SPMO vs. VWIAX
Compare and contrast key facts about Invesco S&P 500® Momentum ETF (SPMO) and Vanguard Wellesley Income Fund Admiral Shares (VWIAX).
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. VWIAX is managed by Vanguard. It was launched on May 14, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPMO or VWIAX.
Performance
SPMO vs. VWIAX - Performance Comparison
Returns By Period
In the year-to-date period, SPMO achieves a 43.90% return, which is significantly higher than VWIAX's 7.32% return.
SPMO
43.90%
-0.13%
15.88%
53.17%
19.64%
N/A
VWIAX
7.32%
-1.13%
4.82%
14.76%
2.59%
3.33%
Key characteristics
| SPMO | VWIAX | |
|---|---|---|
| Sharpe Ratio | 3.04 | 2.32 |
| Sortino Ratio | 3.97 | 3.53 |
| Omega Ratio | 1.54 | 1.47 |
| Calmar Ratio | 4.11 | 1.03 |
| Martin Ratio | 17.04 | 14.63 |
| Ulcer Index | 3.17% | 1.04% |
| Daily Std Dev | 17.79% | 6.57% |
| Max Drawdown | -30.95% | -23.93% |
| Current Drawdown | -3.03% | -2.25% |
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SPMO vs. VWIAX - Expense Ratio Comparison
SPMO has a 0.13% expense ratio, which is lower than VWIAX's 0.16% 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%.
Correlation
The correlation between SPMO and VWIAX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
SPMO vs. VWIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Momentum ETF (SPMO) and Vanguard Wellesley Income Fund Admiral Shares (VWIAX). 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. VWIAX - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.46%, less than VWIAX's 5.86% 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% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 5.86% | 5.80% | 3.25% | 2.55% | 2.72% | 2.97% | 3.38% | 2.92% | 3.02% | 3.18% | 3.23% | 3.13% |
Drawdowns
SPMO vs. VWIAX - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, which is greater than VWIAX's maximum drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for SPMO and VWIAX. For additional features, visit the drawdowns tool.
Volatility
SPMO vs. VWIAX - Volatility Comparison
Invesco S&P 500® Momentum ETF (SPMO) has a higher volatility of 5.09% compared to Vanguard Wellesley Income Fund Admiral Shares (VWIAX) at 1.64%. This indicates that SPMO's price experiences larger fluctuations and is considered to be riskier than VWIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.