ZTEN vs. SPIT
ZTEN (F/M 10-Year Investment Grade Corporate Bond ETF) and SPIT (F/m Emerald Special Situations ETF) are both exchange-traded funds - ZTEN is a Long-Term Bond fund tracking the ICE 10-Year US Target Maturity Corporate Index - Benchmark TR Gross, while SPIT is a Large Cap Growth Equities fund actively managed by F/m. ZTEN is passively managed, while SPIT is actively managed. Their 0.36 correlation means their historical movements had little consistent relationship. ZTEN charges 0.15%/yr vs 0.89%/yr for SPIT.
Performance
ZTEN vs. SPIT - Performance Comparison
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Returns By Period
In the year-to-date period, ZTEN achieves a 0.08% return, which is significantly lower than SPIT's 30.99% return.
ZTEN
- 1D
- 0.60%
- 1M
- -0.73%
- 6M
- 0.06%
- YTD
- 0.08%
- 1Y
- 3.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.79%
SPIT
- 1D
- 3.20%
- 1M
- -0.04%
- 6M
- 20.96%
- YTD
- 30.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $212.48K | $267.82K | $195.32K | |
| $51.21K | $43.84K | $104.13K |
ZTEN vs. SPIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | 0.08% | 0.81% |
SPIT F/m Emerald Special Situations ETF | 30.99% | 5.31% |
Correlation
The correlation between ZTEN and SPIT is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 6, 2025 | 0.36 |
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Return for Risk
ZTEN vs. SPIT — Risk / Return Rank
ZTEN
SPIT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ZTEN vs. SPIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) 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.
| ZTEN | SPIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.11 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | — | — |
| Martin ratioReturn relative to average drawdown | 2.62 | — | — |
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Drawdowns
ZTEN vs. SPIT - Drawdown Comparison
The maximum ZTEN drawdown since its inception was -3.43%, smaller than the maximum SPIT drawdown of -12.49%. Use the drawdown chart below to compare losses from any high point for ZTEN and SPIT.
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Drawdown Indicators
| ZTEN | SPIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.43% | -12.49% | +9.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | — | — |
Current DrawdownCurrent decline from peak | -1.54% | -2.69% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -0.86% | -2.87% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | — | — |
Volatility
ZTEN vs. SPIT - Volatility Comparison
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Volatility by Period
| ZTEN | SPIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.07% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.92% | 26.75% | -21.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.73% | 26.75% | -21.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.73% | 26.75% | -21.02% |
ZTEN vs. SPIT - Expense Ratio Comparison
ZTEN has a 0.15% expense ratio, which is lower than SPIT's 0.89% expense ratio.
Dividends
ZTEN vs. SPIT - Dividend Comparison
ZTEN's dividend yield for the trailing twelve months is around 5.08%, less than SPIT's 5.48% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SPIT F/m Emerald Special Situations ETF | 5.48% | 7.18% | 0.00% |
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | 5.08% | 5.16% | 0.44% |
Frequently Asked Questions
ZTEN and SPIT have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZTEN is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZTEN is cheaper with a 0.15% expense ratio, compared with 0.89% for SPIT.
SPIT has the higher dividend yield at 5.48%, compared with 5.08% for ZTEN.
ZTEN is categorized as Long-Term Bond, while SPIT is Large Cap Growth Equities. Their fees differ too: 0.15% for ZTEN and 0.89% for SPIT.
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