RNDV vs. SPXM
RNDV (US Equity Dividend Select ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. RNDV is passively managed, while SPXM is actively managed. At a 0.40 correlation, their price movements are largely independent. RNDV charges 0.50%/yr vs 0.47%/yr for SPXM.
Performance
RNDV vs. SPXM - Performance Comparison
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Returns By Period
RNDV
- 1D
- -1.01%
- 1M
- 8.04%
- YTD
- 16.69%
- 6M
- 16.73%
- 1Y
- 31.60%
- 3Y*
- 17.67%
- 5Y*
- 9.28%
- 10Y*
- —
SPXM
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -0.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RNDV vs. SPXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RNDV US Equity Dividend Select ETF | 16.69% | 5.70% |
SPXM Azoria 500 Meritocracy ETF | 0.00% | 9.16% |
Correlation
The correlation between RNDV and SPXM is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.40 |
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Return for Risk
RNDV vs. SPXM — Risk / Return Rank
RNDV
SPXM
RNDV vs. SPXM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Equity Dividend Select ETF (RNDV) 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.
| RNDV | SPXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.41 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | — | — |
| Martin ratioReturn relative to average drawdown | 11.35 | — | — |
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
| RNDV | SPXM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.56 | -0.95 |
Drawdowns
RNDV vs. SPXM - Drawdown Comparison
The maximum RNDV drawdown since its inception was -37.44%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for RNDV and SPXM.
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Drawdown Indicators
| RNDV | SPXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.44% | -5.08% | -32.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.70% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | — | — |
Current DrawdownCurrent decline from peak | -1.01% | -0.75% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -0.79% | -4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | — | — |
Volatility
RNDV vs. SPXM - Volatility Comparison
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Volatility by Period
| RNDV | SPXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.90% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.58% | 8.18% | +5.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 8.18% | +7.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.87% | 8.18% | +10.69% |
RNDV vs. SPXM - Expense Ratio Comparison
RNDV has a 0.50% expense ratio, which is higher than SPXM's 0.47% expense ratio.
Dividends
RNDV vs. SPXM - Dividend Comparison
RNDV's dividend yield for the trailing twelve months is around 2.33%, more than SPXM's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
RNDV US Equity Dividend Select ETF | 2.33% | 2.70% | 2.55% | 3.10% | 2.52% | 1.95% | 2.44% | 2.85% | 4.09% | 1.10% |
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% |
Frequently Asked Questions
RNDV and SPXM have a correlation of 0.40, 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 0.50% for RNDV.
RNDV has the higher dividend yield at 2.33%, compared with 0.24% for SPXM.
They also come from different issuers: First Trust and Azoria. Their fees differ too: 0.50% for RNDV and 0.47% for SPXM.
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