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.
Correlation
The correlation between CBSE and SPMO is 0.78, 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
CBSE vs. SPMO - Performance Comparison
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Key characteristics
CBSE:
0.29
SPMO:
1.01
CBSE:
0.67
SPMO:
1.50
CBSE:
1.09
SPMO:
1.22
CBSE:
0.35
SPMO:
1.24
CBSE:
1.09
SPMO:
4.48
CBSE:
9.48%
SPMO:
5.57%
CBSE:
27.28%
SPMO:
24.70%
CBSE:
-36.30%
SPMO:
-30.95%
CBSE:
-15.44%
SPMO:
-4.45%
Returns By Period
In the year-to-date period, CBSE achieves a -5.92% return, which is significantly lower than SPMO's 3.85% return.
CBSE
-5.92%
12.96%
-5.51%
7.63%
N/A
N/A
SPMO
3.85%
11.52%
2.04%
24.48%
20.56%
N/A
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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.
Risk-Adjusted Performance
CBSE vs. SPMO — Risk-Adjusted Performance Rank
CBSE
SPMO
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.
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Dividends
CBSE vs. SPMO - Dividend Comparison
CBSE's dividend yield for the trailing twelve months is around 0.40%, less than SPMO's 0.52% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CBSE Changebridge Capital Sustainable Equity ETF | 0.40% | 0.37% | 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 | 0.52% | 0.48% | 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.
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Volatility
CBSE vs. SPMO - Volatility Comparison
The current volatility for Changebridge Capital Sustainable Equity ETF (CBSE) is 6.37%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 8.06%. This indicates that CBSE 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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