Correlation
The correlation between GMUEX and SPGP is 0.84, 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.
GMUEX vs. SPGP
Compare and contrast key facts about GMO U.S. Equity Fund (GMUEX) and Invesco S&P 500 GARP ETF (SPGP).
GMUEX is managed by GMO. It was launched on Sep 18, 1985. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GMUEX or SPGP.
Performance
GMUEX vs. SPGP - Performance Comparison
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Key characteristics
GMUEX:
0.33
SPGP:
0.02
GMUEX:
0.53
SPGP:
0.11
GMUEX:
1.08
SPGP:
1.01
GMUEX:
0.28
SPGP:
-0.04
GMUEX:
0.96
SPGP:
-0.12
GMUEX:
5.98%
SPGP:
6.97%
GMUEX:
20.69%
SPGP:
22.45%
GMUEX:
-48.17%
SPGP:
-42.08%
GMUEX:
-5.98%
SPGP:
-9.10%
Returns By Period
In the year-to-date period, GMUEX achieves a -1.27% return, which is significantly higher than SPGP's -2.85% return. Over the past 10 years, GMUEX has underperformed SPGP with an annualized return of 11.36%, while SPGP has yielded a comparatively higher 12.74% annualized return.
GMUEX
-1.27%
6.45%
-4.73%
6.83%
12.04%
15.53%
11.36%
SPGP
-2.85%
5.16%
-9.04%
0.47%
7.00%
14.34%
12.74%
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GMUEX vs. SPGP - Expense Ratio Comparison
GMUEX has a 0.47% expense ratio, which is higher than SPGP's 0.36% expense ratio.
Risk-Adjusted Performance
GMUEX vs. SPGP — Risk-Adjusted Performance Rank
GMUEX
SPGP
GMUEX vs. SPGP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Equity Fund (GMUEX) and Invesco S&P 500 GARP ETF (SPGP). 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.
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Dividends
GMUEX vs. SPGP - Dividend Comparison
GMUEX's dividend yield for the trailing twelve months is around 17.54%, more than SPGP's 1.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMUEX GMO U.S. Equity Fund | 17.54% | 17.32% | 12.10% | 7.22% | 20.66% | 9.16% | 12.24% | 21.90% | 11.22% | 12.47% | 12.88% | 16.12% |
SPGP Invesco S&P 500 GARP ETF | 1.51% | 1.38% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% |
Drawdowns
GMUEX vs. SPGP - Drawdown Comparison
The maximum GMUEX drawdown since its inception was -48.17%, which is greater than SPGP's maximum drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for GMUEX and SPGP.
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Volatility
GMUEX vs. SPGP - Volatility Comparison
The current volatility for GMO U.S. Equity Fund (GMUEX) is 4.69%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 6.41%. This indicates that GMUEX experiences smaller price fluctuations and is considered to be less risky than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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