ZTOP vs. SPIT
ZTOP (F/m High Yield 100 ETF) and SPIT (F/m Emerald Special Situations ETF) are both exchange-traded funds - ZTOP is a High Yield Bonds fund tracking the Bloomberg U.S. High Yield Top 100 Quality Select Equal Weighted Index, while SPIT is a Large Cap Growth Equities fund actively managed by F/m. ZTOP is passively managed, while SPIT is actively managed. Their 0.57 correlation means they have sometimes moved together and sometimes differently. ZTOP charges 0.39%/yr vs 0.89%/yr for SPIT.
Performance
ZTOP vs. SPIT - Performance Comparison
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Returns By Period
In the year-to-date period, ZTOP achieves a 1.62% return, which is significantly lower than SPIT's 24.45% return.
ZTOP
- 1D
- 0.09%
- 1M
- -0.35%
- 6M
- 1.01%
- YTD
- 1.62%
- 1Y
- 4.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.51%
SPIT
- 1D
- 0.51%
- 1M
- -5.03%
- 6M
- 16.23%
- YTD
- 24.45%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $242.68K | $282.09K | $201.11K | |
| $9.29K | $12.01K | $41.65K |
ZTOP vs. SPIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZTOP F/m High Yield 100 ETF | 1.62% | 1.17% |
SPIT F/m Emerald Special Situations ETF | 24.45% | 5.31% |
Correlation
The correlation between ZTOP and SPIT is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 6, 2025 | 0.57 |
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Return for Risk
ZTOP vs. SPIT — Risk / Return Rank
ZTOP
SPIT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ZTOP vs. SPIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/m High Yield 100 ETF (ZTOP) 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.
| ZTOP | SPIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | — | — |
| Martin ratioReturn relative to average drawdown | 8.69 | — | — |
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Drawdowns
ZTOP vs. SPIT - Drawdown Comparison
The maximum ZTOP drawdown since its inception was -2.52%, smaller than the maximum SPIT drawdown of -12.49%. Use the drawdown chart below to compare losses from any high point for ZTOP and SPIT.
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Drawdown Indicators
| ZTOP | SPIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.52% | -12.49% | +9.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -7.55% | +7.09% |
Average DrawdownAverage peak-to-trough decline | -0.29% | -2.85% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | — | — |
Volatility
ZTOP vs. SPIT - Volatility Comparison
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Volatility by Period
| ZTOP | SPIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 26.59% | -23.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.38% | 26.59% | -23.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.38% | 26.59% | -23.21% |
ZTOP vs. SPIT - Expense Ratio Comparison
ZTOP has a 0.39% expense ratio, which is lower than SPIT's 0.89% expense ratio.
Dividends
ZTOP vs. SPIT - Dividend Comparison
ZTOP's dividend yield for the trailing twelve months is around 6.29%, more than SPIT's 5.77% yield.
| Position | TTM | 2025 |
|---|---|---|
SPIT F/m Emerald Special Situations ETF | 5.77% | 7.18% |
ZTOP F/m High Yield 100 ETF | 6.29% | 4.39% |
Frequently Asked Questions
ZTOP and SPIT have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZTOP is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZTOP is cheaper with a 0.39% expense ratio, compared with 0.89% for SPIT.
ZTOP has the higher dividend yield at 6.29%, compared with 5.77% for SPIT.
ZTOP is categorized as High Yield Bonds, while SPIT is Large Cap Growth Equities. Their fees differ too: 0.39% for ZTOP and 0.89% for SPIT.
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