DIVB vs. SPMO
DIVB (iShares Core Dividend ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 5 years, DIVB returned 12.64%/yr vs 23.51%/yr for SPMO. A 0.67 correlation means they provide meaningful diversification when combined. DIVB charges 0.05%/yr vs 0.13%/yr for SPMO.
Performance
DIVB vs. SPMO - Performance Comparison
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Returns By Period
In the year-to-date period, DIVB achieves a 17.61% return, which is significantly lower than SPMO's 29.95% return.
DIVB
- 1D
- -0.03%
- 1M
- 6.28%
- YTD
- 17.61%
- 6M
- 17.31%
- 1Y
- 28.50%
- 3Y*
- 20.64%
- 5Y*
- 12.64%
- 10Y*
- —
SPMO
- 1D
- -2.04%
- 1M
- 7.76%
- YTD
- 29.95%
- 6M
- 30.95%
- 1Y
- 44.97%
- 3Y*
- 42.18%
- 5Y*
- 23.51%
- 10Y*
- 20.99%
DIVB vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 17.61% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 32.72% | -8.16% | 5.95% |
SPMO Invesco S&P 500 Momentum ETF | 29.95% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 3.47% |
Correlation
The correlation between DIVB and SPMO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.67 |
Over the past year, the correlation between DIVB and SPMO has dropped to 0.47 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
DIVB vs. SPMO — Risk / Return Rank
DIVB
SPMO
DIVB vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend ETF (DIVB) 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.
| DIVB | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.42 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.19 | 3.56 | +0.64 |
| Martin ratioReturn relative to average drawdown | 14.12 | 13.45 | +0.68 |
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Drawdowns
DIVB vs. SPMO - Drawdown Comparison
The maximum DIVB drawdown since its inception was -36.93%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for DIVB and SPMO.
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Drawdown Indicators
| DIVB | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.93% | -30.95% | -5.98% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -12.70% | +5.88% |
Max Drawdown (3Y)Largest decline over 3 years | -15.45% | -20.13% | +4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -21.08% | -22.74% | +1.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -0.70% | -2.04% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -4.59% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 3.35% | -1.33% |
Volatility
DIVB vs. SPMO - Volatility Comparison
The current volatility for iShares Core Dividend ETF (DIVB) is 4.42%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 10.59%. This indicates that DIVB 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
| DIVB | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 10.59% | -6.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.77% | 17.02% | -8.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 19.86% | -8.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.29% | 19.73% | -4.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 20.53% | -2.16% |
DIVB vs. SPMO - Expense Ratio Comparison
DIVB has a 0.05% expense ratio, which is lower than SPMO's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DIVB vs. SPMO - Dividend Comparison
DIVB's dividend yield for the trailing twelve months is around 2.26%, more than SPMO's 0.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.26% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% | 0.00% | 0.00% |
SPMO Invesco S&P 500 Momentum ETF | 0.66% | 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
DIVB and SPMO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (10.59%) compared to DIVB (4.42%). In terms of maximum drawdown, DIVB dropped -36.93% vs SPMO's -30.95%.
On 5-year performance, SPMO leads with 23.51% vs 12.64% for DIVB. On fees, DIVB is cheaper at 0.05% per year. On volatility, DIVB has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SPMO has performed better with a 23.51% return vs 12.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVB is cheaper with a 0.05% expense ratio, compared with 0.13% for SPMO.
DIVB has the higher dividend yield at 2.26%, compared with 0.66% for SPMO.
DIVB is categorized as Dividend, while SPMO is Momentum. DIVB tracks Morningstar US Dividend and Buyback Index, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.05% for DIVB and 0.13% for SPMO.
DIVB currently has the higher Sharpe Ratio (2.46 vs 2.28), 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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