CBT vs. SPMO
CBT (Cabot Corporation) is a stock, while SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index. Over the past 10 years, CBT returned 9.06%/yr vs 19.57%/yr for SPMO. Their 0.38 correlation means their historical movements had little consistent relationship.
Performance
CBT vs. SPMO - Performance Comparison
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Returns By Period
In the year-to-date period, CBT achieves a 34.32% return, which is significantly higher than SPMO's 21.07% return. Over the past 10 years, CBT has underperformed SPMO with an annualized return of 9.06%, while SPMO has yielded a comparatively higher 19.57% annualized return.
CBT
- 1D
- -0.24%
- 1M
- 1.93%
- 6M
- 23.32%
- YTD
- 34.32%
- 1Y
- 25.21%
- 3Y*
- 9.92%
- 5Y*
- 12.21%
- 10Y*
- 9.06%
- ALL TIME*
- 8.73%
SPMO
- 1D
- 0.29%
- 1M
- -4.64%
- 6M
- 20.51%
- YTD
- 21.07%
- 1Y
- 28.09%
- 3Y*
- 37.36%
- 5Y*
- 20.21%
- 10Y*
- 19.57%
- ALL TIME*
- 18.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $34.20M | $35.90M | $45.75M | |
| $331.54M | $346.70M | $350.59M |
CBT vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBT Cabot Corporation | 34.32% | -25.68% | 11.25% | 27.63% | 21.38% | 28.40% | -2.16% | 14.25% | -28.70% | 24.65% |
SPMO Invesco S&P 500 Momentum ETF | 21.07% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Correlation
The correlation between CBT and SPMO is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015 | 0.38 |
Over the past year, the correlation between CBT and SPMO has dropped to 0.16 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
CBT vs. SPMO — Risk / Return Rank
CBT
SPMO
CBT vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cabot Corporation (CBT) 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.
| CBT | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.63 | -0.76 |
| Martin ratioReturn relative to average drawdown | 2.07 | 5.93 | -3.87 |
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Drawdowns
CBT vs. SPMO - Drawdown Comparison
The maximum CBT drawdown since its inception was -82.87%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for CBT and SPMO.
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Drawdown Indicators
| CBT | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.87% | -30.95% | -51.92% |
Max Drawdown (1Y)Largest decline over 1 year | -28.82% | -15.64% | -13.18% |
Max Drawdown (3Y)Largest decline over 3 years | -48.78% | -20.13% | -28.65% |
Max Drawdown (5Y)Largest decline over 5 years | -48.78% | -22.74% | -26.04% |
Max Drawdown (10Y)Largest decline over 10 years | -67.20% | -30.95% | -36.25% |
Current DrawdownCurrent decline from peak | -21.78% | -11.03% | -10.75% |
Average DrawdownAverage peak-to-trough decline | -20.83% | -4.62% | -16.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.06% | 4.29% | +7.77% |
Volatility
CBT vs. SPMO - Volatility Comparison
The current volatility for Cabot Corporation (CBT) is 9.01%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 10.53%. This indicates that CBT 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
| CBT | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.01% | 10.53% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 24.52% | 21.52% | +3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.48% | 23.90% | +9.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.74% | 20.60% | +13.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.31% | 20.92% | +14.39% |
Dividends
CBT vs. SPMO - Dividend Comparison
CBT's dividend yield for the trailing twelve months is around 2.07%, more than SPMO's 0.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBT Cabot Corporation | 2.07% | 2.69% | 1.85% | 1.88% | 2.21% | 2.53% | 3.12% | 2.90% | 3.04% | 2.02% | 2.22% | 2.15% |
SPMO Invesco S&P 500 Momentum ETF | 0.73% | 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
CBT and SPMO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (10.53%) compared to CBT (9.01%). In terms of maximum drawdown, CBT dropped -82.87% vs SPMO's -30.95%.
SPMO currently has the higher Sharpe Ratio (1.07 vs 0.75), 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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