SPXM vs. IWB
SPXM (Azoria 500 Meritocracy ETF) and IWB (iShares Russell 1000 ETF) are both Large Cap Blend Equities funds. SPXM is actively managed, while IWB is passively managed. A 0.55 correlation means they provide meaningful diversification when combined. SPXM charges 0.47%/yr vs 0.15%/yr for IWB.
Performance
SPXM vs. IWB - Performance Comparison
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Returns By Period
SPXM
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWB
- 1D
- -0.36%
- 1M
- 0.29%
- YTD
- 9.46%
- 6M
- 8.85%
- 1Y
- 25.98%
- 3Y*
- 21.03%
- 5Y*
- 12.64%
- 10Y*
- 15.40%
SPXM vs. IWB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPXM Azoria 500 Meritocracy ETF | 0.00% | 9.27% |
IWB iShares Russell 1000 ETF | 9.46% | 10.01% |
Correlation
The correlation between SPXM and IWB is 0.55, 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 8, 2025 | 0.55 |
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Return for Risk
SPXM vs. IWB — Risk / Return Rank
SPXM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWB
SPXM vs. IWB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Azoria 500 Meritocracy ETF (SPXM) and iShares Russell 1000 ETF (IWB). 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.
| SPXM | IWB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.94 | — |
| Martin ratioReturn relative to average drawdown | — | 13.13 | — |
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Drawdowns
SPXM vs. IWB - Drawdown Comparison
The maximum SPXM drawdown since its inception was -5.08%, smaller than the maximum IWB drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for SPXM and IWB.
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Drawdown Indicators
| SPXM | IWB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.08% | -55.38% | +50.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.86% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.09% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.20% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.60% | — |
Current DrawdownCurrent decline from peak | -0.75% | -1.68% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -0.78% | -10.84% | +10.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.98% | — |
Volatility
SPXM vs. IWB - Volatility Comparison
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Volatility by Period
| SPXM | IWB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.65% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.80% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.91% | 12.52% | -4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.91% | 17.19% | -9.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.91% | 18.19% | -10.28% |
SPXM vs. IWB - Expense Ratio Comparison
SPXM has a 0.47% expense ratio, which is higher than IWB's 0.15% expense ratio.
Dividends
SPXM vs. IWB - Dividend Comparison
SPXM's dividend yield for the trailing twelve months is around 0.24%, less than IWB's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWB iShares Russell 1000 ETF | 0.93% | 1.00% | 1.14% | 1.31% | 1.56% | 1.09% | 1.37% | 1.71% | 2.06% | 1.64% | 1.89% | 1.95% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
SPXM and IWB have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWB is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWB is cheaper with a 0.15% expense ratio, compared with 0.47% for SPXM.
IWB has the higher dividend yield at 0.93%, compared with 0.24% for SPXM.
They also come from different issuers: Azoria and iShares. Their fees differ too: 0.47% for SPXM and 0.15% for IWB.
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