PRAE vs. SPMO
Compare and contrast key facts about PlanRock Alternative Growth ETF (PRAE) and Invesco S&P 500® Momentum ETF (SPMO).
PRAE and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PRAE is an actively managed fund by PlanRock. It was launched on Dec 18, 2023. 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: PRAE or SPMO.
Correlation
The correlation between PRAE 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.
Performance
PRAE vs. SPMO - Performance Comparison
Key characteristics
PRAE:
0.69
SPMO:
2.12
PRAE:
1.04
SPMO:
2.80
PRAE:
1.13
SPMO:
1.38
PRAE:
0.87
SPMO:
2.95
PRAE:
2.61
SPMO:
11.88
PRAE:
3.80%
SPMO:
3.27%
PRAE:
14.37%
SPMO:
18.38%
PRAE:
-11.43%
SPMO:
-30.95%
PRAE:
-1.85%
SPMO:
-0.18%
Returns By Period
In the year-to-date period, PRAE achieves a 5.18% return, which is significantly lower than SPMO's 8.48% return.
PRAE
5.18%
2.10%
6.46%
9.65%
N/A
N/A
SPMO
8.48%
4.48%
15.64%
38.38%
19.59%
N/A
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PRAE vs. SPMO - Expense Ratio Comparison
PRAE has a 1.45% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
PRAE vs. SPMO — Risk-Adjusted Performance Rank
PRAE
SPMO
PRAE vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PlanRock Alternative Growth ETF (PRAE) 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.
Dividends
PRAE vs. SPMO - Dividend Comparison
PRAE's dividend yield for the trailing twelve months is around 0.94%, more than SPMO's 0.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
PRAE PlanRock Alternative Growth ETF | 0.94% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.44% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
PRAE vs. SPMO - Drawdown Comparison
The maximum PRAE drawdown since its inception was -11.43%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for PRAE and SPMO. For additional features, visit the drawdowns tool.
Volatility
PRAE vs. SPMO - Volatility Comparison
PlanRock Alternative Growth ETF (PRAE) and Invesco S&P 500® Momentum ETF (SPMO) have volatilities of 5.08% and 4.84%, 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.