Correlation
The correlation between SPMFX and SPMO is 0.07, 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.
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPMFX or SPMO.
Performance
SPMFX vs. SPMO - Performance Comparison
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Key characteristics
SPMFX:
0.75
SPMO:
1.22
SPMFX:
0.84
SPMO:
1.64
SPMFX:
1.17
SPMO:
1.23
SPMFX:
0.60
SPMO:
1.39
SPMFX:
2.14
SPMO:
5.03
SPMFX:
0.80%
SPMO:
5.58%
SPMFX:
2.57%
SPMO:
25.08%
SPMFX:
-5.38%
SPMO:
-30.95%
SPMFX:
-1.45%
SPMO:
0.00%
Returns By Period
In the year-to-date period, SPMFX achieves a -0.47% return, which is significantly lower than SPMO's 11.09% return.
SPMFX
-0.47%
0.00%
-0.74%
1.92%
1.43%
0.30%
N/A
SPMO
11.09%
11.40%
9.23%
30.41%
24.56%
21.21%
N/A
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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.
Risk-Adjusted Performance
SPMFX vs. SPMO — Risk-Adjusted Performance Rank
SPMFX
SPMO
SPMFX vs. SPMO - Risk-Adjusted Performance 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.
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Dividends
SPMFX vs. SPMO - Dividend Comparison
SPMFX's dividend yield for the trailing twelve months is around 2.33%, more than SPMO's 0.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPMFX Symmetry Panoramic Municipal Fixed Income Fund | 2.33% | 2.53% | 1.54% | 0.60% | 0.28% | 0.70% | 1.01% | 0.08% | 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
SPMFX vs. SPMO - Drawdown Comparison
The maximum SPMFX drawdown since its inception was -5.38%, 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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Volatility
SPMFX vs. SPMO - Volatility Comparison
The current volatility for Symmetry Panoramic Municipal Fixed Income Fund (SPMFX) is 0.55%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.51%. 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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