XMMO vs. SPGP
Compare and contrast key facts about Invesco S&P MidCap Momentum ETF (XMMO) and Invesco S&P 500 GARP ETF (SPGP).
XMMO and SPGP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011. Both XMMO and SPGP 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: XMMO or SPGP.
Performance
XMMO vs. SPGP - Performance Comparison
Returns By Period
In the year-to-date period, XMMO achieves a 42.74% return, which is significantly higher than SPGP's 12.12% return. Over the past 10 years, XMMO has outperformed SPGP with an annualized return of 15.79%, while SPGP has yielded a comparatively lower 14.00% annualized return.
XMMO
42.74%
2.49%
10.77%
56.93%
17.58%
15.79%
SPGP
12.12%
1.90%
4.71%
19.93%
13.56%
14.00%
Key characteristics
| XMMO | SPGP | |
|---|---|---|
| Sharpe Ratio | 2.83 | 1.28 |
| Sortino Ratio | 3.88 | 1.83 |
| Omega Ratio | 1.47 | 1.23 |
| Calmar Ratio | 4.24 | 1.98 |
| Martin Ratio | 19.22 | 5.97 |
| Ulcer Index | 2.89% | 3.17% |
| Daily Std Dev | 19.59% | 14.78% |
| Max Drawdown | -55.37% | -42.08% |
| Current Drawdown | -3.07% | -1.95% |
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XMMO vs. SPGP - Expense Ratio Comparison
XMMO has a 0.33% expense ratio, which is lower than SPGP's 0.36% expense ratio.
Correlation
The correlation between XMMO and SPGP is 0.78, 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.
Risk-Adjusted Performance
XMMO vs. SPGP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Momentum ETF (XMMO) and Invesco S&P 500 GARP ETF (SPGP). 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
XMMO vs. SPGP - Dividend Comparison
XMMO's dividend yield for the trailing twelve months is around 0.31%, less than SPGP's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMMO Invesco S&P MidCap Momentum ETF | 0.31% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% | 1.24% | 1.31% |
SPGP Invesco S&P 500 GARP ETF | 1.33% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% | 2.11% |
Drawdowns
XMMO vs. SPGP - Drawdown Comparison
The maximum XMMO drawdown since its inception was -55.37%, which is greater than SPGP's maximum drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for XMMO and SPGP. For additional features, visit the drawdowns tool.
Volatility
XMMO vs. SPGP - Volatility Comparison
Invesco S&P MidCap Momentum ETF (XMMO) has a higher volatility of 5.99% compared to Invesco S&P 500 GARP ETF (SPGP) at 5.14%. This indicates that XMMO's price experiences larger fluctuations and is considered to be riskier than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.