GOLD.AS vs. SPMO
Compare and contrast key facts about Amundi Physical Gold ETC C (GOLD.AS) and Invesco S&P 500 Momentum ETF (SPMO).
GOLD.AS and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOLD.AS is a passively managed fund by Amundi that tracks the performance of the LMBA Gold Price PM USD. It was launched on May 21, 2019. 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. Both GOLD.AS and SPMO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GOLD.AS vs. SPMO - Performance Comparison
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GOLD.AS vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GOLD.AS Amundi Physical Gold ETC C | 6.85% | 64.94% | 26.36% | 13.35% | -0.13% | -4.09% | 24.31% | 18.40% |
SPMO Invesco S&P 500 Momentum ETF | -5.78% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 7.88% |
Returns By Period
In the year-to-date period, GOLD.AS achieves a 6.85% return, which is significantly higher than SPMO's -5.78% return.
GOLD.AS
- 1D
- 1.74%
- 1M
- -11.92%
- YTD
- 6.85%
- 6M
- 20.04%
- 1Y
- 47.58%
- 3Y*
- 32.41%
- 5Y*
- 21.53%
- 10Y*
- —
SPMO
- 1D
- 3.96%
- 1M
- -5.89%
- YTD
- -5.78%
- 6M
- -6.90%
- 1Y
- 22.23%
- 3Y*
- 28.36%
- 5Y*
- 17.17%
- 10Y*
- 17.16%
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GOLD.AS vs. SPMO - Expense Ratio Comparison
GOLD.AS has a 0.12% 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
GOLD.AS vs. SPMO — Risk / Return Rank
GOLD.AS
SPMO
GOLD.AS vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Physical Gold ETC C (GOLD.AS) 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.
| GOLD.AS | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 0.98 | +0.84 |
Sortino ratioReturn per unit of downside risk | 2.27 | 1.51 | +0.76 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.22 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 1.79 | +0.92 |
Martin ratioReturn relative to average drawdown | 10.69 | 6.36 | +4.34 |
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
| GOLD.AS | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 0.98 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.26 | 0.91 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 0.85 | +0.34 |
Correlation
The correlation between GOLD.AS and SPMO is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GOLD.AS vs. SPMO - Dividend Comparison
GOLD.AS has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.91%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLD.AS Amundi Physical Gold ETC C | 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 | 0.91% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
GOLD.AS vs. SPMO - Drawdown Comparison
The maximum GOLD.AS drawdown since its inception was -21.14%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for GOLD.AS and SPMO.
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Drawdown Indicators
| GOLD.AS | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.14% | -30.95% | +9.81% |
Max Drawdown (1Y)Largest decline over 1 year | -17.83% | -12.70% | -5.13% |
Max Drawdown (5Y)Largest decline over 5 years | -21.14% | -22.74% | +1.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -13.00% | -9.24% | -3.76% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -4.66% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 3.57% | +0.94% |
Volatility
GOLD.AS vs. SPMO - Volatility Comparison
Amundi Physical Gold ETC C (GOLD.AS) has a higher volatility of 11.68% compared to Invesco S&P 500 Momentum ETF (SPMO) at 6.82%. This indicates that GOLD.AS'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
| GOLD.AS | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.68% | 6.82% | +4.86% |
Volatility (6M)Calculated over the trailing 6-month period | 22.21% | 12.62% | +9.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.73% | 22.68% | +3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 19.06% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 20.08% | -3.25% |