Correlation
The correlation between MEGIX and SPMO is 0.77, 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.
MEGIX vs. SPMO
Compare and contrast key facts about Morgan Stanley Growth Portfolio (MEGIX) and Invesco S&P 500® Momentum ETF (SPMO).
MEGIX is managed by Morgan Stanley. It was launched on Apr 30, 2017. 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: MEGIX or SPMO.
Performance
MEGIX vs. SPMO - Performance Comparison
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Key characteristics
MEGIX:
2.36
SPMO:
1.22
MEGIX:
2.94
SPMO:
1.64
MEGIX:
1.39
SPMO:
1.23
MEGIX:
1.45
SPMO:
1.39
MEGIX:
7.86
SPMO:
5.03
MEGIX:
10.28%
SPMO:
5.58%
MEGIX:
36.13%
SPMO:
25.08%
MEGIX:
-69.99%
SPMO:
-30.95%
MEGIX:
-17.25%
SPMO:
0.00%
Returns By Period
In the year-to-date period, MEGIX achieves a 21.46% return, which is significantly higher than SPMO's 11.09% return.
MEGIX
21.46%
12.81%
16.41%
84.84%
29.39%
10.34%
16.51%
SPMO
11.09%
10.05%
9.23%
30.10%
24.56%
21.21%
N/A
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MEGIX vs. SPMO - Expense Ratio Comparison
MEGIX has a 0.57% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
MEGIX vs. SPMO — Risk-Adjusted Performance Rank
MEGIX
SPMO
MEGIX vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Growth Portfolio (MEGIX) 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.
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Dividends
MEGIX vs. SPMO - Dividend Comparison
MEGIX has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.48%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
MEGIX Morgan Stanley Growth Portfolio | 0.00% | 0.00% | 0.00% | 163.32% | 34.82% | 7.97% | 5.35% | 24.32% | 7.96% | 18.99% | 14.86% |
SPMO Invesco S&P 500® Momentum ETF | 0.48% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
MEGIX vs. SPMO - Drawdown Comparison
The maximum MEGIX drawdown since its inception was -69.99%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for MEGIX and SPMO.
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Volatility
MEGIX vs. SPMO - Volatility Comparison
Morgan Stanley Growth Portfolio (MEGIX) has a higher volatility of 8.32% compared to Invesco S&P 500® Momentum ETF (SPMO) at 5.51%. This indicates that MEGIX's price experiences larger fluctuations and is considered to be riskier than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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