MEGI vs. SPMO
Compare and contrast key facts about NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) and Invesco S&P 500 Momentum ETF (SPMO).
MEGI is managed by CBRE. It was launched on Jan 1, 2021. 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
MEGI vs. SPMO - Performance Comparison
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MEGI vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MEGI NYLI CBRE Global Infrastructure Megatrends Term Fund | 9.25% | 26.19% | 5.19% | 5.52% | -23.32% | -3.50% |
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | -10.45% | 1.01% |
Returns By Period
In the year-to-date period, MEGI achieves a 9.25% return, which is significantly higher than SPMO's -3.77% return.
MEGI
- 1D
- -0.27%
- 1M
- -6.42%
- YTD
- 9.25%
- 6M
- 4.12%
- 1Y
- 21.41%
- 3Y*
- 12.87%
- 5Y*
- —
- 10Y*
- —
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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MEGI vs. SPMO - Expense Ratio Comparison
MEGI has a 0.02% 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%.
Return for Risk
MEGI vs. SPMO — Risk / Return Rank
MEGI
SPMO
MEGI vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) 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.
| MEGI | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.06 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.60 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.96 | -0.30 |
Martin ratioReturn relative to average drawdown | 5.63 | 6.90 | -1.28 |
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
| MEGI | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.06 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.86 | -0.72 |
Correlation
The correlation between MEGI and SPMO is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MEGI vs. SPMO - Dividend Comparison
MEGI's dividend yield for the trailing twelve months is around 10.24%, more than SPMO's 0.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEGI NYLI CBRE Global Infrastructure Megatrends Term Fund | 10.24% | 10.90% | 12.33% | 10.66% | 9.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
MEGI vs. SPMO - Drawdown Comparison
The maximum MEGI drawdown since its inception was -39.48%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for MEGI and SPMO.
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Drawdown Indicators
| MEGI | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.48% | -30.95% | -8.53% |
Max Drawdown (1Y)Largest decline over 1 year | -13.53% | -12.70% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -6.65% | -7.31% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -15.12% | -4.66% | -10.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 3.60% | +0.38% |
Volatility
MEGI vs. SPMO - Volatility Comparison
The current volatility for NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) is 5.54%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.22%. This indicates that MEGI 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
| MEGI | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 7.22% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 10.80% | 12.80% | -2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 22.77% | -5.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.08% | 19.08% | +1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.08% | 20.09% | -0.01% |