SPIT vs. PFM

Last updated Jun 25, 2026

SPIT (F/m Emerald Special Situations ETF) and PFM (Invesco Dividend Achievers™ ETF) are both Large Cap Growth Equities funds. SPIT is actively managed, while PFM is passively managed. A 0.61 correlation means they provide meaningful diversification when combined. SPIT charges 0.89%/yr vs 0.53%/yr for PFM.

Performance

SPIT vs. PFM - Performance Comparison

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

Returns By Period

In the year-to-date period, SPIT achieves a 28.11% return, which is significantly higher than PFM's 7.31% return.

SPIT

• 1D: 0.15%
• 1M: 2.98%
• YTD: 28.11%
• 6M: 25.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PFM

• 1D: -0.11%
• 1M: 0.00%
• YTD: 7.31%
• 6M: 6.16%
• 1Y: 16.73%
• 3Y*: 15.60%
• 5Y*: 10.57%
• 10Y*: 11.75%

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

SPIT vs. PFM - Yearly Performance Comparison

	2026 (YTD)	2025
SPIT F/m Emerald Special Situations ETF	28.11%	5.31%
PFM Invesco Dividend Achievers™ ETF	7.31%	1.04%

Correlation

The correlation between SPIT and PFM is 0.61, 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	0.61

Return for Risk

SPIT vs. PFM — Risk / Return Rank

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

SPIT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PFM

PFM Risk / Return Rank: 59
PFM Sharpe Ratio Rank: 60
PFM Sortino Ratio Rank: 64
PFM Omega Ratio Rank: 59
PFM Calmar Ratio Rank: 54
PFM Martin Ratio Rank: 60

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. PFM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Emerald Special Situations ETF (SPIT) and Invesco Dividend Achievers™ ETF (PFM). 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	PFM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.78	—
Sortino ratio: Return per unit of downside risk	—	2.61	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.37	—
Martin ratio: Return relative to average drawdown	—	9.58	—

Drawdowns

SPIT vs. PFM - Drawdown Comparison

The maximum SPIT drawdown since its inception was -12.49%, smaller than the maximum PFM drawdown of -53.21%. Use the drawdown chart below to compare losses from any high point for SPIT and PFM.

Drawdown Indicators

	SPIT	PFM	Difference
Max Drawdown Largest peak-to-trough decline	-12.49%	-53.21%	+40.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.09%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.22%	—
Current Drawdown Current decline from peak	-1.94%	-1.12%	-0.82%
Average Drawdown Average peak-to-trough decline	-2.54%	-6.93%	+4.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.75%	—

Volatility

Volatility by Period

	SPIT	PFM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.57%	9.49%	+17.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.57%	13.51%	+13.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.57%	15.20%	+11.37%

SPIT vs. PFM - Expense Ratio Comparison

SPIT has a 0.89% expense ratio, which is higher than PFM's 0.53% expense ratio.

Dividends

SPIT vs. PFM - Dividend Comparison

SPIT's dividend yield for the trailing twelve months is around 5.60%, more than PFM's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PFM Invesco Dividend Achievers™ ETF	1.36%	1.41%	1.58%	1.86%	1.95%	1.69%	1.92%	1.94%	2.27%	1.70%	2.56%	2.36%
SPIT F/m Emerald Special Situations ETF	5.60%	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 PFM in my portfolio?

SPIT and PFM have a correlation of 0.61, 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 PFM?

On fees, PFM is cheaper at 0.53% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPIT or PFM?

PFM is cheaper with a 0.53% expense ratio, compared with 0.89% for SPIT.

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

SPIT has the higher dividend yield at 5.60%, compared with 1.36% for PFM.

What is the main difference between SPIT and PFM?

They also come from different issuers: F/m Investments and Invesco. Their fees differ too: 0.89% for SPIT and 0.53% for PFM.