AIUP vs. SPXM

Last updated Jul 8, 2026

AIUP (FINQ FIRST U.S. Large Cap AI-Managed Equity ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. Both are actively managed. AIUP charges 0.70%/yr vs 0.47%/yr for SPXM.

Performance

AIUP vs. SPXM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FINQ FIRST U.S. Large Cap AI-Managed Equity ETF (AIUP) and Azoria 500 Meritocracy ETF (SPXM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AIUP

• 1D: 0.53%
• 1M: 2.91%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPXM

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 0.00%
• 1Y: 9.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AIUP vs. SPXM - Yearly Performance Comparison

	2026 (YTD)
AIUP FINQ FIRST U.S. Large Cap AI-Managed Equity ETF	13.23%
SPXM Azoria 500 Meritocracy ETF	0.00%

Return for Risk

AIUP vs. SPXM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FINQ FIRST U.S. Large Cap AI-Managed Equity ETF (AIUP) 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.

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

Drawdowns

AIUP vs. SPXM - Drawdown Comparison

The maximum AIUP drawdown since its inception was -11.32%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for AIUP and SPXM.

Drawdown Indicators

	AIUP	SPXM	Difference
Max Drawdown Largest peak-to-trough decline	-11.32%	-5.08%	-6.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.08%	—
Current Drawdown Current decline from peak	-1.88%	-0.75%	-1.13%
Average Drawdown Average peak-to-trough decline	-3.03%	-0.78%	-2.25%

Volatility

Volatility by Period

	AIUP	SPXM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	23.83%	7.72%	+16.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.83%	7.72%	+16.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.83%	7.72%	+16.11%

AIUP vs. SPXM - Expense Ratio Comparison

AIUP has a 0.70% expense ratio, which is higher than SPXM's 0.47% expense ratio.

Dividends

AIUP vs. SPXM - Dividend Comparison

AIUP has not paid dividends to shareholders, while SPXM's dividend yield for the trailing twelve months is around 0.24%.

Position	TTM	2025
AIUP FINQ FIRST U.S. Large Cap AI-Managed Equity ETF	0.00%	0.00%
SPXM Azoria 500 Meritocracy ETF	0.24%	0.24%

Frequently Asked Questions

Which ETF is better, AIUP or SPXM?

On fees, SPXM is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIUP or SPXM?

SPXM is cheaper with a 0.47% expense ratio, compared with 0.70% for AIUP.

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

SPXM has the higher dividend yield at 0.24%, compared with 0.00% for AIUP.

What is the main difference between AIUP and SPXM?

They also come from different issuers: FINQ and Azoria. Their fees differ too: 0.70% for AIUP and 0.47% for SPXM.