SPIT vs. ILCB

Last updated Jun 4, 2026

SPIT (F/m Emerald Special Situations ETF) and ILCB (iShares Morningstar U.S. Equity ETF) are both Large Cap Growth Equities funds. SPIT is actively managed, while ILCB is passively managed. A 0.78 correlation means they provide meaningful diversification when combined. SPIT charges 0.89%/yr vs 0.03%/yr for ILCB.

Performance

SPIT vs. ILCB - Performance Comparison

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

Returns By Period

In the year-to-date period, SPIT achieves a 25.30% return, which is significantly higher than ILCB's 11.12% return.

SPIT

• 1D: -1.85%
• 1M: 3.31%
• YTD: 25.30%
• 6M: 23.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ILCB

• 1D: -0.67%
• 1M: 5.29%
• YTD: 11.12%
• 6M: 11.10%
• 1Y: 28.03%
• 3Y*: 22.69%
• 5Y*: 13.45%
• 10Y*: 15.00%

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

SPIT vs. ILCB - Yearly Performance Comparison

	2026 (YTD)	2025
SPIT F/m Emerald Special Situations ETF	25.30%	5.20%
ILCB iShares Morningstar U.S. Equity ETF	11.12%	1.59%

Correlation

The correlation between SPIT and ILCB is 0.78, 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 7, 2025	0.78

Return for Risk

SPIT vs. ILCB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ILCB

ILCB Risk / Return Rank: 69
ILCB Sharpe Ratio Rank: 70
ILCB Sortino Ratio Rank: 69
ILCB Omega Ratio Rank: 70
ILCB Calmar Ratio Rank: 62
ILCB Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPIT vs. ILCB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Emerald Special Situations ETF (SPIT) and iShares Morningstar U.S. Equity ETF (ILCB). 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	ILCB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.35	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.79	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.00	0.64	+1.36

Drawdowns

SPIT vs. ILCB - Drawdown Comparison

The maximum SPIT drawdown since its inception was -12.49%, smaller than the maximum ILCB drawdown of -51.53%. Use the drawdown chart below to compare losses from any high point for SPIT and ILCB.

Drawdown Indicators

	SPIT	ILCB	Difference
Max Drawdown Largest peak-to-trough decline	-12.49%	-51.53%	+39.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.09%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.30%	—
Current Drawdown Current decline from peak	-1.85%	-0.67%	-1.18%
Average Drawdown Average peak-to-trough decline	-2.62%	-6.24%	+3.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.97%	—

Volatility

Volatility by Period

	SPIT	ILCB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.35%	12.02%	+14.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.35%	17.13%	+9.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.35%	18.16%	+8.19%

SPIT vs. ILCB - Expense Ratio Comparison

SPIT has a 0.89% expense ratio, which is higher than ILCB's 0.03% expense ratio.

Dividends

SPIT vs. ILCB - Dividend Comparison

SPIT's dividend yield for the trailing twelve months is around 5.73%, more than ILCB's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ILCB iShares Morningstar U.S. Equity ETF	0.97%	1.11%	1.19%	1.43%	1.65%	1.16%	1.26%	2.25%	2.17%	1.81%	1.97%	2.44%
SPIT F/m Emerald Special Situations ETF	5.73%	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

Can I hold both SPIT and ILCB in my portfolio?

SPIT and ILCB have a correlation of 0.78, 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 ILCB?

On fees, ILCB is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPIT or ILCB?

ILCB is cheaper with a 0.03% expense ratio, compared with 0.89% for SPIT.

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

SPIT has the higher dividend yield at 5.73%, compared with 0.97% for ILCB.

What is the main difference between SPIT and ILCB?

They also come from different issuers: F/m Investments and iShares. Their fees differ too: 0.89% for SPIT and 0.03% for ILCB.