SPVM vs. MTUM
Compare and contrast key facts about Invesco S&P 500 Value with Momentum ETF (SPVM) and iShares Edge MSCI USA Momentum Factor ETF (MTUM).
SPVM and MTUM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPVM is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Momentum Value Index. It was launched on Jun 16, 2011. MTUM is a passively managed fund by iShares that tracks the performance of the MSCI USA Momentum Index. It was launched on Apr 16, 2013. Both SPVM and MTUM 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: SPVM or MTUM.
Key characteristics
| SPVM | MTUM | |
|---|---|---|
| YTD Return | 7.23% | 17.23% |
| 1Y Return | 18.76% | 32.08% |
| 3Y Return (Ann) | 4.64% | 4.26% |
| 5Y Return (Ann) | 9.29% | 11.66% |
| 10Y Return (Ann) | 9.06% | 13.34% |
| Sharpe Ratio | 1.76 | 2.20 |
| Daily Std Dev | 11.94% | 15.58% |
| Max Drawdown | -45.36% | -34.08% |
| Current Drawdown | -4.03% | -2.79% |
Correlation
The correlation between SPVM and MTUM is 0.61, 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.
Performance
SPVM vs. MTUM - Performance Comparison
In the year-to-date period, SPVM achieves a 7.23% return, which is significantly lower than MTUM's 17.23% return. Over the past 10 years, SPVM has underperformed MTUM with an annualized return of 9.06%, while MTUM has yielded a comparatively higher 13.34% annualized 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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SPVM vs. MTUM - Expense Ratio Comparison
SPVM has a 0.39% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Risk-Adjusted Performance
SPVM vs. MTUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Value with Momentum ETF (SPVM) and iShares Edge MSCI USA Momentum Factor ETF (MTUM). 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
SPVM vs. MTUM - Dividend Comparison
SPVM's dividend yield for the trailing twelve months is around 2.11%, more than MTUM's 0.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPVM Invesco S&P 500 Value with Momentum ETF | 2.11% | 2.45% | 2.33% | 1.41% | 2.11% | 2.40% | 3.10% | 1.68% | 2.80% | 2.67% | 1.94% | 1.92% |
MTUM iShares Edge MSCI USA Momentum Factor ETF | 0.80% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% | 1.04% | 1.02% |
Drawdowns
SPVM vs. MTUM - Drawdown Comparison
The maximum SPVM drawdown since its inception was -45.36%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for SPVM and MTUM. For additional features, visit the drawdowns tool.
Volatility
SPVM vs. MTUM - Volatility Comparison
The current volatility for Invesco S&P 500 Value with Momentum ETF (SPVM) is 3.37%, while iShares Edge MSCI USA Momentum Factor ETF (MTUM) has a volatility of 6.11%. This indicates that SPVM experiences smaller price fluctuations and is considered to be less risky than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.