ZIG vs. SPXM

Last updated Apr 1, 2026

Compare and contrast key facts about Acquirers Fund (ZIG) and Azoria 500 Meritocracy ETF (SPXM).

ZIG and SPXM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZIG is a passively managed fund by Acquirers Funds that tracks the performance of the Acquirer's Index. It was launched on May 15, 2019. SPXM is an actively managed fund by Azoria. It was launched on Jul 7, 2025.

Performance

ZIG vs. SPXM - Performance Comparison

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

ZIG vs. SPXM - Yearly Performance Comparison

	2026 (YTD)	2025
ZIG Acquirers Fund	7.01%	-0.20%
SPXM Azoria 500 Meritocracy ETF	0.00%	9.16%

Returns By Period

ZIG

• 1D: 1.09%
• 1M: -1.95%
• YTD: 7.01%
• 6M: 5.19%
• 1Y: 12.41%
• 3Y*: 14.05%
• 5Y*: 10.18%
• 10Y*: —

SPXM

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 2.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZIG vs. SPXM - Expense Ratio Comparison

ZIG has a 1.85% expense ratio, which is higher than SPXM's 0.47% expense ratio.

ZIG

Acquirers Fund

SPXM

Azoria 500 Meritocracy ETF

Return for Risk

ZIG vs. SPXM — Risk / Return Rank

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

ZIG

ZIG Risk / Return Rank: 31
ZIG Sharpe Ratio Rank: 28
ZIG Sortino Ratio Rank: 33
ZIG Omega Ratio Rank: 30
ZIG Calmar Ratio Rank: 32
ZIG Martin Ratio Rank: 29

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.

ZIG vs. SPXM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Acquirers Fund (ZIG) 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.

	ZIG	SPXM	Difference
Sharpe ratio Return per unit of total volatility	0.50	—	—
Sortino ratio Return per unit of downside risk	0.91	—	—
Omega ratio Gain probability vs. loss probability	1.12	—	—
Calmar ratio Return relative to maximum drawdown	0.77	—	—
Martin ratio Return relative to average drawdown	2.41	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ZIG	SPXM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	1.83	-1.49

Correlation

The correlation between ZIG and SPXM is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ZIG vs. SPXM - Dividend Comparison

ZIG's dividend yield for the trailing twelve months is around 1.78%, more than SPXM's 0.24% yield.

	TTM	2025	2024	2023	2022	2021	2020
ZIG Acquirers Fund	1.78%	1.91%	1.96%	1.07%	1.26%	0.18%	0.18%
SPXM Azoria 500 Meritocracy ETF	0.24%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ZIG vs. SPXM - Drawdown Comparison

The maximum ZIG drawdown since its inception was -37.14%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for ZIG and SPXM.

Drawdown Indicators

	ZIG	SPXM	Difference
Max Drawdown Largest peak-to-trough decline	-37.14%	-5.08%	-32.06%
Max Drawdown (1Y) Largest decline over 1 year	-16.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.75%	—	—
Current Drawdown Current decline from peak	-7.08%	-0.75%	-6.33%
Average Drawdown Average peak-to-trough decline	-9.84%	-0.80%	-9.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.35%	—	—

Volatility

Volatility by Period

	ZIG	SPXM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.11%	9.38%	+15.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.51%	9.38%	+11.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.36%	9.38%	+12.98%