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IMTM vs. SPVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMTM vs. SPVM

Last updated Aug 2, 2026
Documentation

IMTM (iShares MSCI Intl Momentum Factor ETF) and SPVM (Invesco S&P 500 Value with Momentum ETF) are both Momentum funds - IMTM tracks the MSCI World ex USA Momentum Index while SPVM tracks the S&P 500 High Momentum Value Index. Both are passively managed. Over the past 10 years, IMTM returned 9.68%/yr vs 12.30%/yr for SPVM. Their 0.56 correlation means they have sometimes moved together and sometimes differently. IMTM charges 0.30%/yr vs 0.39%/yr for SPVM.

Performance

IMTM vs. SPVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Intl Momentum Factor ETF (IMTM) and Invesco S&P 500 Value with Momentum ETF (SPVM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IMTM achieves a 9.97% return, which is significantly lower than SPVM's 15.18% return. Over the past 10 years, IMTM has underperformed SPVM with an annualized return of 9.68%, while SPVM has yielded a comparatively higher 12.30% annualized return.

IMTM

1D
-0.21%
1M
-0.69%
6M
4.07%
YTD
9.97%
1Y
22.34%
3Y*
19.82%
5Y*
9.20%
10Y*
9.68%
ALL TIME*
8.71%

SPVM

1D
-0.22%
1M
2.32%
6M
11.82%
YTD
15.18%
1Y
30.48%
3Y*
18.09%
5Y*
12.07%
10Y*
12.30%
ALL TIME*
12.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IMTM

iShares MSCI Intl Momentum Factor ETF
$21.09M$19.87M$23.17M

SPVM

Invesco S&P 500 Value with Momentum ETF
$1.04M$1.14M$1.20M

IMTM vs. SPVM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IMTM
iShares MSCI Intl Momentum Factor ETF		9.97%34.50%12.17%13.89%-16.81%3.50%22.17%24.52%-14.31%25.46%
SPVM
Invesco S&P 500 Value with Momentum ETF		15.18%20.47%15.64%5.53%-2.10%28.86%-3.18%29.33%-9.17%14.70%

Correlation

The correlation between IMTM and SPVM is 0.41, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.41

Correlation (3Y)
Balances recent behavior with more history.

0.51

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.63

Correlation (10Y)
Provides a long-term view across more market conditions.

0.59

Correlation (All Time)
Calculated using the full available price history since Jan 26, 2015

0.56

The correlation between IMTM and SPVM shifts across timeframes, from 0.41 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.

IMTM vs. SPVM - Sectors Allocation Comparison

Sectors
IMTM
SPVM

Financial Services

29.5%
36.8%

Technology

18.1%
6.2%

Industrials

14.6%
9.4%

Energy

9.0%
11.8%

Healthcare

8.9%
8.6%

Basic Materials

8.4%
3.5%

Utilities

5.4%
13.4%

Consumer Defensive

2.1%
4.7%

Consumer Cyclical

1.7%
3.7%

Communication Services

1.4%
2.7%

Real Estate

1.0%
2.1%

Financial Services

IMTM
29.5%
SPVM
36.8%

Technology

IMTM
18.1%
SPVM
6.2%

Industrials

IMTM
14.6%
SPVM
9.4%

Energy

IMTM
9.0%
SPVM
11.8%

Healthcare

IMTM
8.9%
SPVM
8.6%

Basic Materials

IMTM
8.4%
SPVM
3.5%

Utilities

IMTM
5.4%
SPVM
13.4%

Consumer Defensive

IMTM
2.1%
SPVM
4.7%

Consumer Cyclical

IMTM
1.7%
SPVM
3.7%

Communication Services

IMTM
1.4%
SPVM
2.7%

Real Estate

IMTM
1.0%
SPVM
2.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Intl Momentum Factor ETF

Invesco S&P 500 Value with Momentum ETF

Often compared with IMTM:
IMTM vs. SPMOIMTM vs. IMOMIMTM vs. IDMOIMTM vs. VXUSIMTM vs. IWFM.LIMTM vs. IWMO.MIIMTM vs. VT
Often compared with SPVM:
SPVM vs. SPMOSPVM vs. SPYSPVM vs. SCHDSPVM vs. VOOSPVM vs. MTUMSPVM vs. FMTMSPVM vs. VTV

Return for Risk

IMTM vs. SPVM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IMTM
IMTM Risk / Return Rank: 4949
Overall Rank
IMTM Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
IMTM Sortino Ratio Rank: 4949
Sortino Ratio Rank
IMTM Omega Ratio Rank: 4747
Omega Ratio Rank
IMTM Calmar Ratio Rank: 4848
Calmar Ratio Rank
IMTM Martin Ratio Rank: 5454
Martin Ratio Rank
SPVM
SPVM Risk / Return Rank: 9393
Overall Rank
SPVM Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
SPVM Sortino Ratio Rank: 9494
Sortino Ratio Rank
SPVM Omega Ratio Rank: 9292
Omega Ratio Rank
SPVM Calmar Ratio Rank: 9393
Calmar Ratio Rank
SPVM Martin Ratio Rank: 9393
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IMTM vs. SPVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Momentum Factor ETF (IMTM) and Invesco S&P 500 Value with Momentum ETF (SPVM). 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.

