CNM vs. SPMO
Compare and contrast key facts about Core & Main, Inc. (CNM) and Invesco S&P 500® Momentum ETF (SPMO).
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: CNM or SPMO.
Performance
CNM vs. SPMO - Performance Comparison
Returns By Period
In the year-to-date period, CNM achieves a 11.16% return, which is significantly lower than SPMO's 44.93% return.
CNM
11.16%
-3.85%
-25.91%
31.88%
N/A
N/A
SPMO
44.93%
0.58%
16.38%
52.65%
19.99%
N/A
Key characteristics
| CNM | SPMO | |
|---|---|---|
| Sharpe Ratio | 0.84 | 3.05 |
| Sortino Ratio | 1.21 | 3.99 |
| Omega Ratio | 1.19 | 1.54 |
| Calmar Ratio | 0.84 | 4.12 |
| Martin Ratio | 1.89 | 17.09 |
| Ulcer Index | 17.22% | 3.18% |
| Daily Std Dev | 38.65% | 17.76% |
| Max Drawdown | -40.00% | -30.95% |
| Current Drawdown | -27.58% | -2.34% |
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Correlation
The correlation between CNM and SPMO is 0.47, 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
CNM vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Core & Main, Inc. (CNM) 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
CNM vs. SPMO - Dividend Comparison
CNM has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.45%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNM Core & Main, Inc. | 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 | 0.45% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
CNM vs. SPMO - Drawdown Comparison
The maximum CNM drawdown since its inception was -40.00%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for CNM and SPMO. For additional features, visit the drawdowns tool.
Volatility
CNM vs. SPMO - Volatility Comparison
Core & Main, Inc. (CNM) has a higher volatility of 10.73% compared to Invesco S&P 500® Momentum ETF (SPMO) at 5.14%. This indicates that CNM's price experiences larger fluctuations and is considered to be riskier than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.