Correlation
The correlation between BMVP and SPMO is 0.77, 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.
BMVP vs. SPMO
Compare and contrast key facts about Invesco Bloomberg MVP Multi-factor ETF (BMVP) and Invesco S&P 500® Momentum ETF (SPMO).
BMVP and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BMVP is a passively managed fund by Invesco that tracks the performance of the Bloomberg MVP Index. It was launched on May 1, 2003. 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. Both BMVP and SPMO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BMVP or SPMO.
Performance
BMVP vs. SPMO - Performance Comparison
Loading data...
Key characteristics
BMVP:
0.88
SPMO:
1.22
BMVP:
1.25
SPMO:
1.64
BMVP:
1.17
SPMO:
1.23
BMVP:
0.82
SPMO:
1.39
BMVP:
2.75
SPMO:
5.03
BMVP:
4.51%
SPMO:
5.58%
BMVP:
15.03%
SPMO:
25.08%
BMVP:
-52.66%
SPMO:
-30.95%
BMVP:
-4.48%
SPMO:
0.00%
Returns By Period
In the year-to-date period, BMVP achieves a 3.12% return, which is significantly lower than SPMO's 11.09% return.
BMVP
3.12%
3.07%
-4.48%
13.15%
12.97%
12.19%
8.04%
SPMO
11.09%
11.40%
9.23%
30.41%
24.56%
21.21%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BMVP vs. SPMO - Expense Ratio Comparison
BMVP has a 0.29% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
BMVP vs. SPMO — Risk-Adjusted Performance Rank
BMVP
SPMO
BMVP vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg MVP Multi-factor ETF (BMVP) 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.
Loading data...
Dividends
BMVP vs. SPMO - Dividend Comparison
BMVP's dividend yield for the trailing twelve months is around 1.73%, more than SPMO's 0.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMVP Invesco Bloomberg MVP Multi-factor ETF | 1.73% | 1.58% | 1.66% | 1.51% | 0.56% | 1.09% | 0.96% | 1.44% | 1.75% | 1.35% | 1.02% | 0.82% |
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
BMVP vs. SPMO - Drawdown Comparison
The maximum BMVP drawdown since its inception was -52.66%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for BMVP and SPMO.
Loading data...
Volatility
BMVP vs. SPMO - Volatility Comparison
The current volatility for Invesco Bloomberg MVP Multi-factor ETF (BMVP) is 3.35%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.51%. This indicates that BMVP 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.
Loading data...