QQLV vs. SPXM
QQLV (Invesco QQQ Low Volatility ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. QQLV is passively managed, while SPXM is actively managed. Over the past year, QQLV returned 1.72% vs 8.67% for SPXM. At a 0.20 correlation, their price movements are largely independent. QQLV charges 0.25%/yr vs 0.47%/yr for SPXM.
Performance
QQLV vs. SPXM - Performance Comparison
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Returns By Period
QQLV
- 1D
- 0.66%
- 1M
- 0.46%
- 6M
- 3.63%
- YTD
- 4.74%
- 1Y
- 1.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPXM
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 8.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQLV vs. SPXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQLV Invesco QQQ Low Volatility ETF | 4.74% | -3.55% |
SPXM Azoria 500 Meritocracy ETF | 0.00% | 9.27% |
Correlation
The correlation between QQLV and SPXM is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025 | 0.20 |
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Return for Risk
QQLV vs. SPXM — Risk / Return Rank
QQLV
SPXM
QQLV vs. SPXM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Low Volatility ETF (QQLV) 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.
| QQLV | SPXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.38 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | 2.10 | -1.86 |
| Martin ratioReturn relative to average drawdown | 0.46 | 9.84 | -9.39 |
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Drawdowns
QQLV vs. SPXM - Drawdown Comparison
The maximum QQLV drawdown since its inception was -9.54%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for QQLV and SPXM.
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Drawdown Indicators
| QQLV | SPXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.54% | -5.08% | -4.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.35% | -5.08% | -2.27% |
Current DrawdownCurrent decline from peak | -0.98% | -0.75% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -0.78% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | — | — |
Volatility
QQLV vs. SPXM - Volatility Comparison
Invesco QQQ Low Volatility ETF (QQLV) has a higher volatility of 4.61% compared to Azoria 500 Meritocracy ETF (SPXM) at 0.00%. This indicates that QQLV'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
| QQLV | SPXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 0.00% | +4.61% |
Volatility (6M)Calculated over the trailing 6-month period | 8.11% | 3.99% | +4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.73% | 7.68% | +3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.84% | 7.64% | +5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.84% | 7.64% | +5.20% |
QQLV vs. SPXM - Expense Ratio Comparison
QQLV has a 0.25% expense ratio, which is lower than SPXM's 0.47% expense ratio.
Dividends
QQLV vs. SPXM - Dividend Comparison
QQLV's dividend yield for the trailing twelve months is around 2.05%, more than SPXM's 0.24% yield.
| Position | TTM | 2025 |
|---|---|---|
QQLV Invesco QQQ Low Volatility ETF | 2.05% | 1.84% |
SPXM Azoria 500 Meritocracy ETF | 0.24% | 0.24% |
Frequently Asked Questions
QQLV and SPXM have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQLV has higher volatility (4.61%) compared to SPXM (0.00%). In terms of maximum drawdown, QQLV dropped -9.54% vs SPXM's -5.08%.
On 1-year performance, SPXM leads with 8.67% vs 1.72% for QQLV. On fees, QQLV is cheaper at 0.25% 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, SPXM has performed better with a 8.67% return vs 1.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQLV is cheaper with a 0.25% expense ratio, compared with 0.47% for SPXM.
QQLV has the higher dividend yield at 2.05%, compared with 0.24% for SPXM.
They also come from different issuers: Invesco and Azoria. Their fees differ too: 0.25% for QQLV and 0.47% for SPXM.
SPXM currently has the higher Sharpe Ratio (1.39 vs 0.16), 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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