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.
Performance
CPBYX vs. SPMO - Performance Comparison
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CPBYX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPBYX Invesco Core Plus Bond Fund | -0.53% | 7.38% | 3.52% | 5.51% | -14.41% | -0.34% | 9.85% | 12.26% | -2.43% | 5.38% |
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Returns By Period
In the year-to-date period, CPBYX achieves a -0.53% return, which is significantly higher than SPMO's -3.77% return. Over the past 10 years, CPBYX has underperformed SPMO with an annualized return of 2.61%, while SPMO has yielded a comparatively higher 17.41% annualized return.
CPBYX
- 1D
- 0.33%
- 1M
- -1.91%
- YTD
- -0.53%
- 6M
- 0.30%
- 1Y
- 4.15%
- 3Y*
- 4.54%
- 5Y*
- 0.29%
- 10Y*
- 2.61%
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
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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.
Return for Risk
CPBYX vs. SPMO — Risk / Return Rank
CPBYX
SPMO
CPBYX vs. SPMO - Risk-Adjusted Trends 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.
| CPBYX | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.06 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.60 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.96 | -0.17 |
Martin ratioReturn relative to average drawdown | 5.53 | 6.90 | -1.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CPBYX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.06 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.93 | -0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.87 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.86 | -0.02 |
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.
Dividends
CPBYX vs. SPMO - Dividend Comparison
CPBYX's dividend yield for the trailing twelve months is around 4.30%, more than SPMO's 0.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPBYX Invesco Core Plus Bond Fund | 4.30% | 4.68% | 4.90% | 3.87% | 3.76% | 3.16% | 5.94% | 4.13% | 3.74% | 3.10% | 3.20% | 3.81% |
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
CPBYX vs. SPMO - Drawdown Comparison
The maximum CPBYX drawdown since its inception was -20.73%, 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.
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Drawdown Indicators
| CPBYX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.73% | -30.95% | +10.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -12.70% | +9.63% |
Max Drawdown (5Y)Largest decline over 5 years | -20.73% | -22.74% | +2.01% |
Max Drawdown (10Y)Largest decline over 10 years | -20.73% | -30.95% | +10.22% |
Current DrawdownCurrent decline from peak | -2.33% | -7.31% | +4.98% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -4.66% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 3.60% | -2.61% |
Volatility
CPBYX vs. SPMO - Volatility Comparison
The current volatility for Invesco Core Plus Bond Fund (CPBYX) is 1.44%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.22%. 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.
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Volatility by Period
| CPBYX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 7.22% | -5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 12.80% | -10.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 22.77% | -18.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 19.08% | -13.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 20.09% | -15.43% |