YALL vs. SPMO
Compare and contrast key facts about God Bless America ETF (YALL) and Invesco S&P 500® Momentum ETF (SPMO).
YALL and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YALL is an actively managed fund by Tidal ETFs. It was launched on Oct 10, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YALL or SPMO.
Key characteristics
| YALL | SPMO | |
|---|---|---|
| YTD Return | 22.80% | 35.22% |
| 1Y Return | 37.86% | 50.71% |
| Sharpe Ratio | 2.48 | 2.81 |
| Daily Std Dev | 15.15% | 17.96% |
| Max Drawdown | -12.03% | -30.95% |
| Current Drawdown | -1.73% | -3.59% |
Correlation
The correlation between YALL and SPMO is 0.68, 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.
Performance
YALL vs. SPMO - Performance Comparison
In the year-to-date period, YALL achieves a 22.80% return, which is significantly lower than SPMO's 35.22% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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YALL vs. SPMO - Expense Ratio Comparison
YALL has a 0.65% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
YALL vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for God Bless America ETF (YALL) 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
YALL vs. SPMO - Dividend Comparison
YALL's dividend yield for the trailing twelve months is around 2.86%, more than SPMO's 0.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
YALL God Bless America ETF | 2.86% | 3.51% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.41% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
YALL vs. SPMO - Drawdown Comparison
The maximum YALL drawdown since its inception was -12.03%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for YALL and SPMO. For additional features, visit the drawdowns tool.
Volatility
YALL vs. SPMO - Volatility Comparison
The current volatility for God Bless America ETF (YALL) is 4.73%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.78%. This indicates that YALL 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.