CPHY vs. SPIT

Last updated Aug 2, 2026

CPHY (F/m Compoundr High Yield Bond ETF) and SPIT (F/m Emerald Special Situations ETF) are both exchange-traded funds - CPHY is a High Yield Bonds fund tracking the Nasdaq Compoundr U.S. High Yield Bond Index, while SPIT is a Large Cap Growth Equities fund actively managed by F/m. CPHY is passively managed, while SPIT is actively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. CPHY charges 0.35%/yr vs 0.89%/yr for SPIT.

Performance

CPHY vs. SPIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m Compoundr High Yield Bond ETF (CPHY) 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, CPHY achieves a 0.43% return, which is significantly lower than SPIT's 24.45% return.

CPHY

• 1D: -0.01%
• 1M: -0.38%
• 6M: -0.17%
• YTD: 0.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SPIT

• 1D: 0.51%
• 1M: -5.03%
• 6M: 16.23%
• YTD: 24.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CPHY F/m Compoundr High Yield Bond ETF	$47.80K	$33.82K	$41.16K
SPIT F/m Emerald Special Situations ETF	$242.68K	$282.09K	$201.11K

CPHY vs. SPIT - Yearly Performance Comparison

	2026 (YTD)	2025
CPHY F/m Compoundr High Yield Bond ETF	0.43%	1.02%
SPIT F/m Emerald Special Situations ETF	24.45%	5.31%

Correlation

The correlation between CPHY and SPIT is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 6, 2025	0.62

Return for Risk

CPHY vs. SPIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Compoundr High Yield Bond ETF (CPHY) 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.

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.

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

Drawdowns

CPHY vs. SPIT - Drawdown Comparison

The maximum CPHY drawdown since its inception was -2.51%, smaller than the maximum SPIT drawdown of -12.49%. Use the drawdown chart below to compare losses from any high point for CPHY and SPIT.

Drawdown Indicators

	CPHY	SPIT	Difference
Max Drawdown Largest peak-to-trough decline	-2.51%	-12.49%	+9.98%
Current Drawdown Current decline from peak	-0.56%	-7.55%	+6.99%
Average Drawdown Average peak-to-trough decline	-0.54%	-2.85%	+2.31%

Volatility

Volatility by Period

	CPHY	SPIT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.45%	26.59%	-23.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.45%	26.59%	-23.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.45%	26.59%	-23.14%

CPHY vs. SPIT - Expense Ratio Comparison

CPHY has a 0.35% expense ratio, which is lower than SPIT's 0.89% expense ratio.

Dividends

CPHY vs. SPIT - Dividend Comparison

CPHY has not paid dividends to shareholders, while SPIT's dividend yield for the trailing twelve months is around 5.77%.

Position	TTM	2025
CPHY F/m Compoundr High Yield Bond ETF	0.00%	0.00%
SPIT F/m Emerald Special Situations ETF	5.77%	7.18%

Frequently Asked Questions

Can I hold both CPHY and SPIT in my portfolio?

CPHY and SPIT have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CPHY or SPIT?

On fees, CPHY is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CPHY or SPIT?

CPHY is cheaper with a 0.35% expense ratio, compared with 0.89% for SPIT.

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

SPIT has the higher dividend yield at 5.77%, compared with 0.00% for CPHY.

What is the main difference between CPHY and SPIT?

CPHY is categorized as High Yield Bonds, while SPIT is Large Cap Growth Equities. Their fees differ too: 0.35% for CPHY and 0.89% for SPIT.