SPCZ vs STAX
Comparison between RIVERNORTH ENHANCED PRE-MERGER SPAC ETF (SPCZ, ETF) and MACQUARIE TAX-FREE USA SHORT TERM ETF (STAX, ETF).
SPCZ vs STAX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SPCZ
$6.30M
STAX
$6.30M
Expense Ratio
SPCZ
0.90%
Winner
STAX
0.29%
Max Drawdown
SPCZ
12.35%
Winner
STAX
2.09%
Sharpe Ratio
SPCZ
0.22
Winner
STAX
0.38
5Y Beta
SPCZ
0.02
Winner
STAX
-0.00
P/E Ratio
SPCZ
56.89
STAX
N/A
Debt to Equity
SPCZ
-0.06%
STAX
N/A
P/B Ratio
SPCZ
1.43
STAX
N/A
SPCZ vs STAX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SPCZ
+0.94%
STAX
+0.30%
3M
Winner
SPCZ
+0.57%
STAX
+0.06%
6M
Winner
SPCZ
+1.81%
STAX
+1.47%
1Y
Winner
SPCZ
+5.04%
STAX
+3.95%
Max(CAGR)
Winner
SPCZ
+6.43%
STAX
+3.70%
SPCZ vs STAX - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | SPCZ | STAX |
|---|---|---|
| 2026 | +1.79% | +1.06% |
| 2025 | +10.31% | +4.06% |
| 2024 | +5.42% | +2.58% |
| 2023 | +6.01% | +1.45% |
| 2022 | +1.95% | N/A |
SPCZ vs STAX Drawdown Comparison
The maximum drawdown for SPCZ was -4.47%, occurring on Sep 3, 2024. Recovery took 34 trading sessions.
The maximum drawdown for STAX was -1.42%, occurring on Apr 11, 2025. Recovery took 42 trading sessions.
The current SPCZ drawdown is -1.34%. The current STAX drawdown is -0.22%.
| Rank | SPCZ | STAX |
|---|---|---|
| #1 | -4.47% Aug 7, 2024 - Sep 25, 2024 | -1.42% Apr 4, 2025 - Jun 5, 2025 |
| #2 | -3.82% Apr 29, 2026 - Apr 30, 2026 | -1.05% Feb 27, 2026 - Mar 24, 2026 |
| #3 | -3.50% Jun 16, 2025 - Jul 23, 2025 | -0.86% Mar 20, 2024 - Jun 14, 2024 |
| #4 | -2.86% Dec 29, 2025 - Apr 29, 2026 | -0.65% Sep 27, 2024 - Nov 25, 2024 |
| #5 | -1.34% Oct 18, 2024 - Dec 23, 2024 | -0.55% Dec 6, 2024 - Jan 27, 2025 |
| #6 | -1.21% Oct 15, 2025 - Dec 29, 2025 | -0.55% Dec 27, 2023 - Feb 1, 2024 |
| #7 | -1.11% Dec 13, 2023 - Jan 4, 2024 | -0.51% Feb 28, 2025 - Apr 3, 2025 |
| #8 | -1.00% Jul 25, 2025 - Aug 19, 2025 | -0.44% Feb 1, 2024 - Mar 5, 2024 |
| #9 | -0.94% Oct 23, 2023 - Nov 2, 2023 | -0.42% Sep 16, 2025 - Dec 18, 2025 |
| #10 | -0.88% Jan 4, 2024 - Feb 9, 2024 | -0.18% Feb 10, 2025 - Feb 21, 2025 |
| #11 | -0.87% Feb 13, 2023 - Mar 30, 2023 | -0.17% Jun 25, 2024 - Jul 3, 2024 |
| #12 | -0.87% Oct 3, 2024 - Oct 18, 2024 | -0.15% Aug 2, 2024 - Aug 14, 2024 |
| #13 | -0.83% Jun 11, 2025 - Jun 16, 2025 | -0.13% Mar 13, 2024 - Mar 20, 2024 |
| #14 | -0.79% Jul 14, 2022 - Oct 19, 2022 | -0.08% Aug 14, 2024 - Aug 20, 2024 |
| #15 | -0.75% Jan 10, 2025 - Feb 6, 2025 | -0.08% Aug 29, 2025 - Sep 4, 2025 |
Correlation
Correlation between SPCZ and STAX is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (2022 - 2026)
SPCZ vs STAX dividend yield comparison.
| Year | SPCZ | STAX |
|---|---|---|
| 2026 | 0.00% | 1.35% |
| 2025 | 12.06% | 3.16% |
| 2024 | 4.24% | 3.43% |
| 2023 | 5.01% | 0.00% |
| 2022 | 0.22% | 0.00% |
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