SPIT vs. ILCB
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
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Returns By Period
In the year-to-date period, SPIT achieves a 27.92% return, which is significantly higher than ILCB's 8.52% return.
SPIT
- 1D
- -1.91%
- 1M
- 2.82%
- YTD
- 27.92%
- 6M
- 26.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ILCB
- 1D
- -1.36%
- 1M
- -1.01%
- YTD
- 8.52%
- 6M
- 7.55%
- 1Y
- 23.81%
- 3Y*
- 21.04%
- 5Y*
- 12.58%
- 10Y*
- 14.97%
SPIT vs. ILCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPIT F/m Emerald Special Situations ETF | 27.92% | 5.31% |
ILCB iShares Morningstar U.S. Equity ETF | 8.52% | 2.01% |
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 6, 2025 | 0.78 |
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Return for Risk
SPIT vs. ILCB — Risk / Return Rank
SPIT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ILCB
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.
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 | ILCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.63 | — |
| Martin ratioReturn relative to average drawdown | — | 11.66 | — |
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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.
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Drawdown Indicators
| SPIT | ILCB | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -2.09% | -3.00% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -6.23% | +3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.05% | — |
Volatility
SPIT vs. ILCB - Volatility Comparison
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Volatility by Period
| SPIT | ILCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.99% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.64% | 12.66% | +13.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.64% | 17.23% | +9.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.64% | 18.20% | +8.44% |
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 5.61%, more than ILCB's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILCB iShares Morningstar U.S. Equity ETF | 1.00% | 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 | 5.61% | 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
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.
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.
ILCB is cheaper with a 0.03% expense ratio, compared with 0.89% for SPIT.
SPIT has the higher dividend yield at 5.61%, compared with 1.00% for 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.
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