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CCO.TO vs. SPMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CCO.TO vs. SPMO

Last updated Jun 13, 2026

CCO.TO (Cameco 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, CCO.TO returned 26.60%/yr vs 21.90%/yr for SPMO. At a 0.29 correlation, their price movements are largely independent.

Performance

CCO.TO vs. SPMO - Performance Comparison

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

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Different Trading Currencies

CCO.TO is traded in CAD, while SPMO is traded in USD. To make them comparable, the SPMO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CCO.TO achieves a 12.21% return, which is significantly lower than SPMO's 30.75% return. Over the past 10 years, CCO.TO has outperformed SPMO with an annualized return of 26.60%, while SPMO has yielded a comparatively lower 21.90% annualized return.

CCO.TO

1D
2.17%
1M
-4.70%
YTD
12.21%
6M
11.96%
1Y
56.08%
3Y*
49.98%
5Y*
40.56%
10Y*
26.60%

SPMO

1D
1.45%
1M
8.20%
YTD
30.75%
6M
30.54%
1Y
48.91%
3Y*
43.65%
5Y*
27.12%
10Y*
21.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CCO.TO vs. SPMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CCO.TO
Cameco Corporation		12.21%70.37%29.62%86.52%11.71%62.18%48.65%-24.97%34.00%-14.67%
SPMO
Invesco S&P 500 Momentum ETF		30.75%20.80%58.16%14.76%-4.78%22.58%25.21%20.74%7.41%19.11%

Correlation

The correlation between CCO.TO and SPMO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

Correlation (3Y)
Calculated over the trailing 3-year period

0.41

Correlation (5Y)
Calculated over the trailing 5-year period

0.40

Correlation (10Y)
Calculated over the trailing 10-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Oct 12, 2015

0.29

The correlation between CCO.TO and SPMO shifts across timeframes, from 0.29 (all time) to 0.48 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Cameco Corporation

Invesco S&P 500 Momentum ETF

Often compared with CCO.TO:
CCO.TO vs. BWXTCCO.TO vs. NXE.TOCCO.TO vs. NXECCO.TO vs. CNQ.TOCCO.TO vs. WPM.TOCCO.TO vs. URNMCCO.TO vs. DML.TO
Often compared with SPMO:
SPMO vs. VOOSPMO vs. QQQSPMO vs. SCHGSPMO vs. MTUMSPMO vs. VUGSPMO vs. VFMOSPMO vs. XMMO

Return for Risk

CCO.TO vs. SPMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CCO.TO
CCO.TO Risk / Return Rank: 7575
Overall Rank
CCO.TO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
CCO.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
CCO.TO Omega Ratio Rank: 7070
Omega Ratio Rank
CCO.TO Calmar Ratio Rank: 7777
Calmar Ratio Rank
CCO.TO Martin Ratio Rank: 7777
Martin Ratio Rank
SPMO
SPMO Risk / Return Rank: 7979
Overall Rank
SPMO Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
SPMO Sortino Ratio Rank: 7878
Sortino Ratio Rank
SPMO Omega Ratio Rank: 8080
Omega Ratio Rank
SPMO Calmar Ratio Rank: 7777
Calmar Ratio Rank
SPMO Martin Ratio Rank: 7878
Martin Ratio Rank
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.

CCO.TO vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cameco Corporation (CCO.TO) 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.

CCO.TOSPMODifference
Sharpe ratioReturn per unit of total volatility
1.06
2.38

-1.32

Sortino ratioReturn per unit of downside risk
1.78
3.17

-1.39

Omega ratioGain probability vs. loss probability

1.21

1.43

-0.21

Calmar ratioReturn relative to maximum drawdown

2.12

3.62

-1.51

Martin ratioReturn relative to average drawdown

5.02

12.11

-7.08

CCO.TO vs. SPMO - Sharpe Ratio Comparison

The current CCO.TO Sharpe Ratio is 1.06, which is lower than the SPMO Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of CCO.TO 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.

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Drawdowns

CCO.TO vs. SPMO - Drawdown Comparison

The maximum CCO.TO drawdown since its inception was -83.63%, which is greater than SPMO's maximum drawdown of -26.80%. Use the drawdown chart below to compare losses from any high point for CCO.TO and SPMO.

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Drawdown Indicators

CCO.TOSPMODifference

Max Drawdown

Largest peak-to-trough decline

-83.63%

-26.80%

-56.83%

Max Drawdown (1Y)

Largest decline over 1 year

-27.09%

-12.95%

-14.14%

Max Drawdown (3Y)

Largest decline over 3 years

-39.52%

-21.35%

-18.17%

Max Drawdown (5Y)

Largest decline over 5 years

-39.52%

-21.43%

-18.09%

Max Drawdown (10Y)

Largest decline over 10 years

-52.84%

-26.80%

-26.04%

Current Drawdown

Current decline from peak

-22.37%

-0.77%

-21.60%

Average Drawdown

Average peak-to-trough decline

-48.40%

-4.16%

-44.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.38%

3.87%

+7.51%

Volatility

CCO.TO vs. SPMO - Volatility Comparison

Cameco Corporation (CCO.TO) has a higher volatility of 17.67% compared to Invesco S&P 500 Momentum ETF (SPMO) at 10.31%. This indicates that CCO.TO'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

CCO.TOSPMODifference

Volatility (1M)

Calculated over the trailing 1-month period

17.67%

10.31%

+7.36%

Volatility (6M)

Calculated over the trailing 6-month period

38.63%

16.96%

+21.67%

Volatility (1Y)

Calculated over the trailing 1-year period

53.97%

19.72%

+34.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

48.05%

20.54%

+27.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

45.10%

21.56%

+23.54%

Dividends

CCO.TO vs. SPMO - Dividend Comparison

CCO.TO's dividend yield for the trailing twelve months is around 0.17%, less than SPMO's 0.67% yield.

PositionTTM20252024202320222021202020192018201720162015
CCO.TO
Cameco Corporation		0.17%0.19%0.22%0.21%0.39%0.29%0.47%0.69%0.52%3.45%2.85%2.34%
SPMO
Invesco S&P 500 Momentum ETF		0.67%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

CCO.TO and SPMO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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