ITDB vs. SPMO
ITDB (Ishares Lifepath Target Date 2030 ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - ITDB is a Target Retirement Date fund actively managed by iShares, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. ITDB is actively managed, while SPMO is passively managed. Over the past year, ITDB returned 14.73% vs 43.55% for SPMO. A 0.74 correlation means they provide meaningful diversification when combined. ITDB charges 0.09%/yr vs 0.13%/yr for SPMO.
Performance
ITDB vs. SPMO - Performance Comparison
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Returns By Period
In the year-to-date period, ITDB achieves a 5.52% return, which is significantly lower than SPMO's 29.91% return.
ITDB
- 1D
- -0.83%
- 1M
- 0.12%
- YTD
- 5.52%
- 6M
- 5.24%
- 1Y
- 14.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPMO
- 1D
- -4.53%
- 1M
- 6.65%
- YTD
- 29.91%
- 6M
- 28.13%
- 1Y
- 43.55%
- 3Y*
- 42.47%
- 5Y*
- 22.89%
- 10Y*
- 21.03%
ITDB vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ITDB Ishares Lifepath Target Date 2030 ETF | 5.52% | 14.58% | 9.65% | 11.73% |
SPMO Invesco S&P 500 Momentum ETF | 29.91% | 26.58% | 45.82% | 13.53% |
Correlation
The correlation between ITDB and SPMO is 0.74, 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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.74 |
The correlation between ITDB and SPMO has been stable across timeframes, ranging from 0.74 to 0.74 - a consistent structural relationship.
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Return for Risk
ITDB vs. SPMO — Risk / Return Rank
ITDB
SPMO
ITDB vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Target Date 2030 ETF (ITDB) 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.
| ITDB | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.39 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 3.45 | -0.83 |
| Martin ratioReturn relative to average drawdown | 11.28 | 12.97 | -1.69 |
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Drawdowns
ITDB vs. SPMO - Drawdown Comparison
The maximum ITDB drawdown since its inception was -8.41%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for ITDB and SPMO.
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Drawdown Indicators
| ITDB | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.41% | -30.95% | +22.54% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -12.70% | +7.04% |
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 | -1.22% | -4.53% | +3.31% |
Average DrawdownAverage peak-to-trough decline | -0.94% | -4.59% | +3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 3.37% | -2.06% |
Volatility
ITDB vs. SPMO - Volatility Comparison
The current volatility for Ishares Lifepath Target Date 2030 ETF (ITDB) is 2.92%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 11.75%. This indicates that ITDB 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
| ITDB | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 11.75% | -8.83% |
Volatility (6M)Calculated over the trailing 6-month period | 6.40% | 17.78% | -11.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.62% | 20.55% | -12.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.68% | 19.88% | -11.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.68% | 20.60% | -11.92% |
ITDB vs. SPMO - Expense Ratio Comparison
ITDB has a 0.09% expense ratio, which is lower than SPMO's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ITDB vs. SPMO - Dividend Comparison
ITDB's dividend yield for the trailing twelve months is around 1.94%, more than SPMO's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITDB Ishares Lifepath Target Date 2030 ETF | 1.94% | 2.05% | 1.96% | 0.62% | 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
ITDB and SPMO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (11.75%) compared to ITDB (2.92%). In terms of maximum drawdown, ITDB dropped -8.41% vs SPMO's -30.95%.
On 1-year performance, SPMO leads with 43.55% vs 14.73% for ITDB. On fees, ITDB is cheaper at 0.09% per year. On volatility, ITDB has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPMO has performed better with a 43.55% return vs 14.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITDB is cheaper with a 0.09% expense ratio, compared with 0.13% for SPMO.
ITDB has the higher dividend yield at 1.94%, compared with 0.68% for SPMO.
ITDB is categorized as Target Retirement Date, while SPMO is Momentum. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.09% for ITDB and 0.13% for SPMO.
SPMO currently has the higher Sharpe Ratio (2.13 vs 1.95), 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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