UTRN vs. SPXM

Last updated Apr 2, 2026

Compare and contrast key facts about Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN) and Azoria 500 Meritocracy ETF (SPXM).

UTRN and SPXM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UTRN is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Vesper US Large Cap Short-Term Reversal Index. It was launched on Sep 21, 2018. SPXM is an actively managed fund by Azoria. It was launched on Jul 7, 2025.

Performance

UTRN vs. SPXM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN) and Azoria 500 Meritocracy ETF (SPXM). The values are adjusted to include any dividend payments, if applicable.

UTRN vs. SPXM - Yearly Performance Comparison

	2026 (YTD)	2025
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF	0.00%	0.00%
SPXM Azoria 500 Meritocracy ETF	0.00%	9.16%

Returns By Period

UTRN

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

SPXM

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 1.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UTRN vs. SPXM - Expense Ratio Comparison

UTRN has a 0.75% expense ratio, which is higher than SPXM's 0.47% expense ratio.

UTRN

Vesper U.S. Large Cap Short-Term Reversal Strategy ETF

SPXM

Azoria 500 Meritocracy ETF

Return for Risk

UTRN vs. SPXM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN) and Azoria 500 Meritocracy ETF (SPXM). 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

	UTRN	SPXM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.82	—

Dividends

UTRN vs. SPXM - Dividend Comparison

UTRN has not paid dividends to shareholders, while SPXM's dividend yield for the trailing twelve months is around 0.24%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF	0.00%	0.00%	1.06%	2.75%	1.09%	24.51%	9.09%	3.77%	0.71%
SPXM Azoria 500 Meritocracy ETF	0.24%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	UTRN	SPXM	Difference
Max Drawdown Largest peak-to-trough decline	—	-5.08%	—
Current Drawdown Current decline from peak	—	-0.75%	—
Average Drawdown Average peak-to-trough decline	—	-0.80%	—

Volatility

Volatility by Period

	UTRN	SPXM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	9.34%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	9.34%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	9.34%	—