FNGS vs. SPIT

Last updated Jul 14, 2026

FNGS (MicroSectors FANG+ ETN) and SPIT (F/m Emerald Special Situations ETF) are both Large Cap Growth Equities funds. FNGS is passively managed, while SPIT is actively managed. A 0.63 correlation means they provide meaningful diversification when combined. FNGS charges 0.58%/yr vs 0.89%/yr for SPIT.

Performance

FNGS vs. SPIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+ ETN (FNGS) 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, FNGS achieves a 10.39% return, which is significantly lower than SPIT's 27.30% return.

FNGS

• 1D: -0.50%
• 1M: 3.37%
• 6M: 9.86%
• YTD: 10.39%
• 1Y: 16.52%
• 3Y*: 29.28%
• 5Y*: 18.67%
• 10Y*: —

SPIT

• 1D: -1.91%
• 1M: 0.33%
• 6M: 18.89%
• YTD: 27.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FNGS vs. SPIT - Yearly Performance Comparison

	2026 (YTD)	2025
FNGS MicroSectors FANG+ ETN	10.39%	-2.03%
SPIT F/m Emerald Special Situations ETF	27.30%	5.31%

Correlation

The correlation between FNGS and SPIT is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 6, 2025	0.63

Return for Risk

FNGS vs. SPIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNGS

FNGS Risk / Return Rank: 23
FNGS Sharpe Ratio Rank: 26
FNGS Sortino Ratio Rank: 24
FNGS Omega Ratio Rank: 25
FNGS Calmar Ratio Rank: 20
FNGS Martin Ratio Rank: 21

SPIT

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FNGS vs. SPIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) 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.

	FNGS	SPIT	Difference
Sharpe ratio: Return per unit of total volatility	0.74	—	—
Sortino ratio: Return per unit of downside risk	1.14	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	0.72	—	—
Martin ratio: Return relative to average drawdown	1.98	—	—

Drawdowns

FNGS vs. SPIT - Drawdown Comparison

The maximum FNGS drawdown since its inception was -48.98%, which is greater than SPIT's maximum drawdown of -12.49%. Use the drawdown chart below to compare losses from any high point for FNGS and SPIT.

Drawdown Indicators

	FNGS	SPIT	Difference
Max Drawdown Largest peak-to-trough decline	-48.98%	-12.49%	-36.49%
Max Drawdown (1Y) Largest decline over 1 year	-22.93%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.98%	—	—
Current Drawdown Current decline from peak	-6.58%	-5.43%	-1.15%
Average Drawdown Average peak-to-trough decline	-10.82%	-2.51%	-8.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.38%	—	—

Volatility

Volatility by Period

	FNGS	SPIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.39%	26.39%	-4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.24%	26.39%	+3.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.13%	26.39%	+4.74%

FNGS vs. SPIT - Expense Ratio Comparison

FNGS has a 0.58% expense ratio, which is lower than SPIT's 0.89% expense ratio.

Dividends

FNGS vs. SPIT - Dividend Comparison

FNGS has not paid dividends to shareholders, while SPIT's dividend yield for the trailing twelve months is around 5.64%.

Position	TTM	2025
FNGS MicroSectors FANG+ ETN	0.00%	0.00%
SPIT F/m Emerald Special Situations ETF	5.64%	7.18%

Frequently Asked Questions

Can I hold both FNGS and SPIT in my portfolio?

FNGS and SPIT have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FNGS or SPIT?

On fees, FNGS is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FNGS or SPIT?

FNGS is cheaper with a 0.58% expense ratio, compared with 0.89% for SPIT.

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

SPIT has the higher dividend yield at 5.64%, compared with 0.00% for FNGS.

What is the main difference between FNGS and SPIT?

They also come from different issuers: BMO and F/m Investments. Their fees differ too: 0.58% for FNGS and 0.89% for SPIT.