TRSGX vs. SPMO
Compare and contrast key facts about T. Rowe Price Spectrum Moderate Growth Allocation Fund (TRSGX) and Invesco S&P 500 Momentum ETF (SPMO).
TRSGX is managed by T. Rowe Price. It was launched on Jul 28, 1994. 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.
Performance
TRSGX vs. SPMO - Performance Comparison
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TRSGX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRSGX T. Rowe Price Spectrum Moderate Growth Allocation Fund | -0.80% | 17.00% | 12.40% | 18.04% | -19.70% | 14.03% | 16.66% | 24.69% | -6.02% | 20.56% |
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Returns By Period
In the year-to-date period, TRSGX achieves a -0.80% return, which is significantly higher than SPMO's -3.77% return. Over the past 10 years, TRSGX has underperformed SPMO with an annualized return of 9.55%, while SPMO has yielded a comparatively higher 17.41% annualized return.
TRSGX
- 1D
- 2.35%
- 1M
- -5.52%
- YTD
- -0.80%
- 6M
- 1.70%
- 1Y
- 15.18%
- 3Y*
- 13.42%
- 5Y*
- 5.90%
- 10Y*
- 9.55%
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
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TRSGX vs. SPMO - Expense Ratio Comparison
TRSGX has a 0.61% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
TRSGX vs. SPMO — Risk / Return Rank
TRSGX
SPMO
TRSGX vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Spectrum Moderate Growth Allocation Fund (TRSGX) 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.
| TRSGX | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 1.06 | +0.10 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.60 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.96 | -0.36 |
Martin ratioReturn relative to average drawdown | 7.09 | 6.90 | +0.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRSGX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 1.06 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.93 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.87 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.86 | -0.30 |
Correlation
The correlation between TRSGX and SPMO is 0.74, 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.
Dividends
TRSGX vs. SPMO - Dividend Comparison
TRSGX's dividend yield for the trailing twelve months is around 6.73%, more than SPMO's 0.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRSGX T. Rowe Price Spectrum Moderate Growth Allocation Fund | 6.73% | 6.68% | 6.48% | 1.84% | 7.61% | 9.36% | 2.60% | 3.51% | 7.11% | 3.57% | 2.20% | 6.79% |
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
TRSGX vs. SPMO - Drawdown Comparison
The maximum TRSGX drawdown since its inception was -51.79%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for TRSGX and SPMO.
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Drawdown Indicators
| TRSGX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.79% | -30.95% | -20.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.81% | -12.70% | +2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -26.83% | -22.74% | -4.09% |
Max Drawdown (10Y)Largest decline over 10 years | -29.62% | -30.95% | +1.33% |
Current DrawdownCurrent decline from peak | -6.17% | -7.31% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -4.66% | -1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 3.60% | -1.39% |
Volatility
TRSGX vs. SPMO - Volatility Comparison
The current volatility for T. Rowe Price Spectrum Moderate Growth Allocation Fund (TRSGX) is 5.14%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.22%. This indicates that TRSGX experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRSGX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 7.22% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.00% | 12.80% | -4.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.47% | 22.77% | -9.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 19.08% | -6.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.80% | 20.09% | -6.29% |