SPCZ vs VTI
RiverNorth Enhanced Pre-Merger SPAC ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | SPCZ | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.90% | 0.03% | |
| AUM | $7M | $666.9B | |
| Dividend Yield | 9.67% | 1.07% | |
| Holdings | 171 | 3,543 | |
| YTD Return | +2.04% | +13.14% | |
| 1Y Return | -5.75% | +22.35% | |
| 3Y Return (annualized) | +2.41% | +21.83% | |
| 5Y Return (annualized) | - | +12.01% | |
| Volatility (annualized) | 6.5% | 15.3% | |
| Max Drawdown | -12.3% | -56.6% | |
| Fund Family | RiverNorth | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 11, 2022 | May 24, 2001 |
SPCZ vs VTI Performance
RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) is a ETF from RiverNorth and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year SPCZ returned -5.75% while VTI returned +22.35%. Year to date, SPCZ is up 2.04% versus a gain of 13.14% for VTI.
Over three years, SPCZ compounded at +2.41% per year against +21.83% for VTI. Across the full 4-year window we track, VTI has the edge at +8.09% annualized vs +3.33%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 6.5% for SPCZ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.3% for SPCZ and -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.03. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPCZ charges 0.90% per year while VTI charges 0.03%. On a $10,000 position that is $90 vs $3 annually, a gap of $87 per year that compounds over a long holding period. On income, SPCZ currently yields 9.67% against 1.07% for VTI.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, SPCZ or VTI?
SPCZ has an expense ratio of 0.90% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $87 per year of difference.
Which performed better, SPCZ or VTI?
Over the past year SPCZ returned -5.75% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (4 years), SPCZ annualized +3.33% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, SPCZ or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 6.5% for SPCZ. Worst drawdown: SPCZ -12.3% vs VTI -56.6%.
Should I hold both SPCZ and VTI?
SPCZ and VTI have a monthly-return correlation of 0.03, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPCZ and VTI?
SPCZ and VTI share 2 common holdings with a 0.1% weight overlap. Combined, they hold 2872 unique securities.
Which pays a higher dividend, SPCZ or VTI?
SPCZ yields 9.67% while VTI yields 1.07%, so SPCZ currently pays the higher dividend yield.
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