LCUA.DE vs. SPMO

Last updated Jun 26, 2026

LCUA.DE (Amundi MSCI Emerging Asia II UCITS ETF Acc) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - LCUA.DE is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Asia, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 5 years, LCUA.DE returned 8.90%/yr vs 24.96%/yr for SPMO. At a 0.37 correlation, their price movements are largely independent. LCUA.DE charges 0.12%/yr vs 0.13%/yr for SPMO.

Performance

LCUA.DE vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi MSCI Emerging Asia II UCITS ETF Acc (LCUA.DE) and Invesco S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LCUA.DE is traded in EUR, while SPMO is traded in USD. To make them comparable, the SPMO values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, LCUA.DE achieves a 34.02% return, which is significantly lower than SPMO's 38.88% return.

LCUA.DE

• 1D: 0.69%
• 1M: 3.43%
• YTD: 34.02%
• 6M: 36.11%
• 1Y: 52.75%
• 3Y*: 24.15%
• 5Y*: 8.90%
• 10Y*: —

SPMO

• 1D: 3.73%
• 1M: 9.22%
• YTD: 38.88%
• 6M: 36.81%
• 1Y: 50.15%
• 3Y*: 41.97%
• 5Y*: 24.96%
• 10Y*: 21.07%

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

LCUA.DE vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LCUA.DE Amundi MSCI Emerging Asia II UCITS ETF Acc	34.02%	18.10%	18.44%	3.32%	-14.89%	1.92%	15.54%	22.25%	-10.88%
SPMO Invesco S&P 500 Momentum ETF	38.88%	11.56%	55.44%	14.03%	-4.90%	31.82%	17.68%	28.77%	2.77%

Correlation

The correlation between LCUA.DE and SPMO is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Mar 27, 2018	0.37

The correlation between LCUA.DE and SPMO shifts across timeframes, from 0.33 (5 years) to 0.55 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LCUA.DE vs. SPMO — Risk / Return Rank

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

LCUA.DE

LCUA.DE Risk / Return Rank: 84
LCUA.DE Sharpe Ratio Rank: 86
LCUA.DE Sortino Ratio Rank: 80
LCUA.DE Omega Ratio Rank: 84
LCUA.DE Calmar Ratio Rank: 86
LCUA.DE Martin Ratio Rank: 84

SPMO

SPMO Risk / Return Rank: 80
SPMO Sharpe Ratio Rank: 81
SPMO Sortino Ratio Rank: 77
SPMO Omega Ratio Rank: 80
SPMO Calmar Ratio Rank: 80
SPMO Martin Ratio Rank: 81

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.

LCUA.DE vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging Asia II UCITS ETF Acc (LCUA.DE) 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.

	LCUA.DE	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.46	-0.02
Sortino ratio: Return per unit of downside risk	3.15	3.11	+0.04
Omega ratio: Gain probability vs. loss probability	1.44	1.44	0.00
Calmar ratio: Return relative to maximum drawdown	4.33	4.33	0.00
Martin ratio: Return relative to average drawdown	15.01	13.79	+1.21

LCUA.DE vs. SPMO - Sharpe Ratio Comparison

The current LCUA.DE Sharpe Ratio is 2.43, which is comparable to the SPMO Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of LCUA.DE 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

LCUA.DE vs. SPMO - Drawdown Comparison

The maximum LCUA.DE drawdown since its inception was -33.14%, roughly equal to the maximum SPMO drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for LCUA.DE and SPMO.

Drawdown Indicators

	LCUA.DE	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-33.14%	-32.02%	-1.12%
Max Drawdown (1Y) Largest decline over 1 year	-12.12%	-11.63%	-0.49%
Max Drawdown (3Y) Largest decline over 3 years	-21.07%	-25.02%	+3.95%
Max Drawdown (5Y) Largest decline over 5 years	-28.48%	-25.02%	-3.46%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.02%	—
Current Drawdown Current decline from peak	-4.43%	-0.73%	-3.70%
Average Drawdown Average peak-to-trough decline	-11.95%	-4.50%	-7.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	3.65%	-0.15%

Volatility

LCUA.DE vs. SPMO - Volatility Comparison

The current volatility for Amundi MSCI Emerging Asia II UCITS ETF Acc (LCUA.DE) is 9.97%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 11.32%. This indicates that LCUA.DE 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

	LCUA.DE	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.97%	11.32%	-1.35%
Volatility (6M) Calculated over the trailing 6-month period	18.99%	17.04%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	21.56%	20.51%	+1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.89%	20.04%	-1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.66%	21.14%	-1.48%

LCUA.DE vs. SPMO - Expense Ratio Comparison

LCUA.DE has a 0.12% 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

LCUA.DE vs. SPMO - Dividend Comparison

LCUA.DE has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.66%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LCUA.DE Amundi MSCI Emerging Asia II UCITS ETF Acc	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	0.66%	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 LCUA.DE and SPMO in my portfolio?

LCUA.DE and SPMO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LCUA.DE or SPMO?

On fees, LCUA.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LCUA.DE or SPMO?

LCUA.DE is cheaper with a 0.12% expense ratio, compared with 0.13% for SPMO.

What is the main difference between LCUA.DE and SPMO?

LCUA.DE is categorized as Asia Pacific Equities, while SPMO is Momentum. LCUA.DE tracks MSCI Emerging Markets Asia, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.12% for LCUA.DE and 0.13% for SPMO.