Azoria 500 Meritocracy ETF (SPXM)

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The chart shows the growth of an initial investment of $10,000 in Azoria 500 Meritocracy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Based on dividend-adjusted daily data since Jul 8, 2025, SPXM's average daily return is +0.06%, while the average monthly return is +0.99%. At this rate, your investment would double in approximately 5.9 years.

Historically, 67% of months were positive and 33% 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 46% 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%.

Azoria 500 Meritocracy ETF has an annualized alpha of 8.84%, beta of 0.56, and R² of 0.57 versus S&P 500 Index. Calculated based on daily prices since July 09, 2025.

• This ETF captured 83.60% 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.
• This ETF generated an annualized alpha of 8.84% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• Beta of 0.56 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

SPXM has an expense ratio of 0.47%, placing it in the medium range.

The table below present risk-adjusted performance metrics for Azoria 500 Meritocracy ETF (SPXM) and compare them to a chosen benchmark (S&P 500 Index).

Azoria 500 Meritocracy ETF provided a 0.24% dividend yield over the last twelve months, with an annual payout of $0.05 per share.

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.

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.

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%.

The chart below shows the rolling one-month volatility.