Correlation
The correlation between DIVG and SPMO is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
DIVG vs. SPMO
Compare and contrast key facts about Invesco S&P 500 High Dividend Growers ETF (DIVG) and Invesco S&P 500® Momentum ETF (SPMO).
DIVG and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DIVG is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Dividend Growth Index - Benchmark TR Gross. It was launched on Dec 4, 2023. 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. Both DIVG and SPMO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DIVG or SPMO.
Performance
DIVG vs. SPMO - Performance Comparison
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Key characteristics
DIVG:
0.82
SPMO:
1.22
DIVG:
1.19
SPMO:
1.64
DIVG:
1.17
SPMO:
1.23
DIVG:
0.84
SPMO:
1.39
DIVG:
2.80
SPMO:
5.03
DIVG:
4.51%
SPMO:
5.58%
DIVG:
15.73%
SPMO:
25.08%
DIVG:
-14.94%
SPMO:
-30.95%
DIVG:
-6.06%
SPMO:
0.00%
Returns By Period
In the year-to-date period, DIVG achieves a 1.50% return, which is significantly lower than SPMO's 11.09% return.
DIVG
1.50%
2.18%
-6.06%
12.81%
N/A
N/A
N/A
SPMO
11.09%
11.40%
9.23%
30.41%
24.56%
21.21%
N/A
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DIVG vs. SPMO - Expense Ratio Comparison
DIVG has a 0.39% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
DIVG vs. SPMO — Risk-Adjusted Performance Rank
DIVG
SPMO
DIVG vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 High Dividend Growers ETF (DIVG) 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
DIVG vs. SPMO - Dividend Comparison
DIVG's dividend yield for the trailing twelve months is around 4.12%, more than SPMO's 0.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DIVG Invesco S&P 500 High Dividend Growers ETF | 4.12% | 4.08% | 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 | 0.48% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
DIVG vs. SPMO - Drawdown Comparison
The maximum DIVG drawdown since its inception was -14.94%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for DIVG and SPMO.
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Volatility
DIVG vs. SPMO - Volatility Comparison
The current volatility for Invesco S&P 500 High Dividend Growers ETF (DIVG) is 4.46%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.51%. This indicates that DIVG 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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