SGLC vs. SPXM
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. At a 0.48 correlation, their price movements are largely independent. SGLC charges 0.85%/yr vs 0.47%/yr for SPXM.
Performance
SGLC vs. SPXM - Performance Comparison
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Returns By Period
SGLC
- 1D
- 0.35%
- 1M
- 5.34%
- YTD
- 14.85%
- 6M
- 16.84%
- 1Y
- 33.91%
- 3Y*
- 22.49%
- 5Y*
- —
- 10Y*
- —
SPXM
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -0.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGLC vs. SPXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SGLC SGI U.S. Large Cap Core ETF | 14.85% | 13.05% |
SPXM Azoria 500 Meritocracy ETF | 0.00% | 9.16% |
Correlation
The correlation between SGLC 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 |
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Return for Risk
SGLC vs. SPXM — Risk / Return Rank
SGLC
SPXM
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.
| SGLC | SPXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.45 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | — | — |
| Martin ratioReturn relative to average drawdown | 15.67 | — | — |
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
| SGLC | SPXM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | 1.56 | -0.12 |
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.
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Drawdown Indicators
| SGLC | SPXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.24% | -5.08% | -15.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.67% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -20.24% | — | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.75% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -2.45% | -0.79% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | — | — |
Volatility
SGLC vs. SPXM - Volatility Comparison
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Volatility by Period
| SGLC | SPXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.49% | 8.16% | +5.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 8.16% | +7.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.03% | 8.16% | +7.87% |
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
SGLC 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.
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 0.85% for SGLC.
SPXM has the higher dividend yield at 0.24%, compared with 0.20% for SGLC.
They also come from different issuers: Summit Global Investments and Azoria. Their fees differ too: 0.85% for SGLC and 0.47% for SPXM.
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