Performance analysis of SPAQ (HORIZON KINETICS SPAC ACTIVE ETF)
Annual Return
Over the past 3 years, SPAQ has had an average annual return of +5.87%, underperforming the benchmark SPY, which returned +22.45% annual.
Since Jan 30, 2023, SPAQ has had an average annual return of +6%, underperforming the benchmark SPY, which returned +22.38% annual.
| 2026 | 2025 | 2024 | 2023 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| +2.81% | +7.36% | +4.33% | +5.52% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.26% | -0.95% | -0.24% | +1.69% | +0.83% | +0.21% | +2.81% | ||||||
| 2025 | +0.30% | +0.92% | +1.24% | +0.68% | +2.11% | +1.04% | -0.28% | -0.40% | +0.08% | +2.03% | +0.61% | -1.16% | +7.36% |
| 2024 | +0.06% | -0% | +0.78% | +0.52% | +0.30% | -0.07% | +0.30% | +0.39% | -0.20% | +1.46% | -0.12% | +0.85% | +4.33% |
| 2023 | +0.55% | +0.71% | +0.26% | +0.23% | +0.61% | +0.46% | +0.43% | +0.81% | +0.46% | +0.13% | +0.15% | +0.59% | +5.52% |
Drawdown analysis of SPAQ (HORIZON KINETICS SPAC ACTIVE ETF)
The maximum drawdown for the SPAQ was -5.30%, occurring on Sep 17, 2025. Recovery took 15 trading sessions.
The current SPAQ drawdown is -0.01%.
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.30% | Jun 20, 2025 | 61 | Sep 17, 2025 | 15 | Oct 8, 2025 | 76 |
| -4.04% | Dec 13, 2023 | 45 | Feb 20, 2024 | 19 | Mar 18, 2024 | 64 |
| -3.95% | Oct 15, 2025 | 6 | Oct 23, 2025 | 146 | May 26, 2026 | 152 |
| -3.56% | Aug 22, 2024 | 36 | Oct 14, 2024 | 4 | Oct 18, 2024 | 40 |
| -0.96% | Feb 12, 2025 | 1 | Feb 13, 2025 | 3 | Feb 19, 2025 | 4 |
| -0.84% | Nov 5, 2024 | 1 | Nov 6, 2024 | 21 | Dec 6, 2024 | 22 |
| -0.79% | Jul 27, 2023 | 8 | Aug 8, 2023 | 2 | Aug 10, 2023 | 10 |
| -0.75% | May 27, 2025 | 1 | May 28, 2025 | 1 | May 29, 2025 | 2 |
| -0.72% | Mar 7, 2025 | 2 | Mar 11, 2025 | 5 | Mar 18, 2025 | 7 |
| -0.71% | Jun 9, 2025 | 1 | Jun 10, 2025 | 4 | Jun 16, 2025 | 5 |
| -0.68% | Mar 21, 2025 | 14 | Apr 10, 2025 | 10 | Apr 25, 2025 | 24 |
| -0.61% | Oct 28, 2024 | 1 | Oct 29, 2024 | 5 | Nov 5, 2024 | 6 |
| -0.52% | Mar 21, 2023 | 4 | Mar 27, 2023 | 11 | Apr 12, 2023 | 15 |
| -0.50% | Nov 29, 2023 | 3 | Dec 4, 2023 | 2 | Dec 6, 2023 | 5 |
| -0.50% | May 29, 2025 | 5 | Jun 5, 2025 | 1 | Jun 6, 2025 | 6 |
| -0.45% | Sep 26, 2023 | 8 | Oct 6, 2023 | 1 | Oct 9, 2023 | 9 |
| -0.43% | May 24, 2023 | 1 | May 25, 2023 | 7 | Jun 6, 2023 | 8 |
| -0.41% | Jun 16, 2025 | 2 | Jun 18, 2025 | 1 | Jun 20, 2025 | 3 |
| -0.39% | Apr 17, 2023 | 1 | Apr 18, 2023 | 11 | May 3, 2023 | 12 |
| -0.39% | Sep 11, 2023 | 6 | Sep 19, 2023 | 5 | Sep 26, 2023 | 11 |
| -0.36% | May 17, 2023 | 4 | May 23, 2023 | 1 | May 24, 2023 | 5 |
| -0.36% | Feb 28, 2023 | 1 | Mar 1, 2023 | 6 | Mar 9, 2023 | 7 |
| -0.36% | Aug 23, 2023 | 8 | Sep 5, 2023 | 1 | Sep 6, 2023 | 9 |
| -0.33% | Apr 12, 2023 | 2 | Apr 14, 2023 | 1 | Apr 17, 2023 | 3 |
| -0.33% | Dec 16, 2024 | 2 | Dec 18, 2024 | 6 | Dec 27, 2024 | 8 |