SPIT vs SPY
F/m Emerald Special Situations ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SPIT or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPIT led over the full window, SPY over 1Y. SPIT is less concentrated, with 35.5% of the fund in its ten largest positions against 38.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPIT | SPY |
|---|---|---|
| Expense Ratio | 0.89% | 0.09%Best |
| AUM | $33M | $823.2B |
| Dividend Yield | 6.09% | 0.99% |
| Holdings | 92 | 1,515 |
| YTD Return | +9.94% | +13.53%Best |
| 1Y Return | +14.97% | +17.47%Best |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 24.9% | 13.1%Best |
| Max Drawdown | -16.6% | -8.9%Best |
| $10,000 over 1 years | $11,766Best | $11,547 |
| Top 10 Weight | 35.5%Best | 38.2% |
| Fund Family | F-m investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Oct 6, 2025 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Oct 6, 2025 to Oct 14, 2026 (1 years).
SPIT vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1 years both funds cover.
SPIT vs SPY Performance
F/m Emerald Special Situations ETF (SPIT) is an ETF from F-m investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SPIT returned +14.97% while SPY returned +17.47%. Year to date, SPIT is up 9.94% versus a gain of 13.53% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPIT has been the more volatile fund, with annualized monthly volatility of 24.9% compared with 13.1% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.6% for SPIT and -8.9% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPIT charges 0.89% per year while SPY charges 0.09%. On a $10,000 position that is $89 vs $9 annually, a gap of $80 per year that compounds over a long holding period. On income, SPIT currently yields 6.09% against 0.99% for SPY.
Holdings Overlap
14.7% of SPIT's money is in holdings SPY also owns. 11.9% of SPY's money is in holdings SPIT also owns.
SPIT and SPY share little of their money.
6 positions in common, counted across the 44 positions we hold weights for in SPIT and 504 in SPY, against full books of 92 and 1,515.
What only one of them owns
Our book lists 490 positions for SPY that do not appear in our book for SPIT (87.2% of the fund), and 37 for SPIT that do not appear in SPY (83.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of SPIT and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPIT or SPY?
SPIT has an expense ratio of 0.89% while SPY charges 0.09%. SPY is the cheaper option, by $80 a year on a $10,000 investment.
Which performed better, SPIT or SPY?
Over the past year SPIT returned +14.97% vs +17.47% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SPIT annualized +17.66% vs +15.47% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPIT or SPY?
SPIT has been the more volatile fund at 24.9% annualized versus 13.1% for SPY. Worst drawdown: SPIT -16.6% vs SPY -8.9%.
Should I hold both SPIT and SPY?
SPIT and SPY have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPIT and SPY?
14.7% of SPIT's money is in holdings SPY also owns. 11.9% of SPY's is in holdings SPIT also owns. They hold 6 positions in common, counted across the 44 positions we hold weights for in SPIT and 504 in SPY.
Which pays a higher dividend, SPIT or SPY?
SPIT yields 6.09% while SPY yields 0.99%, so SPIT currently pays the higher dividend yield.
Is SPY better than SPIT?
SPY has a lower expense ratio. SPIT led over the full window, SPY over 1Y. SPIT is less concentrated, with 35.5% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.