- Issuer
- F/m Investments
- Inception Date
- Aug 1, 2014
- Category
- Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $29M
Share Price Chart
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Performance
SPIT Performance Chart
F/m Emerald Special Situations ETF (SPIT) is up 30.4% since the beginning of the year. SPIT is currently trading at $34 per share.
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Returns By Period
F/m Emerald Special Situations ETF
- 1D
- -0.18%
- 1M
- 4.82%
- YTD
- 30.41%
- 6M
- 28.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SPIT Monthly Returns History
Based on dividend-adjusted daily data since Oct 6, 2025, SPIT's average daily return is +0.19%, while the average monthly return is +3.78%. At this rate, an investment would double in approximately 1.6 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2026 with a return of +17.9%, while the worst month was Mar 2026 at -6.4%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.
On a daily basis, SPIT closed higher 57% of trading days. The best single day was Feb 6, 2026 with a return of +5.2%, while the worst single day was Nov 13, 2025 at -4.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.07% | 2.07% | -6.38% | 17.90% | 5.02% | 2.94% | 30.41% | ||||||
| 2025 | 7.21% | -1.32% | -0.46% | 5.31% |
Benchmark Metrics
F/m Emerald Special Situations ETF has an annualized alpha of 26.40%, beta of 1.56, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since October 06, 2025.
- This ETF captured 227.75% of S&P 500 Index gains but only 30.11% of its losses - a favorable profile for investors.
- This ETF generated an annualized alpha of 26.40% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 1.56 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- 26.40%
- Beta
- 1.56
- R²
- 0.65
- Upside Capture
- 227.75%
- Downside Capture
- 30.11%
Expense Ratio
SPIT has an expense ratio of 0.89%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for F/m Emerald Special Situations ETF (SPIT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPIT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
F/m Emerald Special Situations ETF provided a 5.51% dividend yield over the last twelve months, with an annual payout of $1.86 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $1.86 | $1.86 |
Dividend yield | 5.51% | 7.18% |
Monthly Dividends
The table displays the monthly dividend distributions for F/m Emerald Special Situations ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $1.86 | $0.00 | $1.86 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the F/m Emerald Special Situations ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the F/m Emerald Special Situations ETF was 12.49%, occurring on Mar 30, 2026. Recovery took 10 trading sessions.
The current F/m Emerald Special Situations ETF drawdown is 0.18%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 correction2026 | -12.49%Mar 2026 | 1mo 2d | 15d | 1mo 17dFeb 2026 - Apr 2026 |
2025 correction2025 | -10.28%Nov 2025 | 17d | 14d | 1mo 1dNov 2025 - Dec 2025 |
2026 pullback2026 | -7.72%Feb 2026 | 13d | 14d | 27dJan 2026 - Feb 2026 |
2025 pullback2025 | -7.47%Dec 2025 | 7d | 19d | 26dDec 2025 - Jan 2026 |
2026 pullback2026 | -4.98%Jun 2026 | 2d | 10d | 12dJun 2026 - Jun 2026 |
Drawdown Indicators
| SPIT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.49% | -56.78% | +44.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.18% | -1.80% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -10.71% | +8.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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