SPCZ vs VYM
RiverNorth Enhanced Pre-Merger SPAC ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | SPCZ | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.90% | 0.04% | |
| AUM | $7M | $81.6B | |
| Dividend Yield | 9.67% | 2.24% | |
| Holdings | 171 | 616 | |
| YTD Return | +2.04% | +15.60% | |
| 1Y Return | -5.75% | +23.48% | |
| 3Y Return (annualized) | +2.41% | +19.07% | |
| 5Y Return (annualized) | - | +12.50% | |
| Volatility (annualized) | 6.5% | 14.6% | |
| Max Drawdown | -12.3% | -58.8% | |
| Fund Family | RiverNorth | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 11, 2022 | Nov 10, 2006 |
SPCZ vs VYM Performance
RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) is a ETF from RiverNorth and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SPCZ returned -5.75% while VYM returned +23.48%. Year to date, SPCZ is up 2.04% versus a gain of 15.60% for VYM.
Over three years, SPCZ compounded at +2.41% per year against +19.07% for VYM. Across the full 4-year window we track, VYM has the edge at +7.05% annualized vs +3.33%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 VYM charges 0.04%. On a $10,000 position that is $90 vs $4 annually, a gap of $86 per year that compounds over a long holding period. On income, SPCZ currently yields 9.67% against 2.24% for VYM.
Holdings Overlap
SPCZ and VYM share 1 holdings out of 689 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPCZ | Weight in VYM | Difference |
|---|---|---|---|
| STT | 4.79% | 0.19% | 4.60% |
Frequently Asked Questions
Which is cheaper, SPCZ or VYM?
SPCZ has an expense ratio of 0.90% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, SPCZ or VYM?
Over the past year SPCZ returned -5.75% vs +23.48% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (4 years), SPCZ annualized +3.33% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, SPCZ or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 6.5% for SPCZ. Worst drawdown: SPCZ -12.3% vs VYM -58.8%.
Should I hold both SPCZ and VYM?
SPCZ and VYM 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 VYM?
SPCZ and VYM share 1 common holdings with a 0.2% weight overlap. Combined, they hold 689 unique securities.
Which pays a higher dividend, SPCZ or VYM?
SPCZ yields 9.67% while VYM yields 2.24%, so SPCZ currently pays the higher dividend yield.
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