WELX.DE vs. SPMO
Compare and contrast key facts about Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc (WELX.DE) and Invesco S&P 500® Momentum ETF (SPMO).
WELX.DE and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WELX.DE is a passively managed fund by Amundi that tracks the performance of the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Communication Services. It was launched on Sep 20, 2022. 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 WELX.DE 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: WELX.DE or SPMO.
Key characteristics
| WELX.DE | SPMO | |
|---|---|---|
| YTD Return | 30.04% | 48.17% |
| 1Y Return | 37.13% | 61.13% |
| Sharpe Ratio | 2.14 | 3.63 |
| Sortino Ratio | 2.89 | 4.63 |
| Omega Ratio | 1.42 | 1.64 |
| Calmar Ratio | 2.58 | 4.90 |
| Martin Ratio | 7.52 | 20.41 |
| Ulcer Index | 4.65% | 3.16% |
| Daily Std Dev | 16.25% | 17.72% |
| Max Drawdown | -13.53% | -30.95% |
| Current Drawdown | 0.00% | -0.15% |
Correlation
The correlation between WELX.DE and SPMO is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
WELX.DE vs. SPMO - Performance Comparison
In the year-to-date period, WELX.DE achieves a 30.04% return, which is significantly lower than SPMO's 48.17% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
WELX.DE vs. SPMO - Expense Ratio Comparison
WELX.DE has a 0.18% 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
WELX.DE vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc (WELX.DE) 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
WELX.DE vs. SPMO - Dividend Comparison
WELX.DE has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.44%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
WELX.DE Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.44% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
WELX.DE vs. SPMO - Drawdown Comparison
The maximum WELX.DE drawdown since its inception was -13.53%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for WELX.DE and SPMO. For additional features, visit the drawdowns tool.
Volatility
WELX.DE vs. SPMO - Volatility Comparison
Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc (WELX.DE) and Invesco S&P 500® Momentum ETF (SPMO) have volatilities of 4.91% and 4.81%, 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.