COST vs. SPMO
COST (Costco Wholesale 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, COST returned 21.10%/yr vs 19.57%/yr for SPMO. Their 0.39 correlation means their historical movements had little consistent relationship.
Performance
COST vs. SPMO - Performance Comparison
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Returns By Period
In the year-to-date period, COST achieves a 10.87% return, which is significantly lower than SPMO's 21.07% return. Over the past 10 years, COST has outperformed SPMO with an annualized return of 21.10%, while SPMO has yielded a comparatively lower 19.57% annualized return.
COST
- 1D
- -0.24%
- 1M
- 3.11%
- 6M
- 1.55%
- YTD
- 10.87%
- 1Y
- 2.04%
- 3Y*
- 21.34%
- 5Y*
- 18.51%
- 10Y*
- 21.10%
- ALL TIME*
- 16.98%
SPMO
- 1D
- 0.29%
- 1M
- -7.40%
- 6M
- 20.51%
- YTD
- 21.07%
- 1Y
- 25.37%
- 3Y*
- 37.36%
- 5Y*
- 20.21%
- 10Y*
- 19.57%
- ALL TIME*
- 18.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.83B | $2.11B | $2.34B | |
| $331.54M | $346.70M | $350.59M |
COST vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COST Costco Wholesale Corporation | 10.87% | -5.39% | 39.62% | 49.00% | -19.05% | 51.82% | 32.67% | 45.70% | 10.60% | 22.37% |
SPMO Invesco S&P 500 Momentum ETF | 21.07% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Correlation
The correlation between COST and SPMO is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015 | 0.39 |
The correlation between COST and SPMO shifts across timeframes, from -0.23 (1 year) to 0.41 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
COST vs. SPMO — Risk / Return Rank
COST
SPMO
COST vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Costco Wholesale Corporation (COST) 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.
| COST | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.21 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 1.63 | -1.51 |
| Martin ratioReturn relative to average drawdown | 0.26 | 5.93 | -5.67 |
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Drawdowns
COST vs. SPMO - Drawdown Comparison
The maximum COST drawdown since its inception was -53.39%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for COST and SPMO.
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Drawdown Indicators
| COST | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.39% | -30.95% | -22.44% |
Max Drawdown (1Y)Largest decline over 1 year | -16.57% | -15.64% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -20.74% | -20.13% | -0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -31.40% | -22.74% | -8.66% |
Max Drawdown (10Y)Largest decline over 10 years | -31.40% | -30.95% | -0.45% |
Current DrawdownCurrent decline from peak | -12.88% | -11.03% | -1.85% |
Average DrawdownAverage peak-to-trough decline | -13.36% | -4.62% | -8.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.81% | 4.29% | +3.52% |
Volatility
COST vs. SPMO - Volatility Comparison
The current volatility for Costco Wholesale Corporation (COST) is 7.34%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 10.53%. This indicates that COST 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.
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Volatility by Period
| COST | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.34% | 10.53% | -3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 15.13% | 21.52% | -6.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.96% | 23.90% | -3.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.93% | 20.60% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.03% | 20.92% | +1.11% |
Dividends
COST vs. SPMO - Dividend Comparison
COST's dividend yield for the trailing twelve months is around 0.72%, less than SPMO's 0.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COST Costco Wholesale Corporation | 0.72% | 0.59% | 0.49% | 2.87% | 0.76% | 0.54% | 3.38% | 0.86% | 1.08% | 4.81% | 1.09% | 4.06% |
SPMO Invesco S&P 500 Momentum ETF | 0.73% | 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
COST and SPMO have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (10.53%) compared to COST (7.34%). In terms of maximum drawdown, COST dropped -53.39% vs SPMO's -30.95%.
SPMO currently has the higher Sharpe Ratio (1.07 vs 0.10), 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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