SPXM vs. QQQ

Last updated Jun 24, 2026

SPXM (Azoria 500 Meritocracy ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - SPXM is a Large Cap Blend Equities fund actively managed by Azoria, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. SPXM is actively managed, while QQQ is passively managed. At a 0.48 correlation, their price movements are largely independent. SPXM charges 0.47%/yr vs 0.18%/yr for QQQ.

Performance

SPXM vs. QQQ - Performance Comparison

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

Returns By Period

SPXM

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

QQQ

• 1D: -3.29%
• 1M: -0.43%
• YTD: 16.45%
• 6M: 14.99%
• 1Y: 34.88%
• 3Y*: 26.05%
• 5Y*: 16.01%
• 10Y*: 22.07%

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

SPXM vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025
SPXM Azoria 500 Meritocracy ETF	0.00%	9.27%
QQQ Invesco QQQ ETF	16.45%	11.55%

Correlation

The correlation between SPXM and QQQ is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025	0.48

Return for Risk

SPXM vs. QQQ — Risk / Return Rank

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

SPXM

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

QQQ

QQQ Risk / Return Rank: 59
QQQ Sharpe Ratio Rank: 61
QQQ Sortino Ratio Rank: 55
QQQ Omega Ratio Rank: 58
QQQ Calmar Ratio Rank: 61
QQQ Martin Ratio Rank: 62

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. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Azoria 500 Meritocracy ETF (SPXM) and Invesco QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.95	—
Sortino ratio: Return per unit of downside risk	—	2.57	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	2.93	—
Martin ratio: Return relative to average drawdown	—	10.86	—

Drawdowns

SPXM vs. QQQ - Drawdown Comparison

The maximum SPXM drawdown since its inception was -5.08%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for SPXM and QQQ.

Drawdown Indicators

	SPXM	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-5.08%	-82.97%	+77.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.96%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-0.75%	-4.25%	+3.50%
Average Drawdown Average peak-to-trough decline	-0.78%	-32.73%	+31.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.22%	—

Volatility

Volatility by Period

	SPXM	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.89%	17.96%	-10.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.89%	22.69%	-14.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.89%	22.42%	-14.53%

SPXM vs. QQQ - Expense Ratio Comparison

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

Dividends

SPXM vs. QQQ - Dividend Comparison

SPXM's dividend yield for the trailing twelve months is around 0.24%, less than QQQ's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.43%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
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

Can I hold both SPXM and QQQ in my portfolio?

SPXM and QQQ have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPXM or QQQ?

On fees, QQQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPXM or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.47% for SPXM.

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

QQQ has the higher dividend yield at 0.43%, compared with 0.24% for SPXM.

What is the main difference between SPXM and QQQ?

SPXM is categorized as Large Cap Blend Equities, while QQQ is Nasdaq-100. They also come from different issuers: Azoria and Invesco. Their fees differ too: 0.47% for SPXM and 0.18% for QQQ.