VWIAX vs. SPMO
Compare and contrast key facts about Vanguard Wellesley Income Fund Admiral Shares (VWIAX) and Invesco S&P 500® Momentum ETF (SPMO).
VWIAX is managed by Vanguard. It was launched on May 14, 2001. 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: VWIAX or SPMO.
Performance
VWIAX vs. SPMO - Performance Comparison
Returns By Period
In the year-to-date period, VWIAX achieves a 7.00% return, which is significantly lower than SPMO's 43.82% return.
VWIAX
7.00%
-1.60%
4.22%
14.85%
2.56%
3.33%
SPMO
43.82%
0.25%
16.47%
53.99%
19.76%
N/A
Key characteristics
| VWIAX | SPMO | |
|---|---|---|
| Sharpe Ratio | 2.30 | 3.03 |
| Sortino Ratio | 3.50 | 3.96 |
| Omega Ratio | 1.47 | 1.54 |
| Calmar Ratio | 1.00 | 4.09 |
| Martin Ratio | 14.56 | 17.02 |
| Ulcer Index | 1.03% | 3.17% |
| Daily Std Dev | 6.56% | 17.76% |
| Max Drawdown | -23.93% | -30.95% |
| Current Drawdown | -2.54% | -3.09% |
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VWIAX vs. SPMO - Expense Ratio Comparison
VWIAX has a 0.16% 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%.
Correlation
The correlation between VWIAX and SPMO is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
VWIAX vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Wellesley Income Fund Admiral Shares (VWIAX) 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
VWIAX vs. SPMO - Dividend Comparison
VWIAX's dividend yield for the trailing twelve months is around 5.88%, more than SPMO's 0.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 5.88% | 5.80% | 3.25% | 2.55% | 2.72% | 2.97% | 3.38% | 2.92% | 3.02% | 3.18% | 3.23% | 3.13% |
SPMO Invesco S&P 500® Momentum ETF | 0.46% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% | 0.00% | 0.00% |
Drawdowns
VWIAX vs. SPMO - Drawdown Comparison
The maximum VWIAX drawdown since its inception was -23.93%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for VWIAX and SPMO. For additional features, visit the drawdowns tool.
Volatility
VWIAX vs. SPMO - Volatility Comparison
The current volatility for Vanguard Wellesley Income Fund Admiral Shares (VWIAX) is 1.60%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.09%. This indicates that VWIAX 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.