- ISIN
- US45259A4159
- CUSIP
- 45259A415
- Issuer
- Azoria
- Inception Date
- Jul 7, 2025
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
SPXM Performance Chart
Azoria 500 Meritocracy ETF (SPXM) is up 0.0% since the beginning of the year. SPXM is currently trading at $22 per share.
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Returns By Period
Azoria 500 Meritocracy ETF
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SPXM Monthly Returns History
Based on dividend-adjusted daily data since Jul 8, 2025, SPXM's average daily return is +0.05%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.
Historically, 50% of months were positive and 50% were negative. The best month was Sep 2025 with a return of +3.3%, while the worst month was Jan 2026 at 0.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 0 months.
On a daily basis, SPXM closed higher 34% of trading days. The best single day was Nov 10, 2025 with a return of +1.6%, while the worst single day was Oct 10, 2025 at -2.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||
| 2025 | 1.90% | 1.59% | 3.28% | 2.14% | 0.05% | 0.00% | 9.27% |
Benchmark Metrics
Azoria 500 Meritocracy ETF has an annualized alpha of 1.43%, beta of 0.38, and R2 of 0.38 versus S&P 500 Index. Calculated based on daily prices since July 08, 2025.
- This ETF captured 30.98% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.00%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.38 may look defensive, but with R2 of 0.38 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.38 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.43%
- Beta
- 0.38
- R²
- 0.38
- Upside Capture
- 30.98%
- Downside Capture
- -0.00%
Expense Ratio
SPXM has an expense ratio of 0.47%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Azoria 500 Meritocracy ETF (SPXM) and compare them to S&P 500 Index.
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.
| SPXM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Azoria 500 Meritocracy ETF provided a 0.24% dividend yield over the last twelve months, with an annual payout of $0.05 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.05 | $0.05 |
Dividend yield | 0.24% | 0.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Azoria 500 Meritocracy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2025 | $0.02 | $0.02 | $0.00 | $0.02 | $0.00 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Azoria 500 Meritocracy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Azoria 500 Meritocracy ETF was 5.08%, occurring on Nov 20, 2025. The portfolio has not yet recovered.
The current Azoria 500 Meritocracy ETF drawdown is 0.75%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 pullback2025 | -5.08%Nov 2025 | 22d | — | 7mo 27dOct 2025 - now |
2025 pullback2025 | -2.88%Oct 2025 | 1d | 14d | 15dOct 2025 - Oct 2025 |
2025 pullback2025 | -2.25%Aug 2025 | 3d | 11d | 14dJul 2025 - Aug 2025 |
2025 pullback2025 | -1.69%Aug 2025 | 6d | 6d | 12dAug 2025 - Aug 2025 |
2025 pullback2025 | -1.49%Sep 2025 | 2d | 6d | 8dSep 2025 - Oct 2025 |
Drawdown Indicators
| SPXM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.08% | -56.78% | +51.70% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.75% | -1.80% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -0.78% | -10.71% | +9.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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