PortfoliosLab logo
PortfoliosLab logo
Tools
Portfolios
Screeners
Discussions
SIXA vs. SPMO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SIXA and SPMO is 0.85, 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.

SIXA vs. SPMO

Last updated May 31, 2025

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.

Performance

SIXA vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 6 Meridian Mega Cap Equity ETF (SIXA) and Invesco S&P 500® Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

Loading data...

Key characteristics

Sharpe Ratio

SIXA:

1.39

SPMO:

1.22

Sortino Ratio

SIXA:

1.87

SPMO:

1.64

Omega Ratio

SIXA:

1.28

SPMO:

1.23

Calmar Ratio

SIXA:

1.70

SPMO:

1.39

Martin Ratio

SIXA:

7.53

SPMO:

5.03

Ulcer Index

SIXA:

2.53%

SPMO:

5.58%

Daily Std Dev

SIXA:

14.42%

SPMO:

25.08%

Max Drawdown

SIXA:

-18.38%

SPMO:

-30.95%

Current Drawdown

SIXA:

0.00%

SPMO:

0.00%

Returns By Period

In the year-to-date period, SIXA achieves a 8.33% return, which is significantly lower than SPMO's 11.09% return.

SIXA

YTD

8.33%

1M

2.24%

6M

3.13%

1Y

19.94%

3Y*

13.66%

5Y*

14.90%

10Y*

N/A

SPMO

YTD

11.09%

1M

11.40%

6M

9.23%

1Y

30.41%

3Y*

24.56%

5Y*

21.21%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

6 Meridian Mega Cap Equity ETF

Invesco S&P 500® Momentum ETF

SIXA vs. SPMO - Expense Ratio Comparison

SIXA has a 0.86% expense ratio, which is higher than SPMO's 0.13% expense ratio.

SIXA
6 Meridian Mega Cap Equity ETF
SPMO
Invesco S&P 500® Momentum ETF
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

SIXA vs. SPMO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SIXA
The Risk-Adjusted Performance Rank of SIXA is 8888
Overall Rank
The Sharpe Ratio Rank of SIXA is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of SIXA is 8686
Sortino Ratio Rank
The Omega Ratio Rank of SIXA is 8888
Omega Ratio Rank
The Calmar Ratio Rank of SIXA is 9090
Calmar Ratio Rank
The Martin Ratio Rank of SIXA is 8989
Martin Ratio Rank
SPMO
The Risk-Adjusted Performance Rank of SPMO is 8484
Overall Rank
The Sharpe Ratio Rank of SPMO is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of SPMO is 8383
Sortino Ratio Rank
The Omega Ratio Rank of SPMO is 8484
Omega Ratio Rank
The Calmar Ratio Rank of SPMO is 8787
Calmar Ratio Rank
The Martin Ratio Rank of SPMO is 8383
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current SIXA Sharpe Ratio is 1.39, which is comparable to the SPMO Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of SIXA and SPMO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading data...

Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

SIXA vs. SPMO - Dividend Comparison

SIXA's dividend yield for the trailing twelve months is around 1.92%, more than SPMO's 0.48% yield.

TTM2024202320222021202020192018201720162015
SIXA
6 Meridian Mega Cap Equity ETF		1.92%1.62%2.12%2.23%1.63%1.13%0.00%0.00%0.00%0.00%0.00%
SPMO
Invesco S&P 500® Momentum ETF		0.48%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.

Loading data...

Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

SIXA vs. SPMO - Volatility Comparison

The current volatility for 6 Meridian Mega Cap Equity ETF (SIXA) is 3.73%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.51%. 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.

Loading data...