IVES vs. SPMO

Last updated Aug 2, 2026

IVES (Dan IVES Wedbush AI Revolution ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - IVES is a Artificial Intelligence fund tracking the Solactive Wedbush Artificial Intelligence Index, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past year, IVES returned 33.09% vs 28.09% for SPMO. Their 0.76 correlation means they have sometimes moved together and sometimes differently. IVES charges 0.75%/yr vs 0.13%/yr for SPMO.

Performance

IVES vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dan IVES Wedbush AI Revolution ETF (IVES) 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, IVES achieves a 14.01% return, which is significantly lower than SPMO's 21.07% return.

IVES

• 1D: 0.98%
• 1M: -3.33%
• 6M: 11.86%
• YTD: 14.01%
• 1Y: 33.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 35.99%

SPMO

• 1D: 0.29%
• 1M: -4.64%
• 6M: 20.51%
• YTD: 21.07%
• 1Y: 28.09%
• 3Y*: 37.36%
• 5Y*: 20.21%
• 10Y*: 19.57%
• ALL TIME*: 18.93%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IVES Dan IVES Wedbush AI Revolution ETF	$10.98M	$16.97M	$21.59M
SPMO Invesco S&P 500 Momentum ETF	$331.54M	$346.70M	$350.59M

IVES vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025
IVES Dan IVES Wedbush AI Revolution ETF	14.01%	25.11%
SPMO Invesco S&P 500 Momentum ETF	21.07%	12.01%

Correlation

The correlation between IVES and SPMO is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.76

The correlation between IVES and SPMO has been stable across timeframes, ranging from 0.76 to 0.76 - a consistent structural relationship.

IVES vs. SPMO - Sectors Allocation Comparison

Sectors	IVES	SPMO
Technology	71.4%	53.7%
Communication Services	11.9%	7.4%
Consumer Cyclical	9.4%	1.2%
Industrials	4.4%	11.2%
Financial Services	1.4%	6.0%
Utilities	1.4%	2.7%
Basic Materials	-	1.9%
Consumer Defensive	-	4.2%
Energy	-	3.3%
Healthcare	-	6.9%
Real Estate	-	1.1%

Return for Risk

IVES vs. SPMO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IVES

IVES Risk / Return Rank: 38
IVES Sharpe Ratio Rank: 41
IVES Sortino Ratio Rank: 41
IVES Omega Ratio Rank: 39
IVES Calmar Ratio Rank: 37
IVES Martin Ratio Rank: 33

SPMO

SPMO Risk / Return Rank: 46
SPMO Sharpe Ratio Rank: 43
SPMO Sortino Ratio Rank: 43
SPMO Omega Ratio Rank: 45
SPMO Calmar Ratio Rank: 46
SPMO Martin Ratio Rank: 51

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.

IVES vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Revolution ETF (IVES) 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.

	IVES	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	1.03	1.07	-0.04
Sortino ratio: Return per unit of downside risk	1.51	1.56	-0.05
Omega ratio: Gain probability vs. loss probability	1.18	1.21	-0.02
Calmar ratio: Return relative to maximum drawdown	1.28	1.63	-0.35
Martin ratio: Return relative to average drawdown	3.13	5.93	-2.81

IVES vs. SPMO - Sharpe Ratio Comparison

The current IVES Sharpe Ratio is 1.03, which is comparable to the SPMO Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of IVES 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.

Drawdowns

IVES vs. SPMO - Drawdown Comparison

The maximum IVES drawdown since its inception was -22.64%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for IVES and SPMO.

Drawdown Indicators

	IVES	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-22.64%	-30.95%	+8.31%
Max Drawdown (1Y) Largest decline over 1 year	-22.64%	-15.64%	-7.00%
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 Drawdown Current decline from peak	-13.64%	-11.03%	-2.61%
Average Drawdown Average peak-to-trough decline	-6.41%	-4.62%	-1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.21%	4.29%	+4.92%

Volatility

IVES vs. SPMO - Volatility Comparison

The current volatility for Dan IVES Wedbush AI Revolution ETF (IVES) is 8.20%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 10.53%. This indicates that IVES 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.

Volatility by Period

	IVES	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.20%	10.53%	-2.33%
Volatility (6M) Calculated over the trailing 6-month period	22.33%	21.52%	+0.81%
Volatility (1Y) Calculated over the trailing 1-year period	28.08%	23.90%	+4.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.81%	20.60%	+6.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.81%	20.92%	+5.89%

IVES vs. SPMO - Expense Ratio Comparison

IVES has a 0.75% expense ratio, which is higher than SPMO's 0.13% expense ratio.

Dividends

IVES vs. SPMO - Dividend Comparison

IVES's dividend yield for the trailing twelve months is around 0.36%, less than SPMO's 0.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVES Dan IVES Wedbush AI Revolution ETF	0.36%	0.41%	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	0.73%	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 IVES and SPMO in my portfolio?

IVES and SPMO have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVES or SPMO?

SPMO has higher volatility (10.53%) compared to IVES (8.20%). In terms of maximum drawdown, IVES dropped -22.64% vs SPMO's -30.95%.

Which ETF is better, IVES or SPMO?

On 1-year performance, IVES leads with 33.09% vs 28.09% for SPMO. On fees, SPMO is cheaper at 0.13% per year. On volatility, IVES has been the lower-risk option at 8.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVES or SPMO?

Over the 1-year period, IVES has performed better with a 33.09% return vs 28.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVES or SPMO?

SPMO is cheaper with a 0.13% expense ratio, compared with 0.75% for IVES.

Which ETF pays a higher dividend yield, IVES or SPMO?

SPMO has the higher dividend yield at 0.73%, compared with 0.36% for IVES.

What is the main difference between IVES and SPMO?

IVES is categorized as Artificial Intelligence, while SPMO is Momentum. IVES tracks Solactive Wedbush Artificial Intelligence Index, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: Wedbush and Invesco. Their fees differ too: 0.75% for IVES and 0.13% for SPMO.

Which has better risk-adjusted returns?

SPMO currently has the higher Sharpe Ratio (1.07 vs 1.03), 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.