GTPE vs. SPMO
GTPE (Goldman Sachs MSCI World Private Equity Return Tracker ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - GTPE is a Global Equities fund tracking the MSCI World Private Equity Return Tracker Index, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Their correlation of 0.84 suggests significant overlap in exposure. GTPE charges 0.50%/yr vs 0.13%/yr for SPMO.
Performance
GTPE vs. SPMO - Performance Comparison
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Returns By Period
In the year-to-date period, GTPE achieves a 18.27% return, which is significantly lower than SPMO's 29.42% return.
GTPE
- 1D
- 0.03%
- 1M
- 1.77%
- 6M
- 15.75%
- YTD
- 18.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPMO
- 1D
- 0.44%
- 1M
- 2.26%
- 6M
- 28.65%
- YTD
- 29.42%
- 1Y
- 38.22%
- 3Y*
- 41.45%
- 5Y*
- 21.93%
- 10Y*
- 20.98%
GTPE vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GTPE Goldman Sachs MSCI World Private Equity Return Tracker ETF | 18.27% | 2.96% |
SPMO Invesco S&P 500 Momentum ETF | 29.42% | 0.12% |
Correlation
The correlation between GTPE and SPMO is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025 | 0.84 |
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Return for Risk
GTPE vs. SPMO — Risk / Return Rank
GTPE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPMO
GTPE vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MSCI World Private Equity Return Tracker ETF (GTPE) 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.
| GTPE | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.00 | — |
| Martin ratioReturn relative to average drawdown | — | 10.76 | — |
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Drawdowns
GTPE vs. SPMO - Drawdown Comparison
The maximum GTPE drawdown since its inception was -8.91%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for GTPE and SPMO.
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Drawdown Indicators
| GTPE | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.91% | -30.95% | +22.04% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.70% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -1.39% | -4.89% | +3.50% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -4.59% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.53% | — |
Volatility
GTPE vs. SPMO - Volatility Comparison
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Volatility by Period
| GTPE | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.52% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.60% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.04% | 22.01% | -3.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.04% | 20.20% | -2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 20.77% | -2.73% |
GTPE vs. SPMO - Expense Ratio Comparison
GTPE has a 0.50% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Dividends
GTPE vs. SPMO - Dividend Comparison
GTPE has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTPE Goldman Sachs MSCI World Private Equity Return Tracker ETF | 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 | 0.68% | 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
GTPE and SPMO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPMO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPMO is cheaper with a 0.13% expense ratio, compared with 0.50% for GTPE.
SPMO has the higher dividend yield at 0.68%, compared with 0.00% for GTPE.
GTPE is categorized as Global Equities, while SPMO is Momentum. GTPE tracks MSCI World Private Equity Return Tracker Index, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: Goldman Sachs and Invesco. Their fees differ too: 0.50% for GTPE and 0.13% for SPMO.
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