DAVE vs. SPMO
Compare and contrast key facts about Dave Inc. (DAVE) 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: DAVE or SPMO.
Performance
DAVE vs. SPMO - Performance Comparison
Returns By Period
In the year-to-date period, DAVE achieves a 882.95% return, which is significantly higher than SPMO's 46.30% return.
DAVE
882.95%
92.44%
89.04%
1,371.79%
N/A
N/A
SPMO
46.30%
1.75%
17.41%
54.73%
20.23%
N/A
Key characteristics
| DAVE | SPMO | |
|---|---|---|
| Sharpe Ratio | 10.60 | 3.08 |
| Sortino Ratio | 6.15 | 4.01 |
| Omega Ratio | 1.79 | 1.55 |
| Calmar Ratio | 12.89 | 4.16 |
| Martin Ratio | 61.05 | 17.24 |
| Ulcer Index | 20.86% | 3.17% |
| Daily Std Dev | 120.16% | 17.74% |
| Max Drawdown | -99.01% | -30.95% |
| Current Drawdown | -81.99% | -1.41% |
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Correlation
The correlation between DAVE and SPMO is 0.21, 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.
Risk-Adjusted Performance
DAVE vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dave Inc. (DAVE) 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
DAVE vs. SPMO - Dividend Comparison
DAVE 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAVE Dave 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
DAVE vs. SPMO - Drawdown Comparison
The maximum DAVE drawdown since its inception was -99.01%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for DAVE and SPMO. For additional features, visit the drawdowns tool.
Volatility
DAVE vs. SPMO - Volatility Comparison
Dave Inc. (DAVE) has a higher volatility of 46.68% compared to Invesco S&P 500® Momentum ETF (SPMO) at 5.07%. This indicates that DAVE'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.