RECS vs. SPIT
RECS (Columbia Research Enhanced Core ETF) and SPIT (F/m Emerald Special Situations ETF) are both Large Cap Growth Equities funds. RECS is passively managed, while SPIT is actively managed. A 0.68 correlation means they provide meaningful diversification when combined. RECS charges 0.15%/yr vs 0.89%/yr for SPIT.
Performance
RECS vs. SPIT - Performance Comparison
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Returns By Period
In the year-to-date period, RECS achieves a 8.18% return, which is significantly lower than SPIT's 27.30% return.
RECS
- 1D
- -0.59%
- 1M
- 2.10%
- 6M
- 6.53%
- YTD
- 8.18%
- 1Y
- 20.17%
- 3Y*
- 20.39%
- 5Y*
- 13.60%
- 10Y*
- 10.05%
SPIT
- 1D
- -1.91%
- 1M
- 0.33%
- 6M
- 18.89%
- YTD
- 27.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RECS vs. SPIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RECS Columbia Research Enhanced Core ETF | 8.18% | 1.95% |
SPIT F/m Emerald Special Situations ETF | 27.30% | 5.31% |
Correlation
The correlation between RECS and SPIT is 0.68, 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 | 0.68 |
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Return for Risk
RECS vs. SPIT — Risk / Return Rank
RECS
SPIT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RECS vs. SPIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced Core ETF (RECS) 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.
| RECS | SPIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | — | — |
| Martin ratioReturn relative to average drawdown | 9.56 | — | — |
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Drawdowns
RECS vs. SPIT - Drawdown Comparison
The maximum RECS drawdown since its inception was -34.29%, which is greater than SPIT's maximum drawdown of -12.49%. Use the drawdown chart below to compare losses from any high point for RECS and SPIT.
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Drawdown Indicators
| RECS | SPIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.29% | -12.49% | -21.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.29% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -5.43% | +4.84% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -2.51% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | — | — |
Volatility
RECS vs. SPIT - Volatility Comparison
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Volatility by Period
| RECS | SPIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.46% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.09% | 26.39% | -14.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 26.39% | -9.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.27% | 26.39% | -10.12% |
RECS vs. SPIT - Expense Ratio Comparison
RECS has a 0.15% expense ratio, which is lower than SPIT's 0.89% expense ratio.
Dividends
RECS vs. SPIT - Dividend Comparison
RECS's dividend yield for the trailing twelve months is around 1.03%, less than SPIT's 5.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RECS Columbia Research Enhanced Core ETF | 1.03% | 1.11% | 1.09% | 1.00% | 1.41% | 20.64% | 1.09% | 0.49% |
SPIT F/m Emerald Special Situations ETF | 5.64% | 7.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RECS and SPIT have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RECS is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RECS is cheaper with a 0.15% expense ratio, compared with 0.89% for SPIT.
SPIT has the higher dividend yield at 5.64%, compared with 1.03% for RECS.
They also come from different issuers: Ameriprise Financial and F/m Investments. Their fees differ too: 0.15% for RECS and 0.89% for SPIT.
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