FAOFX vs. SPMO
Compare and contrast key facts about Fidelity Advisor Series Growth Opportunities Fund (FAOFX) and Invesco S&P 500 Momentum ETF (SPMO).
FAOFX is managed by Fidelity. It was launched on Nov 7, 2013. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Performance
FAOFX vs. SPMO - Performance Comparison
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FAOFX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAOFX Fidelity Advisor Series Growth Opportunities Fund | -8.82% | 22.32% | 39.90% | 46.96% | -37.34% | 13.29% | 68.46% | 40.79% | 16.47% | 35.62% |
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Returns By Period
In the year-to-date period, FAOFX achieves a -8.82% return, which is significantly lower than SPMO's -3.77% return. Over the past 10 years, FAOFX has outperformed SPMO with an annualized return of 20.25%, while SPMO has yielded a comparatively lower 17.41% annualized return.
FAOFX
- 1D
- 4.64%
- 1M
- -5.60%
- YTD
- -8.82%
- 6M
- -7.85%
- 1Y
- 23.88%
- 3Y*
- 25.92%
- 5Y*
- 9.10%
- 10Y*
- 20.25%
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
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FAOFX vs. SPMO - Expense Ratio Comparison
FAOFX has a 0.00% 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%.
Return for Risk
FAOFX vs. SPMO — Risk / Return Rank
FAOFX
SPMO
FAOFX vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Series Growth Opportunities Fund (FAOFX) 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.
| FAOFX | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 1.06 | -0.03 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.60 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.96 | -0.36 |
Martin ratioReturn relative to average drawdown | 5.65 | 6.90 | -1.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FAOFX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.06 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.93 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.87 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.86 | -0.07 |
Correlation
The correlation between FAOFX and SPMO is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FAOFX vs. SPMO - Dividend Comparison
FAOFX's dividend yield for the trailing twelve months is around 16.99%, more than SPMO's 0.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOFX Fidelity Advisor Series Growth Opportunities Fund | 16.99% | 15.49% | 8.75% | 0.33% | 0.54% | 30.66% | 32.61% | 28.66% | 24.08% | 10.40% | 4.35% | 11.85% |
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
FAOFX vs. SPMO - Drawdown Comparison
The maximum FAOFX drawdown since its inception was -43.59%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for FAOFX and SPMO.
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Drawdown Indicators
| FAOFX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.59% | -30.95% | -12.64% |
Max Drawdown (1Y)Largest decline over 1 year | -15.48% | -12.70% | -2.78% |
Max Drawdown (5Y)Largest decline over 5 years | -43.59% | -22.74% | -20.85% |
Max Drawdown (10Y)Largest decline over 10 years | -43.59% | -30.95% | -12.64% |
Current DrawdownCurrent decline from peak | -11.56% | -7.31% | -4.25% |
Average DrawdownAverage peak-to-trough decline | -8.19% | -4.66% | -3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 3.60% | +0.78% |
Volatility
FAOFX vs. SPMO - Volatility Comparison
Fidelity Advisor Series Growth Opportunities Fund (FAOFX) has a higher volatility of 8.34% compared to Invesco S&P 500 Momentum ETF (SPMO) at 7.22%. This indicates that FAOFX'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.
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Volatility by Period
| FAOFX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.34% | 7.22% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 14.74% | 12.80% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.75% | 22.77% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.05% | 19.08% | +5.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.83% | 20.09% | +3.74% |