Correlation
The correlation between SPMIX and SPMO is 0.77, 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.
SPMIX vs. SPMO
Compare and contrast key facts about Shelton Capital Management S&P Midcap Index Fund (SPMIX) and Invesco S&P 500® Momentum ETF (SPMO).
SPMIX is managed by Blackrock. It was launched on Apr 20, 1992. 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: SPMIX or SPMO.
Performance
SPMIX vs. SPMO - Performance Comparison
Loading data...
Key characteristics
SPMIX:
0.11
SPMO:
1.22
SPMIX:
0.31
SPMO:
1.64
SPMIX:
1.04
SPMO:
1.23
SPMIX:
0.09
SPMO:
1.39
SPMIX:
0.28
SPMO:
5.03
SPMIX:
7.96%
SPMO:
5.58%
SPMIX:
21.95%
SPMO:
25.08%
SPMIX:
-55.44%
SPMO:
-30.95%
SPMIX:
-11.05%
SPMO:
0.00%
Returns By Period
In the year-to-date period, SPMIX achieves a -3.52% return, which is significantly lower than SPMO's 11.09% return.
SPMIX
-3.52%
5.33%
-10.39%
2.47%
7.26%
12.24%
8.32%
SPMO
11.09%
10.05%
9.23%
30.10%
24.56%
21.21%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPMIX vs. SPMO - Expense Ratio Comparison
SPMIX has a 0.62% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
SPMIX vs. SPMO — Risk-Adjusted Performance Rank
SPMIX
SPMO
SPMIX vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Shelton Capital Management S&P Midcap Index Fund (SPMIX) 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.
Loading data...
Dividends
SPMIX vs. SPMO - Dividend Comparison
SPMIX's dividend yield for the trailing twelve months is around 11.18%, more than SPMO's 0.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMIX Shelton Capital Management S&P Midcap Index Fund | 11.18% | 10.76% | 6.12% | 9.15% | 9.87% | 8.80% | 7.32% | 13.75% | 7.00% | 16.77% | 19.89% | 8.24% |
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% | 0.00% |
Drawdowns
SPMIX vs. SPMO - Drawdown Comparison
The maximum SPMIX drawdown since its inception was -55.44%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for SPMIX and SPMO.
Loading data...
Volatility
SPMIX vs. SPMO - Volatility Comparison
Shelton Capital Management S&P Midcap Index Fund (SPMIX) has a higher volatility of 5.91% compared to Invesco S&P 500® Momentum ETF (SPMO) at 5.51%. This indicates that SPMIX's price experiences larger fluctuations and is considered to be riskier than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...