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.
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.
Performance
FNPFX vs. SPMO - Performance Comparison
Key characteristics
FNPFX:
1.03
SPMO:
2.79
FNPFX:
1.38
SPMO:
3.62
FNPFX:
1.20
SPMO:
1.49
FNPFX:
1.27
SPMO:
3.86
FNPFX:
6.44
SPMO:
15.79
FNPFX:
2.24%
SPMO:
3.21%
FNPFX:
14.02%
SPMO:
18.19%
FNPFX:
-34.25%
SPMO:
-30.95%
FNPFX:
-6.93%
SPMO:
-0.98%
Returns By Period
In the year-to-date period, FNPFX achieves a 13.72% return, which is significantly lower than SPMO's 49.70% return.
FNPFX
13.72%
-3.37%
1.21%
14.44%
10.75%
N/A
SPMO
49.70%
2.26%
11.98%
50.75%
19.92%
N/A
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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.
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 has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.47%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNPFX American Funds New Perspective Fund Class F-3 | 0.00% | 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 | 0.47% | 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
American Funds New Perspective Fund Class F-3 (FNPFX) has a higher volatility of 7.21% compared to Invesco S&P 500® Momentum ETF (SPMO) at 5.28%. This indicates that FNPFX'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.