SPMD vs. XMMO - ETF Comparison
SPMD - SPDR Portfolio S&P 400 Mid Cap ETF
The SPDR Portfolio S&P 400 Mid Cap ETF is an equity fund that tracks the S&P 400 MidCap Index, providing broad exposure to mid-sized US companies. It offers a balanced portfolio of around 400 individual stocks, making it a suitable option for long-term, buy-and-hold investors seeking to diversify their portfolios. With a low expense ratio, it competes with other ultra-low-cost rivals in the market.
XMMO - Invesco S&P MidCap Momentum ETF
The Invesco S&P MidCap Momentum ETF is an equity fund that tracks an index of U.S. mid-cap stocks exhibiting strong price momentum. The fund's strategy involves assessing the percentage change in stock prices over the past 12 months, excluding the most recent month, and adjusting for volatility. The portfolio is weighed based on a combination of companies' market capitalization and momentum scores, providing investors with a tactical approach to mid-cap exposure.
| SPMD | XMMO | |
|---|---|---|
| Fund Name | SPDR Portfolio S&P 400 Mid Cap ETF | Invesco S&P MidCap Momentum ETF |
| Fund Provider | State Street | Invesco |
| Index | S&P MidCap 400 | S&P MidCap 400 |
| Asset Class | Equity | Equity |
| Listing | US-listed | US-listed |
| Expense Ratio | 0.03% | 0.34% |
| Inception Date | 2005-11-08 | 2005-03-03 |
| Number Of Holdings | 402 | 78 |
| Currency | USD | USD |
| Region | United States | United States |
| Investment Style | Blend | Growth |
| Market Cap | Mid-Cap | Mid-Cap |
| Leveraged | Non-leveraged | Non-leveraged |
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Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Performance Analysis
The performance analysis examines historical data to assess the returns of the investment strategy, including key metrics such as Cumulative returns, End of Year (EoY) returns, and risk-adjusted returns like the Sharpe ratio or the Sortino ratio.
Cumulative Returns
End of Year Returns Table
End of Year Returns
Risk Analysis
The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.
Drawdowns
Drawdowns Table
Monte Carlo Simulation
The Monte Carlo simulation is a statistical method used to forecast portfolio returns by generating a wide range of potential outcomes through random sampling from historical asset price data. It helps investors assess the potential risk and return of a portfolio under various market conditions. The simulation takes into account the initial investment and optionally simulates cash flow scenarios like fixed contributions, fixed withdrawals, or percentage withdrawals.
IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.