LGH vs. SPXM
LGH (HCM Defender 500 Index ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. LGH is passively managed, while SPXM is actively managed. A 0.59 correlation means they provide meaningful diversification when combined. LGH charges 1.23%/yr vs 0.47%/yr for SPXM.
Performance
LGH vs. SPXM - Performance Comparison
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Returns By Period
LGH
- 1D
- -0.92%
- 1M
- 7.14%
- YTD
- 4.82%
- 6M
- 4.52%
- 1Y
- 26.30%
- 3Y*
- 20.78%
- 5Y*
- 11.27%
- 10Y*
- —
SPXM
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -0.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LGH vs. SPXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LGH HCM Defender 500 Index ETF | 4.82% | 13.85% |
SPXM Azoria 500 Meritocracy ETF | 0.00% | 9.16% |
Correlation
The correlation between LGH and SPXM is 0.59, 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 9, 2025 | 0.59 |
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Return for Risk
LGH vs. SPXM — Risk / Return Rank
LGH
SPXM
LGH vs. SPXM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HCM Defender 500 Index ETF (LGH) 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.
| LGH | SPXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | — | — |
| Martin ratioReturn relative to average drawdown | 7.55 | — | — |
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
| LGH | SPXM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 1.56 | -0.76 |
Drawdowns
LGH vs. SPXM - Drawdown Comparison
The maximum LGH drawdown since its inception was -29.60%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for LGH and SPXM.
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Drawdown Indicators
| LGH | SPXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.60% | -5.08% | -24.52% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.38% | — | — |
Current DrawdownCurrent decline from peak | -0.92% | -0.75% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -0.79% | -8.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | — | — |
Volatility
LGH vs. SPXM - Volatility Comparison
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Volatility by Period
| LGH | SPXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.86% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.41% | 8.18% | +7.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.52% | 8.18% | +8.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.78% | 8.18% | +11.60% |
LGH vs. SPXM - Expense Ratio Comparison
LGH has a 1.23% expense ratio, which is higher than SPXM's 0.47% expense ratio.
Dividends
LGH vs. SPXM - Dividend Comparison
LGH's dividend yield for the trailing twelve months is around 0.37%, more than SPXM's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
LGH HCM Defender 500 Index ETF | 0.37% | 0.38% | 0.40% | 0.63% | 0.61% | 0.14% | 0.23% | 0.01% |
SPXM Azoria 500 Meritocracy ETF | 0.24% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LGH and SPXM have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPXM is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXM is cheaper with a 0.47% expense ratio, compared with 1.23% for LGH.
LGH has the higher dividend yield at 0.37%, compared with 0.24% for SPXM.
They also come from different issuers: Howard Capital Management and Azoria. Their fees differ too: 1.23% for LGH and 0.47% for SPXM.
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