SNAV vs. SPXM

Last updated Jun 3, 2026

SNAV (Mohr Sector Nav ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. SNAV charges 1.30%/yr vs 0.47%/yr for SPXM.

Performance

SNAV vs. SPXM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mohr Sector Nav ETF (SNAV) and Azoria 500 Meritocracy ETF (SPXM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SNAV

• 1D: 0.45%
• 1M: 7.17%
• YTD: 12.32%
• 6M: 12.65%
• 1Y: 27.10%
• 3Y*: 15.83%
• 5Y*: —
• 10Y*: —

SPXM

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SNAV vs. SPXM - Yearly Performance Comparison

	2026 (YTD)	2025
SNAV Mohr Sector Nav ETF	12.32%	7.88%
SPXM Azoria 500 Meritocracy ETF	0.00%	9.16%

Correlation

The correlation between SNAV and SPXM is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	0.59

Return for Risk

SNAV vs. SPXM — Risk / Return Rank

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

SNAV

SNAV Risk / Return Rank: 77
SNAV Sharpe Ratio Rank: 77
SNAV Sortino Ratio Rank: 74
SNAV Omega Ratio Rank: 75
SNAV Calmar Ratio Rank: 80
SNAV Martin Ratio Rank: 77

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.

SNAV vs. SPXM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mohr Sector Nav ETF (SNAV) 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.

	SNAV	SPXM	Difference
Sharpe ratio Return per unit of total volatility	2.55	—	—
Sortino ratio Return per unit of downside risk	3.44	—	—
Omega ratio Gain probability vs. loss probability	1.46	—	—
Calmar ratio Return relative to maximum drawdown	4.24	—	—
Martin ratio Return relative to average drawdown	15.28	—	—
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

	SNAV	SPXM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	1.57	-0.44

Drawdowns

SNAV vs. SPXM - Drawdown Comparison

The maximum SNAV drawdown since its inception was -16.61%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for SNAV and SPXM.

Drawdown Indicators

	SNAV	SPXM	Difference
Max Drawdown Largest peak-to-trough decline	-16.61%	-5.08%	-11.53%
Max Drawdown (1Y) Largest decline over 1 year	-6.45%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.61%	—	—
Current Drawdown Current decline from peak	0.00%	-0.75%	+0.75%
Average Drawdown Average peak-to-trough decline	-2.51%	-0.79%	-1.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	—	—

Volatility

Volatility by Period

	SNAV	SPXM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.66%	8.21%	+2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.64%	8.21%	+5.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.64%	8.21%	+5.43%

SNAV vs. SPXM - Expense Ratio Comparison

SNAV has a 1.30% expense ratio, which is higher than SPXM's 0.47% expense ratio.

Dividends

SNAV vs. SPXM - Dividend Comparison

SNAV has not paid dividends to shareholders, while SPXM's dividend yield for the trailing twelve months is around 0.24%.

Position	TTM	2025	2024	2023
SNAV Mohr Sector Nav ETF	0.00%	0.00%	0.94%	3.29%
SPXM Azoria 500 Meritocracy ETF	0.24%	0.24%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SNAV and SPXM in my portfolio?

SNAV and SPXM have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SNAV or SPXM?

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.

Which ETF is cheaper, SNAV or SPXM?

SPXM is cheaper with a 0.47% expense ratio, compared with 1.30% for SNAV.

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

SPXM has the higher dividend yield at 0.24%, compared with 0.00% for SNAV.

What is the main difference between SNAV and SPXM?

They also come from different issuers: Mohr Funds and Azoria. Their fees differ too: 1.30% for SNAV and 0.47% for SPXM.