Correlation
The correlation between ROMO and SPMO is 0.84, 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.
ROMO vs. SPMO
Compare and contrast key facts about Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) and Invesco S&P 500® Momentum ETF (SPMO).
ROMO and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ROMO is a passively managed fund by Rational Capital LLC that tracks the performance of the Newfound/ReSolve Robust Equity Momentum Index. It was launched on Nov 1, 2019. 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 ROMO 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: ROMO or SPMO.
Performance
ROMO vs. SPMO - Performance Comparison
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Key characteristics
ROMO:
0.59
SPMO:
1.13
ROMO:
0.80
SPMO:
1.66
ROMO:
1.11
SPMO:
1.24
ROMO:
0.54
SPMO:
1.42
ROMO:
1.85
SPMO:
5.12
ROMO:
4.09%
SPMO:
5.58%
ROMO:
14.37%
SPMO:
25.09%
ROMO:
-28.66%
SPMO:
-30.95%
ROMO:
-5.23%
SPMO:
-0.05%
Returns By Period
In the year-to-date period, ROMO achieves a -1.44% return, which is significantly lower than SPMO's 10.97% return.
ROMO
-1.44%
1.10%
-3.07%
8.42%
7.45%
8.71%
N/A
SPMO
10.97%
11.01%
9.92%
28.24%
24.08%
21.18%
N/A
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ROMO vs. SPMO - Expense Ratio Comparison
ROMO has a 0.82% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
ROMO vs. SPMO — Risk-Adjusted Performance Rank
ROMO
SPMO
ROMO vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) 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
ROMO vs. SPMO - Dividend Comparison
ROMO's dividend yield for the trailing twelve months is around 0.77%, more than SPMO's 0.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ROMO Strategy Shares Newfound/ReSolve Robust Momentum ETF | 0.77% | 0.76% | 2.42% | 0.77% | 0.56% | 0.97% | 0.58% | 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
ROMO vs. SPMO - Drawdown Comparison
The maximum ROMO drawdown since its inception was -28.66%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for ROMO and SPMO.
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Volatility
ROMO vs. SPMO - Volatility Comparison
The current volatility for Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) is 1.73%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.54%. This indicates that ROMO 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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