ROMO vs. SPY
Compare and contrast key facts about Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) and SPDR S&P 500 ETF (SPY).
ROMO and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both ROMO and SPY 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 SPY.
Key characteristics
| ROMO | SPY | |
|---|---|---|
| YTD Return | 7.13% | 7.90% |
| 1Y Return | 13.77% | 28.03% |
| 3Y Return (Ann) | 2.61% | 8.75% |
| Sharpe Ratio | 1.29 | 2.33 |
| Daily Std Dev | 10.62% | 11.63% |
| Max Drawdown | -28.66% | -55.19% |
| Current Drawdown | -4.00% | -2.27% |
Correlation
The correlation between ROMO and SPY 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
ROMO vs. SPY - Performance Comparison
In the year-to-date period, ROMO achieves a 7.13% return, which is significantly lower than SPY's 7.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ROMO vs. SPY - Expense Ratio Comparison
ROMO has a 0.82% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ROMO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) and SPDR S&P 500 ETF (SPY). 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
ROMO vs. SPY - Dividend Comparison
ROMO's dividend yield for the trailing twelve months is around 2.26%, more than SPY's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROMO Strategy Shares Newfound/ReSolve Robust Momentum ETF | 2.26% | 2.42% | 0.77% | 0.56% | 0.97% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.31% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ROMO vs. SPY - Drawdown Comparison
The maximum ROMO drawdown since its inception was -28.66%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ROMO and SPY. For additional features, visit the drawdowns tool.
Volatility
ROMO vs. SPY - Volatility Comparison
Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) and SPDR S&P 500 ETF (SPY) have volatilities of 3.88% and 4.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.