ETHA vs. SPMO
ETHA (iShares Ethereum Trust ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - ETHA is a Cryptocurrency fund tracking the CME CF Ether Dollar Reference Rate - New York Variant, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past year, ETHA returned -31.79% vs 46.00% for SPMO. At a 0.46 correlation, their price movements are largely independent. ETHA charges 0.25%/yr vs 0.13%/yr for SPMO.
Performance
ETHA vs. SPMO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETHA achieves a -39.46% return, which is significantly lower than SPMO's 30.35% return.
ETHA
- 1D
- -5.56%
- 1M
- -23.58%
- YTD
- -39.46%
- 6M
- -42.75%
- 1Y
- -31.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPMO
- 1D
- 0.50%
- 1M
- 15.36%
- YTD
- 30.35%
- 6M
- 30.51%
- 1Y
- 46.00%
- 3Y*
- 43.04%
- 5Y*
- 24.29%
- 10Y*
- 20.95%
ETHA vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHA iShares Ethereum Trust ETF | -39.46% | -11.31% | -3.62% |
SPMO Invesco S&P 500 Momentum ETF | 30.35% | 26.58% | 8.39% |
Correlation
The correlation between ETHA and SPMO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.46 |
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
ETHA vs. SPMO — Risk / Return Rank
ETHA
SPMO
ETHA vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ethereum Trust ETF (ETHA) 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.
| ETHA | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.09 | ||
| Sortino ratioReturn per unit of downside risk | -3.85 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.47 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 3.64 | -4.15 |
| Martin ratioReturn relative to average drawdown | -0.84 | 14.17 | -15.01 |
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
| ETHA | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.47 | 2.62 | -3.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.27 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | 1.01 | -1.42 |
Drawdowns
ETHA vs. SPMO - Drawdown Comparison
The maximum ETHA drawdown since its inception was -64.02%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for ETHA and SPMO.
Loading charts...
Drawdown Indicators
| ETHA | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.02% | -30.95% | -33.07% |
Max Drawdown (1Y)Largest decline over 1 year | -62.89% | -12.70% | -50.19% |
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 DrawdownCurrent decline from peak | -62.89% | 0.00% | -62.89% |
Average DrawdownAverage peak-to-trough decline | -32.65% | -4.60% | -28.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.73% | 3.26% | +34.47% |
Volatility
ETHA vs. SPMO - Volatility Comparison
iShares Ethereum Trust ETF (ETHA) has a higher volatility of 10.15% compared to Invesco S&P 500 Momentum ETF (SPMO) at 7.35%. This indicates that ETHA'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
| ETHA | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.15% | 7.35% | +2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 46.25% | 14.39% | +31.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.61% | 17.64% | +50.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.53% | 19.30% | +53.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.53% | 20.31% | +52.22% |
ETHA vs. SPMO - Expense Ratio Comparison
ETHA has a 0.25% 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
ETHA vs. SPMO - Dividend Comparison
ETHA has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETHA iShares Ethereum Trust ETF | 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 | 0.65% | 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
ETHA and SPMO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHA has higher volatility (10.15%) compared to SPMO (7.35%). In terms of maximum drawdown, ETHA dropped -64.02% vs SPMO's -30.95%.
On 1-year performance, SPMO leads with 46.00% vs -31.79% for ETHA. On fees, SPMO is cheaper at 0.13% per year. On volatility, SPMO has been the lower-risk option at 7.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPMO has performed better with a 46.00% return vs -31.79%. 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 0.25% for ETHA.
SPMO has the higher dividend yield at 0.65%, compared with 0.00% for ETHA.
ETHA is categorized as Cryptocurrency, while SPMO is Momentum. ETHA tracks CME CF Ether Dollar Reference Rate - New York Variant, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for ETHA and 0.13% for SPMO.
SPMO currently has the higher Sharpe Ratio (2.62 vs -0.47), 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.
Find the right allocation for ETHA 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