SPIT vs. ACLO

Last updated Jun 24, 2026

SPIT (F/m Emerald Special Situations ETF) and ACLO (TCW AAA CLO ETF) are both exchange-traded funds - SPIT is a Large Cap Growth Equities fund actively managed by F/m Investments, while ACLO is a CLO fund actively managed by TCW. Both are actively managed. At a correlation of -0.06, they often move in opposite directions. SPIT charges 0.89%/yr vs 0.20%/yr for ACLO.

Performance

SPIT vs. ACLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m Emerald Special Situations ETF (SPIT) and TCW AAA CLO ETF (ACLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPIT achieves a 27.92% return, which is significantly higher than ACLO's 2.44% return.

SPIT

• 1D: -1.91%
• 1M: 2.82%
• YTD: 27.92%
• 6M: 26.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACLO

• 1D: 0.03%
• 1M: 0.44%
• YTD: 2.44%
• 6M: 2.55%
• 1Y: 5.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPIT vs. ACLO - Yearly Performance Comparison

	2026 (YTD)	2025
SPIT F/m Emerald Special Situations ETF	27.92%	5.31%
ACLO TCW AAA CLO ETF	2.44%	1.21%

Correlation

The correlation between SPIT and ACLO is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 6, 2025	-0.06

Return for Risk

SPIT vs. ACLO — Risk / Return Rank

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

SPIT

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

ACLO

ACLO Risk / Return Rank: 99
ACLO Sharpe Ratio Rank: 99
ACLO Sortino Ratio Rank: 99
ACLO Omega Ratio Rank: 99
ACLO Calmar Ratio Rank: 99
ACLO Martin Ratio Rank: 99

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.

SPIT vs. ACLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Emerald Special Situations ETF (SPIT) and TCW AAA CLO ETF (ACLO). 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.

	SPIT	ACLO	Difference
Sharpe ratio: Return per unit of total volatility	—	7.28	—
Sortino ratio: Return per unit of downside risk	—	15.06	—
Omega ratio: Gain probability vs. loss probability	—	3.42	—
Calmar ratio: Return relative to maximum drawdown	—	19.77	—
Martin ratio: Return relative to average drawdown	—	164.39	—

Drawdowns

SPIT vs. ACLO - Drawdown Comparison

The maximum SPIT drawdown since its inception was -12.49%, which is greater than ACLO's maximum drawdown of -1.01%. Use the drawdown chart below to compare losses from any high point for SPIT and ACLO.

Drawdown Indicators

	SPIT	ACLO	Difference
Max Drawdown Largest peak-to-trough decline	-12.49%	-1.01%	-11.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.27%	—
Current Drawdown Current decline from peak	-2.09%	0.00%	-2.09%
Average Drawdown Average peak-to-trough decline	-2.55%	-0.04%	-2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.03%	—

Volatility

Volatility by Period

	SPIT	ACLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.64%	0.73%	+25.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.64%	1.07%	+25.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.64%	1.07%	+25.57%

SPIT vs. ACLO - Expense Ratio Comparison

SPIT has a 0.89% expense ratio, which is higher than ACLO's 0.20% expense ratio.

Dividends

SPIT vs. ACLO - Dividend Comparison

SPIT's dividend yield for the trailing twelve months is around 5.61%, more than ACLO's 4.90% yield.

Position	TTM	2025	2024
ACLO TCW AAA CLO ETF	4.90%	4.87%	0.59%
SPIT F/m Emerald Special Situations ETF	5.61%	7.18%	0.00%

Frequently Asked Questions

Can I hold both SPIT and ACLO in my portfolio?

SPIT and ACLO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPIT or ACLO?

On fees, ACLO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPIT or ACLO?

ACLO is cheaper with a 0.20% expense ratio, compared with 0.89% for SPIT.

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

SPIT has the higher dividend yield at 5.61%, compared with 4.90% for ACLO.

What is the main difference between SPIT and ACLO?

SPIT is categorized as Large Cap Growth Equities, while ACLO is CLO. They also come from different issuers: F/m Investments and TCW. Their fees differ too: 0.89% for SPIT and 0.20% for ACLO.