BEEZ vs. SPXM
BEEZ (Honeytree U.S. Equity ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. BEEZ charges 0.64%/yr vs 0.47%/yr for SPXM.
Performance
BEEZ vs. SPXM - Performance Comparison
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Returns By Period
BEEZ
- 1D
- -0.13%
- 1M
- 0.55%
- YTD
- 0.73%
- 6M
- 0.21%
- 1Y
- 2.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPXM
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -0.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BEEZ vs. SPXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BEEZ Honeytree U.S. Equity ETF | 0.73% | 0.22% |
SPXM Azoria 500 Meritocracy ETF | 0.00% | 9.16% |
Correlation
The correlation between BEEZ and SPXM is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.43 |
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Return for Risk
BEEZ vs. SPXM — Risk / Return Rank
BEEZ
SPXM
BEEZ vs. SPXM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Honeytree U.S. Equity ETF (BEEZ) 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.
| BEEZ | SPXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.04 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | — | — |
| Martin ratioReturn relative to average drawdown | 0.81 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BEEZ | SPXM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 1.56 | -0.75 |
Drawdowns
BEEZ vs. SPXM - Drawdown Comparison
The maximum BEEZ drawdown since its inception was -18.62%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for BEEZ and SPXM.
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Drawdown Indicators
| BEEZ | SPXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.62% | -5.08% | -13.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.41% | — | — |
Current DrawdownCurrent decline from peak | -3.77% | -0.75% | -3.02% |
Average DrawdownAverage peak-to-trough decline | -2.80% | -0.79% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | — | — |
Volatility
BEEZ vs. SPXM - Volatility Comparison
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Volatility by Period
| BEEZ | SPXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.93% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 8.18% | +4.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.06% | 8.18% | +6.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.06% | 8.18% | +6.88% |
BEEZ vs. SPXM - Expense Ratio Comparison
BEEZ has a 0.64% expense ratio, which is higher than SPXM's 0.47% expense ratio.
Dividends
BEEZ vs. SPXM - Dividend Comparison
BEEZ's dividend yield for the trailing twelve months is around 0.55%, more than SPXM's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BEEZ Honeytree U.S. Equity ETF | 0.55% | 0.56% | 0.61% | 0.19% |
SPXM Azoria 500 Meritocracy ETF | 0.24% | 0.24% | 0.00% | 0.00% |
Frequently Asked Questions
BEEZ and SPXM have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SPXM is cheaper with a 0.47% expense ratio, compared with 0.64% for BEEZ.
BEEZ has the higher dividend yield at 0.55%, compared with 0.24% for SPXM.
They also come from different issuers: Honeytree and Azoria. Their fees differ too: 0.64% for BEEZ and 0.47% for SPXM.
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