AAEQ vs. SPXM

Last updated Jul 17, 2026

AAEQ (Alpha Architect US Equity 2 ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. Both are actively managed. AAEQ charges 0.15%/yr vs 0.47%/yr for SPXM.

Performance

AAEQ vs. SPXM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alpha Architect US Equity 2 ETF (AAEQ) and Azoria 500 Meritocracy ETF (SPXM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AAEQ

• 1D: -0.60%
• 1M: 0.30%
• 6M: 7.61%
• YTD: 8.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPXM

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 0.00%
• 1Y: 8.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAEQ vs. SPXM - Yearly Performance Comparison

	2026 (YTD)	2025
AAEQ Alpha Architect US Equity 2 ETF	8.51%	-1.11%
SPXM Azoria 500 Meritocracy ETF	0.00%	0.00%

Return for Risk

AAEQ vs. SPXM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAEQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SPXM

SPXM Risk / Return Rank: 60
SPXM Sharpe Ratio Rank: 50
SPXM Sortino Ratio Rank: 48
SPXM Omega Ratio Rank: 82
SPXM Calmar Ratio Rank: 52
SPXM Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAEQ vs. SPXM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpha Architect US Equity 2 ETF (AAEQ) and Azoria 500 Meritocracy ETF (SPXM). 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.

	AAEQ	SPXM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.40	—
Sortino ratio: Return per unit of downside risk	—	1.98	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	2.11	—
Martin ratio: Return relative to average drawdown	—	9.87	—

Drawdowns

AAEQ vs. SPXM - Drawdown Comparison

The maximum AAEQ drawdown since its inception was -10.26%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for AAEQ and SPXM.

Drawdown Indicators

	AAEQ	SPXM	Difference
Max Drawdown Largest peak-to-trough decline	-10.26%	-5.08%	-5.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.08%	—
Current Drawdown Current decline from peak	-1.12%	-0.75%	-0.37%
Average Drawdown Average peak-to-trough decline	-2.37%	-0.78%	-1.59%

Volatility

Volatility by Period

	AAEQ	SPXM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.85%	7.65%	+6.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.85%	7.59%	+6.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.85%	7.59%	+6.26%

AAEQ vs. SPXM - Expense Ratio Comparison

AAEQ has a 0.15% expense ratio, which is lower than SPXM's 0.47% expense ratio.

Dividends

AAEQ vs. SPXM - Dividend Comparison

AAEQ's dividend yield for the trailing twelve months is around 0.09%, less than SPXM's 0.24% yield.

Position	TTM	2025
AAEQ Alpha Architect US Equity 2 ETF	0.09%	0.10%
SPXM Azoria 500 Meritocracy ETF	0.24%	0.24%

Frequently Asked Questions

Which ETF is better, AAEQ or SPXM?

On fees, AAEQ is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAEQ or SPXM?

AAEQ is cheaper with a 0.15% expense ratio, compared with 0.47% for SPXM.

Which ETF pays a higher dividend yield, AAEQ or SPXM?

SPXM has the higher dividend yield at 0.24%, compared with 0.09% for AAEQ.

What is the main difference between AAEQ and SPXM?

They also come from different issuers: Alpha Architect and Azoria. Their fees differ too: 0.15% for AAEQ and 0.47% for SPXM.