DFNL vs. SPMO
Compare and contrast key facts about Davis Select Financial ETF (DFNL) and Invesco S&P 500® Momentum ETF (SPMO).
DFNL and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFNL is an actively managed fund by Davis Advisers. It was launched on Jan 11, 2017. 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: DFNL or SPMO.
Correlation
The correlation between DFNL and SPMO is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DFNL vs. SPMO - Performance Comparison
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Key characteristics
DFNL:
1.01
SPMO:
1.01
DFNL:
1.54
SPMO:
1.50
DFNL:
1.22
SPMO:
1.22
DFNL:
1.37
SPMO:
1.24
DFNL:
5.28
SPMO:
4.48
DFNL:
4.15%
SPMO:
5.57%
DFNL:
20.82%
SPMO:
24.70%
DFNL:
-44.51%
SPMO:
-30.95%
DFNL:
-3.03%
SPMO:
-4.45%
Returns By Period
In the year-to-date period, DFNL achieves a 4.28% return, which is significantly higher than SPMO's 3.85% return.
DFNL
4.28%
11.51%
2.20%
20.19%
21.07%
N/A
SPMO
3.85%
11.52%
2.04%
24.48%
20.56%
N/A
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DFNL vs. SPMO - Expense Ratio Comparison
DFNL has a 0.64% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
DFNL vs. SPMO — Risk-Adjusted Performance Rank
DFNL
SPMO
DFNL vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Davis Select Financial ETF (DFNL) 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.
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Dividends
DFNL vs. SPMO - Dividend Comparison
DFNL's dividend yield for the trailing twelve months is around 2.10%, more than SPMO's 0.52% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DFNL Davis Select Financial ETF | 2.10% | 2.19% | 2.33% | 3.34% | 2.45% | 1.45% | 2.52% | 3.12% | 1.10% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.52% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
DFNL vs. SPMO - Drawdown Comparison
The maximum DFNL drawdown since its inception was -44.51%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for DFNL and SPMO. For additional features, visit the drawdowns tool.
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Volatility
DFNL vs. SPMO - Volatility Comparison
The current volatility for Davis Select Financial ETF (DFNL) is 6.26%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 8.06%. This indicates that DFNL experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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