NSTMX vs. SPMO
Compare and contrast key facts about Columbia Short Term Bond Fund (NSTMX) and Invesco S&P 500 Momentum ETF (SPMO).
NSTMX is managed by Columbia. It was launched on Sep 30, 1992. 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
NSTMX vs. SPMO - Performance Comparison
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NSTMX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NSTMX Columbia Short Term Bond Fund | 0.03% | 5.95% | 5.45% | 6.97% | -4.82% | 0.73% | 3.42% | 5.20% | 0.62% | 1.04% |
SPMO Invesco S&P 500 Momentum ETF | -5.78% | 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, NSTMX achieves a 0.03% return, which is significantly higher than SPMO's -5.78% return. Over the past 10 years, NSTMX has underperformed SPMO with an annualized return of 2.49%, while SPMO has yielded a comparatively higher 17.16% annualized return.
NSTMX
- 1D
- 0.10%
- 1M
- -0.81%
- YTD
- 0.03%
- 6M
- 1.19%
- 1Y
- 4.38%
- 3Y*
- 5.32%
- 5Y*
- 2.71%
- 10Y*
- 2.49%
SPMO
- 1D
- 3.96%
- 1M
- -5.89%
- YTD
- -5.78%
- 6M
- -6.90%
- 1Y
- 22.23%
- 3Y*
- 28.36%
- 5Y*
- 17.17%
- 10Y*
- 17.16%
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NSTMX vs. SPMO - Expense Ratio Comparison
NSTMX has a 0.46% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
NSTMX vs. SPMO — Risk / Return Rank
NSTMX
SPMO
NSTMX vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Short Term Bond Fund (NSTMX) 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.
| NSTMX | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.61 | 0.98 | +1.62 |
Sortino ratioReturn per unit of downside risk | 5.08 | 1.51 | +3.57 |
Omega ratioGain probability vs. loss probability | 1.71 | 1.22 | +0.49 |
Calmar ratioReturn relative to maximum drawdown | 5.38 | 1.79 | +3.59 |
Martin ratioReturn relative to average drawdown | 20.18 | 6.36 | +13.83 |
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
| NSTMX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.61 | 0.98 | +1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.25 | 0.91 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.17 | 0.86 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.69 | 0.85 | +0.84 |
Correlation
The correlation between NSTMX and SPMO is 0.05, 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
NSTMX vs. SPMO - Dividend Comparison
NSTMX's dividend yield for the trailing twelve months is around 4.30%, more than SPMO's 0.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NSTMX Columbia Short Term Bond Fund | 4.30% | 4.73% | 3.84% | 3.71% | 2.11% | 1.53% | 2.32% | 3.45% | 1.42% | 1.44% | 0.89% | 0.84% |
SPMO Invesco S&P 500 Momentum ETF | 0.91% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
NSTMX vs. SPMO - Drawdown Comparison
The maximum NSTMX drawdown since its inception was -9.50%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for NSTMX and SPMO.
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Drawdown Indicators
| NSTMX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.50% | -30.95% | +21.45% |
Max Drawdown (1Y)Largest decline over 1 year | -0.91% | -12.70% | +11.79% |
Max Drawdown (5Y)Largest decline over 5 years | -7.06% | -22.74% | +15.68% |
Max Drawdown (10Y)Largest decline over 10 years | -9.50% | -30.95% | +21.45% |
Current DrawdownCurrent decline from peak | -0.81% | -9.24% | +8.43% |
Average DrawdownAverage peak-to-trough decline | -0.54% | -4.66% | +4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 3.57% | -3.33% |
Volatility
NSTMX vs. SPMO - Volatility Comparison
The current volatility for Columbia Short Term Bond Fund (NSTMX) is 0.48%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 6.82%. This indicates that NSTMX 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
| NSTMX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 6.82% | -6.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.17% | 12.62% | -11.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.85% | 22.68% | -20.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.19% | 19.06% | -16.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.13% | 20.08% | -17.95% |