XCHG vs. SPXM

Last updated Jul 12, 2026

XCHG (AB US Equity ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. Both are actively managed. XCHG charges 0.50%/yr vs 0.47%/yr for SPXM.

Performance

XCHG vs. SPXM - Performance Comparison

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

Returns By Period

XCHG

• 1D: 0.70%
• 1M: 3.47%
• 6M: 6.06%
• YTD: 8.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPXM

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

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

XCHG vs. SPXM - Yearly Performance Comparison

	2026 (YTD)	2025
XCHG AB US Equity ETF	8.47%	0.38%
SPXM Azoria 500 Meritocracy ETF	0.00%	0.00%

Return for Risk

XCHG vs. SPXM — Risk / Return Rank

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

XCHG

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

SPXM

SPXM Risk / Return Rank: 57
SPXM Sharpe Ratio Rank: 47
SPXM Sortino Ratio Rank: 46
SPXM Omega Ratio Rank: 77
SPXM Calmar Ratio Rank: 50
SPXM Martin Ratio Rank: 66

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.

XCHG vs. SPXM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB US Equity ETF (XCHG) 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.

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.

	XCHG	SPXM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.33	—
Sortino ratio: Return per unit of downside risk	—	1.88	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	2.01	—
Martin ratio: Return relative to average drawdown	—	9.42	—

Drawdowns

XCHG vs. SPXM - Drawdown Comparison

The maximum XCHG drawdown since its inception was -9.66%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for XCHG and SPXM.

Drawdown Indicators

	XCHG	SPXM	Difference
Max Drawdown Largest peak-to-trough decline	-9.66%	-5.08%	-4.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.08%	—
Current Drawdown Current decline from peak	0.00%	-0.75%	+0.75%
Average Drawdown Average peak-to-trough decline	-1.84%	-0.78%	-1.06%

Volatility

Volatility by Period

	XCHG	SPXM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.16%	7.68%	+5.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.16%	7.66%	+5.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.16%	7.66%	+5.50%

XCHG vs. SPXM - Expense Ratio Comparison

XCHG has a 0.50% expense ratio, which is higher than SPXM's 0.47% expense ratio.

Dividends

XCHG vs. SPXM - Dividend Comparison

XCHG's dividend yield for the trailing twelve months is around 0.37%, more than SPXM's 0.24% yield.

Position	TTM	2025
SPXM Azoria 500 Meritocracy ETF	0.24%	0.24%
XCHG AB US Equity ETF	0.37%	0.05%

Frequently Asked Questions

Which ETF is better, XCHG or SPXM?

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, XCHG or SPXM?

SPXM is cheaper with a 0.47% expense ratio, compared with 0.50% for XCHG.

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

XCHG has the higher dividend yield at 0.37%, compared with 0.24% for SPXM.

What is the main difference between XCHG and SPXM?

They also come from different issuers: AllianceBernstein and Azoria. Their fees differ too: 0.50% for XCHG and 0.47% for SPXM.