WAMVX vs. SPMO
Compare and contrast key facts about Wasatch Micro Cap Value Fund (WAMVX) and Invesco S&P 500 Momentum ETF (SPMO).
WAMVX is managed by Wasatch. It was launched on Jul 28, 2003. 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.
Performance
WAMVX vs. SPMO - Performance Comparison
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WAMVX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAMVX Wasatch Micro Cap Value Fund | -2.68% | 9.31% | 24.40% | 13.13% | -28.95% | 26.17% | 41.10% | 29.93% | -8.88% | 26.47% |
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Returns By Period
In the year-to-date period, WAMVX achieves a -2.68% return, which is significantly higher than SPMO's -3.77% return. Over the past 10 years, WAMVX has underperformed SPMO with an annualized return of 12.55%, while SPMO has yielded a comparatively higher 17.41% annualized return.
WAMVX
- 1D
- 2.30%
- 1M
- -8.05%
- YTD
- -2.68%
- 6M
- -2.26%
- 1Y
- 17.96%
- 3Y*
- 12.90%
- 5Y*
- 2.71%
- 10Y*
- 12.55%
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
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WAMVX vs. SPMO - Expense Ratio Comparison
WAMVX has a 1.66% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
WAMVX vs. SPMO — Risk / Return Rank
WAMVX
SPMO
WAMVX vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Micro Cap Value Fund (WAMVX) 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.
| WAMVX | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 1.06 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.35 | 1.60 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.24 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.96 | -0.59 |
Martin ratioReturn relative to average drawdown | 4.51 | 6.90 | -2.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WAMVX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.06 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.93 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.87 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.86 | -0.24 |
Correlation
The correlation between WAMVX and SPMO is 0.61, 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.
Dividends
WAMVX vs. SPMO - Dividend Comparison
WAMVX's dividend yield for the trailing twelve months is around 11.51%, more than SPMO's 0.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WAMVX Wasatch Micro Cap Value Fund | 11.51% | 11.20% | 0.00% | 0.00% | 0.00% | 22.38% | 13.06% | 9.03% | 13.59% | 7.98% | 1.67% | 12.13% |
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
WAMVX vs. SPMO - Drawdown Comparison
The maximum WAMVX drawdown since its inception was -60.71%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for WAMVX and SPMO.
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Drawdown Indicators
| WAMVX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.71% | -30.95% | -29.76% |
Max Drawdown (1Y)Largest decline over 1 year | -13.33% | -12.70% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -38.69% | -22.74% | -15.95% |
Max Drawdown (10Y)Largest decline over 10 years | -41.30% | -30.95% | -10.35% |
Current DrawdownCurrent decline from peak | -11.11% | -7.31% | -3.80% |
Average DrawdownAverage peak-to-trough decline | -10.29% | -4.66% | -5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 3.60% | +0.45% |
Volatility
WAMVX vs. SPMO - Volatility Comparison
Wasatch Micro Cap Value Fund (WAMVX) and Invesco S&P 500 Momentum ETF (SPMO) have volatilities of 7.18% and 7.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WAMVX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.18% | 7.22% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 13.94% | 12.80% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.17% | 22.77% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.48% | 19.08% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.21% | 20.09% | +1.12% |