SPIT vs. BBUS

Last updated Apr 1, 2026

Compare and contrast key facts about F/m Emerald Special Situations ETF (SPIT) and JP Morgan Betabuilders U.S. Equity ETF (BBUS).

SPIT and BBUS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPIT is an actively managed fund by F/m Investments. It was launched on Aug 1, 2014. BBUS is a passively managed fund by JPMorgan that tracks the performance of the Morningstar US Target Market Exposure Index. It was launched on Mar 12, 2019.

Performance

SPIT vs. BBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m Emerald Special Situations ETF (SPIT) and JP Morgan Betabuilders U.S. Equity ETF (BBUS). The values are adjusted to include any dividend payments, if applicable.

SPIT vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025
SPIT F/m Emerald Special Situations ETF	2.31%	5.20%
BBUS JP Morgan Betabuilders U.S. Equity ETF	-4.74%	1.63%

Returns By Period

In the year-to-date period, SPIT achieves a 2.31% return, which is significantly higher than BBUS's -4.74% return.

SPIT

• 1D: 4.68%
• 1M: -6.38%
• YTD: 2.31%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBUS

• 1D: 2.93%
• 1M: -4.99%
• YTD: -4.74%
• 6M: -2.34%
• 1Y: 17.47%
• 3Y*: 18.31%
• 5Y*: 11.24%
• 10Y*: —

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

SPIT vs. BBUS - Expense Ratio Comparison

SPIT has a 0.89% expense ratio, which is higher than BBUS's 0.02% expense ratio.

SPIT

F/m Emerald Special Situations ETF

BBUS

JP Morgan Betabuilders U.S. Equity ETF

Return for Risk

SPIT vs. BBUS — Risk / Return Rank

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

BBUS

BBUS Risk / Return Rank: 63
BBUS Sharpe Ratio Rank: 57
BBUS Sortino Ratio Rank: 60
BBUS Omega Ratio Rank: 63
BBUS Calmar Ratio Rank: 62
BBUS Martin Ratio Rank: 72

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. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Emerald Special Situations ETF (SPIT) and JP Morgan Betabuilders U.S. Equity ETF (BBUS). 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.

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

Sharpe Ratios by Period

	SPIT	BBUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.96	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.73	-0.12

Correlation

The correlation between SPIT and BBUS is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SPIT vs. BBUS - Dividend Comparison

SPIT's dividend yield for the trailing twelve months is around 7.02%, more than BBUS's 1.14% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
SPIT F/m Emerald Special Situations ETF	7.02%	7.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BBUS JP Morgan Betabuilders U.S. Equity ETF	1.14%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%

Drawdowns

SPIT vs. BBUS - Drawdown Comparison

The maximum SPIT drawdown since its inception was -12.49%, smaller than the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for SPIT and BBUS.

Drawdown Indicators

	SPIT	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-12.49%	-35.35%	+22.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.46%	—
Current Drawdown Current decline from peak	-8.39%	-6.54%	-1.85%
Average Drawdown Average peak-to-trough decline	-3.00%	-5.57%	+2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.59%	—

Volatility

Volatility by Period

	SPIT	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.61%	18.33%	+9.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.61%	17.04%	+10.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.61%	19.75%	+7.86%