LQAI vs. SPMO
Compare and contrast key facts about LG QRAFT AI-Powered U.S. Large Cap Core ETF (LQAI) and Invesco S&P 500® Momentum ETF (SPMO).
LQAI and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LQAI is an actively managed fund by QRAFT. It was launched on Nov 7, 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: LQAI or SPMO.
Correlation
The correlation between LQAI and SPMO is 0.84, 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
LQAI vs. SPMO - Performance Comparison
Key characteristics
LQAI:
2.04
SPMO:
2.23
LQAI:
2.71
SPMO:
2.94
LQAI:
1.36
SPMO:
1.39
LQAI:
2.76
SPMO:
3.12
LQAI:
10.75
SPMO:
12.56
LQAI:
2.64%
SPMO:
3.27%
LQAI:
13.92%
SPMO:
18.36%
LQAI:
-10.27%
SPMO:
-30.95%
LQAI:
0.00%
SPMO:
-0.19%
Returns By Period
In the year-to-date period, LQAI achieves a 4.51% return, which is significantly lower than SPMO's 8.47% return.
LQAI
4.51%
3.07%
16.07%
26.38%
N/A
N/A
SPMO
8.47%
4.47%
15.61%
38.37%
19.49%
N/A
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LQAI vs. SPMO - Expense Ratio Comparison
LQAI has a 0.75% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
LQAI vs. SPMO — Risk-Adjusted Performance Rank
LQAI
SPMO
LQAI vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for LG QRAFT AI-Powered U.S. Large Cap Core ETF (LQAI) 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
LQAI vs. SPMO - Dividend Comparison
LQAI's dividend yield for the trailing twelve months is around 0.66%, more than SPMO's 0.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
LQAI LG QRAFT AI-Powered U.S. Large Cap Core ETF | 0.66% | 0.69% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
LQAI vs. SPMO - Drawdown Comparison
The maximum LQAI drawdown since its inception was -10.27%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for LQAI and SPMO. For additional features, visit the drawdowns tool.
Volatility
LQAI vs. SPMO - Volatility Comparison
The current volatility for LG QRAFT AI-Powered U.S. Large Cap Core ETF (LQAI) is 3.84%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 4.83%. This indicates that LQAI 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.