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SPXM vs. IWD
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SPXM vs. IWD

Last updated Apr 1, 2026

Compare and contrast key facts about Azoria 500 Meritocracy ETF (SPXM) and iShares Russell 1000 Value ETF (IWD).

SPXM and IWD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXM is an actively managed fund by Azoria. It was launched on Jul 7, 2025. IWD is a passively managed fund by iShares that tracks the performance of the Russell 1000 Value Index. It was launched on May 22, 2000.

Performance

SPXM vs. IWD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Azoria 500 Meritocracy ETF (SPXM) and iShares Russell 1000 Value ETF (IWD). The values are adjusted to include any dividend payments, if applicable.

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SPXM vs. IWD - Yearly Performance Comparison

2026 (YTD)2025
SPXM
Azoria 500 Meritocracy ETF		0.00%9.16%
IWD
iShares Russell 1000 Value ETF		1.97%8.47%

Returns By Period

SPXM

1D
0.00%
1M
0.00%
YTD
0.00%
6M
2.20%
1Y
—
3Y*
—
5Y*
—
10Y*
—

IWD

1D
2.03%
1M
-4.89%
YTD
1.97%
6M
5.86%
1Y
15.56%
3Y*
14.10%
5Y*
9.01%
10Y*
10.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Azoria 500 Meritocracy ETF

iShares Russell 1000 Value ETF

Often compared with SPXM:
SPXM vs. SPYMSPXM vs. VOOSPXM vs. QQQSPXM vs. SCHXSPXM vs. QUALSPXM vs. QDTESPXM vs. SPY
Often compared with IWD:
IWD vs. IWFIWD vs. VTVIWD vs. IWBIWD vs. QQQIWD vs. VONVIWD vs. IWVIWD vs. IWR

SPXM vs. IWD - Expense Ratio Comparison

SPXM has a 0.47% expense ratio, which is higher than IWD's 0.18% expense ratio.

SPXM
Azoria 500 Meritocracy ETF
IWD
iShares Russell 1000 Value ETF

Return for Risk

SPXM vs. IWD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPXM
IWD
IWD Risk / Return Rank: 6262
Overall Rank
IWD Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
IWD Sortino Ratio Rank: 6060
Sortino Ratio Rank
IWD Omega Ratio Rank: 6262
Omega Ratio Rank
IWD Calmar Ratio Rank: 6161
Calmar Ratio Rank
IWD Martin Ratio Rank: 7070
Martin Ratio Rank
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.

SPXM vs. IWD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Azoria 500 Meritocracy ETF (SPXM) and iShares Russell 1000 Value ETF (IWD). 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.

SPXM vs. IWD - Sharpe Ratio Comparison

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Sharpe Ratios by Period

SPXMIWDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

0.99

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.61

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.60

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.83

0.40

+1.43

Correlation

The correlation between SPXM and IWD is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SPXM vs. IWD - Dividend Comparison

SPXM's dividend yield for the trailing twelve months is around 0.24%, less than IWD's 1.67% yield.

TTM20252024202320222021202020192018201720162015
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%
IWD
iShares Russell 1000 Value ETF		1.67%1.69%1.87%2.02%2.15%1.62%2.05%2.45%2.71%2.09%2.25%2.47%

Drawdowns

SPXM vs. IWD - Drawdown Comparison

The maximum SPXM drawdown since its inception was -5.08%, smaller than the maximum IWD drawdown of -60.10%. Use the drawdown chart below to compare losses from any high point for SPXM and IWD.

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Drawdown Indicators

SPXMIWDDifference

Max Drawdown

Largest peak-to-trough decline

-5.08%

-60.10%

+55.02%

Max Drawdown (1Y)

Largest decline over 1 year

—

-11.80%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-19.04%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.51%

—

Current Drawdown

Current decline from peak

-0.75%

-4.89%

+4.14%

Average Drawdown

Average peak-to-trough decline

-0.80%

-8.71%

+7.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.50%

—

Volatility

SPXM vs. IWD - Volatility Comparison

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Volatility by Period

SPXMIWDDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

4.33%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

8.26%

—

Volatility (1Y)

Calculated over the trailing 1-year period

9.38%

15.76%

-6.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.38%

14.80%

-5.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.38%

17.28%

-7.90%