FMKT vs. SPCT
FMKT (The Free Markets ETF) and SPCT (Liberty One Spectrum ETF) are both Large Cap Blend Equities funds. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. FMKT charges 0.76%/yr vs 0.85%/yr for SPCT.
Performance
FMKT vs. SPCT - Performance Comparison
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Returns By Period
In the year-to-date period, FMKT achieves a 1.49% return, which is significantly lower than SPCT's 9.92% return.
FMKT
- 1D
- -0.44%
- 1M
- -0.79%
- 6M
- -3.84%
- YTD
- 1.49%
- 1Y
- 3.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPCT
- 1D
- 0.99%
- 1M
- 1.35%
- 6M
- 7.01%
- YTD
- 9.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FMKT vs. SPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FMKT The Free Markets ETF | 1.49% | -6.10% |
SPCT Liberty One Spectrum ETF | 9.92% | 1.93% |
Correlation
The correlation between FMKT and SPCT is 0.40, 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 Sep 30, 2025 | 0.40 |
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Return for Risk
FMKT vs. SPCT — Risk / Return Rank
FMKT
SPCT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FMKT vs. SPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Free Markets ETF (FMKT) and Liberty One Spectrum ETF (SPCT). 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.
| FMKT | SPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.05 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | — | — |
| Martin ratioReturn relative to average drawdown | 0.56 | — | — |
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Drawdowns
FMKT vs. SPCT - Drawdown Comparison
The maximum FMKT drawdown since its inception was -17.79%, which is greater than SPCT's maximum drawdown of -7.17%. Use the drawdown chart below to compare losses from any high point for FMKT and SPCT.
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Drawdown Indicators
| FMKT | SPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.79% | -7.17% | -10.62% |
Max Drawdown (1Y)Largest decline over 1 year | -17.79% | — | — |
Current DrawdownCurrent decline from peak | -7.92% | 0.00% | -7.92% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -1.49% | -4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.09% | — | — |
Volatility
FMKT vs. SPCT - Volatility Comparison
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Volatility by Period
| FMKT | SPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.83% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.50% | 9.27% | +10.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.13% | 9.27% | +9.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 9.27% | +9.86% |
FMKT vs. SPCT - Expense Ratio Comparison
FMKT has a 0.76% expense ratio, which is lower than SPCT's 0.85% expense ratio.
Dividends
FMKT vs. SPCT - Dividend Comparison
FMKT's dividend yield for the trailing twelve months is around 2.12%, more than SPCT's 0.73% yield.
| Position | TTM | 2025 |
|---|---|---|
FMKT The Free Markets ETF | 2.12% | 2.15% |
SPCT Liberty One Spectrum ETF | 0.73% | 0.16% |
Frequently Asked Questions
FMKT and SPCT have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FMKT is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FMKT is cheaper with a 0.76% expense ratio, compared with 0.85% for SPCT.
FMKT has the higher dividend yield at 2.12%, compared with 0.73% for SPCT.
Their fees differ too: 0.76% for FMKT and 0.85% for SPCT.
Find the right allocation for FMKT and SPCT
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