BLX vs. SPMO
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.
Performance
BLX vs. SPMO - Performance Comparison
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BLX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BLX Banco Latinoamericano de Comercio Exterior, S.A | 17.18% | 33.06% | 53.73% | 60.61% | 4.31% | 11.50% | -19.47% | 33.06% | -31.32% | -3.40% |
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Returns By Period
In the year-to-date period, BLX achieves a 17.18% return, which is significantly higher than SPMO's -3.77% return. Over the past 10 years, BLX has underperformed SPMO with an annualized return of 15.06%, while SPMO has yielded a comparatively higher 17.41% annualized return.
BLX
- 1D
- 0.90%
- 1M
- 2.57%
- YTD
- 17.18%
- 6M
- 16.29%
- 1Y
- 48.34%
- 3Y*
- 52.40%
- 5Y*
- 35.61%
- 10Y*
- 15.06%
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
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Return for Risk
BLX vs. SPMO — Risk / Return Rank
BLX
SPMO
BLX vs. SPMO - Risk-Adjusted Trends 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.
| BLX | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | 1.06 | +0.93 |
Sortino ratioReturn per unit of downside risk | 2.72 | 1.60 | +1.12 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.24 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.96 | 1.96 | +2.00 |
Martin ratioReturn relative to average drawdown | 10.32 | 6.90 | +3.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BLX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.06 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.40 | 0.93 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.87 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.86 | -0.65 |
Correlation
The correlation between BLX and SPMO is 0.28, 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.
Dividends
BLX vs. SPMO - Dividend Comparison
BLX's dividend yield for the trailing twelve months is around 4.97%, more than SPMO's 0.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLX Banco Latinoamericano de Comercio Exterior, S.A | 4.97% | 5.61% | 5.62% | 4.04% | 6.17% | 6.02% | 7.17% | 7.20% | 8.90% | 5.72% | 5.23% | 4.96% |
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
BLX vs. SPMO - Drawdown Comparison
The maximum BLX drawdown since its inception was -95.88%, 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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Drawdown Indicators
| BLX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.88% | -30.95% | -64.93% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -12.70% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -30.88% | -22.74% | -8.14% |
Max Drawdown (10Y)Largest decline over 10 years | -68.51% | -30.95% | -37.56% |
Current DrawdownCurrent decline from peak | 0.00% | -7.31% | +7.31% |
Average DrawdownAverage peak-to-trough decline | -33.08% | -4.66% | -28.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.76% | 3.60% | +1.16% |
Volatility
BLX vs. SPMO - Volatility Comparison
The current volatility for Banco Latinoamericano de Comercio Exterior, S.A (BLX) is 6.62%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.22%. This indicates that BLX experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.62% | 7.22% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 15.57% | 12.80% | +2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.43% | 22.77% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.58% | 19.08% | +6.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.12% | 20.09% | +12.03% |