SIXA vs. SPMO
Compare and contrast key facts about 6 Meridian Mega Cap Equity ETF (SIXA) and Invesco S&P 500® Momentum ETF (SPMO).
SIXA and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SIXA is an actively managed fund by Exchange Traded Concepts. It was launched on May 11, 2020. 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: SIXA or SPMO.
Correlation
The correlation between SIXA and SPMO is 0.76, 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
SIXA vs. SPMO - Performance Comparison
Key characteristics
SIXA:
2.36
SPMO:
2.12
SIXA:
3.32
SPMO:
2.80
SIXA:
1.43
SPMO:
1.38
SIXA:
3.55
SPMO:
2.95
SIXA:
12.69
SPMO:
11.88
SIXA:
1.80%
SPMO:
3.27%
SIXA:
9.70%
SPMO:
18.38%
SIXA:
-18.38%
SPMO:
-30.95%
SIXA:
0.00%
SPMO:
-0.18%
Returns By Period
In the year-to-date period, SIXA achieves a 6.38% return, which is significantly lower than SPMO's 8.48% return.
SIXA
6.38%
4.75%
8.58%
22.69%
N/A
N/A
SPMO
8.48%
4.48%
15.64%
38.38%
19.59%
N/A
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SIXA vs. SPMO - Expense Ratio Comparison
SIXA has a 0.86% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
SIXA vs. SPMO — Risk-Adjusted Performance Rank
SIXA
SPMO
SIXA vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for 6 Meridian Mega Cap Equity ETF (SIXA) 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
SIXA vs. SPMO - Dividend Comparison
SIXA's dividend yield for the trailing twelve months is around 1.68%, more than SPMO's 0.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SIXA 6 Meridian Mega Cap Equity ETF | 1.68% | 1.62% | 2.13% | 2.23% | 1.63% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.44% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
SIXA vs. SPMO - Drawdown Comparison
The maximum SIXA drawdown since its inception was -18.38%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for SIXA and SPMO. For additional features, visit the drawdowns tool.
Volatility
SIXA vs. SPMO - Volatility Comparison
The current volatility for 6 Meridian Mega Cap Equity ETF (SIXA) is 2.39%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 4.84%. This indicates that SIXA 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.