AVNM vs. SPMO

Last updated Apr 2, 2026

Compare and contrast key facts about Avantis All International Markets Equity ETF (AVNM) and Invesco S&P 500 Momentum ETF (SPMO).

AVNM and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVNM is an actively managed fund by Avantis. It was launched on Jun 27, 2023. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.

Performance

AVNM vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All International Markets Equity ETF (AVNM) and Invesco S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

AVNM vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVNM Avantis All International Markets Equity ETF	5.29%	38.30%	5.52%	8.60%
SPMO Invesco S&P 500 Momentum ETF	-3.77%	26.58%	45.82%	18.94%

Returns By Period

In the year-to-date period, AVNM achieves a 5.29% return, which is significantly higher than SPMO's -3.77% return.

AVNM

• 1D: 1.52%
• 1M: -5.57%
• YTD: 5.29%
• 6M: 10.63%
• 1Y: 36.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPMO

• 1D: 2.13%
• 1M: -4.40%
• YTD: -3.77%
• 6M: -4.53%
• 1Y: 23.97%
• 3Y*: 29.27%
• 5Y*: 17.66%
• 10Y*: 17.41%

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

AVNM vs. SPMO - Expense Ratio Comparison

AVNM has a 0.31% expense ratio, which is higher than SPMO's 0.13% expense ratio.

AVNM

Avantis All International Markets Equity ETF

SPMO

Invesco S&P 500 Momentum ETF

Return for Risk

AVNM vs. SPMO — Risk / Return Rank

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

AVNM

AVNM Risk / Return Rank: 92
AVNM Sharpe Ratio Rank: 92
AVNM Sortino Ratio Rank: 92
AVNM Omega Ratio Rank: 94
AVNM Calmar Ratio Rank: 90
AVNM Martin Ratio Rank: 90

SPMO

SPMO Risk / Return Rank: 64
SPMO Sharpe Ratio Rank: 57
SPMO Sortino Ratio Rank: 60
SPMO Omega Ratio Rank: 63
SPMO Calmar Ratio Rank: 73
SPMO Martin Ratio Rank: 66

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.

AVNM vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All International Markets Equity ETF (AVNM) 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.

	AVNM	SPMO	Difference
Sharpe ratio Return per unit of total volatility	2.15	1.06	+1.09
Sortino ratio Return per unit of downside risk	2.80	1.60	+1.20
Omega ratio Gain probability vs. loss probability	1.44	1.24	+0.20
Calmar ratio Return relative to maximum drawdown	3.17	1.96	+1.21
Martin ratio Return relative to average drawdown	12.20	6.90	+5.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVNM vs. SPMO - Sharpe Ratio Comparison

The current AVNM Sharpe Ratio is 2.15, which is higher than the SPMO Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of AVNM and SPMO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AVNM	SPMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	1.06	+1.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.93	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.41	0.86	+0.55

Correlation

The correlation between AVNM and SPMO is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AVNM vs. SPMO - Dividend Comparison

AVNM's dividend yield for the trailing twelve months is around 2.73%, more than SPMO's 0.89% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVNM Avantis All International Markets Equity ETF	2.73%	2.76%	3.51%	1.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPMO Invesco S&P 500 Momentum ETF	0.89%	0.73%	0.48%	1.63%	1.66%	0.52%	1.27%	1.39%	1.05%	0.77%	1.94%	0.36%

Drawdowns

AVNM vs. SPMO - Drawdown Comparison

The maximum AVNM drawdown since its inception was -14.03%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for AVNM and SPMO.

Drawdown Indicators

	AVNM	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-14.03%	-30.95%	+16.92%
Max Drawdown (1Y) Largest decline over 1 year	-11.60%	-12.70%	+1.10%
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	-7.34%	-7.31%	-0.03%
Average Drawdown Average peak-to-trough decline	-2.57%	-4.66%	+2.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	3.60%	-0.59%

Volatility

AVNM vs. SPMO - Volatility Comparison

Avantis All International Markets Equity ETF (AVNM) and Invesco S&P 500 Momentum ETF (SPMO) have volatilities of 7.27% and 7.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVNM	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.27%	7.22%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	11.41%	12.80%	-1.39%
Volatility (1Y) Calculated over the trailing 1-year period	17.01%	22.77%	-5.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.61%	19.08%	-4.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.61%	20.09%	-5.48%