SPIT vs. OUSA

Last updated Apr 2, 2026

Compare and contrast key facts about F/m Emerald Special Situations ETF (SPIT) and OShares U.S. Quality Dividend ETF (OUSA).

SPIT and OUSA 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. OUSA is a passively managed fund by O'Shares Investments that tracks the performance of the O'Shares US Quality Dividend Index. It was launched on Jul 14, 2015.

Performance

SPIT vs. OUSA - Performance Comparison

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

SPIT vs. OUSA - Yearly Performance Comparison

	2026 (YTD)	2025
SPIT F/m Emerald Special Situations ETF	3.06%	5.20%
OUSA OShares U.S. Quality Dividend ETF	-3.08%	2.10%

Returns By Period

In the year-to-date period, SPIT achieves a 3.06% return, which is significantly higher than OUSA's -3.08% return.

SPIT

• 1D: 0.73%
• 1M: -6.89%
• YTD: 3.06%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OUSA

• 1D: 0.09%
• 1M: -5.67%
• YTD: -3.08%
• 6M: -0.81%
• 1Y: 6.59%
• 3Y*: 11.55%
• 5Y*: 8.68%
• 10Y*: 9.94%

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

SPIT vs. OUSA - Expense Ratio Comparison

SPIT has a 0.89% expense ratio, which is higher than OUSA's 0.48% expense ratio.

SPIT

F/m Emerald Special Situations ETF

OUSA

OShares U.S. Quality Dividend ETF

Return for Risk

SPIT vs. OUSA — Risk / Return Rank

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

OUSA

OUSA Risk / Return Rank: 26
OUSA Sharpe Ratio Rank: 25
OUSA Sortino Ratio Rank: 25
OUSA Omega Ratio Rank: 25
OUSA Calmar Ratio Rank: 27
OUSA Martin Ratio Rank: 29

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. OUSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Emerald Special Situations ETF (SPIT) and OShares U.S. Quality Dividend ETF (OUSA). 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	OUSA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.48	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.66	0.00

Correlation

The correlation between SPIT and OUSA is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SPIT vs. OUSA - Dividend Comparison

SPIT's dividend yield for the trailing twelve months is around 6.97%, more than OUSA's 1.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPIT F/m Emerald Special Situations ETF	6.97%	7.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OUSA OShares U.S. Quality Dividend ETF	1.46%	1.39%	1.50%	1.81%	1.92%	1.56%	2.03%	2.31%	3.06%	2.15%	2.32%	1.17%

Drawdowns

SPIT vs. OUSA - Drawdown Comparison

The maximum SPIT drawdown since its inception was -12.49%, smaller than the maximum OUSA drawdown of -33.12%. Use the drawdown chart below to compare losses from any high point for SPIT and OUSA.

Drawdown Indicators

	SPIT	OUSA	Difference
Max Drawdown Largest peak-to-trough decline	-12.49%	-33.12%	+20.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.80%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.54%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.12%	—
Current Drawdown Current decline from peak	-7.72%	-6.57%	-1.15%
Average Drawdown Average peak-to-trough decline	-3.04%	-3.54%	+0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.42%	—

Volatility

Volatility by Period

	SPIT	OUSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.52%	13.83%	+13.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.52%	13.31%	+14.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.52%	15.14%	+12.38%