ISMD vs. SPMO
Compare and contrast key facts about Inspire Small/Mid Cap Impact ETF (ISMD) and Invesco S&P 500® Momentum ETF (SPMO).
ISMD and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ISMD is a passively managed fund by Inspire that tracks the performance of the Inspire Small/Mid Cap Impact Equal Weight Index. It was launched on Feb 28, 2017. 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. Both ISMD and SPMO 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: ISMD or SPMO.
Correlation
The correlation between ISMD and SPMO is 0.57, 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
ISMD vs. SPMO - Performance Comparison
Key characteristics
ISMD:
-0.22
SPMO:
0.56
ISMD:
-0.16
SPMO:
0.93
ISMD:
0.98
SPMO:
1.13
ISMD:
-0.18
SPMO:
0.68
ISMD:
-0.62
SPMO:
2.67
ISMD:
7.76%
SPMO:
5.13%
ISMD:
21.93%
SPMO:
24.38%
ISMD:
-43.58%
SPMO:
-30.95%
ISMD:
-22.69%
SPMO:
-14.36%
Returns By Period
In the year-to-date period, ISMD achieves a -16.20% return, which is significantly lower than SPMO's -6.93% return.
ISMD
-16.20%
-10.75%
-17.51%
-4.24%
12.45%
N/A
SPMO
-6.93%
-6.42%
-5.81%
15.78%
18.44%
N/A
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ISMD vs. SPMO - Expense Ratio Comparison
ISMD has a 0.57% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
ISMD vs. SPMO — Risk-Adjusted Performance Rank
ISMD
SPMO
ISMD vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Inspire Small/Mid Cap Impact ETF (ISMD) 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
ISMD vs. SPMO - Dividend Comparison
ISMD's dividend yield for the trailing twelve months is around 1.52%, more than SPMO's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ISMD Inspire Small/Mid Cap Impact ETF | 1.52% | 1.24% | 1.17% | 1.28% | 9.35% | 0.99% | 0.87% | 3.33% | 2.01% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.58% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
ISMD vs. SPMO - Drawdown Comparison
The maximum ISMD drawdown since its inception was -43.58%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for ISMD and SPMO. For additional features, visit the drawdowns tool.
Volatility
ISMD vs. SPMO - Volatility Comparison
The current volatility for Inspire Small/Mid Cap Impact ETF (ISMD) is 11.76%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 16.25%. This indicates that ISMD 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.