SPMO vs. VSMGX
Compare and contrast key facts about Invesco S&P 500® Momentum ETF (SPMO) and Vanguard LifeStrategy Moderate Growth Fund (VSMGX).
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. VSMGX is managed by Vanguard. It was launched on Sep 30, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPMO or VSMGX.
Performance
SPMO vs. VSMGX - Performance Comparison
Returns By Period
In the year-to-date period, SPMO achieves a 43.82% return, which is significantly higher than VSMGX's 10.37% return.
SPMO
43.82%
0.25%
16.47%
53.99%
19.76%
N/A
VSMGX
10.37%
-1.48%
4.86%
15.52%
5.31%
5.42%
Key characteristics
| SPMO | VSMGX | |
|---|---|---|
| Sharpe Ratio | 3.03 | 2.06 |
| Sortino Ratio | 3.96 | 2.94 |
| Omega Ratio | 1.54 | 1.38 |
| Calmar Ratio | 4.09 | 1.36 |
| Martin Ratio | 17.02 | 12.36 |
| Ulcer Index | 3.17% | 1.27% |
| Daily Std Dev | 17.76% | 7.62% |
| Max Drawdown | -30.95% | -41.18% |
| Current Drawdown | -3.09% | -1.77% |
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SPMO vs. VSMGX - Expense Ratio Comparison
Both SPMO and VSMGX have an expense ratio of 0.13%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between SPMO and VSMGX is 0.71, 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.
Risk-Adjusted Performance
SPMO vs. VSMGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Momentum ETF (SPMO) and Vanguard LifeStrategy Moderate Growth Fund (VSMGX). 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. VSMGX - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.46%, less than VSMGX's 2.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500® Momentum ETF | 0.46% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% | 0.00% | 0.00% |
VSMGX Vanguard LifeStrategy Moderate Growth Fund | 2.62% | 2.63% | 2.10% | 1.91% | 1.71% | 2.45% | 2.65% | 2.15% | 2.22% | 2.19% | 2.10% | 1.93% |
Drawdowns
SPMO vs. VSMGX - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum VSMGX drawdown of -41.18%. Use the drawdown chart below to compare losses from any high point for SPMO and VSMGX. For additional features, visit the drawdowns tool.
Volatility
SPMO vs. VSMGX - Volatility Comparison
Invesco S&P 500® Momentum ETF (SPMO) has a higher volatility of 5.09% compared to Vanguard LifeStrategy Moderate Growth Fund (VSMGX) at 2.10%. This indicates that SPMO's price experiences larger fluctuations and is considered to be riskier than VSMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.