DFVE vs. SPXM
DFVE (Doubleline Fortune 500 Equal Weight ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. DFVE is passively managed, while SPXM is actively managed. At a 0.44 correlation, their price movements are largely independent. DFVE charges 0.20%/yr vs 0.47%/yr for SPXM.
Performance
DFVE vs. SPXM - Performance Comparison
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Returns By Period
DFVE
- 1D
- -0.48%
- 1M
- 2.49%
- YTD
- 10.31%
- 6M
- 10.69%
- 1Y
- 23.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPXM
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -0.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFVE vs. SPXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFVE Doubleline Fortune 500 Equal Weight ETF | 10.31% | 6.39% |
SPXM Azoria 500 Meritocracy ETF | 0.00% | 9.16% |
Correlation
The correlation between DFVE and SPXM is 0.44, 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 | 0.44 |
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Return for Risk
DFVE vs. SPXM — Risk / Return Rank
DFVE
SPXM
DFVE vs. SPXM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Doubleline Fortune 500 Equal Weight ETF (DFVE) 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.
| DFVE | SPXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | — | — |
| Martin ratioReturn relative to average drawdown | 10.92 | — | — |
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
| DFVE | SPXM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 1.56 | -0.48 |
Drawdowns
DFVE vs. SPXM - Drawdown Comparison
The maximum DFVE drawdown since its inception was -19.43%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for DFVE and SPXM.
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Drawdown Indicators
| DFVE | SPXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.43% | -5.08% | -14.35% |
Max Drawdown (1Y)Largest decline over 1 year | -7.79% | — | — |
Current DrawdownCurrent decline from peak | -0.48% | -0.75% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -2.77% | -0.79% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | — | — |
Volatility
DFVE vs. SPXM - Volatility Comparison
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Volatility by Period
| DFVE | SPXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 8.18% | +4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.56% | 8.18% | +7.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 8.18% | +7.38% |
DFVE vs. SPXM - Expense Ratio Comparison
DFVE has a 0.20% expense ratio, which is lower than SPXM's 0.47% expense ratio.
Dividends
DFVE vs. SPXM - Dividend Comparison
DFVE's dividend yield for the trailing twelve months is around 1.37%, more than SPXM's 0.24% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DFVE Doubleline Fortune 500 Equal Weight ETF | 1.37% | 1.52% | 1.53% |
SPXM Azoria 500 Meritocracy ETF | 0.24% | 0.24% | 0.00% |
Frequently Asked Questions
DFVE and SPXM have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DFVE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DFVE is cheaper with a 0.20% expense ratio, compared with 0.47% for SPXM.
DFVE has the higher dividend yield at 1.37%, compared with 0.24% for SPXM.
They also come from different issuers: DoubleLine and Azoria. Their fees differ too: 0.20% for DFVE and 0.47% for SPXM.
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