FUTU vs. SPMO
FUTU (Futu Holdings Limited) is a stock, while SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index. Over the past 5 years, FUTU returned -9.56%/yr vs 22.83%/yr for SPMO. At a 0.32 correlation, their price movements are largely independent.
Performance
FUTU vs. SPMO - Performance Comparison
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Returns By Period
In the year-to-date period, FUTU achieves a -39.18% return, which is significantly lower than SPMO's 29.45% return.
FUTU
- 1D
- 0.41%
- 1M
- 9.51%
- YTD
- -39.18%
- 6M
- -39.35%
- 1Y
- -14.85%
- 3Y*
- 37.89%
- 5Y*
- -9.56%
- 10Y*
- —
SPMO
- 1D
- -0.36%
- 1M
- 6.27%
- YTD
- 29.45%
- 6M
- 27.18%
- 1Y
- 41.07%
- 3Y*
- 42.30%
- 5Y*
- 22.83%
- 10Y*
- 20.99%
FUTU vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FUTU Futu Holdings Limited | -39.18% | 105.29% | 49.87% | 34.39% | -6.12% | -5.36% | 343.31% | -30.08% |
SPMO Invesco S&P 500 Momentum ETF | 29.45% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 12.96% |
Correlation
The correlation between FUTU and SPMO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.32 |
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Return for Risk
FUTU vs. SPMO — Risk / Return Rank
FUTU
SPMO
FUTU vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Futu Holdings Limited (FUTU) 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.
| FUTU | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.37 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 3.25 | -3.52 |
| Martin ratioReturn relative to average drawdown | -0.67 | 12.18 | -12.85 |
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Drawdowns
FUTU vs. SPMO - Drawdown Comparison
The maximum FUTU drawdown since its inception was -87.23%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for FUTU and SPMO.
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Drawdown Indicators
| FUTU | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.23% | -30.95% | -56.28% |
Max Drawdown (1Y)Largest decline over 1 year | -54.18% | -12.70% | -41.48% |
Max Drawdown (3Y)Largest decline over 3 years | -54.18% | -20.13% | -34.05% |
Max Drawdown (5Y)Largest decline over 5 years | -86.42% | -22.74% | -63.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -49.82% | -4.87% | -44.95% |
Average DrawdownAverage peak-to-trough decline | -47.54% | -4.59% | -42.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.22% | 3.38% | +18.84% |
Volatility
FUTU vs. SPMO - Volatility Comparison
Futu Holdings Limited (FUTU) has a higher volatility of 22.11% compared to Invesco S&P 500 Momentum ETF (SPMO) at 11.77%. This indicates that FUTU'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
| FUTU | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.11% | 11.77% | +10.34% |
Volatility (6M)Calculated over the trailing 6-month period | 51.03% | 17.74% | +33.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.07% | 20.51% | +41.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.58% | 19.87% | +52.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.05% | 20.60% | +54.45% |
Dividends
FUTU vs. SPMO - Dividend Comparison
FUTU's dividend yield for the trailing twelve months is around 2.64%, more than SPMO's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUTU Futu Holdings Limited | 2.64% | 0.00% | 2.50% | 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 | 0.68% | 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
FUTU and SPMO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FUTU has higher volatility (22.11%) compared to SPMO (11.77%). In terms of maximum drawdown, FUTU dropped -87.23% vs SPMO's -30.95%.
SPMO currently has the higher Sharpe Ratio (2.02 vs -0.24), 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.
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