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ASTS vs. SPMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ASTS vs. SPMO

Last updated Jun 9, 2026

ASTS (AST SpaceMobile, 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 5 years, ASTS returned 54.02%/yr vs 23.06%/yr for SPMO. At a 0.30 correlation, their price movements are largely independent.

Performance

ASTS vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AST SpaceMobile, Inc. (ASTS) 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, ASTS achieves a 26.75% return, which is significantly higher than SPMO's 24.29% return.

ASTS

1D
-1.65%
1M
22.66%
YTD
26.75%
6M
24.41%
1Y
195.16%
3Y*
152.04%
5Y*
54.02%
10Y*
—

SPMO

1D
2.50%
1M
2.83%
YTD
24.29%
6M
22.86%
1Y
39.53%
3Y*
40.28%
5Y*
23.06%
10Y*
20.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ASTS vs. SPMO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
ASTS
AST SpaceMobile, Inc.		26.75%244.22%249.92%25.10%-39.29%-41.53%37.59%1.02%
SPMO
Invesco S&P 500 Momentum ETF		24.29%26.58%45.82%17.56%-10.45%22.64%28.25%3.99%

Correlation

The correlation between ASTS and SPMO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.34

Correlation (5Y)
Calculated over the trailing 5-year period

0.34

Correlation (All Time)
Calculated using the full available price history since Nov 1, 2019

0.30

Compare stocks, funds, or ETFs

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AST SpaceMobile, Inc.

Invesco S&P 500 Momentum ETF

Often compared with ASTS:
ASTS vs. LUNRASTS vs. GSATASTS vs. SATSASTS vs. NVDAASTS vs. SPYASTS vs. VSATASTS vs. VOO
Often compared with SPMO:
SPMO vs. VOOSPMO vs. QQQSPMO vs. SCHGSPMO vs. MTUMSPMO vs. VUGSPMO vs. VFMOSPMO vs. XMMO

Return for Risk

ASTS vs. SPMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ASTS
ASTS Risk / Return Rank: 8585
Overall Rank
ASTS Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
ASTS Sortino Ratio Rank: 8383
Sortino Ratio Rank
ASTS Omega Ratio Rank: 7979
Omega Ratio Rank
ASTS Calmar Ratio Rank: 8989
Calmar Ratio Rank
ASTS Martin Ratio Rank: 8585
Martin Ratio Rank
SPMO
SPMO Risk / Return Rank: 7171
Overall Rank
SPMO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
SPMO Sortino Ratio Rank: 6868
Sortino Ratio Rank
SPMO Omega Ratio Rank: 7373
Omega Ratio Rank
SPMO Calmar Ratio Rank: 6969
Calmar Ratio Rank
SPMO Martin Ratio Rank: 7171
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.

ASTS vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AST SpaceMobile, Inc. (ASTS) 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.

ASTSSPMODifference
Sharpe ratioReturn per unit of total volatility
1.88
2.13

-0.25

Sortino ratioReturn per unit of downside risk
2.44
2.81

-0.37

Omega ratioGain probability vs. loss probability

1.28

1.39

-0.11

Calmar ratioReturn relative to maximum drawdown

4.12

3.13

+0.99

Martin ratioReturn relative to average drawdown

8.15

12.02

-3.87

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

ASTS vs. SPMO - Sharpe Ratio Comparison

The current ASTS Sharpe Ratio is 1.88, which is comparable to the SPMO Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of ASTS 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

ASTSSPMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.88

2.13

-0.25

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

1.19

-0.69

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.00

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.40

0.98

-0.57

Drawdowns

ASTS vs. SPMO - Drawdown Comparison

The maximum ASTS drawdown since its inception was -91.07%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for ASTS and SPMO.

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Drawdown Indicators

ASTSSPMODifference

Max Drawdown

Largest peak-to-trough decline

-91.07%

-30.95%

-60.12%

Max Drawdown (1Y)

Largest decline over 1 year

-47.69%

-12.70%

-34.99%

Max Drawdown (3Y)

Largest decline over 3 years

-70.66%

-20.13%

-50.53%

Max Drawdown (5Y)

Largest decline over 5 years

-85.57%

-22.74%

-62.83%

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.95%

—

Current Drawdown

Current decline from peak

-30.83%

-4.65%

-26.18%

Average Drawdown

Average peak-to-trough decline

-43.38%

-4.60%

-38.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

24.06%

3.30%

+20.76%

Volatility

ASTS vs. SPMO - Volatility Comparison

AST SpaceMobile, Inc. (ASTS) has a higher volatility of 40.76% compared to Invesco S&P 500 Momentum ETF (SPMO) at 9.44%. This indicates that ASTS's price experiences larger fluctuations and is considered to be riskier 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

ASTSSPMODifference

Volatility (1M)

Calculated over the trailing 1-month period

40.76%

9.44%

+31.32%

Volatility (6M)

Calculated over the trailing 6-month period

82.89%

15.82%

+67.07%

Volatility (1Y)

Calculated over the trailing 1-year period

104.86%

18.72%

+86.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

109.43%

19.50%

+89.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

100.53%

20.41%

+80.12%

Dividends

ASTS vs. SPMO - Dividend Comparison

ASTS has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.69%.

PositionTTM20252024202320222021202020192018201720162015
ASTS
AST SpaceMobile, 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		0.69%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

ASTS and SPMO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ASTS has higher volatility (40.76%) compared to SPMO (9.44%). In terms of maximum drawdown, ASTS dropped -91.07% vs SPMO's -30.95%.

SPMO currently has the higher Sharpe Ratio (2.13 vs 1.88), 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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