FNPFX vs. SPMO
Compare and contrast key facts about American Funds New Perspective Fund Class F-3 (FNPFX) and Invesco S&P 500® Momentum ETF (SPMO).
FNPFX is managed by American Funds. It was launched on Mar 13, 1973. 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: FNPFX or SPMO.
Performance
FNPFX vs. SPMO - Performance Comparison
Returns By Period
In the year-to-date period, FNPFX achieves a 16.78% return, which is significantly lower than SPMO's 44.93% return.
FNPFX
16.78%
-1.73%
5.22%
23.15%
12.47%
N/A
SPMO
44.93%
0.58%
16.38%
52.65%
19.99%
N/A
Key characteristics
| FNPFX | SPMO | |
|---|---|---|
| Sharpe Ratio | 1.59 | 3.05 |
| Sortino Ratio | 2.35 | 3.99 |
| Omega Ratio | 1.33 | 1.54 |
| Calmar Ratio | 1.65 | 4.12 |
| Martin Ratio | 10.12 | 17.09 |
| Ulcer Index | 2.39% | 3.18% |
| Daily Std Dev | 15.17% | 17.76% |
| Max Drawdown | -34.25% | -30.95% |
| Current Drawdown | -2.41% | -2.34% |
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FNPFX vs. SPMO - Expense Ratio Comparison
FNPFX has a 0.41% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Correlation
The correlation between FNPFX and SPMO is 0.80, 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.
Risk-Adjusted Performance
FNPFX vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New Perspective Fund Class F-3 (FNPFX) 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
FNPFX vs. SPMO - Dividend Comparison
FNPFX's dividend yield for the trailing twelve months is around 1.07%, more than SPMO's 0.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNPFX American Funds New Perspective Fund Class F-3 | 1.07% | 1.25% | 1.21% | 0.65% | 0.40% | 1.31% | 1.55% | 0.77% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.45% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
FNPFX vs. SPMO - Drawdown Comparison
The maximum FNPFX drawdown since its inception was -34.25%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for FNPFX and SPMO. For additional features, visit the drawdowns tool.
Volatility
FNPFX vs. SPMO - Volatility Comparison
The current volatility for American Funds New Perspective Fund Class F-3 (FNPFX) is 3.49%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.14%. This indicates that FNPFX 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.