RSST vs. SPXM

Last updated Aug 2, 2026

RSST (Return Stacked U.S. Stocks & Managed Futures ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, RSST returned 47.14% vs 8.90% for SPXM. Their 0.50 correlation means their historical movements had little consistent relationship. RSST charges 0.99%/yr vs 0.47%/yr for SPXM.

Performance

RSST vs. SPXM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Return Stacked U.S. Stocks & Managed Futures ETF (RSST) and Azoria 500 Meritocracy ETF (SPXM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RSST

• 1D: 1.26%
• 1M: 1.13%
• 6M: 10.06%
• YTD: 14.96%
• 1Y: 47.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.03%

SPXM

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 0.00%
• 1Y: 8.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.70%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RSST Return Stacked U.S. Stocks & Managed Futures ETF	$2.69M	$3.70M	$3.80M
SPXM Azoria 500 Meritocracy ETF	$0.00	$0.00	$0.00

RSST vs. SPXM - Yearly Performance Comparison

	2026 (YTD)	2025
RSST Return Stacked U.S. Stocks & Managed Futures ETF	14.96%	22.99%
SPXM Azoria 500 Meritocracy ETF	0.00%	9.27%

Correlation

The correlation between RSST and SPXM is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.48
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025	0.50

Return for Risk

RSST vs. SPXM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RSST

RSST Risk / Return Rank: 78
RSST Sharpe Ratio Rank: 78
RSST Sortino Ratio Rank: 68
RSST Omega Ratio Rank: 75
RSST Calmar Ratio Rank: 88
RSST Martin Ratio Rank: 81

SPXM

SPXM Risk / Return Rank: 58
SPXM Sharpe Ratio Rank: 47
SPXM Sortino Ratio Rank: 46
SPXM Omega Ratio Rank: 80
SPXM Calmar Ratio Rank: 49
SPXM Martin Ratio Rank: 67

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RSST vs. SPXM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Return Stacked U.S. Stocks & Managed Futures ETF (RSST) 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.

	RSST	SPXM	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.17	+0.60
Sortino ratio: Return per unit of downside risk	2.22	1.67	+0.55
Omega ratio: Gain probability vs. loss probability	1.31	1.34	-0.03
Calmar ratio: Return relative to maximum drawdown	3.53	1.75	+1.78
Martin ratio: Return relative to average drawdown	10.47	8.21	+2.26

RSST vs. SPXM - Sharpe Ratio Comparison

The current RSST Sharpe Ratio is 1.78, which is higher than the SPXM Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of RSST and SPXM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RSST vs. SPXM - Drawdown Comparison

The maximum RSST drawdown since its inception was -30.80%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for RSST and SPXM.

Drawdown Indicators

	RSST	SPXM	Difference
Max Drawdown Largest peak-to-trough decline	-30.80%	-5.08%	-25.72%
Max Drawdown (1Y) Largest decline over 1 year	-11.71%	-5.08%	-6.63%
Current Drawdown Current decline from peak	-6.24%	-0.75%	-5.49%
Average Drawdown Average peak-to-trough decline	-6.02%	-0.78%	-5.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.95%	—	—

Volatility

RSST vs. SPXM - Volatility Comparison

Return Stacked U.S. Stocks & Managed Futures ETF (RSST) has a higher volatility of 4.47% compared to Azoria 500 Meritocracy ETF (SPXM) at 0.00%. This indicates that RSST'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.

Volatility by Period

	RSST	SPXM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	0.00%	+4.47%
Volatility (6M) Calculated over the trailing 6-month period	16.48%	1.58%	+14.90%
Volatility (1Y) Calculated over the trailing 1-year period	23.27%	7.57%	+15.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.24%	7.40%	+16.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.24%	7.40%	+16.84%

RSST vs. SPXM - Expense Ratio Comparison

RSST has a 0.99% expense ratio, which is higher than SPXM's 0.47% expense ratio.

Dividends

RSST vs. SPXM - Dividend Comparison

RSST's dividend yield for the trailing twelve months is around 0.98%, more than SPXM's 0.24% yield.

Position	TTM	2025	2024	2023
RSST Return Stacked U.S. Stocks & Managed Futures ETF	0.98%	1.12%	0.09%	0.93%
SPXM Azoria 500 Meritocracy ETF	0.24%	0.24%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSST and SPXM in my portfolio?

RSST and SPXM have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSST or SPXM?

RSST has higher volatility (4.47%) compared to SPXM (0.00%). In terms of maximum drawdown, RSST dropped -30.80% vs SPXM's -5.08%.

Which ETF is better, RSST or SPXM?

On 1-year performance, RSST leads with 47.14% vs 8.90% for SPXM. On fees, SPXM is cheaper at 0.47% 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.

Which ETF has performed better, RSST or SPXM?

Over the 1-year period, RSST has performed better with a 47.14% return vs 8.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSST or SPXM?

SPXM is cheaper with a 0.47% expense ratio, compared with 0.99% for RSST.

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

RSST has the higher dividend yield at 0.98%, compared with 0.24% for SPXM.

What is the main difference between RSST and SPXM?

They also come from different issuers: Return Stacked and Azoria. Their fees differ too: 0.99% for RSST and 0.47% for SPXM.

Which has better risk-adjusted returns?

RSST currently has the higher Sharpe Ratio (1.78 vs 1.17), 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.