CBT vs. SPMO

Last updated Jun 4, 2026

CBT (Cabot Corporation) is a stock, while SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index. Over the past 10 years, CBT returned 8.91%/yr vs 20.95%/yr for SPMO. At a 0.38 correlation, their price movements are largely independent.

Performance

CBT vs. SPMO - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with CBT having a 30.12% return and SPMO slightly higher at 30.35%. Over the past 10 years, CBT has underperformed SPMO with an annualized return of 8.91%, while SPMO has yielded a comparatively higher 20.95% annualized return.

CBT

• 1D: -2.33%
• 1M: 13.03%
• YTD: 30.12%
• 6M: 33.63%
• 1Y: 16.02%
• 3Y*: 6.74%
• 5Y*: 7.91%
• 10Y*: 8.91%

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)

CBT vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CBT Cabot Corporation	30.12%	-25.68%	11.25%	27.63%	21.38%	28.40%	-2.16%	14.25%	-28.70%	24.65%
SPMO Invesco S&P 500 Momentum ETF	30.35%	26.58%	45.82%	17.56%	-10.45%	22.64%	28.25%	25.93%	-0.92%	27.76%

Correlation

The correlation between CBT and SPMO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Oct 13, 2015	0.38

Over the past year, the correlation between CBT and SPMO has dropped to 0.15 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.

Return for Risk

CBT vs. SPMO — Risk / Return Rank

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

CBT

CBT Risk / Return Rank: 54
CBT Sharpe Ratio Rank: 58
CBT Sortino Ratio Rank: 54
CBT Omega Ratio Rank: 51
CBT Calmar Ratio Rank: 53
CBT Martin Ratio Rank: 55

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.

CBT vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabot Corporation (CBT) 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.

	CBT	SPMO	Difference
Sharpe ratio Return per unit of total volatility	0.50	2.62	-2.12
Sortino ratio Return per unit of downside risk	1.01	3.54	-2.52
Omega ratio Gain probability vs. loss probability	1.12	1.47	-0.35
Calmar ratio Return relative to maximum drawdown	0.56	3.64	-3.08
Martin ratio Return relative to average drawdown	1.33	14.17	-12.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CBT vs. SPMO - Sharpe Ratio Comparison

The current CBT Sharpe Ratio is 0.50, which is lower than the SPMO Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of CBT 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

	CBT	SPMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	2.62	-2.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	1.27	-1.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	1.03	-0.78
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	1.01	-0.79

Drawdowns

CBT vs. SPMO - Drawdown Comparison

The maximum CBT drawdown since its inception was -82.87%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for CBT and SPMO.

Drawdown Indicators

	CBT	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-82.87%	-30.95%	-51.92%
Max Drawdown (1Y) Largest decline over 1 year	-28.82%	-12.70%	-16.12%
Max Drawdown (3Y) Largest decline over 3 years	-48.78%	-20.13%	-28.65%
Max Drawdown (5Y) Largest decline over 5 years	-48.78%	-22.74%	-26.04%
Max Drawdown (10Y) Largest decline over 10 years	-67.20%	-30.95%	-36.25%
Current Drawdown Current decline from peak	-24.23%	0.00%	-24.23%
Average Drawdown Average peak-to-trough decline	-20.82%	-4.60%	-16.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.03%	3.26%	+8.77%

Volatility

CBT vs. SPMO - Volatility Comparison

Cabot Corporation (CBT) has a higher volatility of 12.07% compared to Invesco S&P 500 Momentum ETF (SPMO) at 7.35%. This indicates that CBT'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.

Volatility by Period

	CBT	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.07%	7.35%	+4.72%
Volatility (6M) Calculated over the trailing 6-month period	22.35%	14.39%	+7.96%
Volatility (1Y) Calculated over the trailing 1-year period	31.96%	17.64%	+14.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.55%	19.30%	+14.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.33%	20.31%	+15.02%

Dividends

CBT vs. SPMO - Dividend Comparison

CBT's dividend yield for the trailing twelve months is around 2.14%, more than SPMO's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBT Cabot Corporation	2.14%	2.69%	1.85%	1.88%	2.21%	2.53%	3.12%	2.90%	3.04%	2.02%	2.22%	2.15%
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 CBT and SPMO in my portfolio?

CBT and SPMO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CBT or SPMO?

CBT has higher volatility (12.07%) compared to SPMO (7.35%). In terms of maximum drawdown, CBT dropped -82.87% vs SPMO's -30.95%.

Which has better risk-adjusted returns?

SPMO currently has the higher Sharpe Ratio (2.62 vs 0.50), 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.