SPXM vs. SHRY

Last updated Apr 1, 2026

Compare and contrast key facts about Azoria 500 Meritocracy ETF (SPXM) and First Trust Bloomberg Shareholder Yield ETF (SHRY).

SPXM and SHRY 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. SHRY is a passively managed fund by First Trust that tracks the performance of the Bloomberg Shareholder Yield Index - Benchmark TR Gross. It was launched on Jun 20, 2017.

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.

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	3.97%	-1.60%

Returns By Period

SPXM

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

SHRY

• 1D: 0.52%
• 1M: -3.51%
• YTD: 3.97%
• 6M: 2.16%
• 1Y: 9.02%
• 3Y*: 13.82%
• 5Y*: 8.96%
• 10Y*: —

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

SPXM vs. SHRY - Expense Ratio Comparison

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

SHRY

First Trust Bloomberg Shareholder Yield ETF

SPXM

Azoria 500 Meritocracy ETF

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: 33
SHRY Sharpe Ratio Rank: 30
SHRY Sortino Ratio Rank: 31
SHRY Omega Ratio Rank: 31
SHRY Calmar Ratio Rank: 34
SHRY Martin Ratio Rank: 37

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	—	0.58	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.83	0.61	+1.22

Correlation

The correlation between SPXM and SHRY is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SPXM vs. SHRY - Dividend Comparison

SPXM's dividend yield for the trailing twelve months is around 0.24%, less than SHRY's 1.70% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
SHRY First Trust Bloomberg Shareholder Yield ETF	1.70%	1.73%	1.76%	1.49%	1.52%	0.98%	1.65%	1.54%	1.89%	0.55%

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	—	-11.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.94%	—
Current Drawdown Current decline from peak	-0.75%	-3.98%	+3.23%
Average Drawdown Average peak-to-trough decline	-0.80%	-5.08%	+4.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.99%	—

Volatility

Volatility by Period

	SPXM	SHRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.38%	15.69%	-6.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.38%	15.72%	-6.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.38%	18.31%	-8.93%