APUE vs. SPXM
APUE (ActivePassive U.S. Equity ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. APUE charges 0.33%/yr vs 0.47%/yr for SPXM.
Performance
APUE vs. SPXM - Performance Comparison
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Returns By Period
APUE
- 1D
- -1.31%
- 1M
- -0.79%
- YTD
- 8.71%
- 6M
- 7.66%
- 1Y
- 24.90%
- 3Y*
- 20.51%
- 5Y*
- —
- 10Y*
- —
SPXM
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APUE vs. SPXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
APUE ActivePassive U.S. Equity ETF | 8.71% | 11.15% |
SPXM Azoria 500 Meritocracy ETF | 0.00% | 9.27% |
Correlation
The correlation between APUE and SPXM is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025 | 0.54 |
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Return for Risk
APUE vs. SPXM — Risk / Return Rank
APUE
SPXM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
APUE vs. SPXM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ActivePassive U.S. Equity ETF (APUE) 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.
| APUE | SPXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | — | — |
| Martin ratioReturn relative to average drawdown | 12.63 | — | — |
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Drawdowns
APUE vs. SPXM - Drawdown Comparison
The maximum APUE drawdown since its inception was -18.83%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for APUE and SPXM.
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Drawdown Indicators
| APUE | SPXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.83% | -5.08% | -13.75% |
Max Drawdown (1Y)Largest decline over 1 year | -8.98% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.83% | — | — |
Current DrawdownCurrent decline from peak | -2.62% | -0.75% | -1.87% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -0.78% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | — | — |
Volatility
APUE vs. SPXM - Volatility Comparison
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Volatility by Period
| APUE | SPXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 7.89% | +4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.75% | 7.89% | +6.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 7.89% | +6.86% |
APUE vs. SPXM - Expense Ratio Comparison
APUE has a 0.33% expense ratio, which is lower than SPXM's 0.47% expense ratio.
Dividends
APUE vs. SPXM - Dividend Comparison
APUE's dividend yield for the trailing twelve months is around 0.77%, more than SPXM's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
APUE ActivePassive U.S. Equity ETF | 0.77% | 0.83% | 0.79% | 0.41% |
SPXM Azoria 500 Meritocracy ETF | 0.24% | 0.24% | 0.00% | 0.00% |
Frequently Asked Questions
APUE and SPXM have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, APUE is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
APUE is cheaper with a 0.33% expense ratio, compared with 0.47% for SPXM.
APUE has the higher dividend yield at 0.77%, compared with 0.24% for SPXM.
They also come from different issuers: ActivePassive and Azoria. Their fees differ too: 0.33% for APUE and 0.47% for SPXM.
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