PFM vs. SPIT

Last updated Jun 4, 2026

PFM (Invesco Dividend Achievers™ ETF) and SPIT (F/m Emerald Special Situations ETF) are both Large Cap Growth Equities funds. PFM is passively managed, while SPIT is actively managed. A 0.61 correlation means they provide meaningful diversification when combined. PFM charges 0.53%/yr vs 0.89%/yr for SPIT.

Performance

PFM vs. SPIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dividend Achievers™ ETF (PFM) 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, PFM achieves a 8.18% return, which is significantly lower than SPIT's 25.30% return.

PFM

• 1D: -0.23%
• 1M: 3.40%
• YTD: 8.18%
• 6M: 7.73%
• 1Y: 19.65%
• 3Y*: 16.31%
• 5Y*: 10.63%
• 10Y*: 11.82%

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)

PFM vs. SPIT - Yearly Performance Comparison

	2026 (YTD)	2025
PFM Invesco Dividend Achievers™ ETF	8.18%	1.02%
SPIT F/m Emerald Special Situations ETF	25.30%	5.20%

Correlation

The correlation between PFM and SPIT is 0.61, 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 7, 2025	0.61

Return for Risk

PFM vs. SPIT — Risk / Return Rank

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

PFM

PFM Risk / Return Rank: 62
PFM Sharpe Ratio Rank: 61
PFM Sortino Ratio Rank: 66
PFM Omega Ratio Rank: 61
PFM Calmar Ratio Rank: 56
PFM Martin Ratio Rank: 63

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.

PFM vs. SPIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dividend Achievers™ ETF (PFM) 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.

	PFM	SPIT	Difference
Sharpe ratio: Return per unit of total volatility	2.09	—	—
Sortino ratio: Return per unit of downside risk	3.07	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	2.78	—	—
Martin ratio: Return relative to average drawdown	11.28	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PFM	SPIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	2.00	-1.47

Drawdowns

PFM vs. SPIT - Drawdown Comparison

The maximum PFM drawdown since its inception was -53.21%, which is greater than SPIT's maximum drawdown of -12.49%. Use the drawdown chart below to compare losses from any high point for PFM and SPIT.

Drawdown Indicators

	PFM	SPIT	Difference
Max Drawdown Largest peak-to-trough decline	-53.21%	-12.49%	-40.72%
Max Drawdown (1Y) Largest decline over 1 year	-7.09%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.22%	—	—
Current Drawdown Current decline from peak	-0.23%	-1.85%	+1.62%
Average Drawdown Average peak-to-trough decline	-6.94%	-2.62%	-4.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	—	—

Volatility

Volatility by Period

	PFM	SPIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.47%	26.35%	-16.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.54%	26.35%	-12.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.21%	26.35%	-11.14%

PFM vs. SPIT - Expense Ratio Comparison

PFM has a 0.53% expense ratio, which is lower than SPIT's 0.89% expense ratio.

Dividends

PFM vs. SPIT - Dividend Comparison

PFM's dividend yield for the trailing twelve months is around 1.33%, less than SPIT's 5.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PFM Invesco Dividend Achievers™ ETF	1.33%	1.41%	1.58%	1.86%	1.95%	1.69%	1.92%	1.94%	2.27%	1.70%	2.56%	2.36%
SPIT F/m Emerald Special Situations ETF	5.73%	7.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PFM and SPIT in my portfolio?

PFM and SPIT have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PFM or SPIT?

On fees, PFM is cheaper at 0.53% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PFM or SPIT?

PFM is cheaper with a 0.53% expense ratio, compared with 0.89% for SPIT.

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

SPIT has the higher dividend yield at 5.73%, compared with 1.33% for PFM.

What is the main difference between PFM and SPIT?

They also come from different issuers: Invesco and F/m Investments. Their fees differ too: 0.53% for PFM and 0.89% for SPIT.