EDM2.DE vs. SPMO
EDM2.DE (iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc)) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - EDM2.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ESG Enhanced Focus, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 5 years, EDM2.DE returned 7.59%/yr vs 25.07%/yr for SPMO. At a 0.35 correlation, their price movements are largely independent. EDM2.DE charges 0.18%/yr vs 0.13%/yr for SPMO.
Performance
EDM2.DE vs. SPMO - Performance Comparison
Loading charts...
Different Trading Currencies
EDM2.DE is traded in EUR, while SPMO is traded in USD. To make them comparable, the SPMO values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EDM2.DE achieves a 26.35% return, which is significantly lower than SPMO's 29.91% return.
EDM2.DE
- 1D
- -1.45%
- 1M
- 6.14%
- YTD
- 26.35%
- 6M
- 28.13%
- 1Y
- 47.21%
- 3Y*
- 20.29%
- 5Y*
- 7.59%
- 10Y*
- —
SPMO
- 1D
- -1.59%
- 1M
- 11.58%
- YTD
- 29.91%
- 6M
- 27.84%
- 1Y
- 41.51%
- 3Y*
- 38.49%
- 5Y*
- 25.07%
- 10Y*
- 20.51%
EDM2.DE vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EDM2.DE iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) | 26.35% | 19.81% | 13.36% | 4.56% | -16.00% | 4.73% | 7.76% | 7.05% |
SPMO Invesco S&P 500 Momentum ETF | 29.91% | 11.56% | 55.44% | 14.03% | -4.90% | 31.82% | 17.68% | 3.61% |
Correlation
The correlation between EDM2.DE and SPMO is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2019 | 0.35 |
The correlation between EDM2.DE and SPMO shifts across timeframes, from 0.34 (5 years) to 0.53 (1 year), 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.
Return for Risk
EDM2.DE vs. SPMO — Risk / Return Rank
EDM2.DE
SPMO
EDM2.DE vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.DE) 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.
| EDM2.DE | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.41 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 3.59 | +0.73 |
| Martin ratioReturn relative to average drawdown | 15.65 | 11.70 | +3.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EDM2.DE | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 2.35 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 1.29 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.99 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.96 | -0.46 |
Drawdowns
EDM2.DE vs. SPMO - Drawdown Comparison
The maximum EDM2.DE drawdown since its inception was -32.32%, roughly equal to the maximum SPMO drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for EDM2.DE and SPMO.
Loading charts...
Drawdown Indicators
| EDM2.DE | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.32% | -32.02% | -0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.88% | -11.63% | +0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -19.52% | -25.02% | +5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | -25.02% | -0.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.02% | — |
Current DrawdownCurrent decline from peak | -2.66% | -1.59% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -4.51% | -6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 3.56% | -0.55% |
Volatility
EDM2.DE vs. SPMO - Volatility Comparison
iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.DE) has a higher volatility of 7.43% compared to Invesco S&P 500 Momentum ETF (SPMO) at 6.79%. This indicates that EDM2.DE'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
| EDM2.DE | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 6.79% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 15.11% | 13.70% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.92% | 17.73% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 19.48% | -2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 20.88% | -1.75% |
EDM2.DE vs. SPMO - Expense Ratio Comparison
EDM2.DE 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
EDM2.DE vs. SPMO - Dividend Comparison
EDM2.DE has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDM2.DE iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) | 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 | 0.66% | 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
EDM2.DE and SPMO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPMO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPMO is cheaper with a 0.13% expense ratio, compared with 0.18% for EDM2.DE.
EDM2.DE is categorized as Emerging Markets Equities, while SPMO is Momentum. EDM2.DE tracks MSCI Emerging Markets ESG Enhanced Focus, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for EDM2.DE and 0.13% for SPMO.
Find the right allocation for EDM2.DE 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