FUMIX vs. SPMO
Compare and contrast key facts about Fidelity SAI U.S. Momentum Index Fund (FUMIX) and Invesco S&P 500® Momentum ETF (SPMO).
FUMIX is managed by Fidelity. It was launched on Feb 9, 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: FUMIX or SPMO.
Key characteristics
| FUMIX | SPMO | |
|---|---|---|
| YTD Return | 26.27% | 35.22% |
| 1Y Return | 40.93% | 50.71% |
| 3Y Return (Ann) | 8.58% | 13.82% |
| 5Y Return (Ann) | 15.18% | 18.44% |
| Sharpe Ratio | 2.25 | 2.81 |
| Daily Std Dev | 18.07% | 17.96% |
| Max Drawdown | -33.36% | -30.95% |
| Current Drawdown | -2.47% | -3.59% |
Correlation
The correlation between FUMIX and SPMO is 0.90, 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
FUMIX vs. SPMO - Performance Comparison
In the year-to-date period, FUMIX achieves a 26.27% return, which is significantly lower than SPMO's 35.22% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FUMIX vs. SPMO - Expense Ratio Comparison
FUMIX has a 0.11% expense ratio, which is lower than SPMO's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FUMIX vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Momentum Index Fund (FUMIX) 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
FUMIX vs. SPMO - Dividend Comparison
FUMIX's dividend yield for the trailing twelve months is around 5.76%, more than SPMO's 0.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUMIX Fidelity SAI U.S. Momentum Index Fund | 5.76% | 18.09% | 2.10% | 20.67% | 8.68% | 2.09% | 3.84% | 0.88% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.41% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
FUMIX vs. SPMO - Drawdown Comparison
The maximum FUMIX drawdown since its inception was -33.36%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for FUMIX and SPMO. For additional features, visit the drawdowns tool.
Volatility
FUMIX vs. SPMO - Volatility Comparison
Fidelity SAI U.S. Momentum Index Fund (FUMIX) and Invesco S&P 500® Momentum ETF (SPMO) have volatilities of 5.79% and 5.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.