SPMFX vs. SPMO
Compare and contrast key facts about Symmetry Panoramic Municipal Fixed Income Fund (SPMFX) and Invesco S&P 500 Momentum ETF (SPMO).
SPMFX is managed by Symmetry Partners. It was launched on Nov 11, 2018. 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.
Performance
SPMFX vs. SPMO - Performance Comparison
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SPMFX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPMFX Symmetry Panoramic Municipal Fixed Income Fund | -0.38% | 3.23% | 1.81% | 3.41% | -3.04% | -0.31% | 1.47% | 2.31% | 0.88% |
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -7.44% |
Returns By Period
In the year-to-date period, SPMFX achieves a -0.38% return, which is significantly higher than SPMO's -3.77% return.
SPMFX
- 1D
- 0.20%
- 1M
- -1.87%
- YTD
- -0.38%
- 6M
- 0.61%
- 1Y
- 2.72%
- 3Y*
- 2.22%
- 5Y*
- 0.98%
- 10Y*
- —
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
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SPMFX vs. SPMO - Expense Ratio Comparison
SPMFX has a 0.41% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
SPMFX vs. SPMO — Risk / Return Rank
SPMFX
SPMO
SPMFX vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Symmetry Panoramic Municipal Fixed Income Fund (SPMFX) 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.
| SPMFX | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.06 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.60 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.96 | -0.51 |
Martin ratioReturn relative to average drawdown | 4.70 | 6.90 | -2.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPMFX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.06 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.93 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.86 | -0.20 |
Correlation
The correlation between SPMFX and SPMO is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SPMFX vs. SPMO - Dividend Comparison
SPMFX's dividend yield for the trailing twelve months is around 2.38%, more than SPMO's 0.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMFX Symmetry Panoramic Municipal Fixed Income Fund | 2.38% | 2.05% | 2.50% | 1.52% | 0.59% | 0.27% | 0.68% | 1.00% | 0.08% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
SPMFX vs. SPMO - Drawdown Comparison
The maximum SPMFX drawdown since its inception was -5.39%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for SPMFX and SPMO.
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Drawdown Indicators
| SPMFX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.39% | -30.95% | +25.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -12.70% | +10.30% |
Max Drawdown (5Y)Largest decline over 5 years | -5.39% | -22.74% | +17.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -2.06% | -7.31% | +5.25% |
Average DrawdownAverage peak-to-trough decline | -1.01% | -4.66% | +3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 3.60% | -2.86% |
Volatility
SPMFX vs. SPMO - Volatility Comparison
The current volatility for Symmetry Panoramic Municipal Fixed Income Fund (SPMFX) is 1.26%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.22%. This indicates that SPMFX 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.
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Volatility by Period
| SPMFX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 7.22% | -5.96% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 12.80% | -11.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.85% | 22.77% | -19.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.91% | 19.08% | -17.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.91% | 20.09% | -18.18% |