BULL vs. SPMO
BULL (Webull Corp) 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, BULL returned -36.28% vs 43.55% for SPMO. At a 0.36 correlation, their price movements are largely independent.
Performance
BULL vs. SPMO - Performance Comparison
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Returns By Period
In the year-to-date period, BULL achieves a -14.54% return, which is significantly lower than SPMO's 29.91% return.
BULL
- 1D
- -3.21%
- 1M
- 7.44%
- YTD
- -14.54%
- 6M
- -20.67%
- 1Y
- -36.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPMO
- 1D
- -4.53%
- 1M
- 6.65%
- YTD
- 29.91%
- 6M
- 28.13%
- 1Y
- 43.55%
- 3Y*
- 42.47%
- 5Y*
- 22.89%
- 10Y*
- 21.03%
BULL vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BULL Webull Corp | -14.54% | -33.13% |
SPMO Invesco S&P 500 Momentum ETF | 29.91% | 30.59% |
Correlation
The correlation between BULL and SPMO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2025 | 0.36 |
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Return for Risk
BULL vs. SPMO — Risk / Return Rank
BULL
SPMO
BULL vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Webull Corp (BULL) 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.
| BULL | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -3.24 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.39 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 3.45 | -3.94 |
| Martin ratioReturn relative to average drawdown | -0.73 | 12.97 | -13.70 |
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Drawdowns
BULL vs. SPMO - Drawdown Comparison
The maximum BULL drawdown since its inception was -92.64%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for BULL and SPMO.
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Drawdown Indicators
| BULL | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.64% | -30.95% | -61.69% |
Max Drawdown (1Y)Largest decline over 1 year | -73.90% | -12.70% | -61.20% |
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 | -89.44% | -4.53% | -84.91% |
Average DrawdownAverage peak-to-trough decline | -82.74% | -4.59% | -78.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.85% | 3.37% | +46.48% |
Volatility
BULL vs. SPMO - Volatility Comparison
Webull Corp (BULL) has a higher volatility of 23.22% compared to Invesco S&P 500 Momentum ETF (SPMO) at 11.75%. This indicates that BULL'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
| BULL | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.22% | 11.75% | +11.47% |
Volatility (6M)Calculated over the trailing 6-month period | 43.62% | 17.78% | +25.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.69% | 20.55% | +50.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 354.28% | 19.88% | +334.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 354.28% | 20.60% | +333.68% |
Dividends
BULL vs. SPMO - Dividend Comparison
BULL has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BULL Webull Corp | 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 | 0.68% | 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
BULL and SPMO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BULL has higher volatility (23.22%) compared to SPMO (11.75%). In terms of maximum drawdown, BULL dropped -92.64% vs SPMO's -30.95%.
SPMO currently has the higher Sharpe Ratio (2.13 vs -0.51), 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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