SEIQ vs. SPXM

Last updated Jun 4, 2026

SEIQ (SEI Enhanced US Large Cap Quality Factor ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. SEIQ charges 0.15%/yr vs 0.47%/yr for SPXM.

Performance

SEIQ vs. SPXM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Enhanced US Large Cap Quality Factor ETF (SEIQ) and Azoria 500 Meritocracy ETF (SPXM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SEIQ

• 1D: -0.66%
• 1M: 4.05%
• YTD: 2.81%
• 6M: 3.61%
• 1Y: 10.27%
• 3Y*: 13.59%
• 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)

SEIQ vs. SPXM - Yearly Performance Comparison

	2026 (YTD)	2025
SEIQ SEI Enhanced US Large Cap Quality Factor ETF	2.81%	5.23%
SPXM Azoria 500 Meritocracy ETF	0.00%	9.16%

Correlation

The correlation between SEIQ and SPXM is 0.48, 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	0.48

Return for Risk

SEIQ vs. SPXM — Risk / Return Rank

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

SEIQ

SEIQ Risk / Return Rank: 26
SEIQ Sharpe Ratio Rank: 27
SEIQ Sortino Ratio Rank: 26
SEIQ Omega Ratio Rank: 25
SEIQ Calmar Ratio Rank: 23
SEIQ Martin Ratio Rank: 29

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.

SEIQ vs. SPXM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Enhanced US Large Cap Quality Factor ETF (SEIQ) 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.

	SEIQ	SPXM	Difference
Sharpe ratio: Return per unit of total volatility	0.97	—	—
Sortino ratio: Return per unit of downside risk	1.42	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.07	—	—
Martin ratio: Return relative to average drawdown	4.19	—	—
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

	SEIQ	SPXM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	1.56	-0.63

Drawdowns

SEIQ vs. SPXM - Drawdown Comparison

The maximum SEIQ drawdown since its inception was -14.87%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for SEIQ and SPXM.

Drawdown Indicators

	SEIQ	SPXM	Difference
Max Drawdown Largest peak-to-trough decline	-14.87%	-5.08%	-9.79%
Max Drawdown (1Y) Largest decline over 1 year	-9.66%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.27%	—	—
Current Drawdown Current decline from peak	-0.81%	-0.75%	-0.06%
Average Drawdown Average peak-to-trough decline	-2.73%	-0.79%	-1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	—	—

Volatility

Volatility by Period

	SEIQ	SPXM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.65%	8.18%	+2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.59%	8.18%	+6.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.59%	8.18%	+6.41%

SEIQ vs. SPXM - Expense Ratio Comparison

SEIQ has a 0.15% expense ratio, which is lower than SPXM's 0.47% expense ratio.

Dividends

SEIQ vs. SPXM - Dividend Comparison

SEIQ's dividend yield for the trailing twelve months is around 0.93%, more than SPXM's 0.24% yield.

Position	TTM	2025	2024	2023	2022
SEIQ SEI Enhanced US Large Cap Quality Factor ETF	0.93%	0.94%	0.97%	1.08%	0.83%
SPXM Azoria 500 Meritocracy ETF	0.24%	0.24%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SEIQ and SPXM in my portfolio?

SEIQ 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 ETF is better, SEIQ or SPXM?

On fees, SEIQ is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SEIQ or SPXM?

SEIQ is cheaper with a 0.15% expense ratio, compared with 0.47% for SPXM.

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

SEIQ has the higher dividend yield at 0.93%, compared with 0.24% for SPXM.

What is the main difference between SEIQ and SPXM?

They also come from different issuers: SEI and Azoria. Their fees differ too: 0.15% for SEIQ and 0.47% for SPXM.