VFMO vs. SPMO
Compare and contrast key facts about Vanguard U.S. Momentum Factor ETF (VFMO) and Invesco S&P 500® Momentum ETF (SPMO).
VFMO and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VFMO is managed by Vanguard. It was launched on Feb 13, 2018. 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: VFMO or SPMO.
Correlation
The correlation between VFMO and SPMO is 0.84, 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
VFMO vs. SPMO - Performance Comparison
Key characteristics
VFMO:
0.24
SPMO:
0.93
VFMO:
0.51
SPMO:
1.40
VFMO:
1.07
SPMO:
1.20
VFMO:
0.25
SPMO:
1.14
VFMO:
0.85
SPMO:
4.23
VFMO:
7.24%
SPMO:
5.42%
VFMO:
25.63%
SPMO:
24.76%
VFMO:
-36.77%
SPMO:
-30.95%
VFMO:
-14.81%
SPMO:
-8.77%
Returns By Period
In the year-to-date period, VFMO achieves a -7.79% return, which is significantly lower than SPMO's -0.85% return.
VFMO
-7.79%
-3.39%
-6.33%
6.80%
16.29%
N/A
SPMO
-0.85%
-1.27%
1.83%
24.21%
20.53%
N/A
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VFMO vs. SPMO - Expense Ratio Comparison
Both VFMO and SPMO have an expense ratio of 0.13%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
VFMO vs. SPMO — Risk-Adjusted Performance Rank
VFMO
SPMO
VFMO vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Momentum Factor ETF (VFMO) 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
VFMO vs. SPMO - Dividend Comparison
VFMO's dividend yield for the trailing twelve months is around 0.89%, more than SPMO's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VFMO Vanguard U.S. Momentum Factor ETF | 0.89% | 0.72% | 0.89% | 1.72% | 0.81% | 0.45% | 1.22% | 0.70% | 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
VFMO vs. SPMO - Drawdown Comparison
The maximum VFMO drawdown since its inception was -36.77%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for VFMO and SPMO. For additional features, visit the drawdowns tool.
Volatility
VFMO vs. SPMO - Volatility Comparison
The current volatility for Vanguard U.S. Momentum Factor ETF (VFMO) is 15.37%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 16.81%. This indicates that VFMO 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.