OBMCX vs. SPGP
Compare and contrast key facts about Oberweis Micro Cap Fund (OBMCX) and Invesco S&P 500 GARP ETF (SPGP).
OBMCX is managed by Oberweis. It was launched on Dec 29, 1995. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OBMCX or SPGP.
Performance
OBMCX vs. SPGP - Performance Comparison
Returns By Period
In the year-to-date period, OBMCX achieves a 25.26% return, which is significantly higher than SPGP's 12.48% return. Over the past 10 years, OBMCX has underperformed SPGP with an annualized return of 9.59%, while SPGP has yielded a comparatively higher 13.96% annualized return.
OBMCX
25.26%
5.44%
16.61%
40.96%
16.89%
9.59%
SPGP
12.48%
2.42%
5.46%
19.35%
13.90%
13.96%
Key characteristics
| OBMCX | SPGP | |
|---|---|---|
| Sharpe Ratio | 1.72 | 1.27 |
| Sortino Ratio | 2.38 | 1.82 |
| Omega Ratio | 1.29 | 1.23 |
| Calmar Ratio | 1.45 | 1.96 |
| Martin Ratio | 9.60 | 5.92 |
| Ulcer Index | 4.12% | 3.18% |
| Daily Std Dev | 23.01% | 14.75% |
| Max Drawdown | -81.09% | -42.08% |
| Current Drawdown | -3.19% | -1.63% |
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OBMCX vs. SPGP - Expense Ratio Comparison
OBMCX has a 1.48% expense ratio, which is higher than SPGP's 0.36% expense ratio.
Correlation
The correlation between OBMCX and SPGP is 0.72, 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.
Risk-Adjusted Performance
OBMCX vs. SPGP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Oberweis Micro Cap Fund (OBMCX) and Invesco S&P 500 GARP ETF (SPGP). 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.
Dividends
OBMCX vs. SPGP - Dividend Comparison
OBMCX has not paid dividends to shareholders, while SPGP's dividend yield for the trailing twelve months is around 1.32%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OBMCX Oberweis Micro Cap Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPGP Invesco S&P 500 GARP ETF | 1.32% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% | 2.11% |
Drawdowns
OBMCX vs. SPGP - Drawdown Comparison
The maximum OBMCX drawdown since its inception was -81.09%, which is greater than SPGP's maximum drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for OBMCX and SPGP. For additional features, visit the drawdowns tool.
Volatility
OBMCX vs. SPGP - Volatility Comparison
Oberweis Micro Cap Fund (OBMCX) has a higher volatility of 7.08% compared to Invesco S&P 500 GARP ETF (SPGP) at 4.94%. This indicates that OBMCX's price experiences larger fluctuations and is considered to be riskier than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.