AMOMX vs. SPLG
Compare and contrast key facts about AQR Large Cap Momentum Style Fund (AMOMX) and SPDR Portfolio S&P 500 ETF (SPLG).
AMOMX is managed by AQR Funds. It was launched on Jul 9, 2009. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMOMX or SPLG.
Correlation
The correlation between AMOMX and SPLG is 0.85, 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
AMOMX vs. SPLG - Performance Comparison
Key characteristics
AMOMX:
0.83
SPLG:
2.13
AMOMX:
1.09
SPLG:
2.83
AMOMX:
1.19
SPLG:
1.39
AMOMX:
0.53
SPLG:
3.22
AMOMX:
3.25
SPLG:
13.44
AMOMX:
5.34%
SPLG:
2.02%
AMOMX:
20.85%
SPLG:
12.73%
AMOMX:
-39.97%
SPLG:
-54.52%
AMOMX:
-21.10%
SPLG:
-0.31%
Returns By Period
In the year-to-date period, AMOMX achieves a 6.93% return, which is significantly higher than SPLG's 3.73% return. Over the past 10 years, AMOMX has underperformed SPLG with an annualized return of 2.10%, while SPLG has yielded a comparatively higher 13.71% annualized return.
AMOMX
6.93%
3.96%
3.46%
16.66%
1.71%
2.10%
SPLG
3.73%
1.10%
12.46%
26.44%
15.30%
13.71%
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AMOMX vs. SPLG - Expense Ratio Comparison
AMOMX has a 0.41% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
AMOMX vs. SPLG — Risk-Adjusted Performance Rank
AMOMX
SPLG
AMOMX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Large Cap Momentum Style Fund (AMOMX) and SPDR Portfolio S&P 500 ETF (SPLG). 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
AMOMX vs. SPLG - Dividend Comparison
AMOMX's dividend yield for the trailing twelve months is around 0.86%, less than SPLG's 1.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMOMX AQR Large Cap Momentum Style Fund | 0.86% | 0.92% | 1.11% | 1.29% | 0.51% | 0.72% | 1.14% | 1.20% | 0.97% | 1.67% | 1.05% | 0.65% |
SPLG SPDR Portfolio S&P 500 ETF | 1.23% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
AMOMX vs. SPLG - Drawdown Comparison
The maximum AMOMX drawdown since its inception was -39.97%, smaller than the maximum SPLG drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for AMOMX and SPLG. For additional features, visit the drawdowns tool.
Volatility
AMOMX vs. SPLG - Volatility Comparison
AQR Large Cap Momentum Style Fund (AMOMX) has a higher volatility of 4.48% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 3.95%. This indicates that AMOMX's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.