Correlation
The correlation between QSPT 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.
QSPT vs. SPMO
Compare and contrast key facts about FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) and Invesco S&P 500® Momentum ETF (SPMO).
QSPT and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QSPT is an actively managed fund by FT Vest. It was launched on Sep 17, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QSPT or SPMO.
Performance
QSPT vs. SPMO - Performance Comparison
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Key characteristics
QSPT:
0.73
SPMO:
1.13
QSPT:
1.15
SPMO:
1.66
QSPT:
1.18
SPMO:
1.24
QSPT:
0.70
SPMO:
1.42
QSPT:
3.02
SPMO:
5.12
QSPT:
3.59%
SPMO:
5.58%
QSPT:
15.23%
SPMO:
25.09%
QSPT:
-22.64%
SPMO:
-30.95%
QSPT:
-0.72%
SPMO:
-0.05%
Returns By Period
In the year-to-date period, QSPT achieves a 2.73% return, which is significantly lower than SPMO's 10.97% return.
QSPT
2.73%
6.38%
3.36%
11.09%
15.99%
N/A
N/A
SPMO
10.97%
11.01%
9.92%
28.24%
24.08%
21.18%
N/A
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QSPT vs. SPMO - Expense Ratio Comparison
QSPT has a 0.90% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
QSPT vs. SPMO — Risk-Adjusted Performance Rank
QSPT
SPMO
QSPT vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) 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
QSPT vs. SPMO - Dividend Comparison
QSPT has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.49%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
---|---|---|---|---|---|---|---|---|---|---|---|
QSPT FT Cboe Vest Nasdaq-100 Buffer ETF – September | 0.00% | 0.00% | 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 | 0.49% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
QSPT vs. SPMO - Drawdown Comparison
The maximum QSPT drawdown since its inception was -22.64%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for QSPT and SPMO.
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Volatility
QSPT vs. SPMO - Volatility Comparison
The current volatility for FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) is 3.61%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.54%. This indicates that QSPT 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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