Correlation
The correlation between MOTE and SPMO is 0.86, 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.
MOTE vs. SPMO
Compare and contrast key facts about VanEck Morningstar ESG Moat ETF (MOTE) and Invesco S&P 500® Momentum ETF (SPMO).
MOTE and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MOTE is a passively managed fund by VanEck that tracks the performance of the Morningstar US Sustainability Moat Focus Index. It was launched on Oct 5, 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. Both MOTE and SPMO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MOTE or SPMO.
Performance
MOTE vs. SPMO - Performance Comparison
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Key characteristics
MOTE:
0.37
SPMO:
1.22
MOTE:
0.51
SPMO:
1.64
MOTE:
1.07
SPMO:
1.23
MOTE:
0.23
SPMO:
1.39
MOTE:
0.76
SPMO:
5.03
MOTE:
6.47%
SPMO:
5.58%
MOTE:
18.45%
SPMO:
25.08%
MOTE:
-28.13%
SPMO:
-30.95%
MOTE:
-9.18%
SPMO:
0.00%
Returns By Period
In the year-to-date period, MOTE achieves a -4.06% return, which is significantly lower than SPMO's 11.09% return.
MOTE
-4.06%
4.45%
-8.72%
6.02%
6.63%
N/A
N/A
SPMO
11.09%
10.05%
9.23%
30.10%
24.56%
21.21%
N/A
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MOTE vs. SPMO - Expense Ratio Comparison
MOTE has a 0.49% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
MOTE vs. SPMO — Risk-Adjusted Performance Rank
MOTE
SPMO
MOTE vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar ESG Moat ETF (MOTE) 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
MOTE vs. SPMO - Dividend Comparison
MOTE's dividend yield for the trailing twelve months is around 0.99%, more than SPMO's 0.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
MOTE VanEck Morningstar ESG Moat ETF | 0.99% | 0.95% | 1.13% | 0.98% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
MOTE vs. SPMO - Drawdown Comparison
The maximum MOTE drawdown since its inception was -28.13%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for MOTE and SPMO.
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Volatility
MOTE vs. SPMO - Volatility Comparison
VanEck Morningstar ESG Moat ETF (MOTE) and Invesco S&P 500® Momentum ETF (SPMO) have volatilities of 5.61% and 5.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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