Correlation
The correlation between ACWDX and SPMO is 0.77, 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.
ACWDX vs. SPMO
Compare and contrast key facts about AMG GW&K Small/Mid Cap Growth Fund (ACWDX) and Invesco S&P 500® Momentum ETF (SPMO).
ACWDX is managed by AMG. It was launched on Nov 3, 2010. 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: ACWDX or SPMO.
Performance
ACWDX vs. SPMO - Performance Comparison
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Key characteristics
ACWDX:
0.12
SPMO:
0.86
ACWDX:
0.31
SPMO:
1.42
ACWDX:
1.04
SPMO:
1.20
ACWDX:
0.09
SPMO:
1.16
ACWDX:
0.25
SPMO:
4.20
ACWDX:
9.28%
SPMO:
5.58%
ACWDX:
23.26%
SPMO:
25.02%
ACWDX:
-38.86%
SPMO:
-30.95%
ACWDX:
-11.25%
SPMO:
-0.80%
Returns By Period
In the year-to-date period, ACWDX achieves a -3.95% return, which is significantly lower than SPMO's 12.56% return.
ACWDX
-3.95%
0.85%
-7.33%
2.76%
11.02%
9.45%
5.96%
SPMO
12.56%
1.46%
9.93%
21.45%
30.05%
21.00%
N/A
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ACWDX vs. SPMO - Expense Ratio Comparison
ACWDX has a 1.00% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
ACWDX vs. SPMO — Risk-Adjusted Performance Rank
ACWDX
SPMO
ACWDX vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG GW&K Small/Mid Cap Growth Fund (ACWDX) 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.
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Dividends
ACWDX vs. SPMO - Dividend Comparison
ACWDX's dividend yield for the trailing twelve months is around 0.77%, more than SPMO's 0.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWDX AMG GW&K Small/Mid Cap Growth Fund | 0.77% | 0.74% | 0.00% | 2.04% | 58.27% | 4.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 3.72% |
SPMO Invesco S&P 500® Momentum ETF | 0.48% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% | 0.00% |
Drawdowns
ACWDX vs. SPMO - Drawdown Comparison
The maximum ACWDX drawdown since its inception was -38.86%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for ACWDX and SPMO.
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Volatility
ACWDX vs. SPMO - Volatility Comparison
AMG GW&K Small/Mid Cap Growth Fund (ACWDX) has a higher volatility of 4.60% compared to Invesco S&P 500® Momentum ETF (SPMO) at 4.24%. This indicates that ACWDX'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.
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