ULVM vs. SPMO
Compare and contrast key facts about VictoryShares USAA MSCI USA Value Momentum ETF (ULVM) and Invesco S&P 500® Momentum ETF (SPMO).
ULVM and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ULVM is a passively managed fund by Crestview that tracks the performance of the MSCI USA Select Value Momentum Blend Index. It was launched on Oct 24, 2017. 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. Both ULVM and SPMO 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: ULVM or SPMO.
Correlation
The correlation between ULVM and SPMO is 0.88, 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
ULVM vs. SPMO - Performance Comparison
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Key characteristics
ULVM:
0.51
SPMO:
1.11
ULVM:
0.82
SPMO:
1.63
ULVM:
1.11
SPMO:
1.23
ULVM:
0.50
SPMO:
1.38
ULVM:
1.74
SPMO:
4.98
ULVM:
5.22%
SPMO:
5.58%
ULVM:
18.44%
SPMO:
24.99%
ULVM:
-40.71%
SPMO:
-30.95%
ULVM:
-6.44%
SPMO:
-1.96%
Returns By Period
In the year-to-date period, ULVM achieves a 1.13% return, which is significantly lower than SPMO's 8.82% return.
ULVM
1.13%
7.41%
-5.02%
9.39%
10.50%
15.41%
N/A
SPMO
8.82%
16.74%
8.45%
27.59%
25.12%
21.41%
N/A
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ULVM vs. SPMO - Expense Ratio Comparison
ULVM has a 0.20% expense ratio, which is higher than SPMO's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ULVM vs. SPMO — Risk-Adjusted Performance Rank
ULVM
SPMO
ULVM vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares USAA MSCI USA Value Momentum ETF (ULVM) 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.
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Dividends
ULVM vs. SPMO - Dividend Comparison
ULVM's dividend yield for the trailing twelve months is around 1.82%, more than SPMO's 0.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ULVM VictoryShares USAA MSCI USA Value Momentum ETF | 1.82% | 1.57% | 1.94% | 1.91% | 1.36% | 1.51% | 1.88% | 1.67% | 0.38% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.49% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
ULVM vs. SPMO - Drawdown Comparison
The maximum ULVM drawdown since its inception was -40.71%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for ULVM and SPMO. For additional features, visit the drawdowns tool.
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Volatility
ULVM vs. SPMO - Volatility Comparison
The current volatility for VictoryShares USAA MSCI USA Value Momentum ETF (ULVM) is 4.69%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.45%. This indicates that ULVM 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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