SPIT vs. ITOT

Last updated Apr 1, 2026

Compare and contrast key facts about F/m Emerald Special Situations ETF (SPIT) and iShares Core S&P Total U.S. Stock Market ETF (ITOT).

SPIT and ITOT 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. ITOT is a passively managed fund by iShares that tracks the performance of the S&P Composite 1500 Index. It was launched on Jan 20, 2004.

Performance

SPIT vs. ITOT - Performance Comparison

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

SPIT vs. ITOT - Yearly Performance Comparison

	2026 (YTD)	2025
SPIT F/m Emerald Special Situations ETF	2.31%	5.20%
ITOT iShares Core S&P Total U.S. Stock Market ETF	-4.00%	1.48%

Returns By Period

In the year-to-date period, SPIT achieves a 2.31% return, which is significantly higher than ITOT's -4.00% return.

SPIT

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

ITOT

• 1D: 2.98%
• 1M: -4.92%
• YTD: -4.00%
• 6M: -1.67%
• 1Y: 18.07%
• 3Y*: 17.83%
• 5Y*: 10.46%
• 10Y*: 13.57%

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

SPIT vs. ITOT - Expense Ratio Comparison

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

SPIT

F/m Emerald Special Situations ETF

ITOT

iShares Core S&P Total U.S. Stock Market ETF

Return for Risk

SPIT vs. ITOT — Risk / Return Rank

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

ITOT

ITOT Risk / Return Rank: 65
ITOT Sharpe Ratio Rank: 59
ITOT Sortino Ratio Rank: 62
ITOT Omega Ratio Rank: 65
ITOT Calmar Ratio Rank: 64
ITOT Martin Ratio Rank: 74

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. ITOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Emerald Special Situations ETF (SPIT) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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	ITOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.97	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.54	+0.07

Correlation

The correlation between SPIT and ITOT is 0.80, 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. ITOT - Dividend Comparison

SPIT's dividend yield for the trailing twelve months is around 7.02%, more than ITOT's 1.13% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPIT F/m Emerald Special Situations ETF	7.02%	7.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ITOT iShares Core S&P Total U.S. Stock Market ETF	1.13%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%

Drawdowns

SPIT vs. ITOT - Drawdown Comparison

The maximum SPIT drawdown since its inception was -12.49%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for SPIT and ITOT.

Drawdown Indicators

	SPIT	ITOT	Difference
Max Drawdown Largest peak-to-trough decline	-12.49%	-55.20%	+42.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.00%	—
Current Drawdown Current decline from peak	-8.39%	-6.18%	-2.21%
Average Drawdown Average peak-to-trough decline	-3.00%	-7.02%	+4.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.59%	—

Volatility

Volatility by Period

	SPIT	ITOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.61%	18.67%	+8.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.61%	17.37%	+10.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.61%	18.25%	+9.36%