EAOA vs. SPMO
EAOA (iShares ESG Aware Aggressive Allocation ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - EAOA is a Diversified Portfolio fund tracking the BlackRock ESG Aware Aggressive Allocation Index, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 5 years, EAOA returned 8.08%/yr vs 22.83%/yr for SPMO. Their correlation of 0.81 suggests significant overlap in exposure. EAOA charges 0.18%/yr vs 0.13%/yr for SPMO.
Performance
EAOA vs. SPMO - Performance Comparison
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Returns By Period
In the year-to-date period, EAOA achieves a 8.38% return, which is significantly lower than SPMO's 29.45% return.
EAOA
- 1D
- -0.06%
- 1M
- 0.12%
- YTD
- 8.38%
- 6M
- 7.57%
- 1Y
- 20.33%
- 3Y*
- 16.43%
- 5Y*
- 8.08%
- 10Y*
- —
SPMO
- 1D
- -0.36%
- 1M
- 6.27%
- YTD
- 29.45%
- 6M
- 27.18%
- 1Y
- 41.07%
- 3Y*
- 42.30%
- 5Y*
- 22.83%
- 10Y*
- 20.99%
EAOA vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EAOA iShares ESG Aware Aggressive Allocation ETF | 8.38% | 18.41% | 13.79% | 18.27% | -17.76% | 14.52% | 19.79% |
SPMO Invesco S&P 500 Momentum ETF | 29.45% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 22.43% |
Correlation
The correlation between EAOA and SPMO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2020 | 0.81 |
The correlation between EAOA and SPMO has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.
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Return for Risk
EAOA vs. SPMO — Risk / Return Rank
EAOA
SPMO
EAOA vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware Aggressive Allocation ETF (EAOA) 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.
| EAOA | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 3.25 | -0.75 |
| Martin ratioReturn relative to average drawdown | 10.79 | 12.18 | -1.40 |
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Drawdowns
EAOA vs. SPMO - Drawdown Comparison
The maximum EAOA drawdown since its inception was -25.06%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for EAOA and SPMO.
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Drawdown Indicators
| EAOA | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.06% | -30.95% | +5.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.17% | -12.70% | +4.53% |
Max Drawdown (3Y)Largest decline over 3 years | -13.84% | -20.13% | +6.29% |
Max Drawdown (5Y)Largest decline over 5 years | -25.06% | -22.74% | -2.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -2.11% | -4.87% | +2.76% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -4.59% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 3.38% | -1.49% |
Volatility
EAOA vs. SPMO - Volatility Comparison
The current volatility for iShares ESG Aware Aggressive Allocation ETF (EAOA) is 4.63%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 11.77%. This indicates that EAOA 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
| EAOA | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 11.77% | -7.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 17.74% | -8.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 20.51% | -9.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.36% | 19.87% | -6.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.19% | 20.60% | -7.41% |
EAOA vs. SPMO - Expense Ratio Comparison
EAOA has a 0.18% expense ratio, which is higher than SPMO's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EAOA vs. SPMO - Dividend Comparison
EAOA's dividend yield for the trailing twelve months is around 1.98%, more than SPMO's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAOA iShares ESG Aware Aggressive Allocation ETF | 1.98% | 2.10% | 2.09% | 2.21% | 1.93% | 1.48% | 1.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500 Momentum ETF | 0.68% | 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
EAOA and SPMO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (11.77%) compared to EAOA (4.63%). In terms of maximum drawdown, EAOA dropped -25.06% vs SPMO's -30.95%.
On 5-year performance, SPMO leads with 22.83% vs 8.08% for EAOA. On fees, SPMO is cheaper at 0.13% per year. On volatility, EAOA has been the lower-risk option at 4.63%. 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 22.83% return vs 8.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMO is cheaper with a 0.13% expense ratio, compared with 0.18% for EAOA.
EAOA has the higher dividend yield at 1.98%, compared with 0.68% for SPMO.
EAOA is categorized as Diversified Portfolio, while SPMO is Momentum. EAOA tracks BlackRock ESG Aware Aggressive Allocation Index, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for EAOA and 0.13% for SPMO.
SPMO currently has the higher Sharpe Ratio (2.02 vs 1.79), 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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