SGLC vs. SPXM

Last updated Jul 17, 2026

SGLC (SGI U.S. Large Cap Core ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, SGLC returned 28.68% vs 8.72% for SPXM. At a 0.44 correlation, their price movements are largely independent. SGLC charges 0.85%/yr vs 0.47%/yr for SPXM.

Performance

SGLC vs. SPXM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SGI U.S. Large Cap Core ETF (SGLC) and Azoria 500 Meritocracy ETF (SPXM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SGLC

• 1D: -0.81%
• 1M: 0.91%
• 6M: 12.40%
• YTD: 14.68%
• 1Y: 28.68%
• 3Y*: 20.12%
• 5Y*: —
• 10Y*: —

SPXM

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 0.00%
• 1Y: 8.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SGLC vs. SPXM - Yearly Performance Comparison

	2026 (YTD)	2025
SGLC SGI U.S. Large Cap Core ETF	14.68%	12.62%
SPXM Azoria 500 Meritocracy ETF	0.00%	9.27%

Correlation

The correlation between SGLC and SPXM is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025	0.44

Return for Risk

SGLC vs. SPXM — Risk / Return Rank

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

SGLC

SGLC Risk / Return Rank: 78
SGLC Sharpe Ratio Rank: 80
SGLC Sortino Ratio Rank: 76
SGLC Omega Ratio Rank: 78
SGLC Calmar Ratio Rank: 74
SGLC Martin Ratio Rank: 82

SPXM

SPXM Risk / Return Rank: 60
SPXM Sharpe Ratio Rank: 50
SPXM Sortino Ratio Rank: 48
SPXM Omega Ratio Rank: 82
SPXM Calmar Ratio Rank: 52
SPXM Martin Ratio Rank: 69

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.

SGLC vs. SPXM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SGI U.S. Large Cap Core ETF (SGLC) 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.

	SGLC	SPXM	Difference
Sharpe ratio: Return per unit of total volatility	2.05	1.40	+0.65
Sortino ratio: Return per unit of downside risk	2.73	1.98	+0.74
Omega ratio: Gain probability vs. loss probability	1.37	1.39	-0.02
Calmar ratio: Return relative to maximum drawdown	2.98	2.11	+0.87
Martin ratio: Return relative to average drawdown	12.72	9.87	+2.85

SGLC vs. SPXM - Sharpe Ratio Comparison

The current SGLC Sharpe Ratio is 2.05, which is higher than the SPXM Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of SGLC 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

SGLC vs. SPXM - Drawdown Comparison

The maximum SGLC drawdown since its inception was -20.24%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for SGLC and SPXM.

Drawdown Indicators

	SGLC	SPXM	Difference
Max Drawdown Largest peak-to-trough decline	-20.24%	-5.08%	-15.16%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-5.08%	-4.59%
Max Drawdown (3Y) Largest decline over 3 years	-20.24%	—	—
Current Drawdown Current decline from peak	-0.81%	-0.75%	-0.06%
Average Drawdown Average peak-to-trough decline	-2.42%	-0.78%	-1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	—	—

Volatility

SGLC vs. SPXM - Volatility Comparison

SGI U.S. Large Cap Core ETF (SGLC) has a higher volatility of 3.67% compared to Azoria 500 Meritocracy ETF (SPXM) at 0.00%. This indicates that SGLC'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

	SGLC	SPXM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	0.00%	+3.67%
Volatility (6M) Calculated over the trailing 6-month period	11.60%	3.78%	+7.82%
Volatility (1Y) Calculated over the trailing 1-year period	14.07%	7.65%	+6.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.02%	7.59%	+8.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.02%	7.59%	+8.43%

SGLC vs. SPXM - Expense Ratio Comparison

SGLC has a 0.85% expense ratio, which is higher than SPXM's 0.47% expense ratio.

Dividends

SGLC vs. SPXM - Dividend Comparison

SGLC's dividend yield for the trailing twelve months is around 0.20%, less than SPXM's 0.24% yield.

Position	TTM	2025	2024	2023
SGLC SGI U.S. Large Cap Core ETF	0.20%	0.23%	8.68%	1.49%
SPXM Azoria 500 Meritocracy ETF	0.24%	0.24%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SGLC and SPXM in my portfolio?

SGLC and SPXM have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGLC or SPXM?

SGLC has higher volatility (3.67%) compared to SPXM (0.00%). In terms of maximum drawdown, SGLC dropped -20.24% vs SPXM's -5.08%.

Which ETF is better, SGLC or SPXM?

On 1-year performance, SGLC leads with 28.68% vs 8.72% 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, SGLC or SPXM?

Over the 1-year period, SGLC has performed better with a 28.68% return vs 8.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SGLC or SPXM?

SPXM is cheaper with a 0.47% expense ratio, compared with 0.85% for SGLC.

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

SPXM has the higher dividend yield at 0.24%, compared with 0.20% for SGLC.

What is the main difference between SGLC and SPXM?

They also come from different issuers: Summit Global Investments and Azoria. Their fees differ too: 0.85% for SGLC and 0.47% for SPXM.

Which has better risk-adjusted returns?

SGLC currently has the higher Sharpe Ratio (2.05 vs 1.40), 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.