MAGSX vs. SPMO
Compare and contrast key facts about Madison Aggressive Allocation Fund (MAGSX) and Invesco S&P 500 Momentum ETF (SPMO).
MAGSX is managed by Madison Funds. It was launched on Jun 29, 2006. 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.
Performance
MAGSX vs. SPMO - Performance Comparison
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MAGSX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAGSX Madison Aggressive Allocation Fund | -0.91% | 12.48% | 6.46% | 12.32% | -15.38% | 9.50% | 9.65% | 19.21% | -6.59% | 18.04% |
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Returns By Period
In the year-to-date period, MAGSX achieves a -0.91% return, which is significantly higher than SPMO's -3.77% return. Over the past 10 years, MAGSX has underperformed SPMO with an annualized return of 6.56%, while SPMO has yielded a comparatively higher 17.41% annualized return.
MAGSX
- 1D
- 2.41%
- 1M
- -5.47%
- YTD
- -0.91%
- 6M
- 1.11%
- 1Y
- 11.84%
- 3Y*
- 8.56%
- 5Y*
- 3.65%
- 10Y*
- 6.56%
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
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MAGSX vs. SPMO - Expense Ratio Comparison
MAGSX has a 0.71% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
MAGSX vs. SPMO — Risk / Return Rank
MAGSX
SPMO
MAGSX vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Aggressive Allocation Fund (MAGSX) 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.
| MAGSX | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.85 | 1.06 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.29 | 1.60 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.24 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.96 | -0.74 |
Martin ratioReturn relative to average drawdown | 5.18 | 6.90 | -1.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MAGSX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 1.06 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.93 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.87 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.86 | -0.54 |
Correlation
The correlation between MAGSX and SPMO is 0.72, 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.
Dividends
MAGSX vs. SPMO - Dividend Comparison
MAGSX's dividend yield for the trailing twelve months is around 6.23%, more than SPMO's 0.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAGSX Madison Aggressive Allocation Fund | 6.23% | 6.17% | 2.02% | 1.89% | 1.26% | 9.97% | 8.66% | 5.42% | 10.79% | 5.89% | 3.82% | 9.57% |
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
MAGSX vs. SPMO - Drawdown Comparison
The maximum MAGSX drawdown since its inception was -56.06%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for MAGSX and SPMO.
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Drawdown Indicators
| MAGSX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.06% | -30.95% | -25.11% |
Max Drawdown (1Y)Largest decline over 1 year | -10.11% | -12.70% | +2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.13% | -22.74% | +1.61% |
Max Drawdown (10Y)Largest decline over 10 years | -23.20% | -30.95% | +7.75% |
Current DrawdownCurrent decline from peak | -6.44% | -7.31% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -9.54% | -4.66% | -4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 3.60% | -1.22% |
Volatility
MAGSX vs. SPMO - Volatility Comparison
The current volatility for Madison Aggressive Allocation Fund (MAGSX) is 5.14%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.22%. This indicates that MAGSX 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.
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Volatility by Period
| MAGSX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 7.22% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 12.80% | -4.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.16% | 22.77% | -8.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.07% | 19.08% | -7.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.01% | 20.09% | -7.08% |