Correlation
The correlation between CPBYX and SPMO is 0.04, 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.
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.
Performance
CPBYX vs. SPMO - Performance Comparison
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Key characteristics
CPBYX:
1.20
SPMO:
1.22
CPBYX:
1.72
SPMO:
1.64
CPBYX:
1.21
SPMO:
1.23
CPBYX:
0.51
SPMO:
1.39
CPBYX:
3.21
SPMO:
5.03
CPBYX:
1.80%
SPMO:
5.58%
CPBYX:
4.96%
SPMO:
25.08%
CPBYX:
-20.72%
SPMO:
-30.95%
CPBYX:
-5.91%
SPMO:
0.00%
Returns By Period
In the year-to-date period, CPBYX achieves a 1.41% return, which is significantly lower than SPMO's 11.09% return.
CPBYX
1.41%
-0.44%
-0.03%
5.12%
2.23%
0.36%
2.23%
SPMO
11.09%
10.05%
9.23%
30.10%
24.56%
21.21%
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.
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Dividends
CPBYX vs. SPMO - Dividend Comparison
CPBYX's dividend yield for the trailing twelve months is around 4.50%, more than SPMO's 0.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPBYX Invesco Core Plus Bond Fund | 4.50% | 4.91% | 4.64% | 3.73% | 3.17% | 5.94% | 3.40% | 3.74% | 3.08% | 3.20% | 3.84% | 4.33% |
SPMO Invesco S&P 500® Momentum ETF | 0.48% | 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 -20.72%, 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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Volatility
CPBYX vs. SPMO - Volatility Comparison
The current volatility for Invesco Core Plus Bond Fund (CPBYX) is 1.34%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.51%. 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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