SPXM vs. QDTE
Compare and contrast key facts about Azoria 500 Meritocracy ETF (SPXM) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE).
SPXM and QDTE 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. QDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024.
Performance
SPXM vs. QDTE - Performance Comparison
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SPXM vs. QDTE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPXM Azoria 500 Meritocracy ETF | 0.00% | 9.16% |
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF | -5.34% | 14.23% |
Returns By Period
SPXM
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 2.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QDTE
- 1D
- 2.12%
- 1M
- -5.56%
- YTD
- -5.34%
- 6M
- -1.02%
- 1Y
- 20.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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SPXM vs. QDTE - Expense Ratio Comparison
SPXM has a 0.47% expense ratio, which is lower than QDTE's 0.95% expense ratio.
Return for Risk
SPXM vs. QDTE — Risk / Return Rank
SPXM
QDTE
SPXM vs. QDTE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Azoria 500 Meritocracy ETF (SPXM) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE). 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.
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Sharpe Ratios by Period
| SPXM | QDTE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.83 | 0.76 | +1.07 |
Correlation
The correlation between SPXM and QDTE is 0.60, 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. QDTE - Dividend Comparison
SPXM's dividend yield for the trailing twelve months is around 0.24%, less than QDTE's 51.06% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
SPXM Azoria 500 Meritocracy ETF | 0.24% | 0.24% | 0.00% |
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF | 51.06% | 49.49% | 32.09% |
Drawdowns
SPXM vs. QDTE - Drawdown Comparison
The maximum SPXM drawdown since its inception was -5.08%, smaller than the maximum QDTE drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for SPXM and QDTE.
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Drawdown Indicators
| SPXM | QDTE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.08% | -22.86% | +17.78% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.08% | — |
Current DrawdownCurrent decline from peak | -0.75% | -8.29% | +7.54% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -3.30% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.65% | — |
Volatility
SPXM vs. QDTE - Volatility Comparison
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Volatility by Period
| SPXM | QDTE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.64% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.38% | 19.33% | -9.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.38% | 18.70% | -9.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.38% | 18.70% | -9.32% |