SPXM vs. XMAG
Compare and contrast key facts about Azoria 500 Meritocracy ETF (SPXM) and Defiance Large Cap ex-Mag 7 ETF (XMAG).
SPXM and XMAG 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. XMAG is a passively managed fund by Defiance that tracks the performance of the BITA US 500 ex Magnificent 7 Index. It was launched on Oct 21, 2024.
Performance
SPXM vs. XMAG - Performance Comparison
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SPXM vs. XMAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPXM Azoria 500 Meritocracy ETF | 0.00% | 9.16% |
XMAG Defiance Large Cap ex-Mag 7 ETF | -1.56% | 6.51% |
Returns By Period
SPXM
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 2.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XMAG
- 1D
- 2.57%
- 1M
- -4.91%
- YTD
- -1.56%
- 6M
- 0.82%
- 1Y
- 13.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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SPXM vs. XMAG - Expense Ratio Comparison
SPXM has a 0.47% expense ratio, which is higher than XMAG's 0.35% expense ratio.
Return for Risk
SPXM vs. XMAG — Risk / Return Rank
SPXM
XMAG
SPXM vs. XMAG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Azoria 500 Meritocracy ETF (SPXM) and Defiance Large Cap ex-Mag 7 ETF (XMAG). 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 | XMAG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.83 | 0.53 | +1.30 |
Correlation
The correlation between SPXM and XMAG 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. XMAG - Dividend Comparison
SPXM's dividend yield for the trailing twelve months is around 0.24%, less than XMAG's 0.52% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
SPXM Azoria 500 Meritocracy ETF | 0.24% | 0.24% | 0.00% |
XMAG Defiance Large Cap ex-Mag 7 ETF | 0.52% | 0.51% | 0.24% |
Drawdowns
SPXM vs. XMAG - Drawdown Comparison
The maximum SPXM drawdown since its inception was -5.08%, smaller than the maximum XMAG drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for SPXM and XMAG.
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Drawdown Indicators
| SPXM | XMAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.08% | -16.17% | +11.09% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.21% | — |
Current DrawdownCurrent decline from peak | -0.75% | -4.91% | +4.16% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -2.30% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.31% | — |
Volatility
SPXM vs. XMAG - Volatility Comparison
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Volatility by Period
| SPXM | XMAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.64% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.70% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.38% | 16.35% | -6.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.38% | 15.48% | -6.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.38% | 15.48% | -6.10% |