XMMO vs. SPMO
Compare and contrast key facts about Invesco S&P MidCap Momentum ETF (XMMO) and Invesco S&P 500® Momentum ETF (SPMO).
XMMO and SPMO 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. 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 XMMO 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: XMMO or SPMO.
Correlation
The correlation between XMMO and SPMO is 0.80, 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
XMMO vs. SPMO - Performance Comparison
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Key characteristics
XMMO:
11.34%
SPMO:
14.84%
XMMO:
-0.80%
SPMO:
-0.94%
XMMO:
0.00%
SPMO:
-0.02%
Returns By Period
XMMO
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SPMO
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XMMO vs. SPMO - Expense Ratio Comparison
XMMO has a 0.33% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
XMMO vs. SPMO — Risk-Adjusted Performance Rank
XMMO
SPMO
XMMO vs. SPMO - 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® 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.
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Dividends
XMMO vs. SPMO - Dividend Comparison
XMMO's dividend yield for the trailing twelve months is around 0.51%, less than SPMO's 0.52% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMMO Invesco S&P MidCap Momentum ETF | 0.51% | 0.00% | 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 | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XMMO vs. SPMO - Drawdown Comparison
The maximum XMMO drawdown since its inception was -0.80%, smaller than the maximum SPMO drawdown of -0.94%. Use the drawdown chart below to compare losses from any high point for XMMO and SPMO. For additional features, visit the drawdowns tool.
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Volatility
XMMO vs. SPMO - Volatility Comparison
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