AS vs. SPMO
AS (Amer Sports, Inc) is a stock, while SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index. Over the past year, AS returned -10.46% vs 34.61% for SPMO. At a 0.41 correlation, their price movements are largely independent.
Performance
AS vs. SPMO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AS achieves a -8.57% return, which is significantly lower than SPMO's 26.03% return.
AS
- 1D
- -1.87%
- 1M
- -3.69%
- 6M
- -10.11%
- YTD
- -8.57%
- 1Y
- -10.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPMO
- 1D
- -2.61%
- 1M
- -1.65%
- 6M
- 24.83%
- YTD
- 26.03%
- 1Y
- 34.61%
- 3Y*
- 40.56%
- 5Y*
- 21.26%
- 10Y*
- 20.66%
AS vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AS Amer Sports, Inc | -8.57% | 33.58% | 108.66% |
SPMO Invesco S&P 500 Momentum ETF | 26.03% | 26.58% | 38.03% |
Correlation
The correlation between AS and SPMO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.41 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AS vs. SPMO — Risk / Return Rank
AS
SPMO
AS vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amer Sports, Inc (AS) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AS | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.29 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 2.74 | -3.10 |
| Martin ratioReturn relative to average drawdown | -0.68 | 9.73 | -10.42 |
Loading charts...
Drawdowns
AS vs. SPMO - Drawdown Comparison
The maximum AS drawdown since its inception was -40.71%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for AS and SPMO.
Loading charts...
Drawdown Indicators
| AS | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.71% | -30.95% | -9.76% |
Max Drawdown (1Y)Largest decline over 1 year | -28.78% | -12.70% | -16.08% |
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 DrawdownCurrent decline from peak | -18.61% | -7.38% | -11.23% |
Average DrawdownAverage peak-to-trough decline | -13.42% | -4.59% | -8.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.31% | 3.56% | +11.75% |
Volatility
AS vs. SPMO - Volatility Comparison
The current volatility for Amer Sports, Inc (AS) is 11.09%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 12.53%. This indicates that AS 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.
Loading charts...
Volatility by Period
| AS | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.09% | 12.53% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 29.85% | 19.77% | +10.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.58% | 22.23% | +19.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.16% | 20.25% | +28.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.16% | 20.80% | +28.36% |
Dividends
AS vs. SPMO - Dividend Comparison
AS has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AS Amer Sports, Inc | 0.00% | 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 | 0.70% | 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
AS and SPMO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (12.53%) compared to AS (11.09%). In terms of maximum drawdown, AS dropped -40.71% vs SPMO's -30.95%.
SPMO currently has the higher Sharpe Ratio (1.57 vs -0.25), 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.
Find the right allocation for AS and SPMO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer