SEIM vs. SPMO
Compare and contrast key facts about SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) and Invesco S&P 500® Momentum ETF (SPMO).
SEIM and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SEIM is an actively managed fund by SEI. It was launched on May 16, 2022. 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: SEIM or SPMO.
Key characteristics
| SEIM | SPMO | |
|---|---|---|
| YTD Return | 25.50% | 35.68% |
| 1Y Return | 36.11% | 51.03% |
| Sharpe Ratio | 2.40 | 2.86 |
| Daily Std Dev | 15.34% | 17.95% |
| Max Drawdown | -14.14% | -30.95% |
| Current Drawdown | -0.11% | -3.26% |
Correlation
The correlation between SEIM 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.
Performance
SEIM vs. SPMO - Performance Comparison
In the year-to-date period, SEIM achieves a 25.50% return, which is significantly lower than SPMO's 35.68% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SEIM vs. SPMO - Expense Ratio Comparison
SEIM has a 0.15% expense ratio, which is higher than SPMO's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SEIM vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) 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
SEIM vs. SPMO - Dividend Comparison
SEIM's dividend yield for the trailing twelve months is around 0.47%, more than SPMO's 0.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEIM SEI Enhanced US Large Cap Momentum Factor ETF | 0.47% | 0.89% | 1.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.41% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
SEIM vs. SPMO - Drawdown Comparison
The maximum SEIM drawdown since its inception was -14.14%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for SEIM and SPMO. For additional features, visit the drawdowns tool.
Volatility
SEIM vs. SPMO - Volatility Comparison
The current volatility for SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) is 5.08%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.89%. This indicates that SEIM 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.