FINN.NEO vs. SPMO

Last updated Jul 16, 2026

FINN.NEO (Fidelity Global Innovators ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - FINN.NEO is a Global Equities fund actively managed by Fidelity, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. FINN.NEO is actively managed, while SPMO is passively managed. Over the past 3 years, FINN.NEO returned 43.00%/yr vs 43.93%/yr for SPMO. A 0.68 correlation means they provide meaningful diversification when combined. FINN.NEO charges 1.09%/yr vs 0.13%/yr for SPMO.

Performance

FINN.NEO vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity Global Innovators ETF (FINN.NEO) and Invesco S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FINN.NEO is traded in CAD, while SPMO is traded in USD. To make them comparable, the SPMO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FINN.NEO achieves a 40.98% return, which is significantly higher than SPMO's 29.55% return.

FINN.NEO

• 1D: 0.74%
• 1M: -0.97%
• 6M: 33.95%
• YTD: 40.98%
• 1Y: 58.67%
• 3Y*: 43.00%
• 5Y*: —
• 10Y*: —

SPMO

• 1D: -2.55%
• 1M: -4.22%
• 6M: 28.20%
• YTD: 29.55%
• 1Y: 37.58%
• 3Y*: 43.93%
• 5Y*: 24.47%
• 10Y*: 21.71%

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

FINN.NEO vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FINN.NEO Fidelity Global Innovators ETF	40.98%	20.61%	58.65%	21.40%
SPMO Invesco S&P 500 Momentum ETF	29.55%	20.80%	58.16%	18.85%

Correlation

The correlation between FINN.NEO and SPMO is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since May 19, 2023	0.68

The correlation between FINN.NEO and SPMO has been stable across timeframes, ranging from 0.68 to 0.70 - a consistent structural relationship.

Return for Risk

FINN.NEO vs. SPMO — Risk / Return Rank

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

FINN.NEO

FINN.NEO Risk / Return Rank: 89
FINN.NEO Sharpe Ratio Rank: 90
FINN.NEO Sortino Ratio Rank: 86
FINN.NEO Omega Ratio Rank: 87
FINN.NEO Calmar Ratio Rank: 93
FINN.NEO Martin Ratio Rank: 89

SPMO

SPMO Risk / Return Rank: 60
SPMO Sharpe Ratio Rank: 57
SPMO Sortino Ratio Rank: 53
SPMO Omega Ratio Rank: 58
SPMO Calmar Ratio Rank: 68
SPMO Martin Ratio Rank: 66

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.

FINN.NEO vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Innovators ETF (FINN.NEO) 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.

	FINN.NEO	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	2.40	1.67	+0.73
Sortino ratio: Return per unit of downside risk	3.07	2.26	+0.82
Omega ratio: Gain probability vs. loss probability	1.42	1.30	+0.11
Calmar ratio: Return relative to maximum drawdown	4.94	2.92	+2.02
Martin ratio: Return relative to average drawdown	15.51	9.19	+6.32

FINN.NEO vs. SPMO - Sharpe Ratio Comparison

The current FINN.NEO Sharpe Ratio is 2.40, which is higher than the SPMO Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of FINN.NEO 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.

Drawdowns

FINN.NEO vs. SPMO - Drawdown Comparison

The maximum FINN.NEO drawdown since its inception was -25.66%, roughly equal to the maximum SPMO drawdown of -26.80%. Use the drawdown chart below to compare losses from any high point for FINN.NEO and SPMO.

Drawdown Indicators

	FINN.NEO	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-25.66%	-26.80%	+1.14%
Max Drawdown (1Y) Largest decline over 1 year	-11.94%	-12.95%	+1.01%
Max Drawdown (3Y) Largest decline over 3 years	-25.66%	-21.35%	-4.31%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-26.80%	—
Current Drawdown Current decline from peak	-2.91%	-8.17%	+5.26%
Average Drawdown Average peak-to-trough decline	-3.97%	-4.16%	+0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.79%	4.10%	-0.31%

Volatility

FINN.NEO vs. SPMO - Volatility Comparison

The current volatility for Fidelity Global Innovators ETF (FINN.NEO) is 6.08%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 12.34%. This indicates that FINN.NEO 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.

Volatility by Period

	FINN.NEO	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	12.34%	-6.26%
Volatility (6M) Calculated over the trailing 6-month period	20.03%	20.38%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	24.62%	22.67%	+1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.37%	21.16%	+1.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.37%	21.89%	+0.48%

FINN.NEO vs. SPMO - Expense Ratio Comparison

FINN.NEO has a 1.09% expense ratio, which is higher than SPMO's 0.13% expense ratio.

Dividends

FINN.NEO vs. SPMO - Dividend Comparison

FINN.NEO has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.70%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FINN.NEO Fidelity Global Innovators 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	0.70%	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 FINN.NEO and SPMO in my portfolio?

FINN.NEO and SPMO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FINN.NEO or SPMO?

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.

Which ETF is cheaper, FINN.NEO or SPMO?

SPMO is cheaper with a 0.13% expense ratio, compared with 1.09% for FINN.NEO.

What is the main difference between FINN.NEO and SPMO?

FINN.NEO is categorized as Global Equities, while SPMO is Momentum. They also come from different issuers: Fidelity and Invesco. Their fees differ too: 1.09% for FINN.NEO and 0.13% for SPMO.