GOOG.TO vs. SPMO

Last updated Apr 1, 2026

Compare and contrast key facts about Alphabet CDR (CAD Hedged) (GOOG.TO) 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

GOOG.TO vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Alphabet CDR (CAD Hedged) (GOOG.TO) and Invesco S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

GOOG.TO vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GOOG.TO Alphabet CDR (CAD Hedged)	-9.07%	61.01%	33.55%	56.62%	-39.75%	4.65%
SPMO Invesco S&P 500 Momentum ETF	-4.50%	20.78%	58.34%	14.97%	-4.07%	7.02%

Different Trading Currencies

GOOG.TO 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, GOOG.TO achieves a -9.07% return, which is significantly lower than SPMO's -8.06% return.

GOOG.TO

• 1D: 4.65%
• 1M: -8.06%
• YTD: -9.07%
• 6M: 16.50%
• 1Y: 79.45%
• 3Y*: 37.95%
• 5Y*: —
• 10Y*: —

SPMO

• 1D: 0.00%
• 1M: -7.61%
• YTD: -8.06%
• 6M: -10.45%
• 1Y: 13.76%
• 3Y*: 27.96%
• 5Y*: 18.70%
• 10Y*: 17.50%

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

Return for Risk

GOOG.TO vs. SPMO — Risk / Return Rank

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

GOOG.TO

GOOG.TO Risk / Return Rank: 94
GOOG.TO Sharpe Ratio Rank: 95
GOOG.TO Sortino Ratio Rank: 95
GOOG.TO Omega Ratio Rank: 93
GOOG.TO Calmar Ratio Rank: 90
GOOG.TO Martin Ratio Rank: 94

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.

GOOG.TO vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alphabet CDR (CAD Hedged) (GOOG.TO) 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.

	GOOG.TO	SPMO	Difference
Sharpe ratio Return per unit of total volatility	2.66	0.63	+2.03
Sortino ratio Return per unit of downside risk	3.62	1.00	+2.63
Omega ratio Gain probability vs. loss probability	1.44	1.15	+0.29
Calmar ratio Return relative to maximum drawdown	3.79	1.15	+2.64
Martin ratio Return relative to average drawdown	14.55	3.44	+11.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOOG.TO vs. SPMO - Sharpe Ratio Comparison

The current GOOG.TO Sharpe Ratio is 2.66, which is higher than the SPMO Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of GOOG.TO 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

	GOOG.TO	SPMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	0.63	+2.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.08	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.91	-0.42

Correlation

The correlation between GOOG.TO and SPMO is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GOOG.TO vs. SPMO - Dividend Comparison

GOOG.TO's dividend yield for the trailing twelve months is around 0.29%, less than SPMO's 0.91% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOOG.TO Alphabet CDR (CAD Hedged)	0.29%	0.27%	0.31%	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

GOOG.TO vs. SPMO - Drawdown Comparison

The maximum GOOG.TO drawdown since its inception was -45.34%, which is greater than SPMO's maximum drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for GOOG.TO and SPMO.

Drawdown Indicators

	GOOG.TO	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-45.34%	-30.95%	-14.39%
Max Drawdown (1Y) Largest decline over 1 year	-21.03%	-12.70%	-8.33%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.95%	—
Current Drawdown Current decline from peak	-17.34%	-9.24%	-8.10%
Average Drawdown Average peak-to-trough decline	-14.52%	-4.66%	-9.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.47%	3.57%	+1.90%

Volatility

GOOG.TO vs. SPMO - Volatility Comparison

Alphabet CDR (CAD Hedged) (GOOG.TO) has a higher volatility of 8.58% compared to Invesco S&P 500 Momentum ETF (SPMO) at 5.16%. This indicates that GOOG.TO'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

	GOOG.TO	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.58%	5.16%	+3.42%
Volatility (6M) Calculated over the trailing 6-month period	19.40%	11.73%	+7.67%
Volatility (1Y) Calculated over the trailing 1-year period	30.04%	22.03%	+8.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.09%	17.37%	+13.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.09%	18.89%	+12.20%