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.
Key characteristics
| DAVE | SPMO | |
|---|---|---|
| YTD Return | 532.08% | 48.40% |
| 1Y Return | 804.44% | 64.75% |
| 3Y Return (Ann) | -45.10% | 15.66% |
| Sharpe Ratio | 6.88 | 3.58 |
| Sortino Ratio | 5.18 | 4.57 |
| Omega Ratio | 1.65 | 1.63 |
| Calmar Ratio | 7.85 | 4.84 |
| Martin Ratio | 37.27 | 20.15 |
| Ulcer Index | 20.82% | 3.16% |
| Daily Std Dev | 112.83% | 17.80% |
| Max Drawdown | -99.01% | -30.95% |
| Current Drawdown | -88.42% | 0.00% |
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.
Performance
DAVE vs. SPMO - Performance Comparison
In the year-to-date period, DAVE achieves a 532.08% return, which is significantly higher than SPMO's 48.40% 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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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 0.44%.
| 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 | 0.44% | 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 31.77% compared to Invesco S&P 500® Momentum ETF (SPMO) at 4.88%. 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.