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.
Correlation
The correlation between VWIAX and SPMO is 0.70, 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
VWIAX vs. SPMO - Performance Comparison
Key characteristics
VWIAX:
0.63
SPMO:
0.94
VWIAX:
0.83
SPMO:
1.42
VWIAX:
1.14
SPMO:
1.20
VWIAX:
0.54
SPMO:
1.16
VWIAX:
1.88
SPMO:
4.33
VWIAX:
2.68%
SPMO:
5.40%
VWIAX:
7.99%
SPMO:
24.73%
VWIAX:
-23.93%
SPMO:
-30.95%
VWIAX:
-4.83%
SPMO:
-9.93%
Returns By Period
In the year-to-date period, VWIAX achieves a 1.43% return, which is significantly higher than SPMO's -2.11% return.
VWIAX
1.43%
-1.34%
-2.96%
4.79%
2.47%
2.96%
SPMO
-2.11%
-4.56%
0.28%
21.66%
20.24%
N/A
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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%.
Risk-Adjusted Performance
VWIAX vs. SPMO — Risk-Adjusted Performance Rank
VWIAX
SPMO
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 3.89%, more than SPMO's 0.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 3.89% | 3.83% | 5.80% | 3.25% | 2.55% | 2.72% | 2.97% | 3.38% | 2.92% | 3.02% | 3.18% | 3.23% |
SPMO Invesco S&P 500® Momentum ETF | 0.55% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% | 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 4.51%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 16.87%. 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.