VNSE vs. SPXM
VNSE (Natixis Vaughan Nelson Select ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. VNSE is passively managed, while SPXM is actively managed. A 0.51 correlation means they provide meaningful diversification when combined. VNSE charges 0.80%/yr vs 0.47%/yr for SPXM.
Performance
VNSE vs. SPXM - Performance Comparison
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Returns By Period
VNSE
- 1D
- -0.16%
- 1M
- 2.88%
- YTD
- 8.88%
- 6M
- 8.63%
- 1Y
- 23.60%
- 3Y*
- 13.73%
- 5Y*
- 10.71%
- 10Y*
- —
SPXM
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -0.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VNSE vs. SPXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VNSE Natixis Vaughan Nelson Select ETF | 8.88% | 7.45% |
SPXM Azoria 500 Meritocracy ETF | 0.00% | 9.16% |
Correlation
The correlation between VNSE and SPXM is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.51 |
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Return for Risk
VNSE vs. SPXM — Risk / Return Rank
VNSE
SPXM
VNSE vs. SPXM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Natixis Vaughan Nelson Select ETF (VNSE) 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.
| VNSE | SPXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | — | — |
| Martin ratioReturn relative to average drawdown | 8.05 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VNSE | SPXM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 1.56 | -0.71 |
Drawdowns
VNSE vs. SPXM - Drawdown Comparison
The maximum VNSE drawdown since its inception was -24.21%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for VNSE and SPXM.
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Drawdown Indicators
| VNSE | SPXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.21% | -5.08% | -19.13% |
Max Drawdown (1Y)Largest decline over 1 year | -11.89% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -20.91% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.21% | — | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.75% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -0.79% | -4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | — | — |
Volatility
VNSE vs. SPXM - Volatility Comparison
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Volatility by Period
| VNSE | SPXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.72% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.76% | 8.18% | +5.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 8.18% | +9.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.14% | 8.18% | +8.96% |
VNSE vs. SPXM - Expense Ratio Comparison
VNSE has a 0.80% expense ratio, which is higher than SPXM's 0.47% expense ratio.
Dividends
VNSE vs. SPXM - Dividend Comparison
VNSE's dividend yield for the trailing twelve months is around 0.20%, less than SPXM's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SPXM Azoria 500 Meritocracy ETF | 0.24% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VNSE Natixis Vaughan Nelson Select ETF | 0.20% | 0.21% | 0.00% | 0.21% | 7.01% | 19.65% | 0.06% |
Frequently Asked Questions
VNSE and SPXM have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SPXM is cheaper with a 0.47% expense ratio, compared with 0.80% for VNSE.
SPXM has the higher dividend yield at 0.24%, compared with 0.20% for VNSE.
They also come from different issuers: Natixis and Azoria. Their fees differ too: 0.80% for VNSE and 0.47% for SPXM.
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