CRWV vs. SPMO
CRWV (CoreWeave, Inc.) is a stock, while SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index. Over the past year, CRWV returned -26.96% vs 39.53% for SPMO. At a 0.46 correlation, their price movements are largely independent.
Performance
CRWV vs. SPMO - Performance Comparison
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Returns By Period
In the year-to-date period, CRWV achieves a 42.95% return, which is significantly higher than SPMO's 24.29% return.
CRWV
- 1D
- 1.97%
- 1M
- -10.32%
- YTD
- 42.95%
- 6M
- 18.70%
- 1Y
- -26.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPMO
- 1D
- 2.50%
- 1M
- 2.83%
- YTD
- 24.29%
- 6M
- 22.86%
- 1Y
- 39.53%
- 3Y*
- 40.28%
- 5Y*
- 23.06%
- 10Y*
- 20.38%
CRWV vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRWV CoreWeave, Inc. | 42.95% | 83.62% |
SPMO Invesco S&P 500 Momentum ETF | 24.29% | 27.14% |
Correlation
The correlation between CRWV and SPMO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025 | 0.46 |
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Return for Risk
CRWV vs. SPMO — Risk / Return Rank
CRWV
SPMO
CRWV vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoreWeave, Inc. (CRWV) 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.
| CRWV | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.39 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 3.13 | -3.54 |
| Martin ratioReturn relative to average drawdown | -0.62 | 12.02 | -12.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CRWV | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.28 | 2.13 | -2.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.19 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.98 | +0.08 |
Drawdowns
CRWV vs. SPMO - Drawdown Comparison
The maximum CRWV drawdown since its inception was -64.84%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for CRWV and SPMO.
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Drawdown Indicators
| CRWV | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.84% | -30.95% | -33.89% |
Max Drawdown (1Y)Largest decline over 1 year | -64.84% | -12.70% | -52.14% |
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 DrawdownCurrent decline from peak | -44.24% | -4.65% | -39.59% |
Average DrawdownAverage peak-to-trough decline | -37.21% | -4.60% | -32.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.73% | 3.30% | +40.43% |
Volatility
CRWV vs. SPMO - Volatility Comparison
CoreWeave, Inc. (CRWV) has a higher volatility of 25.28% compared to Invesco S&P 500 Momentum ETF (SPMO) at 9.44%. This indicates that CRWV'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
| CRWV | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.28% | 9.44% | +15.84% |
Volatility (6M)Calculated over the trailing 6-month period | 68.15% | 15.82% | +52.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 95.71% | 18.72% | +76.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.59% | 19.50% | +95.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.59% | 20.41% | +94.18% |
Dividends
CRWV vs. SPMO - Dividend Comparison
CRWV has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRWV CoreWeave, Inc. | 0.00% | 0.00% | 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 | 0.69% | 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
CRWV and SPMO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRWV has higher volatility (25.28%) compared to SPMO (9.44%). In terms of maximum drawdown, CRWV dropped -64.84% vs SPMO's -30.95%.
SPMO currently has the higher Sharpe Ratio (2.13 vs -0.28), 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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