SHRY vs. SPXM
SHRY (First Trust Bloomberg Shareholder Yield ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. SHRY is passively managed, while SPXM is actively managed. At a 0.34 correlation, their price movements are largely independent. SHRY charges 0.60%/yr vs 0.47%/yr for SPXM.
Performance
SHRY vs. SPXM - Performance Comparison
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Returns By Period
SHRY
- 1D
- -0.83%
- 1M
- -1.07%
- YTD
- 4.24%
- 6M
- 5.20%
- 1Y
- 6.62%
- 3Y*
- 13.90%
- 5Y*
- 7.87%
- 10Y*
- —
SPXM
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -0.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHRY vs. SPXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SHRY First Trust Bloomberg Shareholder Yield ETF | 4.24% | -1.60% |
SPXM Azoria 500 Meritocracy ETF | 0.00% | 9.16% |
Correlation
The correlation between SHRY and SPXM is 0.34, 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 | 0.34 |
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Return for Risk
SHRY vs. SPXM — Risk / Return Rank
SHRY
SPXM
SHRY vs. SPXM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Shareholder Yield ETF (SHRY) 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.
| SHRY | SPXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.11 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | — | — |
| Martin ratioReturn relative to average drawdown | 2.54 | — | — |
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
| SHRY | SPXM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.56 | -0.96 |
Drawdowns
SHRY vs. SPXM - Drawdown Comparison
The maximum SHRY drawdown since its inception was -36.67%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for SHRY and SPXM.
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Drawdown Indicators
| SHRY | SPXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.67% | -5.08% | -31.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.20% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.94% | — | — |
Current DrawdownCurrent decline from peak | -3.73% | -0.75% | -2.98% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -0.79% | -4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | — | — |
Volatility
SHRY vs. SPXM - Volatility Comparison
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Volatility by Period
| SHRY | SPXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.78% | 8.18% | +2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.67% | 8.18% | +7.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 8.18% | +10.00% |
SHRY vs. SPXM - Expense Ratio Comparison
SHRY has a 0.60% expense ratio, which is higher than SPXM's 0.47% expense ratio.
Dividends
SHRY vs. SPXM - Dividend Comparison
SHRY's dividend yield for the trailing twelve months is around 1.69%, more than SPXM's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SHRY First Trust Bloomberg Shareholder Yield ETF | 1.69% | 1.73% | 1.76% | 1.49% | 1.52% | 0.98% | 1.65% | 1.54% | 1.89% | 0.55% |
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
SHRY and SPXM have a correlation of 0.34, 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 0.60% for SHRY.
SHRY has the higher dividend yield at 1.69%, compared with 0.24% for SPXM.
They also come from different issuers: First Trust and Azoria. Their fees differ too: 0.60% for SHRY and 0.47% for SPXM.
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