BTSG vs. SPMO
BTSG (BrightSpring Health Services, Inc) is a stock, while SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index. Over the past year, BTSG returned 193.54% vs 43.55% for SPMO. At a 0.35 correlation, their price movements are largely independent.
Performance
BTSG vs. SPMO - Performance Comparison
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Returns By Period
In the year-to-date period, BTSG achieves a 78.48% return, which is significantly higher than SPMO's 29.91% return.
BTSG
- 1D
- -0.54%
- 1M
- 14.26%
- YTD
- 78.48%
- 6M
- 76.92%
- 1Y
- 193.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPMO
- 1D
- -4.53%
- 1M
- 6.65%
- YTD
- 29.91%
- 6M
- 28.13%
- 1Y
- 43.55%
- 3Y*
- 42.47%
- 5Y*
- 22.89%
- 10Y*
- 21.03%
BTSG vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTSG BrightSpring Health Services, Inc | 78.48% | 119.91% | 41.92% |
SPMO Invesco S&P 500 Momentum ETF | 29.91% | 26.58% | 37.32% |
Correlation
The correlation between BTSG and SPMO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024 | 0.35 |
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Return for Risk
BTSG vs. SPMO — Risk / Return Rank
BTSG
SPMO
BTSG vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BrightSpring Health Services, Inc (BTSG) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BTSG | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.39 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 10.86 | 3.45 | +7.42 |
| Martin ratioReturn relative to average drawdown | 36.86 | 12.97 | +23.88 |
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Drawdowns
BTSG vs. SPMO - Drawdown Comparison
The maximum BTSG drawdown since its inception was -35.56%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for BTSG and SPMO.
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Drawdown Indicators
| BTSG | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.56% | -30.95% | -4.61% |
Max Drawdown (1Y)Largest decline over 1 year | -17.93% | -12.70% | -5.23% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -0.54% | -4.53% | +3.99% |
Average DrawdownAverage peak-to-trough decline | -7.70% | -4.59% | -3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.28% | 3.37% | +1.91% |
Volatility
BTSG vs. SPMO - Volatility Comparison
The current volatility for BrightSpring Health Services, Inc (BTSG) is 10.26%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 11.75%. This indicates that BTSG 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
| BTSG | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.26% | 11.75% | -1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 29.18% | 17.78% | +11.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.15% | 20.55% | +19.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.00% | 19.88% | +24.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.00% | 20.60% | +23.40% |
Dividends
BTSG vs. SPMO - Dividend Comparison
BTSG has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTSG BrightSpring Health Services, 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% |
SPMO Invesco S&P 500 Momentum ETF | 0.68% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Frequently Asked Questions
BTSG and SPMO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (11.75%) compared to BTSG (10.26%). In terms of maximum drawdown, BTSG dropped -35.56% vs SPMO's -30.95%.
BTSG currently has the higher Sharpe Ratio (4.86 vs 2.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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