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BWTG vs. SPMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BWTG vs. SPMO

Last updated Jun 5, 2026

BWTG (Brendan Wood TopGun ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - BWTG is a Large Cap Blend Equities fund actively managed by Brendan Wood, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. BWTG is actively managed, while SPMO is passively managed. Over the past year, BWTG returned 17.15% vs 43.92% for SPMO. Their correlation of 0.81 suggests significant overlap in exposure. BWTG charges 0.95%/yr vs 0.13%/yr for SPMO.

Performance

BWTG vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brendan Wood TopGun ETF (BWTG) and Invesco S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BWTG achieves a 6.01% return, which is significantly lower than SPMO's 28.45% return.

BWTG

1D
0.28%
1M
4.09%
YTD
6.01%
6M
5.76%
1Y
17.15%
3Y*
—
5Y*
—
10Y*
—

SPMO

1D
-1.46%
1M
10.84%
YTD
28.45%
6M
27.50%
1Y
43.92%
3Y*
42.27%
5Y*
23.92%
10Y*
20.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BWTG vs. SPMO - Yearly Performance Comparison

2026 (YTD)202520242023
BWTG
Brendan Wood TopGun ETF		6.01%16.45%20.68%12.60%
SPMO
Invesco S&P 500 Momentum ETF		28.45%26.58%45.82%11.01%

Correlation

The correlation between BWTG and SPMO is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.78

Correlation (All Time)
Calculated using the full available price history since Nov 10, 2023

0.81

The correlation between BWTG and SPMO has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.

BWTG vs. SPMO - Sectors Allocation Comparison

Sectors
BWTG
SPMO

Technology

26.8%
52.6%

Financial Services

22.4%
5.9%

Industrials

14.9%
11.3%

Real Estate

12.0%
1.0%

Healthcare

6.8%
6.7%

Communication Services

4.6%
9.2%

Consumer Defensive

4.3%
4.3%

Consumer Cyclical

4.3%
1.3%

Utilities

3.6%
2.8%

Basic Materials

-

1.6%

Energy

-

3.4%

Technology

BWTG
26.8%
SPMO
52.6%

Financial Services

BWTG
22.4%
SPMO
5.9%

Industrials

BWTG
14.9%
SPMO
11.3%

Real Estate

BWTG
12.0%
SPMO
1.0%

Healthcare

BWTG
6.8%
SPMO
6.7%

Communication Services

BWTG
4.6%
SPMO
9.2%

Consumer Defensive

BWTG
4.3%
SPMO
4.3%

Consumer Cyclical

BWTG
4.3%
SPMO
1.3%

Utilities

BWTG
3.6%
SPMO
2.8%

Basic Materials

BWTG

-

SPMO
1.6%

Energy

BWTG

-

SPMO
3.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Brendan Wood TopGun ETF

Invesco S&P 500 Momentum ETF

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Often compared with SPMO:
SPMO vs. VOOSPMO vs. QQQSPMO vs. SCHGSPMO vs. MTUMSPMO vs. VUGSPMO vs. VFMOSPMO vs. XMMO

Return for Risk

BWTG vs. SPMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BWTG
BWTG Risk / Return Rank: 4242
Overall Rank
BWTG Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
BWTG Sortino Ratio Rank: 4343
Sortino Ratio Rank
BWTG Omega Ratio Rank: 4242
Omega Ratio Rank
BWTG Calmar Ratio Rank: 3636
Calmar Ratio Rank
BWTG Martin Ratio Rank: 4747
Martin Ratio Rank
SPMO
SPMO Risk / Return Rank: 7575
Overall Rank
SPMO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
SPMO Sortino Ratio Rank: 7676
Sortino Ratio Rank
SPMO Omega Ratio Rank: 7575
Omega Ratio Rank
SPMO Calmar Ratio Rank: 7171
Calmar Ratio Rank
SPMO Martin Ratio Rank: 7373
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BWTG vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brendan Wood TopGun ETF (BWTG) 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.

BWTGSPMODifference
Sharpe ratioReturn per unit of total volatility
1.49
2.49

-1.01

Sortino ratioReturn per unit of downside risk
2.13
3.38

-1.25

Omega ratioGain probability vs. loss probability

1.26

1.44

-0.18

Calmar ratioReturn relative to maximum drawdown

1.73

3.47

-1.74

Martin ratioReturn relative to average drawdown

7.68

13.52

-5.84

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BWTG vs. SPMO - Sharpe Ratio Comparison

The current BWTG Sharpe Ratio is 1.49, which is lower than the SPMO Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of BWTG and SPMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BWTGSPMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.49

2.49

-1.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.25

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.03

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.61

1.00

+0.61

Drawdowns

BWTG vs. SPMO - Drawdown Comparison

The maximum BWTG drawdown since its inception was -13.18%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for BWTG and SPMO.

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Drawdown Indicators

BWTGSPMODifference

Max Drawdown

Largest peak-to-trough decline

-13.18%

-30.95%

+17.77%

Max Drawdown (1Y)

Largest decline over 1 year

-9.93%

-12.70%

+2.77%

Max Drawdown (3Y)

Largest decline over 3 years

—

-20.13%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-22.74%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.95%

—

Current Drawdown

Current decline from peak

0.00%

-1.46%

+1.46%

Average Drawdown

Average peak-to-trough decline

-1.76%

-4.60%

+2.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.24%

3.26%

-1.02%

Volatility

BWTG vs. SPMO - Volatility Comparison

The current volatility for Brendan Wood TopGun ETF (BWTG) is 4.13%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.39%. This indicates that BWTG 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.

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Volatility by Period

BWTGSPMODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.13%

7.39%

-3.26%

Volatility (6M)

Calculated over the trailing 6-month period

9.31%

14.49%

-5.18%

Volatility (1Y)

Calculated over the trailing 1-year period

11.58%

17.70%

-6.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.96%

19.30%

-5.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.96%

20.31%

-6.35%

BWTG vs. SPMO - Expense Ratio Comparison

BWTG has a 0.95% expense ratio, which is higher than SPMO's 0.13% expense ratio.

Dividends

BWTG vs. SPMO - Dividend Comparison

BWTG's dividend yield for the trailing twelve months is around 0.33%, less than SPMO's 0.66% yield.

PositionTTM20252024202320222021202020192018201720162015
BWTG
Brendan Wood TopGun ETF		0.33%0.35%0.25%0.19%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPMO
Invesco S&P 500 Momentum ETF		0.66%0.73%0.48%1.63%1.66%0.52%1.27%1.39%1.05%0.77%1.94%0.36%

Frequently Asked Questions

BWTG and SPMO have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPMO has higher volatility (7.39%) compared to BWTG (4.13%). In terms of maximum drawdown, BWTG dropped -13.18% vs SPMO's -30.95%.

On 1-year performance, SPMO leads with 43.92% vs 17.15% for BWTG. On fees, SPMO is cheaper at 0.13% per year. On volatility, BWTG has been the lower-risk option at 4.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, SPMO has performed better with a 43.92% return vs 17.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPMO is cheaper with a 0.13% expense ratio, compared with 0.95% for BWTG.

SPMO has the higher dividend yield at 0.66%, compared with 0.33% for BWTG.

BWTG is categorized as Large Cap Blend Equities, while SPMO is Momentum. They also come from different issuers: Brendan Wood and Invesco. Their fees differ too: 0.95% for BWTG and 0.13% for SPMO.

SPMO currently has the higher Sharpe Ratio (2.49 vs 1.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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