SPAQHorizon Kinetics SPAC Active ETF
Seeks to generate realized capital gains in excess of short-term interest rates on a risk adjusted basis.
By Horizon Kinetics · Launched 2023
Annual Cost
0.85%
#4,507 of 5,854 · expensive
Fund Size
$10M
#4,878 of 5,854 · small
Return (1Y)Goal
+4.6%
Track Record
3 years
#2,836 of 5,854 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,464+4.6%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 45.2% of fundmoderately concentrated
Oaktree Acquisition Corp III L
5.4%
AI Infrastructure Acquisition
5.1%
Jackson Acquisition Co II
5.0%
Titan Acquisition Corp
4.5%
Inflection Point Acquisition C
4.4%
Wen Acquisition Corp
4.2%
Evolution Global Acquisition C
4.2%
Space Asset Acquisition Corp
4.1%
Willow Lane Acquisition Corp I
4.1%
Cantor Equity Partners V Inc
4.1%
Asset allocation
Stocks
99.8%
Cash
0.2%
By sector
Financial Services
100.0%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
8.6%Low
Year-on-year price swings
Max drawdown
-64.8%Severe
Worst peak-to-trough loss
Sharpe (3Y)
0.31Below average
Sortino (3Y)
0.44Moderate downside risk
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks to generate realized capital gains in excess of short-term interest rates on a risk adjusted basis.
- Strategy
- Actively manages investments primarily in special purpose acquisition companies ("SPACs") that are expected to generate net realized capital gains. The Fund is classified as non-diversified and may hold significant cash positions during adverse conditions.
- Inception date
- January 27, 2023
- Fund family
- Horizon Kinetics
Similar funds
Same asset class, closest by strategy & exposureWhat's next?
You've looked at SPAQ. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.
Data updated on 2026-08-03