VEGN vs. SPMO
Compare and contrast key facts about US Vegan Climate ETF (VEGN) and Invesco S&P 500® Momentum ETF (SPMO).
VEGN and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VEGN is a passively managed fund by Beyond Investing that tracks the performance of the US Vegan Climate Index. It was launched on Sep 9, 2019. 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 VEGN 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: VEGN or SPMO.
Correlation
The correlation between VEGN and SPMO is 0.85, 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
VEGN vs. SPMO - Performance Comparison
Key characteristics
VEGN:
0.52
SPMO:
0.93
VEGN:
0.87
SPMO:
1.40
VEGN:
1.12
SPMO:
1.20
VEGN:
0.56
SPMO:
1.14
VEGN:
2.07
SPMO:
4.23
VEGN:
5.63%
SPMO:
5.42%
VEGN:
22.56%
SPMO:
24.76%
VEGN:
-34.14%
SPMO:
-30.95%
VEGN:
-12.46%
SPMO:
-8.77%
Returns By Period
In the year-to-date period, VEGN achieves a -8.79% return, which is significantly lower than SPMO's -0.85% return.
VEGN
-8.79%
-3.64%
-5.67%
11.05%
15.81%
N/A
SPMO
-0.85%
-1.27%
1.83%
24.21%
20.53%
N/A
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VEGN vs. SPMO - Expense Ratio Comparison
VEGN has a 0.60% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
VEGN vs. SPMO — Risk-Adjusted Performance Rank
VEGN
SPMO
VEGN vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Vegan Climate ETF (VEGN) 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
VEGN vs. SPMO - Dividend Comparison
VEGN's dividend yield for the trailing twelve months is around 0.60%, more than SPMO's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VEGN US Vegan Climate ETF | 0.60% | 0.51% | 0.67% | 0.81% | 0.41% | 0.71% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.54% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
VEGN vs. SPMO - Drawdown Comparison
The maximum VEGN drawdown since its inception was -34.14%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for VEGN and SPMO. For additional features, visit the drawdowns tool.
Volatility
VEGN vs. SPMO - Volatility Comparison
The current volatility for US Vegan Climate ETF (VEGN) is 15.06%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 16.81%. This indicates that VEGN 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.