LGRO vs. SPMO
Compare and contrast key facts about Level Four Large Cap Growth Active ETF (LGRO) and Invesco S&P 500® Momentum ETF (SPMO).
LGRO and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LGRO is an actively managed fund by ALPS. It was launched on Aug 22, 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: LGRO or SPMO.
Key characteristics
| LGRO | SPMO | |
|---|---|---|
| YTD Return | 13.12% | 35.22% |
| 1Y Return | 26.69% | 50.71% |
| Sharpe Ratio | 1.63 | 2.81 |
| Daily Std Dev | 16.18% | 17.96% |
| Max Drawdown | -11.35% | -30.95% |
| Current Drawdown | -1.60% | -3.59% |
Correlation
The correlation between LGRO and SPMO is 0.83, 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
LGRO vs. SPMO - Performance Comparison
In the year-to-date period, LGRO achieves a 13.12% return, which is significantly lower than SPMO's 35.22% 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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LGRO vs. SPMO - Expense Ratio Comparison
LGRO has a 0.50% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
LGRO vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Level Four Large Cap Growth Active ETF (LGRO) 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
LGRO vs. SPMO - Dividend Comparison
LGRO's dividend yield for the trailing twelve months is around 0.46%, more than SPMO's 0.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
LGRO Level Four Large Cap Growth Active ETF | 0.46% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.41% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
LGRO vs. SPMO - Drawdown Comparison
The maximum LGRO drawdown since its inception was -11.35%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for LGRO and SPMO. For additional features, visit the drawdowns tool.
Volatility
LGRO vs. SPMO - Volatility Comparison
The current volatility for Level Four Large Cap Growth Active ETF (LGRO) is 4.91%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.78%. This indicates that LGRO 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.