SPMO vs. HDLB
Compare and contrast key facts about Invesco S&P 500® Momentum ETF (SPMO) and ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB).
SPMO and HDLB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. HDLB is a passively managed fund by UBS that tracks the performance of the Solactive US High Dividend Low Volatility (USD)(TR) (200%). It was launched on Oct 24, 2019. Both SPMO and HDLB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPMO or HDLB.
Performance
SPMO vs. HDLB - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SPMO having a 46.40% return and HDLB slightly higher at 47.12%.
SPMO
46.40%
2.79%
16.29%
54.82%
20.23%
N/A
HDLB
47.12%
4.78%
39.73%
63.29%
1.62%
N/A
Key characteristics
| SPMO | HDLB | |
|---|---|---|
| Sharpe Ratio | 3.09 | 2.55 |
| Sortino Ratio | 4.02 | 3.15 |
| Omega Ratio | 1.55 | 1.41 |
| Calmar Ratio | 4.17 | 1.60 |
| Martin Ratio | 17.27 | 16.21 |
| Ulcer Index | 3.17% | 3.90% |
| Daily Std Dev | 17.74% | 24.84% |
| Max Drawdown | -30.95% | -78.70% |
| Current Drawdown | -1.35% | -2.03% |
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SPMO vs. HDLB - Expense Ratio Comparison
SPMO has a 0.13% expense ratio, which is lower than HDLB's 1.65% expense ratio.
Correlation
The correlation between SPMO and HDLB is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
SPMO vs. HDLB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Momentum ETF (SPMO) and ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB). 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
SPMO vs. HDLB - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.45%, less than HDLB's 8.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500® Momentum ETF | 0.45% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 8.64% | 12.36% | 12.28% | 8.07% | 16.24% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPMO vs. HDLB - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum HDLB drawdown of -78.70%. Use the drawdown chart below to compare losses from any high point for SPMO and HDLB. For additional features, visit the drawdowns tool.
Volatility
SPMO vs. HDLB - Volatility Comparison
The current volatility for Invesco S&P 500® Momentum ETF (SPMO) is 5.07%, while ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) has a volatility of 5.92%. This indicates that SPMO experiences smaller price fluctuations and is considered to be less risky than HDLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.