FTIF vs. SPXM

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) and Azoria 500 Meritocracy ETF (SPXM).

FTIF and SPXM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTIF is a passively managed fund by First Trust that tracks the performance of the Bloomberg Inflation Sensitive Equity Index - Benchmark TR Gross. It was launched on Mar 13, 2023. SPXM is an actively managed fund by Azoria. It was launched on Jul 7, 2025.

Performance

FTIF vs. SPXM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) and Azoria 500 Meritocracy ETF (SPXM). The values are adjusted to include any dividend payments, if applicable.

FTIF vs. SPXM - Yearly Performance Comparison

	2026 (YTD)	2025
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF	19.63%	3.61%
SPXM Azoria 500 Meritocracy ETF	0.00%	9.16%

Returns By Period

FTIF

• 1D: 0.42%
• 1M: 1.49%
• YTD: 19.63%
• 6M: 23.49%
• 1Y: 32.50%
• 3Y*: 12.74%
• 5Y*: —
• 10Y*: —

SPXM

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 2.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTIF vs. SPXM - Expense Ratio Comparison

FTIF has a 0.60% expense ratio, which is higher than SPXM's 0.47% expense ratio.

FTIF

First Trust Bloomberg Inflation Sensitive Equity ETF

SPXM

Azoria 500 Meritocracy ETF

Return for Risk

FTIF vs. SPXM — Risk / Return Rank

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

FTIF

FTIF Risk / Return Rank: 78
FTIF Sharpe Ratio Rank: 76
FTIF Sortino Ratio Rank: 77
FTIF Omega Ratio Rank: 79
FTIF Calmar Ratio Rank: 73
FTIF Martin Ratio Rank: 82

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.

FTIF vs. SPXM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) 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.

	FTIF	SPXM	Difference
Sharpe ratio Return per unit of total volatility	1.42	—	—
Sortino ratio Return per unit of downside risk	2.00	—	—
Omega ratio Gain probability vs. loss probability	1.31	—	—
Calmar ratio Return relative to maximum drawdown	1.93	—	—
Martin ratio Return relative to average drawdown	9.48	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FTIF	SPXM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	1.83	-1.14

Correlation

The correlation between FTIF and SPXM is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FTIF vs. SPXM - Dividend Comparison

FTIF's dividend yield for the trailing twelve months is around 1.17%, more than SPXM's 0.24% yield.

	TTM	2025	2024	2023
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF	1.17%	1.45%	2.88%	1.55%
SPXM Azoria 500 Meritocracy ETF	0.24%	0.24%	0.00%	0.00%

Drawdowns

FTIF vs. SPXM - Drawdown Comparison

The maximum FTIF drawdown since its inception was -27.83%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for FTIF and SPXM.

Drawdown Indicators

	FTIF	SPXM	Difference
Max Drawdown Largest peak-to-trough decline	-27.83%	-5.08%	-22.75%
Max Drawdown (1Y) Largest decline over 1 year	-17.27%	—	—
Current Drawdown Current decline from peak	-0.57%	-0.75%	+0.18%
Average Drawdown Average peak-to-trough decline	-6.28%	-0.80%	-5.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	—	—

Volatility

Volatility by Period

	FTIF	SPXM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.96%	9.38%	+13.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.28%	9.38%	+9.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.28%	9.38%	+9.90%