FBDCvsSPCKETF Comparison
ETF 1
FBDC
FT Confluence BDC & Specialty Finance Income ETF - USD
This fund is part of
Uncategorized Equities
-0.32%
VS
FT Confluence BDC & Specialty Finance Income ETF - USD (FBDC) and SPAC and New Issue ETF (SPCK) belong to the same industry segment: Uncategorized Equities. Both ETFs have the same top 1 sector exposures: Finance. FBDC is more expensive with a Total Expense Ratio (TER) of 12.44%, versus 3.07% for SPCK. FBDC is down -3.3% year-to-date (YTD) with +$2M in YTD flows. SPCK performs better with -0.72% YTD performance, and +$559K in YTD flows. Run a side-by-side ETF comparison of FBDC and SPCK below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FBDC vs SPCK performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FBDC SPCK | -2.82%-1.91% | -0.43%-2.52% | -3.30%-0.72% | -0.95%-3.11% | n/a+10.38% | n/a-8.56% |
| Flows | FBDC SPCK | +$858K- | +$2M- | +$2M+$559K | -$219K+$559K | --$8M | --$68M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FBDC SPCK | +16.00%+11.80% | +18.18%+6.74% | n/a+6.28% | n/a+8.05% |
| Max drawdown | FBDC SPCK | -8.57%-6.90% | -14.81%-6.90% | n/a-6.95% | n/a-20.29% |
| Max drawdown duration | FBDC SPCK | 63d46d | 239d46d | n/a434d | n/a1795d |
Trading data
FBDC | SPCK | |
Last sale 10/16/2026 at 1:30 PM | $16.41 | $21.60 |
| Previous close 10/15/2026 | $16.70 | $21.64 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FBDC | SPCK | |
|---|---|---|
| Last price | $16.41 | $21.60 |
| 1D performance | -1.74% | -0.17% |
| AuM | $35.32 M | $8.11 M |
| E/R | 12.44% | 3.07% |
Characteristics
FBDC | SPCK | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | Tuttle Capital Management |
| Benchmark | - | - |
| N° of holdings | 20 | 39 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 27, 2025 | December 16, 2020 |
| ESG | No | No |
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Exposure
Countries
FBDC
USA
95.59%
Other
4.41%
SPCK
USA
76.88%
Other
23.12%
Sectors
FBDC
Finance
95.59%
Other
4.41%
SPCK
Finance
86.99%
Other
13.01%
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Diversification
FBDC
Total weight of top 15 holdings out of 15
89.25%
SPCK
Total weight of top 15 holdings out of 15
53.8%
Top 15 holdings
Data as of August 31, 2026
FBDC
Main Street Capital Corp
12.58%
Hercules Capital, Inc.
11.40%
Ares Capital Corp.
9.64%
Golub Capital BDC, Inc.
9.07%
Sixth Street Specialty Lending, Inc.
8.18%
Blackstone Secured Lending Fund
6.57%
Blue Owl Capital Corp.
6.44%
Barings BDC, Inc.
5.27%
Capital Southwest Corp
4.70%
New Mountain Finance Corp.
4.14%
MidCap Financial Investment Corp
2.64%
Bain Capital Specialty Finance, Inc.
2.33%
Oaktree Specialty Lending Corp.
2.31%
Morgan Stanley Direct Lending Fund
2.09%
Kayne Anderson BDC, Inc.
1.89%
SPCK
FR0014019QW4
7.54%
Cohen Circle Acquisition Corp. II
4.50%
FG Imperii Acquisition Corp.
4.05%
Cantor Equity Partners VI, Inc.
3.86%
Berto Acquisition Corp.
3.71%
Twelve Seas Investment Co. III
3.31%
Praetorian Acquisition Corp.
3.16%
RRE Ventures Acquisition Corp.
3.14%
Art Technology Acquisition Corp.
3.14%
Collective Acquisition Corp. II
3.13%
Tribeca Strategic Acquisition Corp.
3.12%
FutureCorp Space Acquisition 1
2.94%
West Enclave Merger Corp.
2.83%
Cantor Equity Partners I, Inc.
2.69%
Velos Acquisition I Corp.
2.67%
Frequently asked questions about FBDC and SPCK
How have the FBDC and SPCK ETFs performed in 2026?
As of October 15, 2026, FBDC is down -3.3% year-to-date (YTD), while SPCK has lost -0.72%. That puts SPCK better performer ahead so far this year.
Which ETF is attracting more investor money: FBDC or SPCK?
Year-to-date, the FBDC ETF saw +$2M in flows, compared to +$559K for SPCK.
Which ETF is more volatile: FBDC or SPCK?
Over the past year, FBDC had a volatility of 18.18%, while SPCK experienced 6.74%.
Which ETF is bigger: FBDC or SPCK?
As of October 15, 2026, FBDC holds $35.32 M in assets under management (AUM), while SPCK manages $8.11 M.
What sectors do the FBDC and SPCK ETFs invest in?
FBDC leans toward sectors like Finance. Meanwhile, SPCK focuses on Finance.
What are the top holdings of the FBDC ETF and SPCK ETF?
FBDC top holdings include Main Street Capital Corp, Hercules Capital, Inc. and Ares Capital Corp.. SPCK holds in its top three: FR0014019QW4, Cohen Circle Acquisition Corp. II and FG Imperii Acquisition Corp..
Which ETF is more diversified: FBDC or SPCK?
FBDC holds 20 securities with 89.25% of its assets in the top 15. SPCK has 42 securities and a top 15 weight of 53.8%.
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