SPQ vs. SPXM

Last updated Jun 4, 2026

SPQ (Simplify US Equity Plus QIS ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. Both are actively managed. SPQ charges 1.00%/yr vs 0.47%/yr for SPXM.

Performance

SPQ vs. SPXM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify US Equity Plus QIS ETF (SPQ) and Azoria 500 Meritocracy ETF (SPXM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPQ

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 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)

SPQ vs. SPXM - Yearly Performance Comparison

	2026 (YTD)	2025
SPQ Simplify US Equity Plus QIS ETF	0.00%	0.00%
SPXM Azoria 500 Meritocracy ETF	0.00%	9.16%

Return for Risk

SPQ vs. SPXM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity Plus QIS ETF (SPQ) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SPQ	SPXM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.56	—

Drawdowns

Drawdown Indicators

	SPQ	SPXM	Difference
Max Drawdown Largest peak-to-trough decline	—	-5.08%	—
Current Drawdown Current decline from peak	—	-0.75%	—
Average Drawdown Average peak-to-trough decline	—	-0.79%	—

Volatility

Volatility by Period

	SPQ	SPXM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	8.18%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	8.18%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	8.18%	—

SPQ vs. SPXM - Expense Ratio Comparison

SPQ has a 1.00% expense ratio, which is higher than SPXM's 0.47% expense ratio.

Dividends

SPQ vs. SPXM - Dividend Comparison

SPQ 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
SPQ Simplify US Equity Plus QIS ETF	0.00%	0.31%	17.17%	1.68%
SPXM Azoria 500 Meritocracy ETF	0.24%	0.24%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, SPQ 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, SPQ or SPXM?

SPXM is cheaper with a 0.47% expense ratio, compared with 1.00% for SPQ.

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

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

What is the main difference between SPQ and SPXM?

They also come from different issuers: Simplify and Azoria. Their fees differ too: 1.00% for SPQ and 0.47% for SPXM.