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.
Correlation
The correlation between GMUEX and SPGP is 0.83, 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
GMUEX vs. SPGP - Performance Comparison
Key characteristics
GMUEX:
0.33
SPGP:
0.84
GMUEX:
0.51
SPGP:
1.24
GMUEX:
1.08
SPGP:
1.15
GMUEX:
0.31
SPGP:
1.30
GMUEX:
1.00
SPGP:
3.52
GMUEX:
5.69%
SPGP:
3.53%
GMUEX:
16.93%
SPGP:
14.74%
GMUEX:
-52.44%
SPGP:
-42.08%
GMUEX:
-11.67%
SPGP:
-3.81%
Returns By Period
In the year-to-date period, GMUEX achieves a 4.56% return, which is significantly higher than SPGP's 2.80% return. Over the past 10 years, GMUEX has underperformed SPGP with an annualized return of -0.06%, while SPGP has yielded a comparatively higher 13.62% annualized return.
GMUEX
4.56%
1.97%
0.46%
4.42%
1.97%
-0.06%
SPGP
2.80%
-2.18%
5.43%
10.24%
12.22%
13.62%
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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.
Dividends
GMUEX vs. SPGP - Dividend Comparison
GMUEX's dividend yield for the trailing twelve months is around 1.29%, less than SPGP's 1.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMUEX GMO U.S. Equity Fund | 1.29% | 1.35% | 1.33% | 1.38% | 1.30% | 1.55% | 2.45% | 2.24% | 1.82% | 2.34% | 1.79% | 1.94% |
SPGP Invesco S&P 500 GARP ETF | 1.34% | 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 -52.44%, 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. For additional features, visit the drawdowns tool.
Volatility
GMUEX vs. SPGP - Volatility Comparison
The current volatility for GMO U.S. Equity Fund (GMUEX) is 2.91%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 3.46%. 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.