CPBYX vs. SPMO
Compare and contrast key facts about Invesco Core Plus Bond Fund (CPBYX) and Invesco S&P 500® Momentum ETF (SPMO).
CPBYX is managed by Invesco. It was launched on Jun 3, 2009. 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: CPBYX or SPMO.
Correlation
The correlation between CPBYX and SPMO is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CPBYX vs. SPMO - Performance Comparison
Key characteristics
CPBYX:
1.28
SPMO:
2.23
CPBYX:
1.89
SPMO:
2.94
CPBYX:
1.23
SPMO:
1.39
CPBYX:
0.43
SPMO:
3.12
CPBYX:
3.62
SPMO:
12.56
CPBYX:
1.73%
SPMO:
3.27%
CPBYX:
4.88%
SPMO:
18.36%
CPBYX:
-22.56%
SPMO:
-30.95%
CPBYX:
-8.51%
SPMO:
-0.19%
Returns By Period
In the year-to-date period, CPBYX achieves a 0.96% return, which is significantly lower than SPMO's 8.47% return.
CPBYX
0.96%
1.40%
0.24%
5.67%
-0.45%
1.81%
SPMO
8.47%
5.95%
16.92%
37.83%
19.51%
N/A
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CPBYX vs. SPMO - Expense Ratio Comparison
CPBYX has a 0.50% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
CPBYX vs. SPMO — Risk-Adjusted Performance Rank
CPBYX
SPMO
CPBYX vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Core Plus Bond Fund (CPBYX) 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
CPBYX vs. SPMO - Dividend Comparison
CPBYX's dividend yield for the trailing twelve months is around 4.86%, more than SPMO's 0.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPBYX Invesco Core Plus Bond Fund | 4.86% | 4.88% | 4.67% | 3.71% | 2.18% | 2.81% | 3.55% | 3.76% | 3.08% | 3.06% | 3.84% | 4.33% |
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% | 0.00% |
Drawdowns
CPBYX vs. SPMO - Drawdown Comparison
The maximum CPBYX drawdown since its inception was -22.56%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for CPBYX and SPMO. For additional features, visit the drawdowns tool.
Volatility
CPBYX vs. SPMO - Volatility Comparison
The current volatility for Invesco Core Plus Bond Fund (CPBYX) is 1.12%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 4.83%. This indicates that CPBYX 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.