GDXY vs. SPMO
Compare and contrast key facts about YieldMax Gold Miners Option Income Strategy ETF (GDXY) and Invesco S&P 500® Momentum ETF (SPMO).
GDXY and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDXY is managed by YieldMax. It was launched on May 20, 2024. 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: GDXY or SPMO.
Correlation
The correlation between GDXY and SPMO is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GDXY vs. SPMO - Performance Comparison
Key characteristics
GDXY:
22.90%
SPMO:
18.93%
GDXY:
-17.83%
SPMO:
-30.95%
GDXY:
0.00%
SPMO:
-5.62%
Returns By Period
In the year-to-date period, GDXY achieves a 25.30% return, which is significantly higher than SPMO's 2.57% return.
GDXY
25.30%
8.58%
5.69%
N/A
N/A
N/A
SPMO
2.57%
-2.46%
7.12%
21.38%
23.23%
N/A
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GDXY vs. SPMO - Expense Ratio Comparison
GDXY has a 0.99% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
GDXY vs. SPMO — Risk-Adjusted Performance Rank
GDXY
SPMO
GDXY vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Gold Miners Option Income Strategy ETF (GDXY) 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.
Not enough dataDividends
GDXY vs. SPMO - Dividend Comparison
GDXY's dividend yield for the trailing twelve months is around 29.33%, more than SPMO's 0.52% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GDXY YieldMax Gold Miners Option Income Strategy ETF | 29.33% | 23.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.52% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
GDXY vs. SPMO - Drawdown Comparison
The maximum GDXY drawdown since its inception was -17.83%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for GDXY and SPMO. For additional features, visit the drawdowns tool.
Volatility
GDXY vs. SPMO - Volatility Comparison
The current volatility for YieldMax Gold Miners Option Income Strategy ETF (GDXY) is 6.38%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 7.31%. This indicates that GDXY 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.