ABFL vs. SPXM

Last updated Apr 1, 2026

Compare and contrast key facts about Abacus FCF Leaders ETF (ABFL) and Azoria 500 Meritocracy ETF (SPXM).

ABFL and SPXM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ABFL is an actively managed fund by Abacus. It was launched on Sep 27, 2016. SPXM is an actively managed fund by Azoria. It was launched on Jul 7, 2025.

Performance

ABFL vs. SPXM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Abacus FCF Leaders ETF (ABFL) and Azoria 500 Meritocracy ETF (SPXM). The values are adjusted to include any dividend payments, if applicable.

ABFL vs. SPXM - Yearly Performance Comparison

	2026 (YTD)	2025
ABFL Abacus FCF Leaders ETF	-0.10%	1.16%
SPXM Azoria 500 Meritocracy ETF	0.00%	9.16%

Returns By Period

ABFL

• 1D: 3.03%
• 1M: -3.07%
• YTD: -0.10%
• 6M: -0.80%
• 1Y: 12.02%
• 3Y*: 14.18%
• 5Y*: 10.27%
• 10Y*: —

SPXM

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 2.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ABFL vs. SPXM - Expense Ratio Comparison

ABFL has a 0.49% expense ratio, which is higher than SPXM's 0.47% expense ratio.

ABFL

Abacus FCF Leaders ETF

SPXM

Azoria 500 Meritocracy ETF

Return for Risk

ABFL vs. SPXM — Risk / Return Rank

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

ABFL

ABFL Risk / Return Rank: 35
ABFL Sharpe Ratio Rank: 31
ABFL Sortino Ratio Rank: 31
ABFL Omega Ratio Rank: 30
ABFL Calmar Ratio Rank: 38
ABFL Martin Ratio Rank: 45

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.

ABFL vs. SPXM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Abacus FCF Leaders ETF (ABFL) 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.

	ABFL	SPXM	Difference
Sharpe ratio Return per unit of total volatility	0.61	—	—
Sortino ratio Return per unit of downside risk	0.98	—	—
Omega ratio Gain probability vs. loss probability	1.13	—	—
Calmar ratio Return relative to maximum drawdown	1.01	—	—
Martin ratio Return relative to average drawdown	4.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ABFL	SPXM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	1.83	-1.14

Correlation

The correlation between ABFL and SPXM is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ABFL vs. SPXM - Dividend Comparison

ABFL's dividend yield for the trailing twelve months is around 0.63%, more than SPXM's 0.24% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ABFL Abacus FCF Leaders ETF	0.63%	0.62%	0.70%	0.94%	1.36%	9.63%	0.41%	0.72%	0.62%	0.40%
SPXM Azoria 500 Meritocracy ETF	0.24%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ABFL vs. SPXM - Drawdown Comparison

The maximum ABFL drawdown since its inception was -34.95%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for ABFL and SPXM.

Drawdown Indicators

	ABFL	SPXM	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-5.08%	-29.87%
Max Drawdown (1Y) Largest decline over 1 year	-12.12%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.88%	—	—
Current Drawdown Current decline from peak	-4.31%	-0.75%	-3.56%
Average Drawdown Average peak-to-trough decline	-5.07%	-0.80%	-4.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	—	—

Volatility

Volatility by Period

	ABFL	SPXM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.40%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.81%	9.38%	+10.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.00%	9.38%	+7.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.77%	9.38%	+9.39%