ATEC vs. XMMO
Compare and contrast key facts about Alphatec Holdings, Inc. (ATEC) and Invesco S&P MidCap Momentum ETF (XMMO).
XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ATEC or XMMO.
Key characteristics
| ATEC | XMMO | |
|---|---|---|
| YTD Return | -44.67% | 35.77% |
| 1Y Return | -19.31% | 53.67% |
| 3Y Return (Ann) | -13.62% | 9.24% |
| 5Y Return (Ann) | 4.11% | 16.73% |
| 10Y Return (Ann) | -6.69% | 15.33% |
| Sharpe Ratio | -0.20 | 2.92 |
| Sortino Ratio | 0.23 | 3.95 |
| Omega Ratio | 1.04 | 1.49 |
| Calmar Ratio | -0.16 | 3.52 |
| Martin Ratio | -0.38 | 19.64 |
| Ulcer Index | 39.02% | 2.88% |
| Daily Std Dev | 74.19% | 19.32% |
| Max Drawdown | -98.90% | -55.37% |
| Current Drawdown | -92.24% | -2.70% |
Correlation
The correlation between ATEC and XMMO is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ATEC vs. XMMO - Performance Comparison
In the year-to-date period, ATEC achieves a -44.67% return, which is significantly lower than XMMO's 35.77% return. Over the past 10 years, ATEC has underperformed XMMO with an annualized return of -6.69%, while XMMO has yielded a comparatively higher 15.33% annualized 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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Risk-Adjusted Performance
ATEC vs. XMMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphatec Holdings, Inc. (ATEC) and Invesco S&P MidCap Momentum ETF (XMMO). 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
ATEC vs. XMMO - Dividend Comparison
ATEC has not paid dividends to shareholders, while XMMO's dividend yield for the trailing twelve months is around 0.32%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATEC Alphatec Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XMMO Invesco S&P MidCap Momentum ETF | 0.32% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% | 1.24% | 1.30% |
Drawdowns
ATEC vs. XMMO - Drawdown Comparison
The maximum ATEC drawdown since its inception was -98.90%, which is greater than XMMO's maximum drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for ATEC and XMMO. For additional features, visit the drawdowns tool.
Volatility
ATEC vs. XMMO - Volatility Comparison
Alphatec Holdings, Inc. (ATEC) has a higher volatility of 36.49% compared to Invesco S&P MidCap Momentum ETF (XMMO) at 3.89%. This indicates that ATEC's price experiences larger fluctuations and is considered to be riskier than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.