UBUD.DE vs. SPMO
UBUD.DE (UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - UBUD.DE is a Precious Metals fund tracking the Solactive Global Pure Gold Miners, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 10 years, UBUD.DE returned 14.79%/yr vs 20.70%/yr for SPMO. At a 0.02 correlation, their price movements are largely independent. UBUD.DE charges 0.43%/yr vs 0.13%/yr for SPMO.
Performance
UBUD.DE vs. SPMO - Performance Comparison
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Different Trading Currencies
UBUD.DE is traded in EUR, while SPMO is traded in USD. To make them comparable, the SPMO values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, UBUD.DE achieves a -6.35% return, which is significantly lower than SPMO's 31.91% return. Over the past 10 years, UBUD.DE has underperformed SPMO with an annualized return of 14.79%, while SPMO has yielded a comparatively higher 20.70% annualized return.
UBUD.DE
- 1D
- -1.68%
- 1M
- -3.23%
- YTD
- -6.35%
- 6M
- 0.30%
- 1Y
- 49.43%
- 3Y*
- 42.21%
- 5Y*
- 24.11%
- 10Y*
- 14.79%
SPMO
- 1D
- 0.72%
- 1M
- 16.18%
- YTD
- 31.91%
- 6M
- 31.23%
- 1Y
- 43.09%
- 3Y*
- 39.25%
- 5Y*
- 25.46%
- 10Y*
- 20.70%
UBUD.DE vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist | -6.35% | 144.52% | 34.69% | 6.34% | 0.11% | -8.41% | 15.71% | 40.46% | -6.02% | -3.26% |
SPMO Invesco S&P 500 Momentum ETF | 31.91% | 11.56% | 55.44% | 14.03% | -4.90% | 31.82% | 17.68% | 28.77% | 3.73% | 12.06% |
Correlation
The correlation between UBUD.DE and SPMO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2015 | 0.02 |
The correlation between UBUD.DE and SPMO shifts across timeframes, from 0.02 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UBUD.DE vs. SPMO — Risk / Return Rank
UBUD.DE
SPMO
UBUD.DE vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) 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.
| UBUD.DE | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.43 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 3.72 | -2.02 |
| Martin ratioReturn relative to average drawdown | 4.24 | 12.15 | -7.91 |
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
| UBUD.DE | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 2.45 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 1.31 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.99 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.96 | -0.70 |
Drawdowns
UBUD.DE vs. SPMO - Drawdown Comparison
The maximum UBUD.DE drawdown since its inception was -57.79%, which is greater than SPMO's maximum drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for UBUD.DE and SPMO.
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Drawdown Indicators
| UBUD.DE | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.79% | -32.02% | -25.77% |
Max Drawdown (1Y)Largest decline over 1 year | -28.94% | -11.63% | -17.31% |
Max Drawdown (3Y)Largest decline over 3 years | -28.94% | -25.02% | -3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -38.21% | -25.02% | -13.19% |
Max Drawdown (10Y)Largest decline over 10 years | -50.40% | -32.02% | -18.38% |
Current DrawdownCurrent decline from peak | -27.13% | 0.00% | -27.13% |
Average DrawdownAverage peak-to-trough decline | -28.07% | -4.51% | -23.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.62% | 3.56% | +8.06% |
Volatility
UBUD.DE vs. SPMO - Volatility Comparison
UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) has a higher volatility of 15.19% compared to Invesco S&P 500 Momentum ETF (SPMO) at 6.68%. This indicates that UBUD.DE'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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Volatility by Period
| UBUD.DE | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.19% | 6.68% | +8.51% |
Volatility (6M)Calculated over the trailing 6-month period | 36.02% | 13.58% | +22.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.66% | 17.68% | +27.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.68% | 19.47% | +16.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.59% | 20.88% | +14.71% |
UBUD.DE vs. SPMO - Expense Ratio Comparison
UBUD.DE has a 0.43% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Dividends
UBUD.DE vs. SPMO - Dividend Comparison
UBUD.DE's dividend yield for the trailing twelve months is around 0.59%, less than SPMO's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 0.65% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist | 0.59% | 0.40% | 0.56% | 1.74% | 1.12% | 1.15% | 0.44% | 0.42% | 0.48% | 0.46% | 0.43% | 1.38% |
Frequently Asked Questions
UBUD.DE and SPMO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPMO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPMO is cheaper with a 0.13% expense ratio, compared with 0.43% for UBUD.DE.
UBUD.DE is categorized as Precious Metals, while SPMO is Momentum. UBUD.DE tracks Solactive Global Pure Gold Miners, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: UBS and Invesco. Their fees differ too: 0.43% for UBUD.DE and 0.13% for SPMO.
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