GTLLX vs. SPMO
Compare and contrast key facts about Glenmede Quantitative U.S. Large Cap Growth Equity Portfolio (GTLLX) and Invesco S&P 500 Momentum ETF (SPMO).
GTLLX is managed by Glenmede. It was launched on Feb 27, 2004. 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.
Performance
GTLLX vs. SPMO - Performance Comparison
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GTLLX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTLLX Glenmede Quantitative U.S. Large Cap Growth Equity Portfolio | -3.91% | 17.44% | 20.71% | 27.10% | -21.69% | 32.91% | 18.80% | 34.86% | -5.23% | 27.83% |
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Returns By Period
The year-to-date returns for both investments are quite close, with GTLLX having a -3.91% return and SPMO slightly higher at -3.77%. Over the past 10 years, GTLLX has underperformed SPMO with an annualized return of 13.87%, while SPMO has yielded a comparatively higher 17.41% annualized return.
GTLLX
- 1D
- 3.87%
- 1M
- -4.30%
- YTD
- -3.91%
- 6M
- -1.68%
- 1Y
- 20.37%
- 3Y*
- 16.61%
- 5Y*
- 10.38%
- 10Y*
- 13.87%
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
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GTLLX vs. SPMO - Expense Ratio Comparison
GTLLX has a 0.85% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
GTLLX vs. SPMO — Risk / Return Rank
GTLLX
SPMO
GTLLX vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Glenmede Quantitative U.S. Large Cap Growth Equity Portfolio (GTLLX) 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.
| GTLLX | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 1.06 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.60 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.96 | -0.66 |
Martin ratioReturn relative to average drawdown | 5.23 | 6.90 | -1.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GTLLX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 1.06 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.93 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.87 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.86 | -0.36 |
Correlation
The correlation between GTLLX and SPMO is 0.77, 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.
Dividends
GTLLX vs. SPMO - Dividend Comparison
GTLLX's dividend yield for the trailing twelve months is around 15.95%, more than SPMO's 0.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTLLX Glenmede Quantitative U.S. Large Cap Growth Equity Portfolio | 15.95% | 15.33% | 40.42% | 4.91% | 7.93% | 20.20% | 15.12% | 14.10% | 16.97% | 2.29% | 0.58% | 0.61% |
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
GTLLX vs. SPMO - Drawdown Comparison
The maximum GTLLX drawdown since its inception was -54.32%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for GTLLX and SPMO.
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Drawdown Indicators
| GTLLX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.32% | -30.95% | -23.37% |
Max Drawdown (1Y)Largest decline over 1 year | -12.16% | -12.70% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -41.54% | -22.74% | -18.80% |
Max Drawdown (10Y)Largest decline over 10 years | -41.54% | -30.95% | -10.59% |
Current DrawdownCurrent decline from peak | -20.87% | -7.31% | -13.56% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -4.66% | -3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 3.60% | -0.40% |
Volatility
GTLLX vs. SPMO - Volatility Comparison
The current volatility for Glenmede Quantitative U.S. Large Cap Growth Equity Portfolio (GTLLX) is 6.78%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.22%. This indicates that GTLLX 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.
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Volatility by Period
| GTLLX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.78% | 7.22% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 12.80% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.44% | 22.77% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.90% | 19.08% | +9.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.92% | 20.09% | +4.83% |