SPIT vs. ZTOP

Last updated Apr 1, 2026

Compare and contrast key facts about F/m Emerald Special Situations ETF (SPIT) and F/m High Yield 100 ETF (ZTOP).

SPIT and ZTOP 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. ZTOP is a passively managed fund by F/m Investments that tracks the performance of the Bloomberg U.S. High Yield Top 100 Quality Select Equal Weighted Index. It was launched on Apr 14, 2025.

Performance

SPIT vs. ZTOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m Emerald Special Situations ETF (SPIT) and F/m High Yield 100 ETF (ZTOP). The values are adjusted to include any dividend payments, if applicable.

SPIT vs. ZTOP - Yearly Performance Comparison

	2026 (YTD)	2025
SPIT F/m Emerald Special Situations ETF	2.31%	5.20%
ZTOP F/m High Yield 100 ETF	-0.26%	1.15%

Returns By Period

In the year-to-date period, SPIT achieves a 2.31% return, which is significantly higher than ZTOP's -0.26% return.

SPIT

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

ZTOP

• 1D: 1.00%
• 1M: -1.11%
• YTD: -0.26%
• 6M: 1.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPIT vs. ZTOP - Expense Ratio Comparison

SPIT has a 0.89% expense ratio, which is higher than ZTOP's 0.39% expense ratio.

SPIT

F/m Emerald Special Situations ETF

ZTOP

F/m High Yield 100 ETF

Return for Risk

SPIT vs. ZTOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Emerald Special Situations ETF (SPIT) and F/m High Yield 100 ETF (ZTOP). 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	ZTOP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	2.38	-1.78

Correlation

The correlation between SPIT and ZTOP is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SPIT vs. ZTOP - Dividend Comparison

SPIT's dividend yield for the trailing twelve months is around 7.02%, more than ZTOP's 5.79% yield.

	TTM	2025
SPIT F/m Emerald Special Situations ETF	7.02%	7.18%
ZTOP F/m High Yield 100 ETF	5.79%	4.39%

Drawdowns

SPIT vs. ZTOP - Drawdown Comparison

The maximum SPIT drawdown since its inception was -12.49%, which is greater than ZTOP's maximum drawdown of -2.52%. Use the drawdown chart below to compare losses from any high point for SPIT and ZTOP.

Drawdown Indicators

	SPIT	ZTOP	Difference
Max Drawdown Largest peak-to-trough decline	-12.49%	-2.52%	-9.97%
Current Drawdown Current decline from peak	-8.39%	-1.42%	-6.97%
Average Drawdown Average peak-to-trough decline	-3.00%	-0.29%	-2.71%

Volatility

Volatility by Period

	SPIT	ZTOP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	27.61%	3.48%	+24.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.61%	3.48%	+24.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.61%	3.48%	+24.13%