ANEW vs. SPMO
Compare and contrast key facts about ProShares MSCI Transformational Changes ETF (ANEW) and Invesco S&P 500® Momentum ETF (SPMO).
ANEW and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ANEW is a passively managed fund by ProShares that tracks the performance of the MSCI Global Transformational Changes Index. It was launched on Oct 14, 2020. 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. Both ANEW and SPMO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ANEW or SPMO.
Key characteristics
| ANEW | SPMO | |
|---|---|---|
| YTD Return | 19.66% | 44.22% |
| 1Y Return | 37.94% | 67.44% |
| 3Y Return (Ann) | 0.21% | 15.45% |
| Sharpe Ratio | 2.68 | 3.68 |
| Sortino Ratio | 3.67 | 4.64 |
| Omega Ratio | 1.47 | 1.64 |
| Calmar Ratio | 1.13 | 4.95 |
| Martin Ratio | 18.28 | 20.68 |
| Ulcer Index | 1.98% | 3.15% |
| Daily Std Dev | 13.52% | 17.65% |
| Max Drawdown | -39.87% | -30.95% |
| Current Drawdown | -3.27% | -0.06% |
Correlation
The correlation between ANEW and SPMO is 0.76, 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
ANEW vs. SPMO - Performance Comparison
In the year-to-date period, ANEW achieves a 19.66% return, which is significantly lower than SPMO's 44.22% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ANEW vs. SPMO - Expense Ratio Comparison
ANEW has a 0.45% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
ANEW vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Transformational Changes ETF (ANEW) 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
ANEW vs. SPMO - Dividend Comparison
ANEW's dividend yield for the trailing twelve months is around 0.57%, more than SPMO's 0.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANEW ProShares MSCI Transformational Changes ETF | 0.57% | 0.87% | 1.05% | 0.24% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.46% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
ANEW vs. SPMO - Drawdown Comparison
The maximum ANEW drawdown since its inception was -39.87%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for ANEW and SPMO. For additional features, visit the drawdowns tool.
Volatility
ANEW vs. SPMO - Volatility Comparison
ProShares MSCI Transformational Changes ETF (ANEW) has a higher volatility of 3.38% compared to Invesco S&P 500® Momentum ETF (SPMO) at 3.10%. This indicates that ANEW'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.