SPIT vs. BELT
SPIT (F/m Emerald Special Situations ETF) and BELT (iShares U.S. Select Equity Active ETF) are both Large Cap Growth Equities funds. Both are actively managed. A 0.77 correlation means they provide meaningful diversification when combined. SPIT charges 0.89%/yr vs 0.75%/yr for BELT.
Performance
SPIT vs. BELT - Performance Comparison
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Returns By Period
In the year-to-date period, SPIT achieves a 25.30% return, which is significantly higher than BELT's 17.35% return.
SPIT
- 1D
- -1.85%
- 1M
- 3.31%
- YTD
- 25.30%
- 6M
- 23.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BELT
- 1D
- -0.56%
- 1M
- 2.87%
- YTD
- 17.35%
- 6M
- 15.11%
- 1Y
- 27.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPIT vs. BELT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPIT F/m Emerald Special Situations ETF | 25.30% | 5.20% |
BELT iShares U.S. Select Equity Active ETF | 17.35% | 0.00% |
Correlation
The correlation between SPIT and BELT is 0.77, 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 | 0.77 |
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Return for Risk
SPIT vs. BELT — Risk / Return Rank
SPIT
BELT
SPIT vs. BELT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/m Emerald Special Situations ETF (SPIT) and iShares U.S. Select Equity Active ETF (BELT). 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.
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Sharpe Ratios by Period
| SPIT | BELT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.00 | 0.67 | +1.33 |
Drawdowns
SPIT vs. BELT - Drawdown Comparison
The maximum SPIT drawdown since its inception was -12.49%, smaller than the maximum BELT drawdown of -23.05%. Use the drawdown chart below to compare losses from any high point for SPIT and BELT.
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Drawdown Indicators
| SPIT | BELT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.49% | -23.05% | +10.56% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.47% | — |
Current DrawdownCurrent decline from peak | -1.85% | -1.86% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -3.51% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.86% | — |
Volatility
SPIT vs. BELT - Volatility Comparison
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Volatility by Period
| SPIT | BELT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.78% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.35% | 17.01% | +9.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.35% | 21.22% | +5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.35% | 21.22% | +5.13% |
SPIT vs. BELT - Expense Ratio Comparison
SPIT has a 0.89% expense ratio, which is higher than BELT's 0.75% expense ratio.
Dividends
SPIT vs. BELT - Dividend Comparison
SPIT's dividend yield for the trailing twelve months is around 5.73%, while BELT has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BELT iShares U.S. Select Equity Active ETF | 0.00% | 0.00% |
SPIT F/m Emerald Special Situations ETF | 5.73% | 7.18% |
Frequently Asked Questions
SPIT and BELT have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BELT is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BELT is cheaper with a 0.75% expense ratio, compared with 0.89% for SPIT.
SPIT has the higher dividend yield at 5.73%, compared with 0.00% for BELT.
They also come from different issuers: F/m Investments and iShares. Their fees differ too: 0.89% for SPIT and 0.75% for BELT.
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