GOLF vs. SPMO

Last updated Apr 1, 2026

Compare and contrast key facts about Acushnet Holdings Corp. (GOLF) and Invesco S&P 500 Momentum ETF (SPMO).

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

GOLF vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Acushnet Holdings Corp. (GOLF) and Invesco S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

GOLF vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GOLF Acushnet Holdings Corp.	17.42%	14.09%	13.96%	51.02%	-18.69%	32.71%	27.13%	57.63%	2.09%	9.84%
SPMO Invesco S&P 500 Momentum ETF	-5.78%	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, GOLF achieves a 17.42% return, which is significantly higher than SPMO's -5.78% return.

GOLF

• 1D: 2.57%
• 1M: -8.41%
• YTD: 17.42%
• 6M: 19.75%
• 1Y: 38.21%
• 3Y*: 24.17%
• 5Y*: 19.01%
• 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%

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

Return for Risk

GOLF vs. SPMO — Risk / Return Rank

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

GOLF

GOLF Risk / Return Rank: 78
GOLF Sharpe Ratio Rank: 79
GOLF Sortino Ratio Rank: 74
GOLF Omega Ratio Rank: 73
GOLF Calmar Ratio Rank: 80
GOLF Martin Ratio Rank: 82

SPMO

SPMO Risk / Return Rank: 66
SPMO Sharpe Ratio Rank: 59
SPMO Sortino Ratio Rank: 62
SPMO Omega Ratio Rank: 65
SPMO Calmar Ratio Rank: 74
SPMO Martin Ratio Rank: 68

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.

GOLF vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Acushnet Holdings Corp. (GOLF) 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.

	GOLF	SPMO	Difference
Sharpe ratio Return per unit of total volatility	1.21	0.98	+0.22
Sortino ratio Return per unit of downside risk	1.76	1.51	+0.25
Omega ratio Gain probability vs. loss probability	1.23	1.22	+0.01
Calmar ratio Return relative to maximum drawdown	2.27	1.79	+0.48
Martin ratio Return relative to average drawdown	6.75	6.36	+0.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOLF vs. SPMO - Sharpe Ratio Comparison

The current GOLF Sharpe Ratio is 1.21, which is comparable to the SPMO Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of GOLF and SPMO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GOLF	SPMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	0.98	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.91	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.85	-0.17

Correlation

The correlation between GOLF and SPMO is 0.38, 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

GOLF vs. SPMO - Dividend Comparison

GOLF's dividend yield for the trailing twelve months is around 1.29%, more than SPMO's 0.91% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOLF Acushnet Holdings Corp.	1.29%	1.49%	1.21%	1.23%	1.70%	1.24%	1.53%	1.72%	2.47%	2.28%	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

GOLF vs. SPMO - Drawdown Comparison

The maximum GOLF drawdown since its inception was -35.46%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for GOLF and SPMO.

Drawdown Indicators

	GOLF	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-35.46%	-30.95%	-4.51%
Max Drawdown (1Y) Largest decline over 1 year	-17.90%	-12.70%	-5.20%
Max Drawdown (5Y) Largest decline over 5 years	-33.37%	-22.74%	-10.63%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.95%	—
Current Drawdown Current decline from peak	-9.26%	-9.24%	-0.02%
Average Drawdown Average peak-to-trough decline	-9.37%	-4.66%	-4.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.07%	3.57%	+2.50%

Volatility

GOLF vs. SPMO - Volatility Comparison

Acushnet Holdings Corp. (GOLF) has a higher volatility of 7.98% compared to Invesco S&P 500 Momentum ETF (SPMO) at 6.82%. This indicates that GOLF'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.

Volatility by Period

	GOLF	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.98%	6.82%	+1.16%
Volatility (6M) Calculated over the trailing 6-month period	17.81%	12.62%	+5.19%
Volatility (1Y) Calculated over the trailing 1-year period	31.84%	22.68%	+9.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.12%	19.06%	+13.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.32%	20.08%	+11.24%