HCOW vs. SPMO
Compare and contrast key facts about Amplify Cash Flow High Income ETF (HCOW) and Invesco S&P 500® Momentum ETF (SPMO).
HCOW and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HCOW is an actively managed fund by Amplify. It was launched on Sep 19, 2023. 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: HCOW or SPMO.
Correlation
The correlation between HCOW and SPMO is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HCOW vs. SPMO - Performance Comparison
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Key characteristics
HCOW:
-0.19
SPMO:
1.16
HCOW:
-0.08
SPMO:
1.71
HCOW:
0.99
SPMO:
1.24
HCOW:
-0.15
SPMO:
1.46
HCOW:
-0.45
SPMO:
5.26
HCOW:
7.82%
SPMO:
5.57%
HCOW:
21.68%
SPMO:
24.97%
HCOW:
-24.15%
SPMO:
-30.95%
HCOW:
-12.88%
SPMO:
-1.15%
Returns By Period
In the year-to-date period, HCOW achieves a -6.55% return, which is significantly lower than SPMO's 7.43% return.
HCOW
-6.55%
8.33%
-8.95%
-4.13%
N/A
N/A
SPMO
7.43%
13.43%
5.73%
28.77%
22.19%
N/A
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HCOW vs. SPMO - Expense Ratio Comparison
HCOW has a 0.65% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
HCOW vs. SPMO — Risk-Adjusted Performance Rank
HCOW
SPMO
HCOW vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Cash Flow High Income ETF (HCOW) 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.
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Dividends
HCOW vs. SPMO - Dividend Comparison
HCOW's dividend yield for the trailing twelve months is around 9.38%, more than SPMO's 0.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HCOW Amplify Cash Flow High Income ETF | 9.38% | 8.13% | 1.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.50% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
HCOW vs. SPMO - Drawdown Comparison
The maximum HCOW drawdown since its inception was -24.15%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for HCOW and SPMO. For additional features, visit the drawdowns tool.
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Volatility
HCOW vs. SPMO - Volatility Comparison
The current volatility for Amplify Cash Flow High Income ETF (HCOW) is 5.90%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 7.23%. This indicates that HCOW 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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