SPCZ vs LTAX
Comparison between RIVERNORTH ENHANCED PRE-MERGER SPAC ETF (SPCZ, ETF) and Nomura TaxFree USA ETF (LTAX, ETF).
SPCZ vs LTAX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SPCZ
$6.30M
LTAX
$6.30M
Expense Ratio
SPCZ
0.90%
Winner
LTAX
0.39%
Max Drawdown
SPCZ
12.35%
Winner
LTAX
3.49%
Sharpe Ratio
SPCZ
0.17
Winner
LTAX
0.17
5Y Beta
Winner
SPCZ
-0.00
LTAX
0.16
P/E Ratio
SPCZ
56.28
LTAX
N/A
Debt to Equity
SPCZ
-0.03%
LTAX
N/A
P/B Ratio
SPCZ
1.42
LTAX
N/A
SPCZ vs LTAX - Historical Returns
Returns include dividend reinvestment.
1M
SPCZ
+0.59%
Winner
LTAX
+1.94%
3M
SPCZ
+1.52%
Winner
LTAX
+1.79%
6M
SPCZ
+1.75%
Winner
LTAX
+1.98%
1Y
SPCZ
+4.01%
LTAX
N/A
Max(CAGR)
Winner
SPCZ
+6.41%
LTAX
+4.79%
SPCZ vs LTAX - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | SPCZ | LTAX |
|---|---|---|
| 2026 | +1.88% | +1.98% |
| 2025 | +10.31% | N/A |
| 2024 | +5.42% | N/A |
| 2023 | +6.01% | N/A |
| 2022 | +1.95% | N/A |
SPCZ vs LTAX Drawdown Comparison
The maximum drawdown for SPCZ was -4.47%, occurring on Sep 3, 2024. Recovery took 34 trading sessions.
The maximum drawdown for LTAX was -3.18%, occurring on Mar 24, 2026. Recovery took 64 trading sessions.
The current SPCZ drawdown is -3.51%.
| Rank | SPCZ | LTAX |
|---|---|---|
| #1 | -4.47% Aug 7, 2024 - Sep 25, 2024 | -3.18% Feb 26, 2026 - May 29, 2026 |
| #2 | -3.82% Apr 29, 2026 - Jun 10, 2026 | -0.78% Jan 14, 2026 - Feb 5, 2026 |
| #3 | -3.51% Jun 10, 2026 - Jun 15, 2026 | -0.51% Jun 4, 2026 - Jun 15, 2026 |
| #4 | -3.50% Jun 16, 2025 - Jul 23, 2025 | -0.27% Feb 10, 2026 - Feb 12, 2026 |
| #5 | -2.86% Dec 29, 2025 - Apr 29, 2026 | -0.27% Feb 5, 2026 - Feb 9, 2026 |
| #6 | -1.34% Oct 18, 2024 - Dec 23, 2024 | -0.21% Jun 2, 2026 - Jun 4, 2026 |
| #7 | -1.21% Oct 15, 2025 - Dec 29, 2025 | -0.19% Feb 24, 2026 - Feb 26, 2026 |
| #8 | -1.11% Dec 13, 2023 - Jan 4, 2024 | -0.01% Feb 13, 2026 - Feb 18, 2026 |
| #9 | -1.00% Jul 25, 2025 - Aug 19, 2025 | -0.00% Feb 19, 2026 - Feb 24, 2026 |
| #10 | -0.94% Oct 23, 2023 - Nov 2, 2023 | N/A |
| #11 | -0.88% Jan 4, 2024 - Feb 9, 2024 | N/A |
| #12 | -0.87% Feb 13, 2023 - Mar 30, 2023 | N/A |
| #13 | -0.87% Oct 3, 2024 - Oct 18, 2024 | N/A |
| #14 | -0.83% Jun 11, 2025 - Jun 16, 2025 | N/A |
| #15 | -0.79% Jul 14, 2022 - Oct 19, 2022 | N/A |
Correlation
Correlation between SPCZ and LTAX is 0.62 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.62
-101
Dividend Comparison (2022 - 2026)
SPCZ vs LTAX dividend yield comparison.
| Year | SPCZ | LTAX |
|---|---|---|
| 2026 | 0.00% | 1.34% |
| 2025 | 12.06% | 0.00% |
| 2024 | 4.24% | 0.00% |
| 2023 | 5.01% | 0.00% |
| 2022 | 0.22% | 0.00% |
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