UPAR vs. SPMO
Compare and contrast key facts about UPAR Ultra Risk Parity ETF (UPAR) and Invesco S&P 500® Momentum ETF (SPMO).
UPAR and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPAR is a passively managed fund by RPAR that tracks the performance of the NONE. It was launched on Jan 3, 2022. 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 UPAR 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: UPAR or SPMO.
Correlation
The correlation between UPAR and SPMO is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
UPAR vs. SPMO - Performance Comparison
Key characteristics
UPAR:
0.65
SPMO:
1.95
UPAR:
0.97
SPMO:
2.60
UPAR:
1.12
SPMO:
1.35
UPAR:
0.31
SPMO:
2.72
UPAR:
1.70
SPMO:
10.96
UPAR:
5.54%
SPMO:
3.27%
UPAR:
14.58%
SPMO:
18.45%
UPAR:
-38.99%
SPMO:
-30.95%
UPAR:
-23.43%
SPMO:
-3.24%
Returns By Period
In the year-to-date period, UPAR achieves a 6.42% return, which is significantly higher than SPMO's 5.16% return.
UPAR
6.42%
3.85%
-3.57%
9.33%
N/A
N/A
SPMO
5.16%
-0.82%
11.81%
31.38%
19.02%
N/A
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UPAR vs. SPMO - Expense Ratio Comparison
UPAR has a 0.65% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
UPAR vs. SPMO — Risk-Adjusted Performance Rank
UPAR
SPMO
UPAR vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for UPAR Ultra Risk Parity ETF (UPAR) 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.
Dividends
UPAR vs. SPMO - Dividend Comparison
UPAR's dividend yield for the trailing twelve months is around 3.12%, more than SPMO's 0.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
UPAR UPAR Ultra Risk Parity ETF | 3.12% | 3.32% | 3.05% | 4.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.46% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
UPAR vs. SPMO - Drawdown Comparison
The maximum UPAR drawdown since its inception was -38.99%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for UPAR and SPMO. For additional features, visit the drawdowns tool.
Volatility
UPAR vs. SPMO - Volatility Comparison
The current volatility for UPAR Ultra Risk Parity ETF (UPAR) is 3.79%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.15%. This indicates that UPAR 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.