IYY vs. SPXM
IYY (iShares Dow Jones U.S. ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. IYY is passively managed, while SPXM is actively managed. Over the past year, IYY returned 21.06% vs 8.67% for SPXM. A 0.52 correlation means they provide meaningful diversification when combined. IYY charges 0.20%/yr vs 0.47%/yr for SPXM.
Performance
IYY vs. SPXM - Performance Comparison
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Returns By Period
IYY
- 1D
- -0.74%
- 1M
- 1.26%
- 6M
- 8.32%
- YTD
- 10.56%
- 1Y
- 21.06%
- 3Y*
- 19.79%
- 5Y*
- 12.12%
- 10Y*
- 14.63%
SPXM
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 8.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYY vs. SPXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYY iShares Dow Jones U.S. ETF | 10.56% | 9.91% |
SPXM Azoria 500 Meritocracy ETF | 0.00% | 9.27% |
Correlation
The correlation between IYY and SPXM is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025 | 0.52 |
The correlation between IYY and SPXM has been stable across timeframes, ranging from 0.52 to 0.52 - a consistent structural relationship.
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Return for Risk
IYY vs. SPXM — Risk / Return Rank
IYY
SPXM
IYY vs. SPXM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Dow Jones U.S. ETF (IYY) 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.
| IYY | SPXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.38 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.10 | +0.27 |
| Martin ratioReturn relative to average drawdown | 10.27 | 9.84 | +0.43 |
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Drawdowns
IYY vs. SPXM - Drawdown Comparison
The maximum IYY drawdown since its inception was -55.17%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for IYY and SPXM.
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Drawdown Indicators
| IYY | SPXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.17% | -5.08% | -50.09% |
Max Drawdown (1Y)Largest decline over 1 year | -8.94% | -5.08% | -3.86% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.46% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.90% | — | — |
Current DrawdownCurrent decline from peak | -1.05% | -0.75% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -0.78% | -10.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | — | — |
Volatility
IYY vs. SPXM - Volatility Comparison
iShares Dow Jones U.S. ETF (IYY) has a higher volatility of 4.09% compared to Azoria 500 Meritocracy ETF (SPXM) at 0.00%. This indicates that IYY'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
| IYY | SPXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 0.00% | +4.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 3.99% | +6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.72% | 7.68% | +5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 7.64% | +9.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.15% | 7.64% | +10.51% |
IYY vs. SPXM - Expense Ratio Comparison
IYY has a 0.20% expense ratio, which is lower than SPXM's 0.47% expense ratio.
Dividends
IYY vs. SPXM - Dividend Comparison
IYY's dividend yield for the trailing twelve months is around 0.87%, more than SPXM's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYY iShares Dow Jones U.S. ETF | 0.87% | 0.95% | 1.05% | 1.29% | 1.48% | 1.04% | 1.31% | 1.80% | 1.97% | 1.62% | 1.81% | 1.97% |
SPXM Azoria 500 Meritocracy ETF | 0.24% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IYY and SPXM have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYY has higher volatility (4.09%) compared to SPXM (0.00%). In terms of maximum drawdown, IYY dropped -55.17% vs SPXM's -5.08%.
On 1-year performance, IYY leads with 21.06% vs 8.67% for SPXM. On fees, IYY is cheaper at 0.20% 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, IYY has performed better with a 21.06% return vs 8.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYY is cheaper with a 0.20% expense ratio, compared with 0.47% for SPXM.
IYY has the higher dividend yield at 0.87%, compared with 0.24% for SPXM.
They also come from different issuers: iShares and Azoria. Their fees differ too: 0.20% for IYY and 0.47% for SPXM.
IYY currently has the higher Sharpe Ratio (1.67 vs 1.39), 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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