Kinross Gold Corporation vs Invesco S&P 500 Momentum ETF — how do they compare? Kinross Gold Corporation trades at $27.72 (market cap $32.29B), while Invesco S&P 500 Momentum ETF trades at $150. The key difference: Kinross Gold Corporation pays a 0.59% dividend while Invesco S&P 500 Momentum ETF pays none, and Invesco S&P 500 Momentum ETF is trading nearer its 52-week high, Kinross Gold Corporation nearer its low. Which is the better fit depends on your goals.
| KGC | SPMO | |
|---|---|---|
Market Cap | $32.29B | — |
Sector | Basic Materials | Broad Market / Factor |
52-Week High | $38.06 | $161.66 |
52-Week Low | $18.70 | $107.84 |
Enterprise Value | $30.37B | — |
Dividend Yield | 0.59% | — |
Trailing returns across standard periods
Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia. The company has historically used acquisitions to fuel expansion into new regions and production growth.
Read more on KGC →SPMO is designed to track the investment results of the S&P 500 Momentum Index. This index measures the performance of stocks in the S&P 500 that exhibit the highest momentum, or the greatest price appreciation, over the trailing 12 months, while excluding the most recent month. By investing in these high-momentum stocks, SPMO seeks to capitalize on the historical trend that stocks with strong recent performance tend to continue that performance in the near term, offering a systematic approach to factor investing within the large-cap U.S. equity market.
Read more on SPMO →