RFFC vs. SPXM
RFFC (ALPS Active Equity Opportunity ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. Both are actively managed. A 0.53 correlation means they provide meaningful diversification when combined. RFFC charges 0.48%/yr vs 0.47%/yr for SPXM.
Performance
RFFC vs. SPXM - Performance Comparison
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Returns By Period
RFFC
- 1D
- -0.47%
- 1M
- 3.42%
- YTD
- 10.59%
- 6M
- 10.88%
- 1Y
- 28.37%
- 3Y*
- 21.20%
- 5Y*
- 12.38%
- 10Y*
- —
SPXM
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -0.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RFFC vs. SPXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RFFC ALPS Active Equity Opportunity ETF | 10.59% | 11.85% |
SPXM Azoria 500 Meritocracy ETF | 0.00% | 9.16% |
Correlation
The correlation between RFFC and SPXM is 0.53, 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 | 0.53 |
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Return for Risk
RFFC vs. SPXM — Risk / Return Rank
RFFC
SPXM
RFFC vs. SPXM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS Active Equity Opportunity ETF (RFFC) 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.
| RFFC | SPXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.42 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | — | — |
| Martin ratioReturn relative to average drawdown | 14.17 | — | — |
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
| RFFC | SPXM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 1.56 | -0.85 |
Drawdowns
RFFC vs. SPXM - Drawdown Comparison
The maximum RFFC drawdown since its inception was -36.26%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for RFFC and SPXM.
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Drawdown Indicators
| RFFC | SPXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.26% | -5.08% | -31.18% |
Max Drawdown (1Y)Largest decline over 1 year | -9.25% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.29% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | -0.75% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -0.79% | -4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | — | — |
Volatility
RFFC vs. SPXM - Volatility Comparison
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Volatility by Period
| RFFC | SPXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.00% | 8.18% | +3.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 8.18% | +8.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 8.18% | +9.79% |
RFFC vs. SPXM - Expense Ratio Comparison
RFFC has a 0.48% expense ratio, which is higher than SPXM's 0.47% expense ratio.
Dividends
RFFC vs. SPXM - Dividend Comparison
RFFC's dividend yield for the trailing twelve months is around 0.72%, more than SPXM's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
RFFC ALPS Active Equity Opportunity ETF | 0.72% | 0.78% | 1.05% | 1.35% | 1.41% | 0.71% | 1.79% | 1.34% | 1.36% | 0.93% | 0.66% |
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% |
Frequently Asked Questions
RFFC and SPXM have a correlation of 0.53, 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 0.48% for RFFC.
RFFC has the higher dividend yield at 0.72%, compared with 0.24% for SPXM.
They also come from different issuers: SS&C and Azoria. Their fees differ too: 0.48% for RFFC and 0.47% for SPXM.
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