FEUS vs. SPXM

Last updated Jun 25, 2026

FEUS (FlexShares ESG & Climate US Large Cap Core Index Fund) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. FEUS is passively managed, while SPXM is actively managed. A 0.53 correlation means they provide meaningful diversification when combined. FEUS charges 0.09%/yr vs 0.47%/yr for SPXM.

Performance

FEUS vs. SPXM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS) and Azoria 500 Meritocracy ETF (SPXM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FEUS

• 1D: -0.33%
• 1M: -1.92%
• YTD: 7.03%
• 6M: 5.91%
• 1Y: 20.61%
• 3Y*: 18.48%
• 5Y*: —
• 10Y*: —

SPXM

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FEUS vs. SPXM - Yearly Performance Comparison

	2026 (YTD)	2025
FEUS FlexShares ESG & Climate US Large Cap Core Index Fund	7.03%	10.25%
SPXM Azoria 500 Meritocracy ETF	0.00%	9.27%

Correlation

The correlation between FEUS and SPXM is 0.53, 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	0.53

Return for Risk

FEUS vs. SPXM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FEUS

FEUS Risk / Return Rank: 54
FEUS Sharpe Ratio Rank: 56
FEUS Sortino Ratio Rank: 54
FEUS Omega Ratio Rank: 53
FEUS Calmar Ratio Rank: 50
FEUS Martin Ratio Rank: 57

SPXM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FEUS vs. SPXM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS) 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.

	FEUS	SPXM	Difference
Sharpe ratio: Return per unit of total volatility	1.66	—	—
Sortino ratio: Return per unit of downside risk	2.28	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.17	—	—
Martin ratio: Return relative to average drawdown	8.90	—	—

Drawdowns

FEUS vs. SPXM - Drawdown Comparison

The maximum FEUS drawdown since its inception was -25.31%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for FEUS and SPXM.

Drawdown Indicators

	FEUS	SPXM	Difference
Max Drawdown Largest peak-to-trough decline	-25.31%	-5.08%	-20.23%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.47%	—	—
Current Drawdown Current decline from peak	-3.69%	-0.75%	-2.94%
Average Drawdown Average peak-to-trough decline	-6.31%	-0.78%	-5.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	—	—

Volatility

Volatility by Period

	FEUS	SPXM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.52%	7.87%	+4.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.02%	7.87%	+9.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.02%	7.87%	+9.15%

FEUS vs. SPXM - Expense Ratio Comparison

FEUS has a 0.09% expense ratio, which is lower than SPXM's 0.47% expense ratio.

Dividends

FEUS vs. SPXM - Dividend Comparison

FEUS's dividend yield for the trailing twelve months is around 1.02%, more than SPXM's 0.24% yield.

Position	TTM	2025	2024	2023	2022	2021
FEUS FlexShares ESG & Climate US Large Cap Core Index Fund	1.02%	1.06%	1.15%	1.41%	1.48%	0.36%
SPXM Azoria 500 Meritocracy ETF	0.24%	0.24%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEUS and SPXM in my portfolio?

FEUS and SPXM have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEUS or SPXM?

On fees, FEUS is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEUS or SPXM?

FEUS is cheaper with a 0.09% expense ratio, compared with 0.47% for SPXM.

Which ETF pays a higher dividend yield, FEUS or SPXM?

FEUS has the higher dividend yield at 1.02%, compared with 0.24% for SPXM.

What is the main difference between FEUS and SPXM?

They also come from different issuers: FlexShares and Azoria. Their fees differ too: 0.09% for FEUS and 0.47% for SPXM.