ZIG vs. SPXM

Last updated Jul 17, 2026

ZIG (Acquirers Fund) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. ZIG is passively managed, while SPXM is actively managed. Over the past year, ZIG returned 12.48% vs 8.72% for SPXM. At a 0.34 correlation, their price movements are largely independent. ZIG charges 1.85%/yr vs 0.47%/yr for SPXM.

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.

Returns By Period

ZIG

• 1D: 1.35%
• 1M: 0.58%
• 6M: 3.02%
• YTD: 9.71%
• 1Y: 12.48%
• 3Y*: 10.26%
• 5Y*: 9.19%
• 10Y*: —

SPXM

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 0.00%
• 1Y: 8.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZIG vs. SPXM - Yearly Performance Comparison

	2026 (YTD)	2025
ZIG Acquirers Fund	9.71%	1.24%
SPXM Azoria 500 Meritocracy ETF	0.00%	9.27%

Correlation

The correlation between ZIG and SPXM is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025	0.34

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: 26
ZIG Sharpe Ratio Rank: 25
ZIG Sortino Ratio Rank: 27
ZIG Omega Ratio Rank: 24
ZIG Calmar Ratio Rank: 26
ZIG Martin Ratio Rank: 28

SPXM

SPXM Risk / Return Rank: 60
SPXM Sharpe Ratio Rank: 50
SPXM Sortino Ratio Rank: 48
SPXM Omega Ratio Rank: 82
SPXM Calmar Ratio Rank: 52
SPXM Martin Ratio Rank: 69

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.

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.

	ZIG	SPXM	Difference
Sharpe ratio: Return per unit of total volatility	0.73	1.40	-0.67
Sortino ratio: Return per unit of downside risk	1.26	1.98	-0.72
Omega ratio: Gain probability vs. loss probability	1.14	1.39	-0.25
Calmar ratio: Return relative to maximum drawdown	1.01	2.11	-1.10
Martin ratio: Return relative to average drawdown	2.99	9.87	-6.88

ZIG vs. SPXM - Sharpe Ratio Comparison

The current ZIG Sharpe Ratio is 0.73, which is lower than the SPXM Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of ZIG and SPXM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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	-12.38%	-5.08%	-7.30%
Max Drawdown (3Y) Largest decline over 3 years	-29.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.75%	—	—
Current Drawdown Current decline from peak	-4.74%	-0.75%	-3.99%
Average Drawdown Average peak-to-trough decline	-9.68%	-0.78%	-8.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.19%	—	—

Volatility

ZIG vs. SPXM - Volatility Comparison

Acquirers Fund (ZIG) has a higher volatility of 3.44% compared to Azoria 500 Meritocracy ETF (SPXM) at 0.00%. This indicates that ZIG's price experiences larger fluctuations and is considered to be riskier than SPXM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZIG	SPXM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.44%	0.00%	+3.44%
Volatility (6M) Calculated over the trailing 6-month period	9.26%	3.78%	+5.48%
Volatility (1Y) Calculated over the trailing 1-year period	17.12%	7.65%	+9.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.48%	7.59%	+12.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.01%	7.59%	+14.42%

ZIG vs. SPXM - Expense Ratio Comparison

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

Dividends

ZIG vs. SPXM - Dividend Comparison

ZIG's dividend yield for the trailing twelve months is around 1.74%, more 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%
ZIG Acquirers Fund	1.74%	1.91%	1.96%	1.07%	1.26%	0.18%	0.18%

Frequently Asked Questions

Can I hold both ZIG and SPXM in my portfolio?

ZIG and SPXM have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZIG or SPXM?

ZIG has higher volatility (3.44%) compared to SPXM (0.00%). In terms of maximum drawdown, ZIG dropped -37.14% vs SPXM's -5.08%.

Which ETF is better, ZIG or SPXM?

On 1-year performance, ZIG leads with 12.48% vs 8.72% for SPXM. On fees, SPXM is cheaper at 0.47% per year. On volatility, SPXM has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ZIG or SPXM?

Over the 1-year period, ZIG has performed better with a 12.48% return vs 8.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ZIG or SPXM?

SPXM is cheaper with a 0.47% expense ratio, compared with 1.85% for ZIG.

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

ZIG has the higher dividend yield at 1.74%, compared with 0.24% for SPXM.

What is the main difference between ZIG and SPXM?

They also come from different issuers: Acquirers Funds and Azoria. Their fees differ too: 1.85% for ZIG and 0.47% for SPXM.

Which has better risk-adjusted returns?

SPXM currently has the higher Sharpe Ratio (1.40 vs 0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.