AGOX vs. SPMO
Compare and contrast key facts about Adaptive Alpha Opportunities ETF (AGOX) and Invesco S&P 500® Momentum ETF (SPMO).
AGOX and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AGOX is managed by Adaptive Funds. It was launched on Sep 20, 2012. 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: AGOX or SPMO.
Correlation
The correlation between AGOX and SPMO is 0.74, 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
AGOX vs. SPMO - Performance Comparison
Key characteristics
AGOX:
0.79
SPMO:
2.72
AGOX:
1.29
SPMO:
3.54
AGOX:
1.15
SPMO:
1.48
AGOX:
1.49
SPMO:
3.76
AGOX:
4.38
SPMO:
15.40
AGOX:
3.17%
SPMO:
3.21%
AGOX:
17.67%
SPMO:
18.17%
AGOX:
-27.73%
SPMO:
-30.95%
AGOX:
-8.52%
SPMO:
-3.16%
Returns By Period
In the year-to-date period, AGOX achieves a 12.76% return, which is significantly lower than SPMO's 46.40% return.
AGOX
12.76%
-5.95%
-2.17%
13.75%
N/A
N/A
SPMO
46.40%
0.06%
9.58%
47.42%
19.45%
N/A
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AGOX vs. SPMO - Expense Ratio Comparison
AGOX has a 1.69% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
AGOX vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Adaptive Alpha Opportunities ETF (AGOX) 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
AGOX vs. SPMO - Dividend Comparison
AGOX's dividend yield for the trailing twelve months is around 0.24%, less than SPMO's 0.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGOX Adaptive Alpha Opportunities ETF | 0.24% | 0.27% | 0.20% | 3.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.28% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
AGOX vs. SPMO - Drawdown Comparison
The maximum AGOX drawdown since its inception was -27.73%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for AGOX and SPMO. For additional features, visit the drawdowns tool.
Volatility
AGOX vs. SPMO - Volatility Comparison
Adaptive Alpha Opportunities ETF (AGOX) and Invesco S&P 500® Momentum ETF (SPMO) have volatilities of 5.21% and 5.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.