PGRO vs. SPIT
PGRO (Putnam Focused Large Cap Growth ETF) and SPIT (F/m Emerald Special Situations ETF) are both Large Cap Growth Equities funds. Both are actively managed. Their 0.75 correlation means they have sometimes moved together and sometimes differently. PGRO charges 0.55%/yr vs 0.89%/yr for SPIT.
Performance
PGRO vs. SPIT - Performance Comparison
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Returns By Period
In the year-to-date period, PGRO achieves a 1.37% return, which is significantly lower than SPIT's 24.45% return.
PGRO
- 1D
- 0.76%
- 1M
- -2.55%
- 6M
- 2.79%
- YTD
- 1.37%
- 1Y
- 9.32%
- 3Y*
- 19.26%
- 5Y*
- 10.40%
- 10Y*
- —
- ALL TIME*
- 12.18%
SPIT
- 1D
- 0.51%
- 1M
- -5.03%
- 6M
- 16.23%
- YTD
- 24.45%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.82M | $4.94M | $2.18M | |
| $242.68K | $282.09K | $201.11K |
PGRO vs. SPIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PGRO Putnam Focused Large Cap Growth ETF | 1.37% | 0.19% |
SPIT F/m Emerald Special Situations ETF | 24.45% | 5.31% |
Correlation
The correlation between PGRO and SPIT is 0.75, 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 | 0.75 |
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Return for Risk
PGRO vs. SPIT — Risk / Return Rank
PGRO
SPIT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PGRO vs. SPIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Focused Large Cap Growth ETF (PGRO) 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.
| PGRO | SPIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.08 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | — | — |
| Martin ratioReturn relative to average drawdown | 1.32 | — | — |
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Drawdowns
PGRO vs. SPIT - Drawdown Comparison
The maximum PGRO drawdown since its inception was -34.73%, which is greater than SPIT's maximum drawdown of -12.49%. Use the drawdown chart below to compare losses from any high point for PGRO and SPIT.
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Drawdown Indicators
| PGRO | SPIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.73% | -12.49% | -22.24% |
Max Drawdown (1Y)Largest decline over 1 year | -16.34% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -23.31% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.73% | — | — |
Current DrawdownCurrent decline from peak | -8.08% | -7.55% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -2.85% | -7.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.52% | — | — |
Volatility
PGRO vs. SPIT - Volatility Comparison
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Volatility by Period
| PGRO | SPIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.90% | 26.59% | -8.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.07% | 26.59% | -4.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.77% | 26.59% | -4.82% |
PGRO vs. SPIT - Expense Ratio Comparison
PGRO has a 0.55% expense ratio, which is lower than SPIT's 0.89% expense ratio.
Dividends
PGRO vs. SPIT - Dividend Comparison
PGRO's dividend yield for the trailing twelve months is around 0.02%, less than SPIT's 5.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PGRO Putnam Focused Large Cap Growth ETF | 0.02% | 0.02% | 0.08% | 0.19% | 0.12% |
SPIT F/m Emerald Special Situations ETF | 5.77% | 7.18% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PGRO and SPIT have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PGRO is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PGRO is cheaper with a 0.55% expense ratio, compared with 0.89% for SPIT.
SPIT has the higher dividend yield at 5.77%, compared with 0.02% for PGRO.
They also come from different issuers: Putnam and F/m. Their fees differ too: 0.55% for PGRO and 0.89% for SPIT.
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