AVHNY vs. SPMO

Last updated Jun 4, 2026

AVHNY (Ackermans & Van Haaren NV ADR) 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, AVHNY returned 68.42% vs 46.00% for SPMO. At a 0.04 correlation, their price movements are largely independent.

Performance

AVHNY vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ackermans & Van Haaren NV ADR (AVHNY) and Invesco S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVHNY achieves a 2.08% return, which is significantly lower than SPMO's 30.35% return.

AVHNY

• 1D: 0.00%
• 1M: 2.08%
• YTD: 2.08%
• 6M: 68.42%
• 1Y: 68.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPMO

• 1D: 0.50%
• 1M: 15.36%
• YTD: 30.35%
• 6M: 30.51%
• 1Y: 46.00%
• 3Y*: 43.04%
• 5Y*: 24.29%
• 10Y*: 20.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVHNY vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVHNY Ackermans & Van Haaren NV ADR	2.08%	76.45%	0.00%
SPMO Invesco S&P 500 Momentum ETF	30.35%	26.58%	1.64%

Correlation

The correlation between AVHNY and SPMO is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (All Time) Calculated using the full available price history since Oct 14, 2024	0.04

Return for Risk

AVHNY vs. SPMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVHNY

AVHNY Risk / Return Rank: 94
AVHNY Sharpe Ratio Rank: 73
AVHNY Sortino Ratio Rank: 100
AVHNY Omega Ratio Rank: 100
AVHNY Calmar Ratio Rank: 100
AVHNY Martin Ratio Rank: 99

SPMO

SPMO Risk / Return Rank: 75
SPMO Sharpe Ratio Rank: 79
SPMO Sortino Ratio Rank: 77
SPMO Omega Ratio Rank: 77
SPMO Calmar Ratio Rank: 71
SPMO Martin Ratio Rank: 73

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.

AVHNY vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ackermans & Van Haaren NV ADR (AVHNY) 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.

	AVHNY	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	1.07	2.62	-1.56
Sortino ratio: Return per unit of downside risk	25.65	3.54	+22.11
Omega ratio: Gain probability vs. loss probability	26.45	1.47	+24.98
Calmar ratio: Return relative to maximum drawdown	26.47	3.64	+22.83
Martin ratio: Return relative to average drawdown	43.70	14.17	+29.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVHNY vs. SPMO - Sharpe Ratio Comparison

The current AVHNY Sharpe Ratio is 1.07, which is lower than the SPMO Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of AVHNY 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.

Sharpe Ratios by Period

	AVHNY	SPMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	2.62	-1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.27	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	1.01	+0.03

Drawdowns

AVHNY vs. SPMO - Drawdown Comparison

The maximum AVHNY drawdown since its inception was -2.64%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for AVHNY and SPMO.

Drawdown Indicators

	AVHNY	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-2.64%	-30.95%	+28.31%
Max Drawdown (1Y) Largest decline over 1 year	-2.64%	-12.70%	+10.06%
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%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.77%	-4.60%	+3.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	3.26%	-1.67%

Volatility

AVHNY vs. SPMO - Volatility Comparison

The current volatility for Ackermans & Van Haaren NV ADR (AVHNY) is 2.05%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.35%. This indicates that AVHNY 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.

Volatility by Period

	AVHNY	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	7.35%	-5.30%
Volatility (6M) Calculated over the trailing 6-month period	50.10%	14.39%	+35.71%
Volatility (1Y) Calculated over the trailing 1-year period	65.52%	17.64%	+47.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.03%	19.30%	+39.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.03%	20.31%	+38.72%

Dividends

AVHNY vs. SPMO - Dividend Comparison

AVHNY's dividend yield for the trailing twelve months is around 3.68%, more than SPMO's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVHNY Ackermans & Van Haaren NV ADR	3.68%	1.64%	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	0.65%	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

Can I hold both AVHNY and SPMO in my portfolio?

AVHNY and SPMO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVHNY or SPMO?

SPMO has higher volatility (7.35%) compared to AVHNY (2.05%). In terms of maximum drawdown, AVHNY dropped -2.64% vs SPMO's -30.95%.

Which has better risk-adjusted returns?

SPMO currently has the higher Sharpe Ratio (2.62 vs 1.07), 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.