IMVP vs. SPMO
IMVP (Invesco India ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - IMVP is a Emerging Markets Equities fund tracking the FTSE India Quality and Yield Select Index, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 10 years, IMVP returned 8.19%/yr vs 20.95%/yr for SPMO. At a 0.40 correlation, their price movements are largely independent. IMVP charges 0.78%/yr vs 0.13%/yr for SPMO.
Performance
IMVP vs. SPMO - Performance Comparison
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Returns By Period
In the year-to-date period, IMVP achieves a -16.08% return, which is significantly lower than SPMO's 30.35% return. Over the past 10 years, IMVP has underperformed SPMO with an annualized return of 8.19%, while SPMO has yielded a comparatively higher 20.95% annualized return.
IMVP
- 1D
- -2.11%
- 1M
- -2.53%
- YTD
- -16.08%
- 6M
- -14.80%
- 1Y
- -16.87%
- 3Y*
- 2.95%
- 5Y*
- 2.42%
- 10Y*
- 8.19%
SPMO
- 1D
- 0.50%
- 1M
- 15.36%
- YTD
- 30.35%
- 6M
- 30.51%
- 1Y
- 46.00%
- 3Y*
- 43.04%
- 5Y*
- 24.29%
- 10Y*
- 20.95%
IMVP vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | -16.08% | 1.30% | 9.07% | 22.82% | -9.35% | 23.68% | 18.41% | 14.26% | -7.55% | 38.51% |
SPMO Invesco S&P 500 Momentum ETF | 30.35% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Correlation
The correlation between IMVP and SPMO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2015 | 0.40 |
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Return for Risk
IMVP vs. SPMO — Risk / Return Rank
IMVP
SPMO
IMVP vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (IMVP) 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.
| IMVP | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.67 | ||
| Sortino ratioReturn per unit of downside risk | -5.00 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.47 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 3.64 | -4.43 |
| Martin ratioReturn relative to average drawdown | -1.84 | 14.17 | -16.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IMVP | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | 2.62 | -3.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 1.27 | -1.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 1.03 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 1.01 | -0.90 |
Drawdowns
IMVP vs. SPMO - Drawdown Comparison
The maximum IMVP drawdown since its inception was -64.54%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for IMVP and SPMO.
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Drawdown Indicators
| IMVP | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.54% | -30.95% | -33.59% |
Max Drawdown (1Y)Largest decline over 1 year | -21.44% | -12.70% | -8.74% |
Max Drawdown (3Y)Largest decline over 3 years | -25.80% | -20.13% | -5.67% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -22.74% | -3.06% |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | -30.95% | -8.74% |
Current DrawdownCurrent decline from peak | -23.71% | 0.00% | -23.71% |
Average DrawdownAverage peak-to-trough decline | -16.70% | -4.60% | -12.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.16% | 3.26% | +5.90% |
Volatility
IMVP vs. SPMO - Volatility Comparison
The current volatility for Invesco India ETF (IMVP) is 6.00%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.35%. This indicates that IMVP 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
| IMVP | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 7.35% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 14.39% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.17% | 17.64% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 19.30% | -3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 20.31% | -0.72% |
IMVP vs. SPMO - Expense Ratio Comparison
IMVP has a 0.78% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Dividends
IMVP vs. SPMO - Dividend Comparison
IMVP's dividend yield for the trailing twelve months is around 8.81%, more than SPMO's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | 8.81% | 7.39% | 8.48% | 2.08% | 14.07% | 6.95% | 0.72% | 36.35% | 0.96% | 1.01% | 1.18% | 0.61% |
SPMO Invesco S&P 500 Momentum ETF | 0.65% | 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
IMVP and SPMO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (7.35%) compared to IMVP (6.00%). In terms of maximum drawdown, IMVP dropped -64.54% vs SPMO's -30.95%.
On 10-year performance, SPMO leads with 20.95% vs 8.19% for IMVP. On fees, SPMO is cheaper at 0.13% per year. On volatility, IMVP has been the lower-risk option at 6.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPMO has performed better with a 20.95% return vs 8.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMO is cheaper with a 0.13% expense ratio, compared with 0.78% for IMVP.
IMVP has the higher dividend yield at 8.81%, compared with 0.65% for SPMO.
IMVP is categorized as Emerging Markets Equities, while SPMO is Momentum. IMVP tracks FTSE India Quality and Yield Select Index, while SPMO tracks S&P 500 Momentum Index. Their fees differ too: 0.78% for IMVP and 0.13% for SPMO.
SPMO currently has the higher Sharpe Ratio (2.62 vs -1.05), 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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