BWTG vs. SPXM
BWTG (Brendan Wood TopGun ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. BWTG charges 0.95%/yr vs 0.47%/yr for SPXM.
Performance
BWTG vs. SPXM - Performance Comparison
Loading charts...
Returns By Period
BWTG
- 1D
- -0.14%
- 1M
- 4.13%
- YTD
- 5.71%
- 6M
- 5.47%
- 1Y
- 16.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPXM
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -0.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BWTG vs. SPXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BWTG Brendan Wood TopGun ETF | 5.71% | 9.79% |
SPXM Azoria 500 Meritocracy ETF | 0.00% | 9.16% |
Correlation
The correlation between BWTG and SPXM is 0.49, 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 | 0.49 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BWTG vs. SPXM — Risk / Return Rank
BWTG
SPXM
BWTG vs. SPXM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brendan Wood TopGun ETF (BWTG) 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.
| BWTG | SPXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | — | — |
| Martin ratioReturn relative to average drawdown | 7.45 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BWTG | SPXM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.61 | 1.56 | +0.04 |
Drawdowns
BWTG vs. SPXM - Drawdown Comparison
The maximum BWTG drawdown since its inception was -13.18%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for BWTG and SPXM.
Loading charts...
Drawdown Indicators
| BWTG | SPXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.18% | -5.08% | -8.10% |
Max Drawdown (1Y)Largest decline over 1 year | -9.93% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.75% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -0.79% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | — | — |
Volatility
BWTG vs. SPXM - Volatility Comparison
Loading charts...
Volatility by Period
| BWTG | SPXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 8.18% | +3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.97% | 8.18% | +5.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.97% | 8.18% | +5.79% |
BWTG vs. SPXM - Expense Ratio Comparison
BWTG has a 0.95% expense ratio, which is higher than SPXM's 0.47% expense ratio.
Dividends
BWTG vs. SPXM - Dividend Comparison
BWTG's dividend yield for the trailing twelve months is around 0.33%, more than SPXM's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BWTG Brendan Wood TopGun ETF | 0.33% | 0.35% | 0.25% | 0.19% |
SPXM Azoria 500 Meritocracy ETF | 0.24% | 0.24% | 0.00% | 0.00% |
Frequently Asked Questions
BWTG and SPXM have a correlation of 0.49, 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 0.95% for BWTG.
BWTG has the higher dividend yield at 0.33%, compared with 0.24% for SPXM.
They also come from different issuers: Brendan Wood and Azoria. Their fees differ too: 0.95% for BWTG and 0.47% for SPXM.
Find the right allocation for BWTG and SPXM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer