PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
DDOG vs. SPMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DDOG vs. SPMO

Last updated Jun 9, 2026

DDOG (Datadog, 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 5 years, DDOG returned 20.36%/yr vs 23.06%/yr for SPMO. At a 0.43 correlation, their price movements are largely independent.

Performance

DDOG vs. SPMO - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, DDOG achieves a 70.37% return, which is significantly higher than SPMO's 24.29% return.

DDOG

1D
-1.04%
1M
15.75%
YTD
70.37%
6M
50.17%
1Y
89.65%
3Y*
34.31%
5Y*
20.36%
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DDOG vs. SPMO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
DDOG
Datadog, Inc.		70.37%-4.83%17.72%65.14%-58.73%80.93%160.56%-6.37%
SPMO
Invesco S&P 500 Momentum ETF		24.29%26.58%45.82%17.56%-10.45%22.64%28.25%3.87%

Correlation

The correlation between DDOG and SPMO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.30

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

0.39

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

0.42

Correlation (All Time)
Calculated using the full available price history since Sep 19, 2019

0.43

The correlation between DDOG and SPMO shifts across timeframes, from 0.30 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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

Datadog, Inc.

Invesco S&P 500 Momentum ETF

Often compared with DDOG:
DDOG vs. SNOWDDOG vs. CRWDDDOG vs. MDBDDOG vs. NETDDOG vs. ESTCDDOG vs. ZSDDOG vs. SPY
Often compared with SPMO:
SPMO vs. VOOSPMO vs. QQQSPMO vs. SCHGSPMO vs. MTUMSPMO vs. VUGSPMO vs. VFMOSPMO vs. XMMO

Return for Risk

DDOG vs. SPMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DDOG
DDOG Risk / Return Rank: 7878
Overall Rank
DDOG Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
DDOG Sortino Ratio Rank: 8383
Sortino Ratio Rank
DDOG Omega Ratio Rank: 8181
Omega Ratio Rank
DDOG Calmar Ratio Rank: 7474
Calmar Ratio Rank
DDOG Martin Ratio Rank: 7171
Martin Ratio Rank
SPMO
SPMO Risk / Return Rank: 7171
Overall Rank
SPMO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
SPMO Sortino Ratio Rank: 6868
Sortino Ratio Rank
SPMO Omega Ratio Rank: 7373
Omega Ratio Rank
SPMO Calmar Ratio Rank: 6969
Calmar Ratio Rank
SPMO Martin Ratio Rank: 7171
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.

DDOG vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Datadog, Inc. (DDOG) 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.

DDOGSPMODifference
Sharpe ratioReturn per unit of total volatility
1.38
2.13

-0.75

Sortino ratioReturn per unit of downside risk
2.47
2.81

-0.34

Omega ratioGain probability vs. loss probability

1.30

1.39

-0.09

Calmar ratioReturn relative to maximum drawdown

1.85

3.13

-1.27

Martin ratioReturn relative to average drawdown

3.63

12.02

-8.38

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DDOG vs. SPMO - Sharpe Ratio Comparison

The current DDOG Sharpe Ratio is 1.38, which is lower than the SPMO Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of DDOG 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.

Loading charts...

Sharpe Ratios by Period

DDOGSPMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.38

2.13

-0.75

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.35

1.19

-0.84

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.00

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.98

-0.46

Drawdowns

DDOG vs. SPMO - Drawdown Comparison

The maximum DDOG drawdown since its inception was -68.11%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for DDOG and SPMO.

Loading charts...

Drawdown Indicators

DDOGSPMODifference

Max Drawdown

Largest peak-to-trough decline

-68.11%

-30.95%

-37.16%

Max Drawdown (1Y)

Largest decline over 1 year

-48.62%

-12.70%

-35.92%

Max Drawdown (3Y)

Largest decline over 3 years

-48.62%

-20.13%

-28.49%

Max Drawdown (5Y)

Largest decline over 5 years

-68.11%

-22.74%

-45.37%

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.95%

—

Current Drawdown

Current decline from peak

-16.51%

-4.65%

-11.86%

Average Drawdown

Average peak-to-trough decline

-30.87%

-4.60%

-26.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

24.77%

3.30%

+21.47%

Volatility

DDOG vs. SPMO - Volatility Comparison

Datadog, Inc. (DDOG) has a higher volatility of 19.53% compared to Invesco S&P 500 Momentum ETF (SPMO) at 9.44%. This indicates that DDOG'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.

Loading charts...

Volatility by Period

DDOGSPMODifference

Volatility (1M)

Calculated over the trailing 1-month period

19.53%

9.44%

+10.09%

Volatility (6M)

Calculated over the trailing 6-month period

50.44%

15.82%

+34.62%

Volatility (1Y)

Calculated over the trailing 1-year period

65.67%

18.72%

+46.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

58.25%

19.50%

+38.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

60.06%

20.41%

+39.65%

Dividends

DDOG vs. SPMO - Dividend Comparison

DDOG has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.69%.

PositionTTM20252024202320222021202020192018201720162015
DDOG
Datadog, 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

DDOG and SPMO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DDOG has higher volatility (19.53%) compared to SPMO (9.44%). In terms of maximum drawdown, DDOG dropped -68.11% vs SPMO's -30.95%.

SPMO currently has the higher Sharpe Ratio (2.13 vs 1.38), 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.

Portfolio Optimizer

Find the right allocation for DDOG and SPMO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer