

The maximum drawdown for LCDL was -98.50%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The current SPCZ drawdown is -1.34%. The current LCDL drawdown is -98.50%.

Rank	SPCZ	LCDL
#1	-4.47% Aug 7, 2024 - Sep 25, 2024	-98.50% May 20, 2025 - Jun 5, 2026
#2	-3.82% Apr 29, 2026 - Apr 30, 2026	-23.36% Apr 29, 2025 - May 12, 2025
#3	-3.50% Jun 16, 2025 - Jul 23, 2025	-10.62% May 16, 2025 - May 20, 2025
#4	-2.86% Dec 29, 2025 - Apr 29, 2026	-5.20% May 14, 2025 - May 16, 2025
#5	-1.34% Oct 18, 2024 - Dec 23, 2024	N/A
#6	-1.21% Oct 15, 2025 - Dec 29, 2025	N/A
#7	-1.11% Dec 13, 2023 - Jan 4, 2024	N/A
#8	-1.00% Jul 25, 2025 - Aug 19, 2025	N/A
#9	-0.94% Oct 23, 2023 - Nov 2, 2023	N/A
#10	-0.88% Jan 4, 2024 - Feb 9, 2024	N/A
#11	-0.87% Feb 13, 2023 - Mar 30, 2023	N/A
#12	-0.87% Oct 3, 2024 - Oct 18, 2024	N/A
#13	-0.83% Jun 11, 2025 - Jun 16, 2025	N/A
#14	-0.79% Jul 14, 2022 - Oct 19, 2022	N/A
#15	-0.75% Jan 10, 2025 - Feb 6, 2025	N/A