AOTG vs. SPMO
Compare and contrast key facts about AOT Growth and Innovation ETF (AOTG) and Invesco S&P 500® Momentum ETF (SPMO).
AOTG and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AOTG is an actively managed fund by AOT. It was launched on Jun 28, 2022. 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: AOTG or SPMO.
Key characteristics
| AOTG | SPMO | |
|---|---|---|
| YTD Return | 27.48% | 44.22% |
| 1Y Return | 50.72% | 67.44% |
| Sharpe Ratio | 2.14 | 3.68 |
| Sortino Ratio | 2.69 | 4.64 |
| Omega Ratio | 1.37 | 1.64 |
| Calmar Ratio | 2.68 | 4.95 |
| Martin Ratio | 12.65 | 20.68 |
| Ulcer Index | 3.80% | 3.15% |
| Daily Std Dev | 22.35% | 17.65% |
| Max Drawdown | -31.62% | -30.95% |
| Current Drawdown | 0.00% | -0.06% |
Correlation
The correlation between AOTG and SPMO is 0.60, 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
AOTG vs. SPMO - Performance Comparison
In the year-to-date period, AOTG achieves a 27.48% 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.
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AOTG vs. SPMO - Expense Ratio Comparison
AOTG has a 0.75% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
AOTG vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AOT Growth and Innovation ETF (AOTG) 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
AOTG vs. SPMO - Dividend Comparison
AOTG has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.46%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOTG AOT Growth and Innovation ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
AOTG vs. SPMO - Drawdown Comparison
The maximum AOTG drawdown since its inception was -31.62%, roughly equal to the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for AOTG and SPMO. For additional features, visit the drawdowns tool.
Volatility
AOTG vs. SPMO - Volatility Comparison
AOT Growth and Innovation ETF (AOTG) has a higher volatility of 3.87% compared to Invesco S&P 500® Momentum ETF (SPMO) at 3.10%. This indicates that AOTG'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.