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 0.22, 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:
7.97
SPMO:
2.81
DAVE:
5.44
SPMO:
3.64
DAVE:
1.69
SPMO:
1.49
DAVE:
9.88
SPMO:
3.90
DAVE:
45.89
SPMO:
15.90
DAVE:
21.14%
SPMO:
3.23%
DAVE:
121.77%
SPMO:
18.27%
DAVE:
-99.01%
SPMO:
-30.95%
DAVE:
-80.36%
SPMO:
-1.64%
Returns By Period
In the year-to-date period, DAVE achieves a 3.39% return, which is significantly higher than SPMO's 1.98% return.
DAVE
3.39%
2.44%
195.04%
984.08%
N/A
N/A
SPMO
1.98%
-1.14%
7.75%
51.23%
19.72%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 0.47%.
| 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 | 0.47% | 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 27.54% compared to Invesco S&P 500® Momentum ETF (SPMO) at 5.52%. 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.