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.
Correlation
The correlation between DAVE and SPMO is 0.23, 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
DAVE vs. SPMO - Performance Comparison
Key characteristics
DAVE:
2.79
SPMO:
1.95
DAVE:
3.67
SPMO:
2.60
DAVE:
1.45
SPMO:
1.35
DAVE:
3.35
SPMO:
2.72
DAVE:
14.91
SPMO:
10.96
DAVE:
21.40%
SPMO:
3.27%
DAVE:
114.31%
SPMO:
18.45%
DAVE:
-99.01%
SPMO:
-30.95%
DAVE:
-77.95%
SPMO:
-3.24%
Returns By Period
In the year-to-date period, DAVE achieves a 16.08% return, which is significantly higher than SPMO's 5.16% return.
DAVE
16.08%
8.46%
155.83%
327.91%
N/A
N/A
SPMO
5.16%
-1.51%
11.81%
31.20%
19.68%
N/A
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Risk-Adjusted Performance
DAVE vs. SPMO — Risk-Adjusted Performance Rank
DAVE
SPMO
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 0.46%.
| TTM | 2024 | 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% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.46% | 0.48% | 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 21.26% compared to Invesco S&P 500® Momentum ETF (SPMO) at 5.15%. 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.