DXYZ vs. SPMO

Last updated Jun 10, 2026

DXYZ (Destiny Tech100 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, DXYZ returned -18.83% vs 39.21% for SPMO. At a 0.40 correlation, their price movements are largely independent.

Performance

DXYZ vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Destiny Tech100 Inc (DXYZ) and Invesco S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXYZ achieves a 13.29% return, which is significantly lower than SPMO's 23.98% return.

DXYZ

• 1D: -11.55%
• 1M: -36.45%
• YTD: 13.29%
• 6M: 24.60%
• 1Y: -18.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPMO

• 1D: -0.25%
• 1M: 2.57%
• YTD: 23.98%
• 6M: 22.84%
• 1Y: 39.21%
• 3Y*: 40.17%
• 5Y*: 22.76%
• 10Y*: 20.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DXYZ vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DXYZ Destiny Tech100 Inc	13.29%	-47.96%	613.45%
SPMO Invesco S&P 500 Momentum ETF	23.98%	26.58%	18.33%

Correlation

The correlation between DXYZ and SPMO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Mar 26, 2024	0.40

The correlation between DXYZ and SPMO shifts across timeframes, from 0.28 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DXYZ vs. SPMO — Risk / Return Rank

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

DXYZ

DXYZ Risk / Return Rank: 36
DXYZ Sharpe Ratio Rank: 35
DXYZ Sortino Ratio Rank: 43
DXYZ Omega Ratio Rank: 42
DXYZ Calmar Ratio Rank: 31
DXYZ Martin Ratio Rank: 32

SPMO

SPMO Risk / Return Rank: 71
SPMO Sharpe Ratio Rank: 73
SPMO Sortino Ratio Rank: 69
SPMO Omega Ratio Rank: 74
SPMO Calmar Ratio Rank: 69
SPMO Martin Ratio Rank: 71

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.

DXYZ vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Destiny Tech100 Inc (DXYZ) 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.

	DXYZ	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	-0.19	2.11	-2.30
Sortino ratio: Return per unit of downside risk	0.44	2.79	-2.36
Omega ratio: Gain probability vs. loss probability	1.05	1.39	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.37	3.10	-3.47
Martin ratio: Return relative to average drawdown	-0.62	11.87	-12.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXYZ vs. SPMO - Sharpe Ratio Comparison

The current DXYZ Sharpe Ratio is -0.19, which is lower than the SPMO Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of DXYZ 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.

Sharpe Ratios by Period

	DXYZ	SPMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	2.11	-2.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.17	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.98	-0.42

Drawdowns

DXYZ vs. SPMO - Drawdown Comparison

The maximum DXYZ drawdown since its inception was -90.35%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for DXYZ and SPMO.

Drawdown Indicators

	DXYZ	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-90.35%	-30.95%	-59.40%
Max Drawdown (1Y) Largest decline over 1 year	-51.29%	-12.70%	-38.59%
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	-65.23%	-4.89%	-60.34%
Average Drawdown Average peak-to-trough decline	-68.38%	-4.60%	-63.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.66%	3.31%	+29.35%

Volatility

DXYZ vs. SPMO - Volatility Comparison

Destiny Tech100 Inc (DXYZ) has a higher volatility of 58.87% compared to Invesco S&P 500 Momentum ETF (SPMO) at 8.94%. This indicates that DXYZ'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.

Volatility by Period

	DXYZ	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	58.87%	8.94%	+49.93%
Volatility (6M) Calculated over the trailing 6-month period	81.47%	15.83%	+65.64%
Volatility (1Y) Calculated over the trailing 1-year period	98.45%	18.68%	+79.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	164.90%	19.50%	+145.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	164.90%	20.41%	+144.49%

Dividends

DXYZ vs. SPMO - Dividend Comparison

DXYZ 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
DXYZ Destiny Tech100 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

Can I hold both DXYZ and SPMO in my portfolio?

DXYZ and SPMO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DXYZ or SPMO?

DXYZ has higher volatility (58.87%) compared to SPMO (8.94%). In terms of maximum drawdown, DXYZ dropped -90.35% vs SPMO's -30.95%.

Which has better risk-adjusted returns?

SPMO currently has the higher Sharpe Ratio (2.11 vs -0.19), 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.