Two ETF - GARP/SPMO
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
GARP iShares MSCI USA Quality GARP ETF | Large Cap Growth Equities | 50% |
SPMO Invesco S&P 500® Momentum ETF | Large Cap Growth Equities | 50% |
Performance
Performance Chart
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The earliest data available for this chart is Jan 16, 2020, corresponding to the inception date of GARP
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -0.63% | 13.31% | -1.23% | 9.83% | 14.61% | 10.64% |
| Two ETF - GARP/SPMO | 4.54% | 16.83% | 5.22% | 21.94% | 20.75% | N/A |
| Portfolio components: | ||||||
SPMO Invesco S&P 500® Momentum ETF | 8.63% | 16.54% | 8.27% | 27.37% | 21.37% | N/A |
GARP iShares MSCI USA Quality GARP ETF | 0.49% | 17.13% | 2.14% | 16.60% | 19.75% | N/A |
Monthly Returns
The table below presents the monthly returns of Two ETF - GARP/SPMO, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.45% | -2.25% | -7.77% | 2.19% | 8.63% | 4.54% | |||||||
| 2024 | 4.88% | 9.74% | 3.65% | -5.31% | 7.77% | 6.93% | -1.50% | 2.74% | 2.13% | -0.99% | 6.95% | -0.61% | 41.62% |
| 2023 | 4.03% | -2.26% | 3.61% | 1.65% | -1.08% | 6.81% | 1.97% | 0.84% | -2.70% | -1.46% | 10.60% | 5.48% | 30.12% |
| 2022 | -7.57% | -2.79% | 3.29% | -9.66% | -0.11% | -8.28% | 10.53% | -3.79% | -8.02% | 10.11% | 3.64% | -5.37% | -18.86% |
| 2021 | 0.54% | -1.09% | 1.89% | 5.33% | -0.64% | 6.36% | 2.74% | 4.49% | -5.50% | 7.85% | -0.74% | 2.33% | 25.35% |
| 2020 | -1.72% | -8.35% | -9.07% | 13.14% | 6.42% | 3.54% | 6.71% | 8.31% | -2.42% | -4.57% | 9.21% | 4.45% | 25.37% |
Expense Ratio
Two ETF - GARP/SPMO has an expense ratio of 0.14%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of Two ETF - GARP/SPMO is 68, indicating average performance compared to other portfolios on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
SPMO Invesco S&P 500® Momentum ETF | 1.10 | 1.65 | 1.24 | 1.40 | 5.07 |
GARP iShares MSCI USA Quality GARP ETF | 0.60 | 1.04 | 1.14 | 0.71 | 2.39 |
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Dividends
Dividend yield
Two ETF - GARP/SPMO provided a 0.45% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 0.45% | 0.43% | 1.19% | 1.76% | 0.60% | 1.01% | 0.70% | 0.53% | 0.38% | 0.97% | 0.18% |
| Portfolio components: | |||||||||||
SPMO Invesco S&P 500® Momentum ETF | 0.50% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
GARP iShares MSCI USA Quality GARP ETF | 0.41% | 0.38% | 0.75% | 1.85% | 0.67% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Two ETF - GARP/SPMO. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Two ETF - GARP/SPMO was 31.14%, occurring on Mar 23, 2020. Recovery took 72 trading sessions.
The current Two ETF - GARP/SPMO drawdown is 2.20%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.14% | Feb 20, 2020 | 23 | Mar 23, 2020 | 72 | Jul 6, 2020 | 95 |
| -25.89% | Nov 22, 2021 | 143 | Jun 16, 2022 | 372 | Dec 8, 2023 | 515 |
| -21.68% | Feb 20, 2025 | 34 | Apr 8, 2025 | — | — | — |
| -13.16% | Jul 11, 2024 | 18 | Aug 5, 2024 | 46 | Oct 9, 2024 | 64 |
| -9.97% | Feb 16, 2021 | 15 | Mar 8, 2021 | 23 | Apr 9, 2021 | 38 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 2 assets, with an effective number of assets of 2.00, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| ^GSPC | SPMO | GARP | Portfolio | |
|---|---|---|---|---|
| ^GSPC | 1.00 | 0.86 | 0.89 | 0.92 |
| SPMO | 0.86 | 1.00 | 0.82 | 0.94 |
| GARP | 0.89 | 0.82 | 1.00 | 0.96 |
| Portfolio | 0.92 | 0.94 | 0.96 | 1.00 |