AMOM vs. MEIAX
Compare and contrast key facts about QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) and MFS Value Fund (MEIAX).
AMOM is an actively managed fund by Exchange Traded Concepts. It was launched on May 21, 2019. MEIAX is managed by MFS. It was launched on Jan 2, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMOM or MEIAX.
Correlation
The correlation between AMOM and MEIAX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AMOM vs. MEIAX - Performance Comparison
Key characteristics
AMOM:
-0.39
MEIAX:
-0.57
AMOM:
-0.34
MEIAX:
-0.61
AMOM:
0.95
MEIAX:
0.90
AMOM:
-0.37
MEIAX:
-0.48
AMOM:
-1.32
MEIAX:
-1.39
AMOM:
8.55%
MEIAX:
6.05%
AMOM:
28.86%
MEIAX:
14.80%
AMOM:
-40.03%
MEIAX:
-52.28%
AMOM:
-30.26%
MEIAX:
-17.50%
Returns By Period
In the year-to-date period, AMOM achieves a -24.35% return, which is significantly lower than MEIAX's -5.42% return.
AMOM
-24.35%
-15.29%
-20.97%
-9.58%
14.35%
N/A
MEIAX
-5.42%
-9.10%
-14.63%
-7.58%
8.70%
4.74%
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AMOM vs. MEIAX - Expense Ratio Comparison
AMOM has a 0.75% expense ratio, which is lower than MEIAX's 0.80% expense ratio.
Risk-Adjusted Performance
AMOM vs. MEIAX — Risk-Adjusted Performance Rank
AMOM
MEIAX
AMOM vs. MEIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) and MFS Value Fund (MEIAX). 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
AMOM vs. MEIAX - Dividend Comparison
AMOM has not paid dividends to shareholders, while MEIAX's dividend yield for the trailing twelve months is around 1.75%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF | 0.00% | 0.00% | 0.47% | 0.72% | 0.14% | 24.32% | 5.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MEIAX MFS Value Fund | 1.75% | 1.61% | 1.54% | 1.69% | 1.15% | 1.39% | 1.72% | 1.84% | 1.32% | 1.78% | 6.23% | 5.09% |
Drawdowns
AMOM vs. MEIAX - Drawdown Comparison
The maximum AMOM drawdown since its inception was -40.03%, smaller than the maximum MEIAX drawdown of -52.28%. Use the drawdown chart below to compare losses from any high point for AMOM and MEIAX. For additional features, visit the drawdowns tool.
Volatility
AMOM vs. MEIAX - Volatility Comparison
QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) has a higher volatility of 13.75% compared to MFS Value Fund (MEIAX) at 7.86%. This indicates that AMOM's price experiences larger fluctuations and is considered to be riskier than MEIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.