SPIT vs. GARY

Last updated Jul 17, 2026

SPIT (F/m Emerald Special Situations ETF) and GARY (Mango Growth ETF) are both Large Cap Growth Equities funds. Both are actively managed. Their correlation of 0.80 suggests significant overlap in exposure. SPIT charges 0.89%/yr vs 0.77%/yr for GARY.

Performance

SPIT vs. GARY - Performance Comparison

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

Returns By Period

In the year-to-date period, SPIT achieves a 25.12% return, which is significantly lower than GARY's 29.46% return.

SPIT

• 1D: -1.56%
• 1M: -1.75%
• 6M: 14.70%
• YTD: 25.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GARY

• 1D: -1.27%
• 1M: -0.99%
• 6M: 21.92%
• YTD: 29.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPIT vs. GARY - Yearly Performance Comparison

	2026 (YTD)	2025
SPIT F/m Emerald Special Situations ETF	25.12%	0.30%
GARY Mango Growth ETF	29.46%	0.15%

Correlation

The correlation between SPIT and GARY is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 22, 2025	0.80

Return for Risk

SPIT vs. GARY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Emerald Special Situations ETF (SPIT) and Mango Growth ETF (GARY). 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.

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

Drawdowns

SPIT vs. GARY - Drawdown Comparison

The maximum SPIT drawdown since its inception was -12.49%, which is greater than GARY's maximum drawdown of -10.28%. Use the drawdown chart below to compare losses from any high point for SPIT and GARY.

Drawdown Indicators

	SPIT	GARY	Difference
Max Drawdown Largest peak-to-trough decline	-12.49%	-10.28%	-2.21%
Current Drawdown Current decline from peak	-7.05%	-5.64%	-1.41%
Average Drawdown Average peak-to-trough decline	-2.56%	-1.93%	-0.63%

Volatility

Volatility by Period

	SPIT	GARY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	26.27%	21.74%	+4.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.27%	21.74%	+4.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.27%	21.74%	+4.53%

SPIT vs. GARY - Expense Ratio Comparison

SPIT has a 0.89% expense ratio, which is higher than GARY's 0.77% expense ratio.

Dividends

SPIT vs. GARY - Dividend Comparison

SPIT's dividend yield for the trailing twelve months is around 5.74%, more than GARY's 0.04% yield.

Position	TTM	2025
GARY Mango Growth ETF	0.04%	0.05%
SPIT F/m Emerald Special Situations ETF	5.74%	7.18%

Frequently Asked Questions

Can I hold both SPIT and GARY in my portfolio?

SPIT and GARY have a correlation of 0.80, 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 GARY?

On fees, GARY is cheaper at 0.77% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPIT or GARY?

GARY is cheaper with a 0.77% expense ratio, compared with 0.89% for SPIT.

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

SPIT has the higher dividend yield at 5.74%, compared with 0.04% for GARY.

What is the main difference between SPIT and GARY?

They also come from different issuers: F/m Investments and Mango. Their fees differ too: 0.89% for SPIT and 0.77% for GARY.