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

Correlation

The correlation between BLX and SPMO is 0.43, 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.

BLX vs. SPMO

Last updated May 31, 2025

Compare and contrast key facts about Banco Latinoamericano de Comercio Exterior, S.A (BLX) and Invesco S&P 500® Momentum ETF (SPMO).

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: BLX or SPMO.

Performance

BLX vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Banco Latinoamericano de Comercio Exterior, S.A (BLX) and Invesco S&P 500® Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BLX:

1.66

SPMO:

1.22

Sortino Ratio

BLX:

2.38

SPMO:

1.64

Omega Ratio

BLX:

1.30

SPMO:

1.23

Calmar Ratio

BLX:

2.27

SPMO:

1.39

Martin Ratio

BLX:

7.53

SPMO:

5.03

Ulcer Index

BLX:

6.33%

SPMO:

5.58%

Daily Std Dev

BLX:

28.84%

SPMO:

25.08%

Max Drawdown

BLX:

-95.52%

SPMO:

-30.95%

Current Drawdown

BLX:

-1.63%

SPMO:

0.00%

Returns By Period

In the year-to-date period, BLX achieves a 19.01% return, which is significantly higher than SPMO's 11.09% return.

BLX

YTD

19.01%

1M

8.78%

6M

24.25%

1Y

47.58%

3Y*

49.00%

5Y*

36.69%

10Y*

9.74%

SPMO

YTD

11.09%

1M

11.40%

6M

9.23%

1Y

30.41%

3Y*

24.56%

5Y*

21.21%

10Y*

N/A

*Annualized

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Banco Latinoamericano de Comercio Exterior, S.A

Invesco S&P 500® Momentum ETF

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

BLX vs. SPMO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BLX
The Risk-Adjusted Performance Rank of BLX is 9191
Overall Rank
The Sharpe Ratio Rank of BLX is 9292
Sharpe Ratio Rank
The Sortino Ratio Rank of BLX is 8989
Sortino Ratio Rank
The Omega Ratio Rank of BLX is 8787
Omega Ratio Rank
The Calmar Ratio Rank of BLX is 9494
Calmar Ratio Rank
The Martin Ratio Rank of BLX is 9191
Martin Ratio Rank
SPMO
The Risk-Adjusted Performance Rank of SPMO is 8484
Overall Rank
The Sharpe Ratio Rank of SPMO is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of SPMO is 8383
Sortino Ratio Rank
The Omega Ratio Rank of SPMO is 8484
Omega Ratio Rank
The Calmar Ratio Rank of SPMO is 8787
Calmar Ratio Rank
The Martin Ratio Rank of SPMO is 8383
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BLX vs. SPMO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Banco Latinoamericano de Comercio Exterior, S.A (BLX) 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.

The current BLX Sharpe Ratio is 1.66, which is higher than the SPMO Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of BLX 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.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

BLX vs. SPMO - Dividend Comparison

BLX's dividend yield for the trailing twelve months is around 5.49%, more than SPMO's 0.48% yield.

TTM20242023202220212020201920182017201620152014
BLX
Banco Latinoamericano de Comercio Exterior, S.A		5.49%5.62%4.04%6.17%6.02%7.17%7.20%8.90%5.72%5.23%4.45%5.93%
SPMO
Invesco S&P 500® Momentum ETF		0.48%0.48%1.63%1.66%0.52%1.27%1.39%1.05%0.77%1.94%0.36%0.00%

Drawdowns

BLX vs. SPMO - Drawdown Comparison

The maximum BLX drawdown since its inception was -95.52%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for BLX and SPMO.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

BLX vs. SPMO - Volatility Comparison

Banco Latinoamericano de Comercio Exterior, S.A (BLX) has a higher volatility of 6.14% compared to Invesco S&P 500® Momentum ETF (SPMO) at 5.51%. This indicates that BLX'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.

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