SPMO vs. QCLN
Compare and contrast key facts about Invesco S&P 500® Momentum ETF (SPMO) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).
SPMO and QCLN 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. QCLN is a passively managed fund by First Trust that tracks the performance of the NASDAQ Clean Edge Green Energy. It was launched on Feb 8, 2007. Both SPMO and QCLN 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 QCLN.
Correlation
The correlation between SPMO and QCLN 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.
Performance
SPMO vs. QCLN - Performance Comparison
Key characteristics
SPMO:
0.93
QCLN:
-0.25
SPMO:
1.40
QCLN:
-0.12
SPMO:
1.20
QCLN:
0.99
SPMO:
1.14
QCLN:
-0.13
SPMO:
4.23
QCLN:
-0.62
SPMO:
5.42%
QCLN:
14.95%
SPMO:
24.76%
QCLN:
36.71%
SPMO:
-30.95%
QCLN:
-76.18%
SPMO:
-8.77%
QCLN:
-67.51%
Returns By Period
In the year-to-date period, SPMO achieves a -0.85% return, which is significantly higher than QCLN's -17.10% return.
SPMO
-0.85%
-0.41%
1.83%
22.68%
20.21%
N/A
QCLN
-17.10%
-5.32%
-16.93%
-11.41%
3.80%
4.57%
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SPMO vs. QCLN - Expense Ratio Comparison
SPMO has a 0.13% expense ratio, which is lower than QCLN's 0.60% expense ratio.
Risk-Adjusted Performance
SPMO vs. QCLN — Risk-Adjusted Performance Rank
SPMO
QCLN
SPMO vs. QCLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Momentum ETF (SPMO) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN). 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. QCLN - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.54%, less than QCLN's 1.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500® Momentum ETF | 0.54% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% | 0.00% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 1.12% | 0.87% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.24% | 0.72% | 0.79% |
Drawdowns
SPMO vs. QCLN - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum QCLN drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for SPMO and QCLN. For additional features, visit the drawdowns tool.
Volatility
SPMO vs. QCLN - Volatility Comparison
The current volatility for Invesco S&P 500® Momentum ETF (SPMO) is 16.81%, while First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a volatility of 18.89%. This indicates that SPMO experiences smaller price fluctuations and is considered to be less risky than QCLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.