SPMO vs. MTUM
Compare and contrast key facts about Invesco S&P 500® Momentum ETF (SPMO) and iShares Edge MSCI USA Momentum Factor ETF (MTUM).
SPMO and MTUM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. MTUM is a passively managed fund by iShares that tracks the performance of the MSCI USA Momentum Index. It was launched on Apr 16, 2013. Both SPMO and MTUM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPMO or MTUM.
Correlation
The correlation between SPMO and MTUM is 0.82, 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
SPMO vs. MTUM - Performance Comparison
Key characteristics
SPMO:
0.82
MTUM:
0.39
SPMO:
1.20
MTUM:
0.65
SPMO:
1.15
MTUM:
1.08
SPMO:
1.19
MTUM:
0.55
SPMO:
3.84
MTUM:
1.75
SPMO:
4.08%
MTUM:
4.55%
SPMO:
19.22%
MTUM:
20.35%
SPMO:
-30.95%
MTUM:
-34.08%
SPMO:
-10.55%
MTUM:
-12.25%
Returns By Period
The year-to-date returns for both investments are quite close, with SPMO having a -2.78% return and MTUM slightly higher at -2.68%.
SPMO
-2.78%
-7.45%
2.45%
15.55%
22.23%
N/A
MTUM
-2.68%
-7.81%
0.07%
8.21%
14.86%
12.53%
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SPMO vs. MTUM - Expense Ratio Comparison
SPMO has a 0.13% expense ratio, which is lower than MTUM's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPMO vs. MTUM — Risk-Adjusted Performance Rank
SPMO
MTUM
SPMO vs. MTUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Momentum ETF (SPMO) and iShares Edge MSCI USA Momentum Factor ETF (MTUM). 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
SPMO vs. MTUM - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.55%, less than MTUM's 0.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500® Momentum ETF | 0.55% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% | 0.00% |
MTUM iShares Edge MSCI USA Momentum Factor ETF | 0.95% | 0.75% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% | 1.04% |
Drawdowns
SPMO vs. MTUM - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for SPMO and MTUM. For additional features, visit the drawdowns tool.
Volatility
SPMO vs. MTUM - Volatility Comparison
The current volatility for Invesco S&P 500® Momentum ETF (SPMO) is 7.62%, while iShares Edge MSCI USA Momentum Factor ETF (MTUM) has a volatility of 9.25%. This indicates that SPMO experiences smaller price fluctuations and is considered to be less risky than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.