SPIT vs. IQM

Last updated Apr 1, 2026

Compare and contrast key facts about F/m Emerald Special Situations ETF (SPIT) and Franklin Intelligent Machines ETF (IQM).

SPIT and IQM 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. IQM is an actively managed fund by Franklin Templeton. It was launched on Feb 25, 2020.

Performance

SPIT vs. IQM - Performance Comparison

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

SPIT vs. IQM - Yearly Performance Comparison

	2026 (YTD)	2025
SPIT F/m Emerald Special Situations ETF	2.31%	5.20%
IQM Franklin Intelligent Machines ETF	1.18%	-2.57%

Returns By Period

In the year-to-date period, SPIT achieves a 2.31% return, which is significantly higher than IQM's 1.18% return.

SPIT

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

IQM

• 1D: 6.12%
• 1M: -5.61%
• YTD: 1.18%
• 6M: 1.33%
• 1Y: 55.72%
• 3Y*: 26.13%
• 5Y*: 14.95%
• 10Y*: —

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

SPIT vs. IQM - Expense Ratio Comparison

SPIT has a 0.89% expense ratio, which is higher than IQM's 0.50% expense ratio.

SPIT

F/m Emerald Special Situations ETF

IQM

Franklin Intelligent Machines ETF

Return for Risk

SPIT vs. IQM — Risk / Return Rank

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

IQM

IQM Risk / Return Rank: 88
IQM Sharpe Ratio Rank: 85
IQM Sortino Ratio Rank: 86
IQM Omega Ratio Rank: 83
IQM Calmar Ratio Rank: 94
IQM Martin Ratio Rank: 91

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. IQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Emerald Special Situations ETF (SPIT) and Franklin Intelligent Machines ETF (IQM). 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	IQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.68	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.77	-0.17

Correlation

The correlation between SPIT and IQM is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SPIT vs. IQM - Dividend Comparison

SPIT's dividend yield for the trailing twelve months is around 7.02%, while IQM has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
SPIT F/m Emerald Special Situations ETF	7.02%	7.18%	0.00%	0.00%	0.00%	0.00%	0.00%
IQM Franklin Intelligent Machines ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.17%	0.01%

Drawdowns

SPIT vs. IQM - Drawdown Comparison

The maximum SPIT drawdown since its inception was -12.49%, smaller than the maximum IQM drawdown of -44.91%. Use the drawdown chart below to compare losses from any high point for SPIT and IQM.

Drawdown Indicators

	SPIT	IQM	Difference
Max Drawdown Largest peak-to-trough decline	-12.49%	-44.91%	+32.42%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-44.91%	—
Current Drawdown Current decline from peak	-8.39%	-8.68%	+0.29%
Average Drawdown Average peak-to-trough decline	-3.00%	-12.55%	+9.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.70%	—

Volatility

Volatility by Period

	SPIT	IQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.61%	33.37%	-5.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.61%	28.67%	-1.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.61%	30.73%	-3.12%