SPXM vs. SPCT

Last updated Jul 14, 2026

SPXM (Azoria 500 Meritocracy ETF) and SPCT (Liberty One Spectrum ETF) are both Large Cap Blend Equities funds. Both are actively managed. At a 0.29 correlation, their price movements are largely independent. SPXM charges 0.47%/yr vs 0.85%/yr for SPCT.

Performance

SPXM vs. SPCT - Performance Comparison

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

Returns By Period

SPXM

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 0.00%
• 1Y: 8.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPCT

• 1D: -0.04%
• 1M: 1.12%
• 6M: 6.78%
• YTD: 9.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPXM vs. SPCT - Yearly Performance Comparison

	2026 (YTD)	2025
SPXM Azoria 500 Meritocracy ETF	0.00%	2.37%
SPCT Liberty One Spectrum ETF	9.05%	1.93%

Correlation

The correlation between SPXM and SPCT is 0.29, 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 Sep 30, 2025	0.29

Return for Risk

SPXM vs. SPCT — Risk / Return Rank

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

SPXM

SPXM Risk / Return Rank: 60
SPXM Sharpe Ratio Rank: 51
SPXM Sortino Ratio Rank: 49
SPXM Omega Ratio Rank: 81
SPXM Calmar Ratio Rank: 53
SPXM Martin Ratio Rank: 68

SPCT

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

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. SPCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Azoria 500 Meritocracy ETF (SPXM) and Liberty One Spectrum ETF (SPCT). 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	SPCT	Difference
Sharpe ratio: Return per unit of total volatility	1.39	—	—
Sortino ratio: Return per unit of downside risk	1.97	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	2.10	—	—
Martin ratio: Return relative to average drawdown	9.84	—	—

Drawdowns

SPXM vs. SPCT - Drawdown Comparison

The maximum SPXM drawdown since its inception was -5.08%, smaller than the maximum SPCT drawdown of -7.17%. Use the drawdown chart below to compare losses from any high point for SPXM and SPCT.

Drawdown Indicators

	SPXM	SPCT	Difference
Max Drawdown Largest peak-to-trough decline	-5.08%	-7.17%	+2.09%
Max Drawdown (1Y) Largest decline over 1 year	-5.08%	—	—
Current Drawdown Current decline from peak	-0.75%	-0.36%	-0.39%
Average Drawdown Average peak-to-trough decline	-0.78%	-1.50%	+0.72%

Volatility

Volatility by Period

	SPXM	SPCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.68%	9.28%	-1.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.64%	9.28%	-1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.64%	9.28%	-1.64%

SPXM vs. SPCT - Expense Ratio Comparison

SPXM has a 0.47% expense ratio, which is lower than SPCT's 0.85% expense ratio.

Dividends

SPXM vs. SPCT - Dividend Comparison

SPXM's dividend yield for the trailing twelve months is around 0.24%, less than SPCT's 0.74% yield.

Position	TTM	2025
SPCT Liberty One Spectrum ETF	0.74%	0.16%
SPXM Azoria 500 Meritocracy ETF	0.24%	0.24%

Frequently Asked Questions

Can I hold both SPXM and SPCT in my portfolio?

SPXM and SPCT have a correlation of 0.29, 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 SPCT?

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 SPCT?

SPXM is cheaper with a 0.47% expense ratio, compared with 0.85% for SPCT.

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

SPCT has the higher dividend yield at 0.74%, compared with 0.24% for SPXM.

What is the main difference between SPXM and SPCT?

They also come from different issuers: Azoria and Liberty One. Their fees differ too: 0.47% for SPXM and 0.85% for SPCT.