ZHOG vs. SPIT

Last updated Jun 23, 2026

ZHOG (F/m Opportunistic Income ETF) and SPIT (F/m Emerald Special Situations ETF) are both exchange-traded funds - ZHOG is a Intermediate Core-Plus Bond fund actively managed by F/m Investments, while SPIT is a Large Cap Growth Equities fund actively managed by F/m Investments. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. ZHOG charges 0.43%/yr vs 0.89%/yr for SPIT.

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.

Returns By Period

In the year-to-date period, ZHOG achieves a 0.75% return, which is significantly lower than SPIT's 30.41% return.

ZHOG

• 1D: -0.09%
• 1M: 0.31%
• YTD: 0.75%
• 6M: 0.84%
• 1Y: 4.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPIT

• 1D: -0.18%
• 1M: 4.82%
• YTD: 30.41%
• 6M: 28.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZHOG vs. SPIT - Yearly Performance Comparison

	2026 (YTD)	2025
ZHOG F/m Opportunistic Income ETF	0.75%	1.02%
SPIT F/m Emerald Special Situations ETF	30.41%	5.31%

Correlation

The correlation between ZHOG and SPIT is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 6, 2025	0.41

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: 87
ZHOG Sharpe Ratio Rank: 91
ZHOG Sortino Ratio Rank: 94
ZHOG Omega Ratio Rank: 93
ZHOG Calmar Ratio Rank: 74
ZHOG Martin Ratio Rank: 82

SPIT

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

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.

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.

	ZHOG	SPIT	Difference
Sharpe ratio: Return per unit of total volatility	3.04	—	—
Sortino ratio: Return per unit of downside risk	4.68	—	—
Omega ratio: Gain probability vs. loss probability	1.61	—	—
Calmar ratio: Return relative to maximum drawdown	3.68	—	—
Martin ratio: Return relative to average drawdown	15.83	—	—

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	-1.31%	—	—
Current Drawdown Current decline from peak	-0.28%	-0.18%	-0.10%
Average Drawdown Average peak-to-trough decline	-0.69%	-2.55%	+1.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.30%	—	—

Volatility

Volatility by Period

	ZHOG	SPIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.59%	26.60%	-25.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.98%	26.60%	-22.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.98%	26.60%	-22.62%

ZHOG vs. SPIT - Expense Ratio Comparison

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

Dividends

ZHOG vs. SPIT - Dividend Comparison

ZHOG's dividend yield for the trailing twelve months is around 5.12%, less than SPIT's 5.51% yield.

Position	TTM	2025	2024	2023
SPIT F/m Emerald Special Situations ETF	5.51%	7.18%	0.00%	0.00%
ZHOG F/m Opportunistic Income ETF	5.12%	5.35%	5.50%	1.70%

Frequently Asked Questions

Can I hold both ZHOG and SPIT in my portfolio?

ZHOG and SPIT have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZHOG or SPIT?

On fees, ZHOG is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZHOG or SPIT?

ZHOG is cheaper with a 0.43% expense ratio, compared with 0.89% for SPIT.

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

SPIT has the higher dividend yield at 5.51%, compared with 5.12% for ZHOG.

What is the main difference between ZHOG and SPIT?

ZHOG is categorized as Intermediate Core-Plus Bond, while SPIT is Large Cap Growth Equities. Their fees differ too: 0.43% for ZHOG and 0.89% for SPIT.