Correlation
The correlation between EAEAX and SPMO is 0.77, 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.
EAEAX vs. SPMO
Compare and contrast key facts about Eaton Vance Tax-Managed Equity Asset Allocation Fund (EAEAX) and Invesco S&P 500® Momentum ETF (SPMO).
EAEAX is managed by Blackrock. It was launched on Mar 3, 2002. 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: EAEAX or SPMO.
Performance
EAEAX vs. SPMO - Performance Comparison
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Key characteristics
EAEAX:
0.48
SPMO:
1.13
EAEAX:
0.71
SPMO:
1.66
EAEAX:
1.10
SPMO:
1.24
EAEAX:
0.42
SPMO:
1.42
EAEAX:
1.58
SPMO:
5.12
EAEAX:
4.70%
SPMO:
5.58%
EAEAX:
17.86%
SPMO:
25.09%
EAEAX:
-54.71%
SPMO:
-30.95%
EAEAX:
-4.39%
SPMO:
-0.05%
Returns By Period
In the year-to-date period, EAEAX achieves a 0.06% return, which is significantly lower than SPMO's 10.97% return.
EAEAX
0.06%
5.36%
-3.43%
8.52%
10.51%
12.05%
9.32%
SPMO
10.97%
11.01%
9.92%
28.24%
24.08%
21.18%
N/A
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EAEAX vs. SPMO - Expense Ratio Comparison
EAEAX has a 1.25% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
EAEAX vs. SPMO — Risk-Adjusted Performance Rank
EAEAX
SPMO
EAEAX vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Equity Asset Allocation Fund (EAEAX) 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
EAEAX vs. SPMO - Dividend Comparison
EAEAX's dividend yield for the trailing twelve months is around 0.80%, more than SPMO's 0.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAEAX Eaton Vance Tax-Managed Equity Asset Allocation Fund | 0.80% | 0.80% | 0.53% | 0.79% | 2.58% | 0.57% | 1.87% | 2.12% | 3.13% | 1.10% | 6.32% | 5.86% |
SPMO Invesco S&P 500® Momentum ETF | 0.49% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% | 0.00% |
Drawdowns
EAEAX vs. SPMO - Drawdown Comparison
The maximum EAEAX drawdown since its inception was -54.71%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for EAEAX and SPMO.
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Volatility
EAEAX vs. SPMO - Volatility Comparison
The current volatility for Eaton Vance Tax-Managed Equity Asset Allocation Fund (EAEAX) is 4.53%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.54%. This indicates that EAEAX 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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