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.
Performance
FUMIX vs. SPMO - Performance Comparison
Returns By Period
In the year-to-date period, FUMIX achieves a 36.25% return, which is significantly lower than SPMO's 46.40% return.
FUMIX
36.25%
2.26%
12.35%
42.72%
16.70%
N/A
SPMO
46.40%
2.79%
16.29%
54.82%
20.23%
N/A
Key characteristics
| FUMIX | SPMO | |
|---|---|---|
| Sharpe Ratio | 2.47 | 3.09 |
| Sortino Ratio | 3.29 | 4.02 |
| Omega Ratio | 1.44 | 1.55 |
| Calmar Ratio | 3.45 | 4.17 |
| Martin Ratio | 14.46 | 17.27 |
| Ulcer Index | 2.96% | 3.17% |
| Daily Std Dev | 17.28% | 17.74% |
| Max Drawdown | -33.36% | -30.95% |
| Current Drawdown | -0.17% | -1.35% |
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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%.
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.
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 0.56%, more than SPMO's 0.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUMIX Fidelity SAI U.S. Momentum Index Fund | 0.56% | 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 | 0.45% | 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 3.88%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.07%. 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.