FTRNX vs. SPMO
Compare and contrast key facts about Fidelity Trend Fund (FTRNX) and Invesco S&P 500 Momentum ETF (SPMO).
FTRNX is managed by Fidelity. It was launched on Jun 16, 1958. 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
FTRNX vs. SPMO - Performance Comparison
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FTRNX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTRNX Fidelity Trend Fund | -6.17% | 18.77% | 40.43% | 44.39% | -33.66% | 22.86% | 47.01% | 36.12% | -5.48% | 29.09% |
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, FTRNX achieves a -6.17% return, which is significantly lower than SPMO's -3.77% return. Both investments have delivered pretty close results over the past 10 years, with FTRNX having a 16.94% annualized return and SPMO not far ahead at 17.41%.
FTRNX
- 1D
- 4.62%
- 1M
- -7.70%
- YTD
- -6.17%
- 6M
- -6.35%
- 1Y
- 26.84%
- 3Y*
- 24.30%
- 5Y*
- 12.88%
- 10Y*
- 16.94%
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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FTRNX vs. SPMO - Expense Ratio Comparison
FTRNX has a 0.73% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
FTRNX vs. SPMO — Risk / Return Rank
FTRNX
SPMO
FTRNX vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Trend Fund (FTRNX) 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.
| FTRNX | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.06 | +0.02 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.60 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.96 | -0.08 |
Martin ratioReturn relative to average drawdown | 6.44 | 6.90 | -0.47 |
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
| FTRNX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.06 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.93 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.87 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.86 | -0.32 |
Correlation
The correlation between FTRNX and SPMO is 0.79, 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
FTRNX vs. SPMO - Dividend Comparison
FTRNX's dividend yield for the trailing twelve months is around 6.85%, more than SPMO's 0.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTRNX Fidelity Trend Fund | 6.85% | 8.23% | 15.26% | 4.69% | 5.34% | 7.80% | 4.44% | 9.65% | 8.30% | 8.62% | 5.25% | 6.44% |
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
FTRNX vs. SPMO - Drawdown Comparison
The maximum FTRNX drawdown since its inception was -56.26%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for FTRNX and SPMO.
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Drawdown Indicators
| FTRNX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.26% | -30.95% | -25.31% |
Max Drawdown (1Y)Largest decline over 1 year | -14.92% | -12.70% | -2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -39.05% | -22.74% | -16.31% |
Max Drawdown (10Y)Largest decline over 10 years | -39.05% | -30.95% | -8.10% |
Current DrawdownCurrent decline from peak | -11.00% | -7.31% | -3.69% |
Average DrawdownAverage peak-to-trough decline | -10.58% | -4.66% | -5.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 3.60% | +0.76% |
Volatility
FTRNX vs. SPMO - Volatility Comparison
Fidelity Trend Fund (FTRNX) has a higher volatility of 8.93% compared to Invesco S&P 500 Momentum ETF (SPMO) at 7.22%. This indicates that FTRNX'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
| FTRNX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.93% | 7.22% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 16.06% | 12.80% | +3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.47% | 22.77% | +3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.30% | 19.08% | +7.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.91% | 20.09% | +3.82% |