CSD vs. SPMO
Compare and contrast key facts about Invesco S&P Spin-Off ETF (CSD) and Invesco S&P 500® Momentum ETF (SPMO).
CSD and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CSD is a passively managed fund by Invesco that tracks the performance of the S&P U.S. Spin-Off TR. It was launched on Dec 15, 2006. 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. Both CSD and SPMO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CSD or SPMO.
Key characteristics
| CSD | SPMO | |
|---|---|---|
| YTD Return | 29.43% | 46.20% |
| 1Y Return | 43.05% | 56.43% |
| 3Y Return (Ann) | 9.54% | 15.07% |
| 5Y Return (Ann) | 12.43% | 20.17% |
| Sharpe Ratio | 2.26 | 3.15 |
| Sortino Ratio | 3.00 | 4.11 |
| Omega Ratio | 1.38 | 1.56 |
| Calmar Ratio | 3.37 | 4.23 |
| Martin Ratio | 14.66 | 17.63 |
| Ulcer Index | 2.94% | 3.16% |
| Daily Std Dev | 19.10% | 17.68% |
| Max Drawdown | -70.47% | -30.95% |
| Current Drawdown | -3.88% | -1.49% |
Correlation
The correlation between CSD and SPMO is 0.58, 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.
Performance
CSD vs. SPMO - Performance Comparison
In the year-to-date period, CSD achieves a 29.43% return, which is significantly lower than SPMO's 46.20% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CSD vs. SPMO - Expense Ratio Comparison
CSD has a 0.65% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
CSD vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Spin-Off ETF (CSD) 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
CSD vs. SPMO - Dividend Comparison
CSD's dividend yield for the trailing twelve months is around 0.40%, less than SPMO's 0.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSD Invesco S&P Spin-Off ETF | 0.40% | 0.51% | 0.86% | 0.73% | 0.99% | 1.08% | 0.99% | 0.60% | 1.62% | 2.61% | 1.64% | 0.19% |
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% | 0.00% | 0.00% |
Drawdowns
CSD vs. SPMO - Drawdown Comparison
The maximum CSD drawdown since its inception was -70.47%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for CSD and SPMO. For additional features, visit the drawdowns tool.
Volatility
CSD vs. SPMO - Volatility Comparison
Invesco S&P Spin-Off ETF (CSD) has a higher volatility of 5.91% compared to Invesco S&P 500® Momentum ETF (SPMO) at 4.81%. This indicates that CSD'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.