RAYD vs. SPMO
Compare and contrast key facts about Rayliant Quantitative Developed Market Equity ETF (RAYD) and Invesco S&P 500® Momentum ETF (SPMO).
RAYD and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RAYD is an actively managed fund by Rayliant. It was launched on Dec 15, 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: RAYD or SPMO.
Correlation
The correlation between RAYD and SPMO is 0.81, 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
RAYD vs. SPMO - Performance Comparison
Key characteristics
RAYD:
2.49
SPMO:
2.07
RAYD:
3.33
SPMO:
2.75
RAYD:
1.46
SPMO:
1.37
RAYD:
3.67
SPMO:
2.88
RAYD:
15.21
SPMO:
11.60
RAYD:
1.99%
SPMO:
3.27%
RAYD:
12.10%
SPMO:
18.34%
RAYD:
-21.00%
SPMO:
-30.95%
RAYD:
-0.06%
SPMO:
-0.16%
Returns By Period
The year-to-date returns for both investments are quite close, with RAYD having a 8.47% return and SPMO slightly higher at 8.50%.
RAYD
8.47%
6.58%
14.30%
31.40%
N/A
N/A
SPMO
8.50%
4.50%
15.08%
40.17%
19.81%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RAYD vs. SPMO - Expense Ratio Comparison
RAYD has a 0.80% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
RAYD vs. SPMO — Risk-Adjusted Performance Rank
RAYD
SPMO
RAYD vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rayliant Quantitative Developed Market Equity ETF (RAYD) 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
RAYD vs. SPMO - Dividend Comparison
RAYD's dividend yield for the trailing twelve months is around 0.91%, more than SPMO's 0.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
RAYD Rayliant Quantitative Developed Market Equity ETF | 0.91% | 0.98% | 1.63% | 1.40% | 0.02% | 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
RAYD vs. SPMO - Drawdown Comparison
The maximum RAYD drawdown since its inception was -21.00%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for RAYD and SPMO. For additional features, visit the drawdowns tool.
Volatility
RAYD vs. SPMO - Volatility Comparison
The current volatility for Rayliant Quantitative Developed Market Equity ETF (RAYD) is 3.14%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 4.76%. This indicates that RAYD 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.