FCTE vs. SPXM
FCTE (SMI 3Fourteen Full-Cycle Trend ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, FCTE returned 11.33% vs 8.67% for SPXM. At a 0.26 correlation, their price movements are largely independent. FCTE charges 0.85%/yr vs 0.47%/yr for SPXM.
Performance
FCTE vs. SPXM - Performance Comparison
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Returns By Period
FCTE
- 1D
- 0.39%
- 1M
- 5.07%
- 6M
- 12.63%
- YTD
- 17.12%
- 1Y
- 11.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPXM
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 8.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCTE vs. SPXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FCTE SMI 3Fourteen Full-Cycle Trend ETF | 17.12% | -6.41% |
SPXM Azoria 500 Meritocracy ETF | 0.00% | 9.27% |
Correlation
The correlation between FCTE and SPXM is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025 | 0.26 |
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Return for Risk
FCTE vs. SPXM — Risk / Return Rank
FCTE
SPXM
FCTE vs. SPXM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SMI 3Fourteen Full-Cycle Trend ETF (FCTE) 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.
| FCTE | SPXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.36 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 2.01 | -1.22 |
| Martin ratioReturn relative to average drawdown | 2.20 | 9.42 | -7.22 |
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Drawdowns
FCTE vs. SPXM - Drawdown Comparison
The maximum FCTE drawdown since its inception was -19.68%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for FCTE and SPXM.
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Drawdown Indicators
| FCTE | SPXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.68% | -5.08% | -14.60% |
Max Drawdown (1Y)Largest decline over 1 year | -12.85% | -5.08% | -7.77% |
Current DrawdownCurrent decline from peak | -0.15% | -0.75% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -0.78% | -4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | — | — |
Volatility
FCTE vs. SPXM - Volatility Comparison
SMI 3Fourteen Full-Cycle Trend ETF (FCTE) has a higher volatility of 4.55% compared to Azoria 500 Meritocracy ETF (SPXM) at 0.00%. This indicates that FCTE's price experiences larger fluctuations and is considered to be riskier than SPXM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCTE | SPXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 0.00% | +4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 12.58% | 4.13% | +8.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 7.68% | +7.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.54% | 7.66% | +10.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.54% | 7.66% | +10.88% |
FCTE vs. SPXM - Expense Ratio Comparison
FCTE has a 0.85% expense ratio, which is higher than SPXM's 0.47% expense ratio.
Dividends
FCTE vs. SPXM - Dividend Comparison
FCTE's dividend yield for the trailing twelve months is around 0.08%, less than SPXM's 0.24% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FCTE SMI 3Fourteen Full-Cycle Trend ETF | 0.08% | 0.18% | 0.18% |
SPXM Azoria 500 Meritocracy ETF | 0.24% | 0.24% | 0.00% |
Frequently Asked Questions
FCTE and SPXM have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCTE has higher volatility (4.55%) compared to SPXM (0.00%). In terms of maximum drawdown, FCTE dropped -19.68% vs SPXM's -5.08%.
On 1-year performance, FCTE leads with 11.33% vs 8.67% for SPXM. On fees, SPXM is cheaper at 0.47% per year. On volatility, SPXM has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FCTE has performed better with a 11.33% return vs 8.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPXM is cheaper with a 0.47% expense ratio, compared with 0.85% for FCTE.
SPXM has the higher dividend yield at 0.24%, compared with 0.08% for FCTE.
They also come from different issuers: SMI 3Fourteen and Azoria. Their fees differ too: 0.85% for FCTE and 0.47% for SPXM.
SPXM currently has the higher Sharpe Ratio (1.33 vs 0.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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