CPAG vs. SPIT

Last updated Jun 4, 2026

CPAG (F/m Compoundr U.S. Aggregate Bond ETF) and SPIT (F/m Emerald Special Situations ETF) are both exchange-traded funds - CPAG is a Total Bond Market fund tracking the Nasdaq Compoundr U.S. Aggregate Bond Index, while SPIT is a Large Cap Growth Equities fund actively managed by F/m Investments. CPAG is passively managed, while SPIT is actively managed. At a 0.28 correlation, their price movements are largely independent. CPAG charges 0.31%/yr vs 0.89%/yr for SPIT.

Performance

CPAG vs. SPIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m Compoundr U.S. Aggregate Bond ETF (CPAG) and F/m Emerald Special Situations ETF (SPIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPAG achieves a -0.02% return, which is significantly lower than SPIT's 25.30% return.

CPAG

• 1D: -0.21%
• 1M: 0.14%
• YTD: -0.02%
• 6M: -0.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPIT

• 1D: -1.85%
• 1M: 3.31%
• YTD: 25.30%
• 6M: 23.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CPAG vs. SPIT - Yearly Performance Comparison

	2026 (YTD)	2025
CPAG F/m Compoundr U.S. Aggregate Bond ETF	-0.02%	0.72%
SPIT F/m Emerald Special Situations ETF	25.30%	5.20%

Correlation

The correlation between CPAG and SPIT is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 7, 2025	0.28

Return for Risk

CPAG vs. SPIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Compoundr U.S. Aggregate Bond ETF (CPAG) and F/m Emerald Special Situations ETF (SPIT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CPAG	SPIT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	2.00	-1.25

Drawdowns

CPAG vs. SPIT - Drawdown Comparison

The maximum CPAG drawdown since its inception was -2.78%, smaller than the maximum SPIT drawdown of -12.49%. Use the drawdown chart below to compare losses from any high point for CPAG and SPIT.

Drawdown Indicators

	CPAG	SPIT	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-12.49%	+9.71%
Current Drawdown Current decline from peak	-1.68%	-1.85%	+0.17%
Average Drawdown Average peak-to-trough decline	-0.74%	-2.62%	+1.88%

Volatility

Volatility by Period

	CPAG	SPIT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.67%	26.35%	-22.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.67%	26.35%	-22.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.67%	26.35%	-22.68%

CPAG vs. SPIT - Expense Ratio Comparison

CPAG has a 0.31% expense ratio, which is lower than SPIT's 0.89% expense ratio.

Dividends

CPAG vs. SPIT - Dividend Comparison

CPAG has not paid dividends to shareholders, while SPIT's dividend yield for the trailing twelve months is around 5.73%.

Position	TTM	2025
CPAG F/m Compoundr U.S. Aggregate Bond ETF	0.00%	0.00%
SPIT F/m Emerald Special Situations ETF	5.73%	7.18%

Frequently Asked Questions

Can I hold both CPAG and SPIT in my portfolio?

CPAG and SPIT have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CPAG or SPIT?

On fees, CPAG is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CPAG or SPIT?

CPAG is cheaper with a 0.31% expense ratio, compared with 0.89% for SPIT.

Which ETF pays a higher dividend yield, CPAG or SPIT?

SPIT has the higher dividend yield at 5.73%, compared with 0.00% for CPAG.

What is the main difference between CPAG and SPIT?

CPAG is categorized as Total Bond Market, while SPIT is Large Cap Growth Equities. Their fees differ too: 0.31% for CPAG and 0.89% for SPIT.