LQAI vs. SPXM

Last updated Jun 4, 2026

LQAI (LG QRAFT AI-Powered U.S. Large Cap Core ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. LQAI charges 0.75%/yr vs 0.47%/yr for SPXM.

Performance

LQAI vs. SPXM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LG QRAFT AI-Powered U.S. Large Cap Core ETF (LQAI) and Azoria 500 Meritocracy ETF (SPXM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LQAI

• 1D: -0.09%
• 1M: 10.98%
• YTD: 22.12%
• 6M: 21.53%
• 1Y: 42.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPXM

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: -0.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LQAI vs. SPXM - Yearly Performance Comparison

	2026 (YTD)	2025
LQAI LG QRAFT AI-Powered U.S. Large Cap Core ETF	22.12%	11.02%
SPXM Azoria 500 Meritocracy ETF	0.00%	9.16%

Correlation

The correlation between LQAI and SPXM is 0.51, 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	0.51

Return for Risk

LQAI vs. SPXM — Risk / Return Rank

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

LQAI

LQAI Risk / Return Rank: 78
LQAI Sharpe Ratio Rank: 83
LQAI Sortino Ratio Rank: 78
LQAI Omega Ratio Rank: 81
LQAI Calmar Ratio Rank: 81
LQAI Martin Ratio Rank: 66

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.

LQAI vs. SPXM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LG QRAFT AI-Powered U.S. Large Cap Core ETF (LQAI) 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.

	LQAI	SPXM	Difference
Sharpe ratio Return per unit of total volatility	2.74	—	—
Sortino ratio Return per unit of downside risk	3.49	—	—
Omega ratio Gain probability vs. loss probability	1.49	—	—
Calmar ratio Return relative to maximum drawdown	4.23	—	—
Martin ratio Return relative to average drawdown	12.18	—	—
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

	LQAI	SPXM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.74	1.56	+0.18

Drawdowns

LQAI vs. SPXM - Drawdown Comparison

The maximum LQAI drawdown since its inception was -21.24%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for LQAI and SPXM.

Drawdown Indicators

	LQAI	SPXM	Difference
Max Drawdown Largest peak-to-trough decline	-21.24%	-5.08%	-16.16%
Max Drawdown (1Y) Largest decline over 1 year	-10.00%	—	—
Current Drawdown Current decline from peak	-0.22%	-0.75%	+0.53%
Average Drawdown Average peak-to-trough decline	-3.06%	-0.79%	-2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	—	—

Volatility

Volatility by Period

	LQAI	SPXM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.93%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.43%	8.18%	+7.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	8.18%	+8.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	8.18%	+8.80%

LQAI vs. SPXM - Expense Ratio Comparison

LQAI has a 0.75% expense ratio, which is higher than SPXM's 0.47% expense ratio.

Dividends

LQAI vs. SPXM - Dividend Comparison

LQAI's dividend yield for the trailing twelve months is around 0.89%, more than SPXM's 0.24% yield.

Position	TTM	2025	2024	2023
LQAI LG QRAFT AI-Powered U.S. Large Cap Core ETF	0.89%	1.14%	0.69%	0.16%
SPXM Azoria 500 Meritocracy ETF	0.24%	0.24%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LQAI and SPXM in my portfolio?

LQAI and SPXM have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LQAI or SPXM?

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.

Which ETF is cheaper, LQAI or SPXM?

SPXM is cheaper with a 0.47% expense ratio, compared with 0.75% for LQAI.

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

LQAI has the higher dividend yield at 0.89%, compared with 0.24% for SPXM.

What is the main difference between LQAI and SPXM?

They also come from different issuers: QRAFT and Azoria. Their fees differ too: 0.75% for LQAI and 0.47% for SPXM.