ZHOG vs. SPIT

Last updated Apr 1, 2026

Compare and contrast key facts about F/m Opportunistic Income ETF (ZHOG) and F/m Emerald Special Situations ETF (SPIT).

ZHOG and SPIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZHOG is an actively managed fund by F/m Investments. It was launched on Sep 5, 2023. SPIT is an actively managed fund by F/m Investments. It was launched on Aug 1, 2014.

Performance

ZHOG vs. SPIT - Performance Comparison

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

ZHOG vs. SPIT - Yearly Performance Comparison

	2026 (YTD)	2025
ZHOG F/m Opportunistic Income ETF	-0.08%	1.07%
SPIT F/m Emerald Special Situations ETF	2.31%	5.20%

Returns By Period

In the year-to-date period, ZHOG achieves a -0.08% return, which is significantly lower than SPIT's 2.31% return.

ZHOG

• 1D: 0.31%
• 1M: -0.81%
• YTD: -0.08%
• 6M: 1.03%
• 1Y: 4.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPIT

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

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

ZHOG vs. SPIT - Expense Ratio Comparison

ZHOG has a 0.43% expense ratio, which is lower than SPIT's 0.89% expense ratio.

SPIT

F/m Emerald Special Situations ETF

ZHOG

F/m Opportunistic Income ETF

Return for Risk

ZHOG vs. SPIT — Risk / Return Rank

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

ZHOG

ZHOG Risk / Return Rank: 86
ZHOG Sharpe Ratio Rank: 90
ZHOG Sortino Ratio Rank: 90
ZHOG Omega Ratio Rank: 94
ZHOG Calmar Ratio Rank: 77
ZHOG Martin Ratio Rank: 77

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.

ZHOG vs. SPIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Opportunistic Income ETF (ZHOG) and F/m Emerald Special Situations ETF (SPIT). 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.

	ZHOG	SPIT	Difference
Sharpe ratio Return per unit of total volatility	1.98	—	—
Sortino ratio Return per unit of downside risk	2.64	—	—
Omega ratio Gain probability vs. loss probability	1.44	—	—
Calmar ratio Return relative to maximum drawdown	2.13	—	—
Martin ratio Return relative to average drawdown	8.62	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ZHOG	SPIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.60	0.60	+1.00

Correlation

The correlation between ZHOG and SPIT is 0.29, 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

ZHOG vs. SPIT - Dividend Comparison

ZHOG's dividend yield for the trailing twelve months is around 5.60%, less than SPIT's 7.02% yield.

	TTM	2025	2024	2023
ZHOG F/m Opportunistic Income ETF	5.60%	5.35%	5.50%	1.70%
SPIT F/m Emerald Special Situations ETF	7.02%	7.18%	0.00%	0.00%

Drawdowns

ZHOG vs. SPIT - Drawdown Comparison

The maximum ZHOG drawdown since its inception was -3.66%, smaller than the maximum SPIT drawdown of -12.49%. Use the drawdown chart below to compare losses from any high point for ZHOG and SPIT.

Drawdown Indicators

	ZHOG	SPIT	Difference
Max Drawdown Largest peak-to-trough decline	-3.66%	-12.49%	+8.83%
Max Drawdown (1Y) Largest decline over 1 year	-2.20%	—	—
Current Drawdown Current decline from peak	-0.83%	-8.39%	+7.56%
Average Drawdown Average peak-to-trough decline	-0.73%	-3.00%	+2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	—	—

Volatility

Volatility by Period

	ZHOG	SPIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.31%	27.61%	-25.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.13%	27.61%	-23.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.13%	27.61%	-23.48%