GQRPX vs. SPMO
Compare and contrast key facts about GQG Partners Global Quality Equity Fund (GQRPX) and Invesco S&P 500® Momentum ETF (SPMO).
GQRPX is managed by GQG Partners. It was launched on Mar 28, 2019. 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: GQRPX or SPMO.
Key characteristics
| GQRPX | SPMO | |
|---|---|---|
| YTD Return | 24.00% | 47.88% |
| 1Y Return | 31.76% | 60.08% |
| 3Y Return (Ann) | 11.50% | 15.46% |
| 5Y Return (Ann) | 15.02% | 20.54% |
| Sharpe Ratio | 2.06 | 3.44 |
| Sortino Ratio | 2.88 | 4.42 |
| Omega Ratio | 1.37 | 1.61 |
| Calmar Ratio | 2.91 | 4.62 |
| Martin Ratio | 9.73 | 19.25 |
| Ulcer Index | 3.27% | 3.16% |
| Daily Std Dev | 15.45% | 17.69% |
| Max Drawdown | -28.88% | -30.95% |
| Current Drawdown | -3.19% | -0.35% |
Correlation
The correlation between GQRPX and SPMO 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.
Performance
GQRPX vs. SPMO - Performance Comparison
In the year-to-date period, GQRPX achieves a 24.00% return, which is significantly lower than SPMO's 47.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GQRPX vs. SPMO - Expense Ratio Comparison
GQRPX has a 0.97% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
GQRPX vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GQG Partners Global Quality Equity Fund (GQRPX) 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
GQRPX vs. SPMO - Dividend Comparison
GQRPX's dividend yield for the trailing twelve months is around 0.98%, more than SPMO's 0.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
GQRPX GQG Partners Global Quality Equity Fund | 0.98% | 1.22% | 2.82% | 1.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.44% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
GQRPX vs. SPMO - Drawdown Comparison
The maximum GQRPX drawdown since its inception was -28.88%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for GQRPX and SPMO. For additional features, visit the drawdowns tool.
Volatility
GQRPX vs. SPMO - Volatility Comparison
The current volatility for GQG Partners Global Quality Equity Fund (GQRPX) is 3.17%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 4.80%. This indicates that GQRPX 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.