SPIT vs. GSG
SPIT (F/m Emerald Special Situations ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - SPIT is a Large Cap Growth Equities fund actively managed by F/m, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. SPIT is actively managed, while GSG is passively managed. Their -0.11 correlation means they have often moved in opposite directions in the past. SPIT charges 0.89%/yr vs 0.75%/yr for GSG.
Performance
SPIT vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, SPIT achieves a 30.69% return, which is significantly lower than GSG's 32.52% return.
SPIT
- 1D
- -0.22%
- 1M
- -1.60%
- 6M
- 25.62%
- YTD
- 30.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
GSG
- 1D
- 0.36%
- 1M
- 5.78%
- 6M
- 21.95%
- YTD
- 32.52%
- 1Y
- 37.47%
- 3Y*
- 12.51%
- 5Y*
- 14.20%
- 10Y*
- 8.03%
- ALL TIME*
- -2.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.96M | $16.42M | $22.87M | |
| $199.90K | $263.70K | $196.54K |
SPIT vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPIT F/m Emerald Special Situations ETF | 30.69% | 5.31% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.52% | 1.36% |
Correlation
The correlation between SPIT and GSG is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 6, 2025 | -0.11 |
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Return for Risk
SPIT vs. GSG — Risk / Return Rank
SPIT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GSG
SPIT vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/m Emerald Special Situations ETF (SPIT) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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 | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.00 | — |
| Martin ratioReturn relative to average drawdown | — | 6.32 | — |
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Drawdowns
SPIT vs. GSG - Drawdown Comparison
The maximum SPIT drawdown since its inception was -12.49%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for SPIT and GSG.
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Drawdown Indicators
| SPIT | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.49% | -89.62% | +77.13% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.81% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -2.91% | -59.99% | +57.08% |
Average DrawdownAverage peak-to-trough decline | -2.87% | -63.67% | +60.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.94% | — |
Volatility
SPIT vs. GSG - Volatility Comparison
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Volatility by Period
| SPIT | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.99% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.69% | 24.44% | +2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.69% | 22.90% | +3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.69% | 22.08% | +4.61% |
SPIT vs. GSG - Expense Ratio Comparison
SPIT has a 0.89% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
SPIT vs. GSG - Dividend Comparison
SPIT's dividend yield for the trailing twelve months is around 5.49%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% |
SPIT F/m Emerald Special Situations ETF | 5.49% | 7.18% |
Frequently Asked Questions
SPIT and GSG have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GSG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GSG is cheaper with a 0.75% expense ratio, compared with 0.89% for SPIT.
SPIT has the higher dividend yield at 5.49%, compared with 0.00% for GSG.
SPIT is categorized as Large Cap Growth Equities, while GSG is Commodities. They also come from different issuers: F/m and iShares. Their fees differ too: 0.89% for SPIT and 0.75% for GSG.
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