CBSE vs. SPMO
Compare and contrast key facts about Changebridge Capital Sustainable Equity ETF (CBSE) and Invesco S&P 500® Momentum ETF (SPMO).
CBSE and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CBSE is an actively managed fund by Changebridge Capital LLC. It was launched on Nov 13, 2020. 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: CBSE or SPMO.
Performance
CBSE vs. SPMO - Performance Comparison
Returns By Period
In the year-to-date period, CBSE achieves a 29.72% return, which is significantly lower than SPMO's 43.82% return.
CBSE
29.72%
2.65%
7.38%
44.56%
N/A
N/A
SPMO
43.82%
0.25%
16.47%
53.99%
19.76%
N/A
Key characteristics
| CBSE | SPMO | |
|---|---|---|
| Sharpe Ratio | 2.46 | 3.03 |
| Sortino Ratio | 3.16 | 3.96 |
| Omega Ratio | 1.41 | 1.54 |
| Calmar Ratio | 1.71 | 4.09 |
| Martin Ratio | 10.20 | 17.02 |
| Ulcer Index | 4.43% | 3.17% |
| Daily Std Dev | 18.37% | 17.76% |
| Max Drawdown | -36.30% | -30.95% |
| Current Drawdown | -2.50% | -3.09% |
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CBSE vs. SPMO - Expense Ratio Comparison
CBSE has a 0.85% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Correlation
The correlation between CBSE and SPMO is 0.66, 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.
Risk-Adjusted Performance
CBSE vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Changebridge Capital Sustainable Equity ETF (CBSE) 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.
Dividends
CBSE vs. SPMO - Dividend Comparison
CBSE's dividend yield for the trailing twelve months is around 1.15%, more than SPMO's 0.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBSE Changebridge Capital Sustainable Equity ETF | 1.15% | 1.50% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.46% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
CBSE vs. SPMO - Drawdown Comparison
The maximum CBSE drawdown since its inception was -36.30%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for CBSE and SPMO. For additional features, visit the drawdowns tool.
Volatility
CBSE vs. SPMO - Volatility Comparison
Changebridge Capital Sustainable Equity ETF (CBSE) and Invesco S&P 500® Momentum ETF (SPMO) have volatilities of 5.16% and 5.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.