SPIT vs. DIA
SPIT (F/m Emerald Special Situations ETF) and DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) are both exchange-traded funds - SPIT is a Large Cap Growth Equities fund actively managed by F/m Investments, while DIA is a Large Cap Blend Equities fund tracking the Dow Jones Industrial Average. SPIT is actively managed, while DIA is passively managed. A 0.61 correlation means they provide meaningful diversification when combined. SPIT charges 0.89%/yr vs 0.16%/yr for DIA.
Performance
SPIT vs. DIA - Performance Comparison
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Returns By Period
In the year-to-date period, SPIT achieves a 27.92% return, which is significantly higher than DIA's 8.31% return.
SPIT
- 1D
- -1.91%
- 1M
- 2.82%
- YTD
- 27.92%
- 6M
- 26.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIA
- 1D
- -0.09%
- 1M
- 2.35%
- YTD
- 8.31%
- 6M
- 7.49%
- 1Y
- 23.20%
- 3Y*
- 17.21%
- 5Y*
- 10.52%
- 10Y*
- 13.69%
SPIT vs. DIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPIT F/m Emerald Special Situations ETF | 27.92% | 5.31% |
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 8.31% | 3.18% |
Correlation
The correlation between SPIT and DIA is 0.61, 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 | 0.61 |
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Return for Risk
SPIT vs. DIA — Risk / Return Rank
SPIT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DIA
SPIT vs. DIA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/m Emerald Special Situations ETF (SPIT) and State Street SPDR Dow Jones Industrial Average ETF Trust (DIA). 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 | DIA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.39 | — |
| Martin ratioReturn relative to average drawdown | — | 9.22 | — |
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Drawdowns
SPIT vs. DIA - Drawdown Comparison
The maximum SPIT drawdown since its inception was -12.49%, smaller than the maximum DIA drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for SPIT and DIA.
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Drawdown Indicators
| SPIT | DIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.49% | -51.87% | +39.38% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.76% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.70% | — |
Current DrawdownCurrent decline from peak | -2.09% | -0.65% | -1.44% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -7.13% | +4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.52% | — |
Volatility
SPIT vs. DIA - Volatility Comparison
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Volatility by Period
| SPIT | DIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.76% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.64% | 12.42% | +14.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.64% | 14.84% | +11.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.64% | 17.53% | +9.11% |
SPIT vs. DIA - Expense Ratio Comparison
SPIT has a 0.89% expense ratio, which is higher than DIA's 0.16% expense ratio.
Dividends
SPIT vs. DIA - Dividend Comparison
SPIT's dividend yield for the trailing twelve months is around 5.61%, more than DIA's 1.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 1.40% | 1.43% | 1.61% | 1.81% | 1.91% | 1.58% | 1.87% | 1.85% | 2.24% | 1.97% | 2.26% | 2.33% |
SPIT F/m Emerald Special Situations ETF | 5.61% | 7.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPIT and DIA have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DIA is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DIA is cheaper with a 0.16% expense ratio, compared with 0.89% for SPIT.
SPIT has the higher dividend yield at 5.61%, compared with 1.40% for DIA.
SPIT is categorized as Large Cap Growth Equities, while DIA is Large Cap Blend Equities. They also come from different issuers: F/m Investments and State Street. Their fees differ too: 0.89% for SPIT and 0.16% for DIA.
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