SPXM vs. SHRY

Last updated Jun 4, 2026

SPXM (Azoria 500 Meritocracy ETF) and SHRY (First Trust Bloomberg Shareholder Yield ETF) are both Large Cap Blend Equities funds. SPXM is actively managed, while SHRY is passively managed. At a 0.34 correlation, their price movements are largely independent. SPXM charges 0.47%/yr vs 0.60%/yr for SHRY.

Performance

SPXM vs. SHRY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Azoria 500 Meritocracy ETF (SPXM) and First Trust Bloomberg Shareholder Yield ETF (SHRY). 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: -0.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHRY

• 1D: -0.83%
• 1M: -1.07%
• YTD: 4.24%
• 6M: 5.20%
• 1Y: 6.62%
• 3Y*: 13.90%
• 5Y*: 7.87%
• 10Y*: —

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

SPXM vs. SHRY - Yearly Performance Comparison

	2026 (YTD)	2025
SPXM Azoria 500 Meritocracy ETF	0.00%	9.16%
SHRY First Trust Bloomberg Shareholder Yield ETF	4.24%	-1.60%

Correlation

The correlation between SPXM and SHRY is 0.34, 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 9, 2025	0.34

Return for Risk

SPXM vs. SHRY — Risk / Return Rank

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

SHRY

SHRY Risk / Return Rank: 20
SHRY Sharpe Ratio Rank: 19
SHRY Sortino Ratio Rank: 18
SHRY Omega Ratio Rank: 18
SHRY Calmar Ratio Rank: 21
SHRY Martin Ratio Rank: 22

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. SHRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Azoria 500 Meritocracy ETF (SPXM) and First Trust Bloomberg Shareholder Yield ETF (SHRY). 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

	SPXM	SHRY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.62	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.56	0.60	+0.96

Drawdowns

SPXM vs. SHRY - Drawdown Comparison

The maximum SPXM drawdown since its inception was -5.08%, smaller than the maximum SHRY drawdown of -36.67%. Use the drawdown chart below to compare losses from any high point for SPXM and SHRY.

Drawdown Indicators

	SPXM	SHRY	Difference
Max Drawdown Largest peak-to-trough decline	-5.08%	-36.67%	+31.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.20%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.94%	—
Current Drawdown Current decline from peak	-0.75%	-3.73%	+2.98%
Average Drawdown Average peak-to-trough decline	-0.79%	-5.03%	+4.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.62%	—

Volatility

Volatility by Period

	SPXM	SHRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.18%	10.78%	-2.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.18%	15.67%	-7.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.18%	18.18%	-10.00%

SPXM vs. SHRY - Expense Ratio Comparison

SPXM has a 0.47% expense ratio, which is lower than SHRY's 0.60% expense ratio.

Dividends

SPXM vs. SHRY - Dividend Comparison

SPXM's dividend yield for the trailing twelve months is around 0.24%, less than SHRY's 1.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SHRY First Trust Bloomberg Shareholder Yield ETF	1.69%	1.73%	1.76%	1.49%	1.52%	0.98%	1.65%	1.54%	1.89%	0.55%
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%

Frequently Asked Questions

Can I hold both SPXM and SHRY in my portfolio?

SPXM and SHRY have a correlation of 0.34, 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 SHRY?

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, SPXM or SHRY?

SPXM is cheaper with a 0.47% expense ratio, compared with 0.60% for SHRY.

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

SHRY has the higher dividend yield at 1.69%, compared with 0.24% for SPXM.

What is the main difference between SPXM and SHRY?

They also come from different issuers: Azoria and First Trust. Their fees differ too: 0.47% for SPXM and 0.60% for SHRY.