SPMO vs. BWTG
Compare and contrast key facts about Invesco S&P 500® Momentum ETF (SPMO) and Brendan Wood TopGun ETF (BWTG).
SPMO and BWTG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BWTG is an actively managed fund by Brendan Wood. It was launched on Nov 8, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPMO or BWTG.
Correlation
The correlation between SPMO and BWTG is 0.85, 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.
Performance
SPMO vs. BWTG - Performance Comparison
Key characteristics
SPMO:
2.23
BWTG:
1.49
SPMO:
2.94
BWTG:
2.15
SPMO:
1.39
BWTG:
1.26
SPMO:
3.12
BWTG:
2.34
SPMO:
12.56
BWTG:
7.75
SPMO:
3.27%
BWTG:
2.49%
SPMO:
18.36%
BWTG:
12.89%
SPMO:
-30.95%
BWTG:
-8.23%
SPMO:
-0.19%
BWTG:
-0.08%
Returns By Period
In the year-to-date period, SPMO achieves a 8.47% return, which is significantly higher than BWTG's 6.83% return.
SPMO
8.47%
5.95%
16.92%
37.83%
19.51%
N/A
BWTG
6.83%
5.02%
9.78%
17.19%
N/A
N/A
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SPMO vs. BWTG - Expense Ratio Comparison
SPMO has a 0.13% expense ratio, which is lower than BWTG's 0.95% expense ratio.
Risk-Adjusted Performance
SPMO vs. BWTG — Risk-Adjusted Performance Rank
SPMO
BWTG
SPMO vs. BWTG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Momentum ETF (SPMO) and Brendan Wood TopGun ETF (BWTG). 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.
Dividends
SPMO vs. BWTG - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.44%, more than BWTG's 0.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500® Momentum ETF | 0.44% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
BWTG Brendan Wood TopGun ETF | 0.23% | 0.25% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPMO vs. BWTG - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, which is greater than BWTG's maximum drawdown of -8.23%. Use the drawdown chart below to compare losses from any high point for SPMO and BWTG. For additional features, visit the drawdowns tool.
Volatility
SPMO vs. BWTG - Volatility Comparison
Invesco S&P 500® Momentum ETF (SPMO) has a higher volatility of 4.83% compared to Brendan Wood TopGun ETF (BWTG) at 3.08%. This indicates that SPMO's price experiences larger fluctuations and is considered to be riskier than BWTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.