SPIT vs. GARP
SPIT (F/m Emerald Special Situations ETF) and GARP (iShares MSCI USA Quality GARP ETF) are both Large Cap Growth Equities funds. SPIT is actively managed, while GARP is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. SPIT charges 0.89%/yr vs 0.15%/yr for GARP.
Performance
SPIT vs. GARP - 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 GARP's 16.17% return.
SPIT
- 1D
- -1.91%
- 1M
- 2.82%
- YTD
- 27.92%
- 6M
- 26.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GARP
- 1D
- -2.76%
- 1M
- 0.95%
- YTD
- 16.17%
- 6M
- 14.60%
- 1Y
- 36.49%
- 3Y*
- 30.82%
- 5Y*
- 18.36%
- 10Y*
- —
SPIT vs. GARP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPIT F/m Emerald Special Situations ETF | 27.92% | 5.31% |
GARP iShares MSCI USA Quality GARP ETF | 16.17% | 3.01% |
Correlation
The correlation between SPIT and GARP is 0.79, 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 | 0.79 |
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Return for Risk
SPIT vs. GARP — Risk / Return Rank
SPIT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GARP
SPIT vs. GARP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/m Emerald Special Situations ETF (SPIT) and iShares MSCI USA Quality GARP ETF (GARP). 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 | GARP | 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 | — | 2.68 | — |
| Martin ratioReturn relative to average drawdown | — | 10.39 | — |
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Drawdowns
SPIT vs. GARP - Drawdown Comparison
The maximum SPIT drawdown since its inception was -12.49%, smaller than the maximum GARP drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for SPIT and GARP.
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Drawdown Indicators
| SPIT | GARP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.49% | -31.34% | +18.85% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.69% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.73% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.61% | — |
Current DrawdownCurrent decline from peak | -2.09% | -4.93% | +2.84% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -7.33% | +4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.52% | — |
Volatility
SPIT vs. GARP - Volatility Comparison
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Volatility by Period
| SPIT | GARP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.62% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.52% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.64% | 19.23% | +7.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.64% | 22.22% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.64% | 23.98% | +2.66% |
SPIT vs. GARP - Expense Ratio Comparison
SPIT has a 0.89% expense ratio, which is higher than GARP's 0.15% expense ratio.
Dividends
SPIT vs. GARP - Dividend Comparison
SPIT's dividend yield for the trailing twelve months is around 5.61%, more than GARP's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GARP iShares MSCI USA Quality GARP ETF | 0.27% | 0.31% | 0.38% | 0.75% | 1.85% | 0.67% | 0.75% |
SPIT F/m Emerald Special Situations ETF | 5.61% | 7.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPIT and GARP have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GARP is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GARP is cheaper with a 0.15% expense ratio, compared with 0.89% for SPIT.
SPIT has the higher dividend yield at 5.61%, compared with 0.27% for GARP.
They also come from different issuers: F/m Investments and iShares. Their fees differ too: 0.89% for SPIT and 0.15% for GARP.
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