MGLBX vs. SPMO
Compare and contrast key facts about Marsico Global Fund (MGLBX) and Invesco S&P 500 Momentum ETF (SPMO).
MGLBX is managed by Marsico Investment Fund. It was launched on Jun 28, 2007. 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
MGLBX vs. SPMO - Performance Comparison
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MGLBX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGLBX Marsico Global Fund | -3.97% | 27.15% | 40.57% | 35.38% | -34.54% | 10.96% | 81.92% | 27.18% | -4.50% | 40.25% |
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, MGLBX achieves a -3.97% return, which is significantly lower than SPMO's -3.77% return. Both investments have delivered pretty close results over the past 10 years, with MGLBX having a 17.68% annualized return and SPMO not far behind at 17.41%.
MGLBX
- 1D
- 4.43%
- 1M
- -9.71%
- YTD
- -3.97%
- 6M
- -5.64%
- 1Y
- 23.40%
- 3Y*
- 27.17%
- 5Y*
- 10.38%
- 10Y*
- 17.68%
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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MGLBX vs. SPMO - Expense Ratio Comparison
MGLBX has a 1.45% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
MGLBX vs. SPMO — Risk / Return Rank
MGLBX
SPMO
MGLBX vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Marsico Global Fund (MGLBX) 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.
| MGLBX | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 1.06 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.67 | 1.60 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.96 | -0.34 |
Martin ratioReturn relative to average drawdown | 6.65 | 6.90 | -0.26 |
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
| MGLBX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 1.06 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.93 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.87 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.86 | -0.33 |
Correlation
The correlation between MGLBX and SPMO is 0.76, 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
MGLBX vs. SPMO - Dividend Comparison
MGLBX's dividend yield for the trailing twelve months is around 12.63%, more than SPMO's 0.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGLBX Marsico Global Fund | 12.63% | 12.13% | 3.42% | 1.98% | 4.37% | 17.97% | 24.53% | 0.00% | 1.16% | 9.25% | 0.00% | 11.04% |
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
MGLBX vs. SPMO - Drawdown Comparison
The maximum MGLBX drawdown since its inception was -59.60%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for MGLBX and SPMO.
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Drawdown Indicators
| MGLBX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.60% | -30.95% | -28.65% |
Max Drawdown (1Y)Largest decline over 1 year | -14.92% | -12.70% | -2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -43.08% | -22.74% | -20.34% |
Max Drawdown (10Y)Largest decline over 10 years | -43.08% | -30.95% | -12.13% |
Current DrawdownCurrent decline from peak | -11.15% | -7.31% | -3.84% |
Average DrawdownAverage peak-to-trough decline | -11.65% | -4.66% | -6.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 3.60% | +0.03% |
Volatility
MGLBX vs. SPMO - Volatility Comparison
Marsico Global Fund (MGLBX) has a higher volatility of 9.30% compared to Invesco S&P 500 Momentum ETF (SPMO) at 7.22%. This indicates that MGLBX'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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Volatility by Period
| MGLBX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.30% | 7.22% | +2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 14.55% | 12.80% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.44% | 22.77% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.69% | 19.08% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.87% | 20.09% | +2.78% |