HIPO vs. SPMO
HIPO (Hippo Holdings Inc.) is a stock, while SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index. Over the past 3 years, HIPO returned 16.37%/yr vs 42.30%/yr for SPMO. At a 0.28 correlation, their price movements are largely independent.
Performance
HIPO vs. SPMO - Performance Comparison
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Returns By Period
In the year-to-date period, HIPO achieves a -11.40% return, which is significantly lower than SPMO's 29.45% return.
HIPO
- 1D
- 1.22%
- 1M
- 1.72%
- YTD
- -11.40%
- 6M
- -15.34%
- 1Y
- -4.51%
- 3Y*
- 16.37%
- 5Y*
- —
- 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%
HIPO vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HIPO Hippo Holdings Inc. | -11.40% | 12.36% | 193.53% | -32.94% | -80.78% | -73.43% |
SPMO Invesco S&P 500 Momentum ETF | 29.45% | 26.58% | 45.82% | 17.56% | -10.45% | 6.38% |
Correlation
The correlation between HIPO and SPMO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2021 | 0.28 |
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Return for Risk
HIPO vs. SPMO — Risk / Return Rank
HIPO
SPMO
HIPO vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hippo Holdings Inc. (HIPO) 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.
| HIPO | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.37 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 3.25 | -3.37 |
| Martin ratioReturn relative to average drawdown | -0.22 | 12.18 | -12.40 |
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Drawdowns
HIPO vs. SPMO - Drawdown Comparison
The maximum HIPO drawdown since its inception was -97.41%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for HIPO and SPMO.
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Drawdown Indicators
| HIPO | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.41% | -30.95% | -66.46% |
Max Drawdown (1Y)Largest decline over 1 year | -36.35% | -12.70% | -23.65% |
Max Drawdown (3Y)Largest decline over 3 years | -61.73% | -20.13% | -41.60% |
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 | -89.99% | -4.87% | -85.12% |
Average DrawdownAverage peak-to-trough decline | -88.30% | -4.59% | -83.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.42% | 3.38% | +17.04% |
Volatility
HIPO vs. SPMO - Volatility Comparison
The current volatility for Hippo Holdings Inc. (HIPO) is 10.26%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 11.77%. This indicates that HIPO experiences smaller price fluctuations and is considered to be less risky 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
| HIPO | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.26% | 11.77% | -1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 23.36% | 17.74% | +5.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.23% | 20.51% | +19.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.85% | 19.87% | +51.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.85% | 20.60% | +51.25% |
Dividends
HIPO vs. SPMO - Dividend Comparison
HIPO 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIPO Hippo Holdings Inc. | 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
HIPO and SPMO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (11.77%) compared to HIPO (10.26%). In terms of maximum drawdown, HIPO dropped -97.41% vs SPMO's -30.95%.
SPMO currently has the higher Sharpe Ratio (2.02 vs -0.11), 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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