SPIT vs. GQGU

Last updated Apr 1, 2026

Compare and contrast key facts about F/m Emerald Special Situations ETF (SPIT) and GQG US Equity ETF (GQGU).

SPIT and GQGU 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. GQGU is an actively managed fund by GQG Partners. It was launched on Jul 14, 2025.

Performance

SPIT vs. GQGU - Performance Comparison

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

SPIT vs. GQGU - Yearly Performance Comparison

	2026 (YTD)	2025
SPIT F/m Emerald Special Situations ETF	2.31%	5.20%
GQGU GQG US Equity ETF	9.61%	-1.24%

Returns By Period

In the year-to-date period, SPIT achieves a 2.31% return, which is significantly lower than GQGU's 9.61% return.

SPIT

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

GQGU

• 1D: -0.22%
• 1M: -1.96%
• YTD: 9.61%
• 6M: 7.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPIT vs. GQGU - Expense Ratio Comparison

SPIT has a 0.89% expense ratio, which is higher than GQGU's 0.49% expense ratio.

SPIT

F/m Emerald Special Situations ETF

GQGU

GQG US Equity ETF

Return for Risk

SPIT vs. GQGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Emerald Special Situations ETF (SPIT) and GQG US Equity ETF (GQGU). 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	GQGU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	1.25	-0.65

Correlation

The correlation between SPIT and GQGU is -0.21. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

SPIT vs. GQGU - Dividend Comparison

SPIT's dividend yield for the trailing twelve months is around 7.02%, more than GQGU's 0.93% yield.

	TTM	2025
SPIT F/m Emerald Special Situations ETF	7.02%	7.18%
GQGU GQG US Equity ETF	0.93%	1.02%

Drawdowns

SPIT vs. GQGU - Drawdown Comparison

The maximum SPIT drawdown since its inception was -12.49%, which is greater than GQGU's maximum drawdown of -6.65%. Use the drawdown chart below to compare losses from any high point for SPIT and GQGU.

Drawdown Indicators

	SPIT	GQGU	Difference
Max Drawdown Largest peak-to-trough decline	-12.49%	-6.65%	-5.84%
Current Drawdown Current decline from peak	-8.39%	-1.96%	-6.43%
Average Drawdown Average peak-to-trough decline	-3.00%	-2.20%	-0.80%

Volatility

Volatility by Period

	SPIT	GQGU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	27.61%	9.55%	+18.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.61%	9.55%	+18.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.61%	9.55%	+18.06%