IMTMSPVMDifference
Sharpe ratioReturn per unit of total volatility
1.16
2.58

-1.41

Sortino ratioReturn per unit of downside risk
1.74
3.73

-1.99

Omega ratioGain probability vs. loss probability

1.22

1.45

-0.23

Calmar ratioReturn relative to maximum drawdown

1.73

4.47

-2.74

Martin ratioReturn relative to average drawdown

6.39

17.23

-10.84

IMTM vs. SPVM - Sharpe Ratio Comparison

The current IMTM Sharpe Ratio is 1.16, which is lower than the SPVM Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of IMTM and SPVM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IMTM vs. SPVM - Drawdown Comparison

The maximum IMTM drawdown since its inception was -32.66%, smaller than the maximum SPVM drawdown of -45.35%. Use the drawdown chart below to compare losses from any high point for IMTM and SPVM.

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Drawdown Indicators

IMTMSPVMDifference

Max Drawdown

Largest peak-to-trough decline

-32.66%

-45.35%

+12.69%

Max Drawdown (1Y)

Largest decline over 1 year

-12.85%

-6.57%

-6.28%

Max Drawdown (3Y)

Largest decline over 3 years

-12.85%

-18.66%

+5.81%

Max Drawdown (5Y)

Largest decline over 5 years

-32.66%

-19.48%

-13.18%

Max Drawdown (10Y)

Largest decline over 10 years

-32.66%

-45.35%

+12.69%

Current Drawdown

Current decline from peak

-4.03%

-1.34%

-2.69%

Average Drawdown

Average peak-to-trough decline

-7.38%

-4.94%

-2.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.47%

1.70%

+1.77%

Volatility

IMTM vs. SPVM - Volatility Comparison

iShares MSCI Intl Momentum Factor ETF (IMTM) has a higher volatility of 6.44% compared to Invesco S&P 500 Value with Momentum ETF (SPVM) at 3.18%. This indicates that IMTM's price experiences larger fluctuations and is considered to be riskier than SPVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IMTMSPVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.44%

3.18%

+3.26%

Volatility (6M)

Calculated over the trailing 6-month period

17.36%

7.72%

+9.64%

Volatility (1Y)

Calculated over the trailing 1-year period

19.10%

11.40%

+7.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.95%

16.57%

+1.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.70%

19.51%

-1.81%

IMTM vs. SPVM - Expense Ratio Comparison

IMTM has a 0.30% expense ratio, which is lower than SPVM's 0.39% expense ratio.

Dividends

IMTM vs. SPVM - Dividend Comparison

IMTM's dividend yield for the trailing twelve months is around 4.45%, more than SPVM's 1.92% yield.

PositionTTM20252024202320222021202020192018201720162015
IMTM
iShares MSCI Intl Momentum Factor ETF		4.45%4.70%2.93%2.29%2.68%2.51%0.97%2.13%2.36%1.92%2.75%1.56%
SPVM
Invesco S&P 500 Value with Momentum ETF		1.92%2.02%1.91%2.45%2.33%1.41%2.11%2.40%3.10%1.68%2.80%2.67%

Frequently Asked Questions

IMTM and SPVM have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IMTM has higher volatility (6.44%) compared to SPVM (3.18%). In terms of maximum drawdown, IMTM dropped -32.66% vs SPVM's -45.35%.

On 10-year performance, SPVM leads with 12.30% vs 9.68% for IMTM. On fees, IMTM is cheaper at 0.30% per year. On volatility, SPVM has been the lower-risk option at 3.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SPVM has performed better with a 12.30% return vs 9.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IMTM is cheaper with a 0.30% expense ratio, compared with 0.39% for SPVM.

IMTM has the higher dividend yield at 4.45%, compared with 1.92% for SPVM.

IMTM tracks MSCI World ex USA Momentum Index, while SPVM tracks S&P 500 High Momentum Value Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.30% for IMTM and 0.39% for SPVM.

SPVM currently has the higher Sharpe Ratio (2.58 vs 1.16), 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.

Portfolio Optimizer

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