CATH vs. SPMO

Last updated Jun 24, 2026

CATH (Global X S&P 500 Catholic Values ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - CATH is a S&P 500 fund tracking the S&P 500 Catholic Values Index, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 10 years, CATH returned 14.82%/yr vs 21.03%/yr for SPMO. A 0.78 correlation means they provide meaningful diversification when combined. CATH charges 0.29%/yr vs 0.13%/yr for SPMO.

Performance

CATH vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Catholic Values ETF (CATH) 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, CATH achieves a 6.52% return, which is significantly lower than SPMO's 29.91% return. Over the past 10 years, CATH has underperformed SPMO with an annualized return of 14.82%, while SPMO has yielded a comparatively higher 21.03% annualized return.

CATH

• 1D: -1.53%
• 1M: -1.69%
• YTD: 6.52%
• 6M: 5.53%
• 1Y: 20.60%
• 3Y*: 19.17%
• 5Y*: 11.69%
• 10Y*: 14.82%

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%

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

CATH vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CATH Global X S&P 500 Catholic Values ETF	6.52%	17.08%	23.34%	26.15%	-19.96%	28.87%	18.80%	30.64%	-5.80%	22.83%
SPMO Invesco S&P 500 Momentum ETF	29.91%	26.58%	45.82%	17.56%	-10.45%	22.64%	28.25%	25.93%	-0.92%	27.76%

Correlation

The correlation between CATH and SPMO is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Apr 19, 2016	0.78

The correlation between CATH and SPMO has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.

CATH vs. SPMO - Sectors Allocation Comparison

Sectors	CATH	SPMO
Technology	38.9%	56.8%
Financial Services	11.3%	5.8%
Communication Services	10.8%	8.0%
Consumer Cyclical	10.0%	1.1%
Industrials	7.9%	10.9%
Healthcare	7.8%	5.9%
Consumer Defensive	4.5%	3.8%
Energy	3.2%	2.8%
Utilities	2.1%	2.6%
Real Estate	1.8%	0.9%
Basic Materials	1.7%	1.5%

Return for Risk

CATH vs. SPMO — Risk / Return Rank

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

CATH

CATH Risk / Return Rank: 50
CATH Sharpe Ratio Rank: 50
CATH Sortino Ratio Rank: 47
CATH Omega Ratio Rank: 48
CATH Calmar Ratio Rank: 47
CATH Martin Ratio Rank: 57

SPMO

SPMO Risk / Return Rank: 68
SPMO Sharpe Ratio Rank: 68
SPMO Sortino Ratio Rank: 62
SPMO Omega Ratio Rank: 69
SPMO Calmar Ratio Rank: 71
SPMO Martin Ratio Rank: 71

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.

CATH vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Catholic Values ETF (CATH) 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.

	CATH	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	1.63	2.13	-0.51
Sortino ratio: Return per unit of downside risk	2.24	2.81	-0.57
Omega ratio: Gain probability vs. loss probability	1.29	1.39	-0.10
Calmar ratio: Return relative to maximum drawdown	2.20	3.45	-1.25
Martin ratio: Return relative to average drawdown	9.51	12.97	-3.46

CATH vs. SPMO - Sharpe Ratio Comparison

The current CATH Sharpe Ratio is 1.63, which is comparable to the SPMO Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of CATH 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.

Drawdowns

CATH vs. SPMO - Drawdown Comparison

The maximum CATH drawdown since its inception was -33.95%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for CATH and SPMO.

Drawdown Indicators

	CATH	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-33.95%	-30.95%	-3.00%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-12.70%	+3.28%
Max Drawdown (3Y) Largest decline over 3 years	-19.34%	-20.13%	+0.79%
Max Drawdown (5Y) Largest decline over 5 years	-28.14%	-22.74%	-5.40%
Max Drawdown (10Y) Largest decline over 10 years	-33.95%	-30.95%	-3.00%
Current Drawdown Current decline from peak	-3.28%	-4.53%	+1.25%
Average Drawdown Average peak-to-trough decline	-5.18%	-4.59%	-0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	3.37%	-1.20%

Volatility

CATH vs. SPMO - Volatility Comparison

The current volatility for Global X S&P 500 Catholic Values ETF (CATH) is 4.71%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 11.75%. This indicates that CATH 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

	CATH	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	11.75%	-7.04%
Volatility (6M) Calculated over the trailing 6-month period	9.95%	17.78%	-7.83%
Volatility (1Y) Calculated over the trailing 1-year period	12.73%	20.55%	-7.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.99%	19.88%	-1.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.64%	20.60%	-1.96%

CATH vs. SPMO - Expense Ratio Comparison

CATH has a 0.29% expense ratio, which is higher than SPMO's 0.13% expense ratio.

Dividends

CATH vs. SPMO - Dividend Comparison

CATH's dividend yield for the trailing twelve months is around 0.79%, more than SPMO's 0.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CATH Global X S&P 500 Catholic Values ETF	0.79%	0.84%	0.95%	1.16%	1.34%	1.03%	1.23%	0.68%	2.01%	1.27%	0.50%	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

Can I hold both CATH and SPMO in my portfolio?

CATH and SPMO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CATH or SPMO?

SPMO has higher volatility (11.75%) compared to CATH (4.71%). In terms of maximum drawdown, CATH dropped -33.95% vs SPMO's -30.95%.

Which ETF is better, CATH or SPMO?

On 10-year performance, SPMO leads with 21.03% vs 14.82% for CATH. On fees, SPMO is cheaper at 0.13% per year. On volatility, CATH has been the lower-risk option at 4.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CATH or SPMO?

Over the 10-year period, SPMO has performed better with a 21.03% return vs 14.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CATH or SPMO?

SPMO is cheaper with a 0.13% expense ratio, compared with 0.29% for CATH.

Which ETF pays a higher dividend yield, CATH or SPMO?

CATH has the higher dividend yield at 0.79%, compared with 0.68% for SPMO.

What is the main difference between CATH and SPMO?

CATH is categorized as S&P 500, while SPMO is Momentum. CATH tracks S&P 500 Catholic Values Index, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.29% for CATH and 0.13% for SPMO.

Which has better risk-adjusted returns?

SPMO currently has the higher Sharpe Ratio (2.13 vs 1.63), 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.