LIRIX vs. SPMO
Compare and contrast key facts about BlackRock LifePath Index Retirement Fund (LIRIX) and Invesco S&P 500® Momentum ETF (SPMO).
LIRIX is managed by Blackrock. It was launched on May 30, 2011. 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: LIRIX or SPMO.
Correlation
The correlation between LIRIX and SPMO is 0.65, 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
LIRIX vs. SPMO - Performance Comparison
Key characteristics
LIRIX:
1.78
SPMO:
2.23
LIRIX:
2.54
SPMO:
2.94
LIRIX:
1.32
SPMO:
1.39
LIRIX:
1.38
SPMO:
3.12
LIRIX:
8.09
SPMO:
12.56
LIRIX:
1.35%
SPMO:
3.27%
LIRIX:
6.12%
SPMO:
18.36%
LIRIX:
-21.06%
SPMO:
-30.95%
LIRIX:
-0.16%
SPMO:
-0.19%
Returns By Period
In the year-to-date period, LIRIX achieves a 2.76% return, which is significantly lower than SPMO's 8.47% return.
LIRIX
2.76%
2.39%
3.00%
9.62%
3.68%
4.46%
SPMO
8.47%
5.95%
16.92%
37.83%
19.51%
N/A
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LIRIX vs. SPMO - Expense Ratio Comparison
LIRIX has a 0.11% expense ratio, which is lower than SPMO's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
LIRIX vs. SPMO — Risk-Adjusted Performance Rank
LIRIX
SPMO
LIRIX vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index Retirement Fund (LIRIX) 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
LIRIX vs. SPMO - Dividend Comparison
LIRIX's dividend yield for the trailing twelve months is around 2.85%, more than SPMO's 0.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LIRIX BlackRock LifePath Index Retirement Fund | 2.85% | 2.93% | 2.61% | 2.53% | 2.12% | 1.93% | 2.32% | 2.37% | 2.02% | 1.98% | 1.92% | 1.81% |
SPMO Invesco S&P 500® Momentum ETF | 0.44% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% | 0.00% |
Drawdowns
LIRIX vs. SPMO - Drawdown Comparison
The maximum LIRIX drawdown since its inception was -21.06%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for LIRIX and SPMO. For additional features, visit the drawdowns tool.
Volatility
LIRIX vs. SPMO - Volatility Comparison
The current volatility for BlackRock LifePath Index Retirement Fund (LIRIX) is 1.51%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 4.83%. This indicates that LIRIX 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.