AAPB vs. SPMO
Compare and contrast key facts about GraniteShares 2x Long AAPL Daily ETF (AAPB) and Invesco S&P 500® Momentum ETF (SPMO).
AAPB and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAPB is an actively managed fund by GraniteShares. It was launched on Aug 8, 2022. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAPB or SPMO.
Correlation
The correlation between AAPB and SPMO is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AAPB vs. SPMO - Performance Comparison
Key characteristics
AAPB:
-0.04
SPMO:
1.02
AAPB:
0.42
SPMO:
1.51
AAPB:
1.06
SPMO:
1.22
AAPB:
-0.02
SPMO:
1.25
AAPB:
-0.06
SPMO:
4.52
AAPB:
19.61%
SPMO:
5.57%
AAPB:
64.22%
SPMO:
24.70%
AAPB:
-58.13%
SPMO:
-30.95%
AAPB:
-47.39%
SPMO:
-4.43%
Returns By Period
In the year-to-date period, AAPB achieves a -43.56% return, which is significantly lower than SPMO's 3.87% return.
AAPB
-43.56%
25.64%
-32.51%
-2.46%
N/A
N/A
SPMO
3.87%
19.16%
2.96%
25.00%
20.72%
N/A
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AAPB vs. SPMO - Expense Ratio Comparison
AAPB has a 1.15% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
AAPB vs. SPMO — Risk-Adjusted Performance Rank
AAPB
SPMO
AAPB vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AAPL Daily ETF (AAPB) and Invesco S&P 500® Momentum ETF (SPMO). 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.
Dividends
AAPB vs. SPMO - Dividend Comparison
AAPB has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.52%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 0.00% | 0.00% | 18.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.52% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
AAPB vs. SPMO - Drawdown Comparison
The maximum AAPB drawdown since its inception was -58.13%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for AAPB and SPMO. For additional features, visit the drawdowns tool.
Volatility
AAPB vs. SPMO - Volatility Comparison
GraniteShares 2x Long AAPL Daily ETF (AAPB) has a higher volatility of 33.86% compared to Invesco S&P 500® Momentum ETF (SPMO) at 13.05%. This indicates that AAPB's price experiences larger fluctuations and is considered to be riskier than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.