SEIQ vs. SPMO
Compare and contrast key facts about SEI Enhanced US Large Cap Quality Factor ETF (SEIQ) and Invesco S&P 500® Momentum ETF (SPMO).
SEIQ and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SEIQ 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: SEIQ or SPMO.
Correlation
The correlation between SEIQ 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.
Performance
SEIQ vs. SPMO - Performance Comparison
Key characteristics
SEIQ:
0.88
SPMO:
0.95
SEIQ:
1.31
SPMO:
1.42
SEIQ:
1.19
SPMO:
1.20
SEIQ:
0.97
SPMO:
1.16
SEIQ:
3.98
SPMO:
4.26
SEIQ:
3.46%
SPMO:
5.50%
SEIQ:
15.71%
SPMO:
24.72%
SEIQ:
-14.87%
SPMO:
-30.95%
SEIQ:
-4.94%
SPMO:
-8.24%
Returns By Period
In the year-to-date period, SEIQ achieves a -0.08% return, which is significantly higher than SPMO's -0.27% return.
SEIQ
-0.08%
-0.02%
0.12%
15.34%
N/A
N/A
SPMO
-0.27%
2.20%
2.37%
25.36%
20.80%
N/A
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SEIQ vs. SPMO - Expense Ratio Comparison
SEIQ 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
SEIQ vs. SPMO — Risk-Adjusted Performance Rank
SEIQ
SPMO
SEIQ vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Enhanced US Large Cap Quality Factor ETF (SEIQ) 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
SEIQ vs. SPMO - Dividend Comparison
SEIQ's dividend yield for the trailing twelve months is around 1.06%, more than SPMO's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SEIQ SEI Enhanced US Large Cap Quality Factor ETF | 1.06% | 0.97% | 1.08% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.54% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
SEIQ vs. SPMO - Drawdown Comparison
The maximum SEIQ drawdown since its inception was -14.87%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for SEIQ and SPMO. For additional features, visit the drawdowns tool.
Volatility
SEIQ vs. SPMO - Volatility Comparison
The current volatility for SEI Enhanced US Large Cap Quality Factor ETF (SEIQ) is 11.08%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 16.62%. This indicates that SEIQ 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.