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ATFV vs. SPMO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

ATFV vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger 35 ETF (ATFV) and Invesco S&P 500® Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

-15.00%-10.00%-5.00%0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
18.20%
16.28%
ATFV
SPMO

Returns By Period

The year-to-date returns for both investments are quite close, with ATFV having a 45.42% return and SPMO slightly higher at 46.40%.


ATFV

YTD

45.42%

1M

9.87%

6M

18.19%

1Y

57.05%

5Y (annualized)

N/A

10Y (annualized)

N/A

SPMO

YTD

46.40%

1M

2.79%

6M

16.29%

1Y

54.82%

5Y (annualized)

20.23%

10Y (annualized)

N/A

Key characteristics


ATFVSPMO
Sharpe Ratio2.653.09
Sortino Ratio3.294.02
Omega Ratio1.431.55
Calmar Ratio1.814.17
Martin Ratio14.7217.27
Ulcer Index3.87%3.17%
Daily Std Dev21.53%17.74%
Max Drawdown-45.34%-30.95%
Current Drawdown0.00%-1.35%

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ATFV vs. SPMO - Expense Ratio Comparison

ATFV has a 0.55% expense ratio, which is higher than SPMO's 0.13% expense ratio.


ATFV
Alger 35 ETF
Expense ratio chart for ATFV: current value at 0.55% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.55%
Expense ratio chart for SPMO: current value at 0.13% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.13%

Correlation

-0.50.00.51.00.7

The correlation between ATFV and SPMO is 0.73, 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.

Risk-Adjusted Performance

ATFV vs. SPMO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger 35 ETF (ATFV) 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.


Sharpe ratio
The chart of Sharpe ratio for ATFV, currently valued at 2.65, compared to the broader market0.002.004.002.653.09
The chart of Sortino ratio for ATFV, currently valued at 3.29, compared to the broader market-2.000.002.004.006.008.0010.0012.003.294.02
The chart of Omega ratio for ATFV, currently valued at 1.43, compared to the broader market0.501.001.502.002.503.001.431.55
The chart of Calmar ratio for ATFV, currently valued at 1.81, compared to the broader market0.005.0010.0015.0020.001.814.17
The chart of Martin ratio for ATFV, currently valued at 14.72, compared to the broader market0.0020.0040.0060.0080.00100.00120.0014.7217.27
ATFV
SPMO

The current ATFV Sharpe Ratio is 2.65, which is comparable to the SPMO Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of ATFV and SPMO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.002.003.004.005.00JuneJulyAugustSeptemberOctoberNovember
2.65
3.09
ATFV
SPMO

Dividends

ATFV vs. SPMO - Dividend Comparison

ATFV's dividend yield for the trailing twelve months is around 0.01%, less than SPMO's 0.45% yield.


TTM202320222021202020192018201720162015
ATFV
Alger 35 ETF
0.01%0.01%0.05%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPMO
Invesco S&P 500® Momentum ETF
0.45%1.63%1.66%0.52%1.27%1.39%1.05%0.77%1.94%0.36%

Drawdowns

ATFV vs. SPMO - Drawdown Comparison

The maximum ATFV drawdown since its inception was -45.34%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for ATFV and SPMO. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-1.35%
ATFV
SPMO

Volatility

ATFV vs. SPMO - Volatility Comparison

Alger 35 ETF (ATFV) has a higher volatility of 6.01% compared to Invesco S&P 500® Momentum ETF (SPMO) at 5.07%. This indicates that ATFV'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.


4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
6.01%
5.07%
ATFV
SPMO