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SPIT vs TACU

F/m Emerald Special Situations ETF

SPITDNasdaq

T. Rowe Price Active Core U.S. Equity ETF

TACUANYSE Arca

Overlap

Expense ratio

TACU −0.90pt a year

SPIT0.90%TACU0.00%

Avg volume · 30D

SPIT 1.4×the volume

SPIT5.77KTACU4.15K

SPIT vs TACU Performance

Dec 31, 2025 – Oct 30, 2026

+11.6%SPIT+11.2%TACU

Dec 31, 2025 to Oct 30, 2026. SPIT +11.6%. TACU +11.2%. Use the arrow keys to read each point.0%20%30%Dec 2025Jun 2026Oct 2026
Expense ratio
SPIT 0.90%
TACU 0.00%, better
Fund size
SPIT $32M
TACU $17M
1Y total return
SPIT +10.0%
TACU No data
Holdings
SPIT 45
TACU 411
Avg volume (30D)
SPIT 5.77K sh, better
TACU 4.15K sh
NAV per share
SPIT $28.94
TACU $27.68
52W range

ETF.net Grade

SPIT: Cost 23, Risk 17, Mission not scored, Tradability 38, Holdings 75, Durability 23. TACU: Cost 99, Risk 69, Mission 81, Tradability 49, Holdings 83, Durability 43.
Pillar letters and Scores for SPIT, TACU, with each pillar’s weight
PillarSPITTACU
Cost30% weightF23A99Higher
Mission25% weightNot scoredA81
Risk15% weightF17B69Higher
Tradability15% weightD38C49Higher
Holdings10% weightA75A83Higher
Durability5% weightF23C43Higher

Rank among US Active Equity funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SPIT and TACU are both graded against the same 121 US Active Equity funds, so their Grades compare head to head.

US Active Equity⁠

Category · 121 funds
See all 121 ›

TACU ranks 9th and SPIT 104th of 121 funds in the US Active Equity Category.

  1. Rank 8AAPUEActivePassive U.S. Equity ETFScore 78
  2. Rank 9ATACUT. Rowe Price Active Core U.S. Equity ETFScore 77
  3. Rank 10APQUSPictet AI Enhanced US Equity ETFScore 76
  4. Rank 104DFFFFounders 100 ETFScore 31
  5. Rank 104DSPITF/m Emerald Special Situations ETFScore 31
  6. Rank 104DTIMEClockwise U.S. Core Equity ETFScore 31

Our read on each fund

ETF.net Research

SPITDF/m Emerald Special Situations ETF

TACUAT. Rowe Price Active Core U.S. Equity ETF

In short

SPIT Event-driven stock picking in an ETF wrapper: spin-offs, recapitalizations, transformational M&A, new bosses in the corner office. Benchmark-agnostic, any market cap, concentrated, and priced like the active mandate it is at 0.90%.

TACU T. Rowe Price's quant-plus-fundamental take on core large-cap U.S. stock, benchmarked to the Russell 1000. Gross fee 0.14%, fully waived to zero through January 30, 2027.

Stated mandate

SPIT The Fund seeks long-term growth through capital appreciation and primarily invests in equity securities of companies undergoing unique, idiosyncratic situations or transformations, including mergers, reorganizations, and other unusual issuer-specific events.

TACU The fund seeks long-term capital growth through a primarily U.S. equity portfolio. It combines quantitative models with fundamental, bottom-up analysis and seeks excess returns relative to the Russell 1000 Index.

Why people hold it

  • SPIT Hunts catalysts, not sectors: spin-offs, divestitures, recapitalizations, transformational mergers and leadership changes, with at least 80% of assets in such special situations.emeraldetfs.com
  • Benchmark-agnostic and sector-agnostic by design, across market caps, so the portfolio is not anchored to mega-cap index weights.businesswire.com
  • Sub-advised by Emerald's Lancaster, Pennsylvania team, which has managed client money since 1992, under F/m Investments as adviser.businesswire.comnasdaqtrader.com
  • TACU Fee fully waived: 0.14% gross, zero net through January 30, 2027. That sits below every top-scoring peer in the category, including DFAU at 0.12% with no waiver.troweprice.com
  • Quant models feed bottom-up stock picking with tilts to profitability, quality and value, chasing excess return over the Russell 1000 while holding tracking error tight.troweprice.com
  • Several hundred large-cap names, so no single position runs the show. One of the stronger profiles in a crowded active U.S. equity field.troweprice.com

Worth knowing

  • SPIT At 0.90% it sits above the typical US active equity fund, with no fee waiver; index-tracking peers like DFAU (0.12%) and AVLC (0.15%) cost far less.
  • Launched October 2025, so the live record is short, and it has stayed small and lightly traded so far; spreads can run wider than on giant index funds.
  • Concentrated and catalyst-driven: single names swing results, and the issuer frames it as a satellite 'gas pedal' rather than a core holding.businesswire.comyahoo.com
  • TACU Launched in December 2025, so the live record is short and the risk read rests on limited history.
  • Still a small fund that trades lightly, which can mean wider spreads than the category's giants.
  • Distributions are annual at most, with no declared income target. This is a growth mandate, not a cash-flow one.

Full SPIT profile⁠

Full TACU profile⁠

SPIT vs TACU Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SPIT vs TACU Cost

Overpaying SPIT vs TACU

$17,040

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SPIT 0.90%

    $17,040

  • TACU 0.00%

    $0

$10,000
30 years

Cost over time

  • SPIT 0.90%
  • TACU 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SPIT $17,040TACU $0

Year by year

YearSPITTACUOverpaying
10$1,593$0$1,593
20$6,015$0$6,015
30$17,040$0$17,040

Expense ratio

  • 0.90%SPIT
  • 0.00%TACU, cheaper
  • Middle half of US Active Equity funds
  • Median 0.68%

TACU cheapest of 121 funds

SPIT 94th cheapest of 121 funds

SPIT vs TACU Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
SPIT No data
TACU None
Last payment
SPIT $1.86
TACU No data
Ex-dividend
SPIT Nov 13, 2025
TACU No data
Paid on
SPIT Nov 14, 2025
TACU No data
Frequency
SPIT Irregular
TACU No data

Distribution history

Per share, 2025 to 2026, same scale for both

SPITIrregular · 1 paymentAll SPIT payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Nov 13, 2025 $1.86. Use the arrow keys to read each point.$0$22026YTD
TACUAll TACU payments⁠

No distribution history available.

SPIT vs TACU Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SPIT 25.0%since Nov 2025TACU No data
Return per unit of riskSharpe ratio, 3 years
SPIT 0.34since Nov 2025TACU No data
Worst fallMax drawdown, 5 years
SPIT −19.5%since Oct 2025TACU No data
Market sensitivityBeta, 5 years
SPIT 1.47TACU 0.96

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