PYZ vs. SPMO
Compare and contrast key facts about Invesco DWA Basic Materials Momentum ETF (PYZ) and Invesco S&P 500® Momentum ETF (SPMO).
PYZ and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PYZ is a passively managed fund by Invesco that tracks the performance of the Dynamic Basic Materials Sector Intellidex Index. It was launched on Oct 12, 2006. 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 PYZ 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: PYZ or SPMO.
Correlation
The correlation between PYZ and SPMO is 0.70, 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
PYZ vs. SPMO - Performance Comparison
Key characteristics
PYZ:
-0.23
SPMO:
0.93
PYZ:
-0.17
SPMO:
1.40
PYZ:
0.98
SPMO:
1.20
PYZ:
-0.20
SPMO:
1.14
PYZ:
-0.66
SPMO:
4.23
PYZ:
8.34%
SPMO:
5.42%
PYZ:
23.61%
SPMO:
24.76%
PYZ:
-65.15%
SPMO:
-30.95%
PYZ:
-17.53%
SPMO:
-8.77%
Returns By Period
In the year-to-date period, PYZ achieves a -4.68% return, which is significantly lower than SPMO's -0.85% return.
PYZ
-4.68%
-4.76%
-12.78%
-5.37%
13.15%
5.41%
SPMO
-0.85%
-0.41%
1.83%
22.68%
20.21%
N/A
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PYZ vs. SPMO - Expense Ratio Comparison
PYZ has a 0.60% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
PYZ vs. SPMO — Risk-Adjusted Performance Rank
PYZ
SPMO
PYZ vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Basic Materials Momentum ETF (PYZ) 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
PYZ vs. SPMO - Dividend Comparison
PYZ's dividend yield for the trailing twelve months is around 1.21%, more than SPMO's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYZ Invesco DWA Basic Materials Momentum ETF | 1.21% | 1.13% | 1.19% | 1.18% | 0.33% | 1.04% | 1.38% | 1.20% | 0.53% | 1.07% | 1.25% | 1.02% |
SPMO Invesco S&P 500® Momentum ETF | 0.54% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% | 0.00% |
Drawdowns
PYZ vs. SPMO - Drawdown Comparison
The maximum PYZ drawdown since its inception was -65.15%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for PYZ and SPMO. For additional features, visit the drawdowns tool.
Volatility
PYZ vs. SPMO - Volatility Comparison
The current volatility for Invesco DWA Basic Materials Momentum ETF (PYZ) is 15.08%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 16.81%. This indicates that PYZ 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.