TSPY vs. SPMO
Compare and contrast key facts about TappAlpha SPY Growth & Daily Income ETF (TSPY) and Invesco S&P 500® Momentum ETF (SPMO).
TSPY and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSPY is an actively managed fund by TappAlpha. It was launched on Aug 14, 2024. 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: TSPY or SPMO.
Correlation
The correlation between TSPY and SPMO is 0.78, 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
TSPY vs. SPMO - Performance Comparison
Key characteristics
TSPY:
12.50%
SPMO:
18.34%
TSPY:
-4.89%
SPMO:
-30.95%
TSPY:
0.00%
SPMO:
-0.16%
Returns By Period
In the year-to-date period, TSPY achieves a 5.48% return, which is significantly lower than SPMO's 8.50% return.
TSPY
5.48%
2.93%
10.21%
N/A
N/A
N/A
SPMO
8.50%
4.50%
15.08%
40.17%
19.81%
N/A
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TSPY vs. SPMO - Expense Ratio Comparison
TSPY has a 0.68% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
TSPY vs. SPMO — Risk-Adjusted Performance Rank
TSPY
SPMO
TSPY vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TappAlpha SPY Growth & Daily Income ETF (TSPY) 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.
Not enough dataDividends
TSPY vs. SPMO - Dividend Comparison
TSPY's dividend yield for the trailing twelve months is around 5.64%, more than SPMO's 0.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TSPY TappAlpha SPY Growth & Daily Income ETF | 5.64% | 3.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.44% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
TSPY vs. SPMO - Drawdown Comparison
The maximum TSPY drawdown since its inception was -4.89%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for TSPY and SPMO. For additional features, visit the drawdowns tool.
Volatility
TSPY vs. SPMO - Volatility Comparison
The current volatility for TappAlpha SPY Growth & Daily Income ETF (TSPY) is 3.20%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 4.76%. This indicates that TSPY 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.