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.
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
Key characteristics
FUMIX:
1.79
SPMO:
2.71
FUMIX:
2.45
SPMO:
3.53
FUMIX:
1.32
SPMO:
1.48
FUMIX:
2.54
SPMO:
3.74
FUMIX:
10.41
SPMO:
15.34
FUMIX:
3.02%
SPMO:
3.21%
FUMIX:
17.63%
SPMO:
18.20%
FUMIX:
-33.36%
SPMO:
-30.95%
FUMIX:
-5.04%
SPMO:
-2.12%
Returns By Period
In the year-to-date period, FUMIX achieves a 31.07% return, which is significantly lower than SPMO's 47.97% return.
FUMIX
31.07%
-3.80%
5.58%
31.46%
15.13%
N/A
SPMO
47.97%
1.07%
12.17%
49.00%
19.67%
N/A
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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 0.26%, less than SPMO's 0.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUMIX Fidelity SAI U.S. Momentum Index Fund | 0.26% | 0.80% | 2.10% | 0.61% | 1.06% | 1.54% | 1.02% | 0.53% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.48% | 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
The current volatility for Fidelity SAI U.S. Momentum Index Fund (FUMIX) is 4.68%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.17%. This indicates that FUMIX 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.