Correlation
The correlation between SPMYY and SPMO is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
SPMYY vs. SPMO
Compare and contrast key facts about Spirent Communications plc ADR (SPMYY) and Invesco S&P 500® Momentum ETF (SPMO).
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: SPMYY or SPMO.
Performance
SPMYY vs. SPMO - Performance Comparison
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Key characteristics
SPMYY:
0.15
SPMO:
1.13
SPMYY:
0.41
SPMO:
1.66
SPMYY:
1.12
SPMO:
1.24
SPMYY:
0.10
SPMO:
1.42
SPMYY:
0.80
SPMO:
5.12
SPMYY:
5.63%
SPMO:
5.58%
SPMYY:
30.05%
SPMO:
25.09%
SPMYY:
-94.29%
SPMO:
-30.95%
SPMYY:
-36.05%
SPMO:
-0.05%
Returns By Period
In the year-to-date period, SPMYY achieves a 7.05% return, which is significantly lower than SPMO's 10.97% return.
SPMYY
7.05%
6.60%
11.58%
4.48%
-3.02%
-1.41%
9.06%
SPMO
10.97%
11.01%
9.92%
28.24%
24.08%
21.18%
N/A
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Risk-Adjusted Performance
SPMYY vs. SPMO — Risk-Adjusted Performance Rank
SPMYY
SPMO
SPMYY vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Spirent Communications plc ADR (SPMYY) 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.
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Dividends
SPMYY vs. SPMO - Dividend Comparison
SPMYY has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.49%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMYY Spirent Communications plc ADR | 0.00% | 0.00% | 4.72% | 2.09% | 3.77% | 1.56% | 1.44% | 6.06% | 2.99% | 3.33% | 3.49% | 3.12% |
SPMO Invesco S&P 500® Momentum ETF | 0.49% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% | 0.00% |
Drawdowns
SPMYY vs. SPMO - Drawdown Comparison
The maximum SPMYY drawdown since its inception was -94.29%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for SPMYY and SPMO.
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Volatility
SPMYY vs. SPMO - Volatility Comparison
Spirent Communications plc ADR (SPMYY) has a higher volatility of 8.03% compared to Invesco S&P 500® Momentum ETF (SPMO) at 5.54%. This indicates that SPMYY'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.
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