SPMO vs. SPUC
Compare and contrast key facts about Invesco S&P 500® Momentum ETF (SPMO) and Simplify US Equity PLUS Upside Convexity ETF (SPUC).
SPMO and SPUC 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. SPUC is an actively managed fund by Simplify Asset Management Inc.. It was launched on Sep 3, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPMO or SPUC.
Key characteristics
| SPMO | SPUC | |
|---|---|---|
| YTD Return | 47.91% | 36.01% |
| 1Y Return | 57.54% | 47.12% |
| 3Y Return (Ann) | 15.44% | 10.12% |
| Sharpe Ratio | 3.40 | 2.53 |
| Sortino Ratio | 4.38 | 3.30 |
| Omega Ratio | 1.61 | 1.43 |
| Calmar Ratio | 4.57 | 3.45 |
| Martin Ratio | 19.03 | 10.56 |
| Ulcer Index | 3.16% | 4.75% |
| Daily Std Dev | 17.69% | 19.81% |
| Max Drawdown | -30.95% | -29.20% |
| Current Drawdown | -0.33% | -0.87% |
Correlation
The correlation between SPMO and SPUC is 0.83, 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. SPUC - Performance Comparison
In the year-to-date period, SPMO achieves a 47.91% return, which is significantly higher than SPUC's 36.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPMO vs. SPUC - Expense Ratio Comparison
SPMO has a 0.13% expense ratio, which is lower than SPUC's 0.29% expense ratio.
Risk-Adjusted Performance
SPMO vs. SPUC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Momentum ETF (SPMO) and Simplify US Equity PLUS Upside Convexity ETF (SPUC). 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. SPUC - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.44%, less than SPUC's 0.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500® Momentum ETF | 0.44% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
SPUC Simplify US Equity PLUS Upside Convexity ETF | 0.97% | 1.33% | 1.53% | 2.10% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPMO vs. SPUC - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, which is greater than SPUC's maximum drawdown of -29.20%. Use the drawdown chart below to compare losses from any high point for SPMO and SPUC. For additional features, visit the drawdowns tool.
Volatility
SPMO vs. SPUC - Volatility Comparison
The current volatility for Invesco S&P 500® Momentum ETF (SPMO) is 4.64%, while Simplify US Equity PLUS Upside Convexity ETF (SPUC) has a volatility of 5.52%. This indicates that SPMO experiences smaller price fluctuations and is considered to be less risky than SPUC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.