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COSW vs. SPMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

COSW vs. SPMO

Last updated Jul 17, 2026
Documentation

COSW (Roundhill COST WeeklyPay ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - COSW is a Derivative Income fund actively managed by Roundhill, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. COSW is actively managed, while SPMO is passively managed. At a correlation of -0.25, they often move in opposite directions. COSW charges 0.99%/yr vs 0.13%/yr for SPMO.

Performance

COSW vs. SPMO - Performance Comparison

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

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Returns By Period

In the year-to-date period, COSW achieves a 9.32% return, which is significantly lower than SPMO's 22.29% return.

COSW

1D
3.90%
1M
-5.40%
6M
-3.14%
YTD
9.32%
1Y
—
3Y*
—
5Y*
—
10Y*
—

SPMO

1D
-3.15%
1M
-5.90%
6M
21.88%
YTD
22.29%
1Y
29.78%
3Y*
39.07%
5Y*
20.99%
10Y*
20.30%
*Multi-year figures are annualized to reflect compound growth (CAGR)

COSW vs. SPMO - Yearly Performance Comparison

2026 (YTD)2025
COSW
Roundhill COST WeeklyPay ETF		9.32%-10.48%
SPMO
Invesco S&P 500 Momentum ETF		22.29%0.12%

Correlation

The correlation between COSW and SPMO is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (All Time)
Calculated using the full available price history since Oct 23, 2025

-0.25

COSW vs. SPMO - Sectors Allocation Comparison

Sectors
COSW
SPMO

Consumer Defensive

8.5%
3.9%

Basic Materials

-

1.8%

Communication Services

-

8.1%

Consumer Cyclical

-

1.1%

Energy

-

2.8%

Financial Services

-

5.7%

Healthcare

-

6.6%

Industrials

-

10.9%

Real Estate

-

1.0%

Technology

-

55.0%

Utilities

-

2.7%

Consumer Defensive

COSW
8.5%
SPMO
3.9%

Basic Materials

COSW

-

SPMO
1.8%

Communication Services

COSW

-

SPMO
8.1%

Consumer Cyclical

COSW

-

SPMO
1.1%

Energy

COSW

-

SPMO
2.8%

Financial Services

COSW

-

SPMO
5.7%

Healthcare

COSW

-

SPMO
6.6%

Industrials

COSW

-

SPMO
10.9%

Real Estate

COSW

-

SPMO
1.0%

Technology

COSW

-

SPMO
55.0%

Utilities

COSW

-

SPMO
2.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Roundhill COST WeeklyPay ETF

Invesco S&P 500 Momentum ETF

Often compared with COSW:
COSW vs. WMTICOSW vs. COSTCOSW vs. ROCYCOSW vs. DRKYCOSW vs. TPRYCOSW vs. SPYICOSW vs. USOY
Often compared with SPMO:
SPMO vs. VOOSPMO vs. QQQSPMO vs. SCHGSPMO vs. MTUMSPMO vs. VUGSPMO vs. VFMOSPMO vs. XMMO

Return for Risk

COSW vs. SPMO — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SPMO
SPMO Risk / Return Rank: 5151
Overall Rank
SPMO Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
SPMO Sortino Ratio Rank: 4343
Sortino Ratio Rank
SPMO Omega Ratio Rank: 4747
Omega Ratio Rank
SPMO Calmar Ratio Rank: 5959
Calmar Ratio Rank
SPMO Martin Ratio Rank: 5858
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.

COSW vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill COST WeeklyPay ETF (COSW) 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.

COSWSPMODifference
Sharpe ratioReturn per unit of total volatility

—

1.32

—

Sortino ratioReturn per unit of downside risk

—

1.84

—

Omega ratioGain probability vs. loss probability

—

1.25

—

Calmar ratioReturn relative to maximum drawdown

—

2.36

—

Martin ratioReturn relative to average drawdown

—

8.15

—

COSW vs. SPMO - Sharpe Ratio Comparison

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Drawdowns

COSW vs. SPMO - Drawdown Comparison

The maximum COSW drawdown since its inception was -20.01%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for COSW and SPMO.

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Drawdown Indicators

COSWSPMODifference

Max Drawdown

Largest peak-to-trough decline

-20.01%

-30.95%

+10.94%

Max Drawdown (1Y)

Largest decline over 1 year

—

-12.70%

—

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 Drawdown

Current decline from peak

-16.77%

-10.13%

-6.64%

Average Drawdown

Average peak-to-trough decline

-5.99%

-4.59%

-1.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

3.67%

—

Volatility

COSW vs. SPMO - Volatility Comparison

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Volatility by Period

COSWSPMODifference

Volatility (1M)

Calculated over the trailing 1-month period

—

11.67%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

20.23%

—

Volatility (1Y)

Calculated over the trailing 1-year period

26.16%

22.58%

+3.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.16%

20.33%

+5.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.16%

20.83%

+5.33%

COSW vs. SPMO - Expense Ratio Comparison

COSW has a 0.99% expense ratio, which is higher than SPMO's 0.13% expense ratio.

Dividends

COSW vs. SPMO - Dividend Comparison

COSW's dividend yield for the trailing twelve months is around 21.43%, more than SPMO's 0.72% yield.

PositionTTM20252024202320222021202020192018201720162015
COSW
Roundhill COST WeeklyPay ETF		21.43%4.96%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		0.72%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

COSW and SPMO have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPMO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPMO is cheaper with a 0.13% expense ratio, compared with 0.99% for COSW.

COSW has the higher dividend yield at 21.43%, compared with 0.72% for SPMO.

COSW is categorized as Derivative Income, while SPMO is Momentum. They also come from different issuers: Roundhill and Invesco. Their fees differ too: 0.99% for COSW and 0.13% for SPMO.

Portfolio Optimizer

Find the right allocation for COSW and SPMO

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