FYX vs. SPMO
Compare and contrast key facts about First Trust Small Cap Core AlphaDEX Fund (FYX) and Invesco S&P 500® Momentum ETF (SPMO).
FYX and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FYX is a passively managed fund by First Trust that tracks the performance of the Nasdaq AlphaDEX Small Cap Core Index. It was launched on May 8, 2007. 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. Both FYX and SPMO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FYX or SPMO.
Correlation
The correlation between FYX and SPMO is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FYX vs. SPMO - Performance Comparison
Key characteristics
FYX:
1.03
SPMO:
2.64
FYX:
1.58
SPMO:
3.44
FYX:
1.19
SPMO:
1.46
FYX:
1.74
SPMO:
3.68
FYX:
5.36
SPMO:
14.86
FYX:
3.89%
SPMO:
3.25%
FYX:
20.21%
SPMO:
18.38%
FYX:
-61.80%
SPMO:
-30.95%
FYX:
-5.67%
SPMO:
0.00%
Returns By Period
In the year-to-date period, FYX achieves a 2.57% return, which is significantly lower than SPMO's 6.03% return.
FYX
2.57%
2.23%
7.56%
18.82%
11.52%
9.14%
SPMO
6.03%
4.49%
19.14%
48.05%
19.82%
N/A
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FYX vs. SPMO - Expense Ratio Comparison
FYX has a 0.63% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
FYX vs. SPMO — Risk-Adjusted Performance Rank
FYX
SPMO
FYX vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Small Cap Core AlphaDEX Fund (FYX) 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
FYX vs. SPMO - Dividend Comparison
FYX's dividend yield for the trailing twelve months is around 1.58%, more than SPMO's 0.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYX First Trust Small Cap Core AlphaDEX Fund | 1.58% | 1.62% | 1.22% | 0.95% | 0.99% | 0.64% | 1.12% | 1.08% | 0.60% | 0.94% | 0.88% | 0.58% |
SPMO Invesco S&P 500® Momentum ETF | 0.45% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% | 0.00% |
Drawdowns
FYX vs. SPMO - Drawdown Comparison
The maximum FYX drawdown since its inception was -61.80%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for FYX and SPMO. For additional features, visit the drawdowns tool.
Volatility
FYX vs. SPMO - Volatility Comparison
First Trust Small Cap Core AlphaDEX Fund (FYX) has a higher volatility of 4.84% compared to Invesco S&P 500® Momentum ETF (SPMO) at 4.27%. This indicates that FYX'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.