IESC vs. SPMO

Last updated Jun 9, 2026

IESC (IES 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 10 years, IESC returned 48.95%/yr vs 20.38%/yr for SPMO. At a 0.37 correlation, their price movements are largely independent.

Performance

IESC vs. SPMO - Performance Comparison

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

Returns By Period

In the year-to-date period, IESC achieves a 88.91% return, which is significantly higher than SPMO's 24.29% return. Over the past 10 years, IESC has outperformed SPMO with an annualized return of 48.95%, while SPMO has yielded a comparatively lower 20.38% annualized return.

IESC

• 1D: 1.97%
• 1M: 10.23%
• YTD: 88.91%
• 6M: 66.06%
• 1Y: 162.49%
• 3Y*: 140.27%
• 5Y*: 69.06%
• 10Y*: 48.95%

SPMO

• 1D: 2.50%
• 1M: 2.83%
• YTD: 24.29%
• 6M: 22.86%
• 1Y: 39.53%
• 3Y*: 40.28%
• 5Y*: 23.06%
• 10Y*: 20.38%

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

IESC vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IESC IES Holdings, Inc.	88.91%	93.58%	153.67%	122.72%	-29.76%	9.99%	79.42%	65.02%	-9.86%	-9.92%
SPMO Invesco S&P 500 Momentum ETF	24.29%	26.58%	45.82%	17.56%	-10.45%	22.64%	28.25%	25.93%	-0.92%	27.76%

Correlation

The correlation between IESC and SPMO is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015	0.37

Over the past year, IESC and SPMO have become more correlated (0.58) than their long-term average of 0.37, meaning their price movements have been converging.

Return for Risk

IESC vs. SPMO — Risk / Return Rank

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

IESC

IESC Risk / Return Rank: 92
IESC Sharpe Ratio Rank: 94
IESC Sortino Ratio Rank: 88
IESC Omega Ratio Rank: 88
IESC Calmar Ratio Rank: 96
IESC Martin Ratio Rank: 96

SPMO

SPMO Risk / Return Rank: 71
SPMO Sharpe Ratio Rank: 73
SPMO Sortino Ratio Rank: 68
SPMO Omega Ratio Rank: 73
SPMO Calmar Ratio Rank: 69
SPMO Martin Ratio Rank: 71

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.

IESC vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IES Holdings, Inc. (IESC) 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.

	IESC	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	2.64	2.13	+0.51
Sortino ratio: Return per unit of downside risk	2.84	2.81	+0.03
Omega ratio: Gain probability vs. loss probability	1.39	1.39	0.00
Calmar ratio: Return relative to maximum drawdown	7.50	3.13	+4.37
Martin ratio: Return relative to average drawdown	21.33	12.02	+9.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IESC vs. SPMO - Sharpe Ratio Comparison

The current IESC Sharpe Ratio is 2.64, which is comparable to the SPMO Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of IESC and SPMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IESC	SPMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	2.13	+0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.29	1.19	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.02	1.00	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.98	-0.92

Drawdowns

IESC vs. SPMO - Drawdown Comparison

The maximum IESC drawdown since its inception was -98.32%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for IESC and SPMO.

Drawdown Indicators

	IESC	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-98.32%	-30.95%	-67.37%
Max Drawdown (1Y) Largest decline over 1 year	-21.80%	-12.70%	-9.10%
Max Drawdown (3Y) Largest decline over 3 years	-49.23%	-20.13%	-29.10%
Max Drawdown (5Y) Largest decline over 5 years	-54.22%	-22.74%	-31.48%
Max Drawdown (10Y) Largest decline over 10 years	-54.28%	-30.95%	-23.33%
Current Drawdown Current decline from peak	-0.97%	-4.65%	+3.68%
Average Drawdown Average peak-to-trough decline	-55.01%	-4.60%	-50.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.66%	3.30%	+4.36%

Volatility

IESC vs. SPMO - Volatility Comparison

IES Holdings, Inc. (IESC) has a higher volatility of 11.77% compared to Invesco S&P 500 Momentum ETF (SPMO) at 9.44%. This indicates that IESC'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

	IESC	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.77%	9.44%	+2.33%
Volatility (6M) Calculated over the trailing 6-month period	49.79%	15.82%	+33.97%
Volatility (1Y) Calculated over the trailing 1-year period	62.06%	18.72%	+43.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.94%	19.50%	+34.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.10%	20.41%	+27.69%

Dividends

IESC vs. SPMO - Dividend Comparison

IESC has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.69%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IESC IES 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	0.69%	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

Can I hold both IESC and SPMO in my portfolio?

IESC and SPMO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IESC or SPMO?

IESC has higher volatility (11.77%) compared to SPMO (9.44%). In terms of maximum drawdown, IESC dropped -98.32% vs SPMO's -30.95%.

Which has better risk-adjusted returns?

IESC currently has the higher Sharpe Ratio (2.64 vs 2.13), 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.