Correlation
The correlation between RFEU and SPMO is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
RFEU vs. SPMO
Compare and contrast key facts about First Trust RiverFront Dynamic Europe ETF (RFEU) and Invesco S&P 500® Momentum ETF (SPMO).
RFEU and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RFEU is an actively managed fund by First Trust. It was launched on Apr 14, 2016. 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: RFEU or SPMO.
Performance
RFEU vs. SPMO - Performance Comparison
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Key characteristics
RFEU:
0.56
SPMO:
1.22
RFEU:
0.95
SPMO:
1.64
RFEU:
1.13
SPMO:
1.23
RFEU:
0.64
SPMO:
1.39
RFEU:
2.12
SPMO:
5.03
RFEU:
5.20%
SPMO:
5.58%
RFEU:
18.21%
SPMO:
25.08%
RFEU:
-39.74%
SPMO:
-30.95%
RFEU:
-0.67%
SPMO:
0.00%
Returns By Period
In the year-to-date period, RFEU achieves a 16.39% return, which is significantly higher than SPMO's 11.09% return.
RFEU
16.39%
3.06%
13.97%
8.68%
6.52%
8.96%
N/A
SPMO
11.09%
7.72%
9.23%
30.10%
24.56%
21.21%
N/A
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RFEU vs. SPMO - Expense Ratio Comparison
RFEU has a 0.83% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
RFEU vs. SPMO — Risk-Adjusted Performance Rank
RFEU
SPMO
RFEU vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust RiverFront Dynamic Europe ETF (RFEU) 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
RFEU vs. SPMO - Dividend Comparison
RFEU's dividend yield for the trailing twelve months is around 4.68%, more than SPMO's 0.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
RFEU First Trust RiverFront Dynamic Europe ETF | 4.68% | 5.45% | 3.37% | 4.98% | 1.82% | 2.32% | 3.08% | 2.84% | 1.35% | 3.16% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.48% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
RFEU vs. SPMO - Drawdown Comparison
The maximum RFEU drawdown since its inception was -39.74%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for RFEU and SPMO.
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Volatility
RFEU vs. SPMO - Volatility Comparison
The current volatility for First Trust RiverFront Dynamic Europe ETF (RFEU) is 2.98%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.51%. This indicates that RFEU 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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