LEU vs. SPMO

Last updated Jul 25, 2026

LEU (Centrus Energy Corp.) is a stock, while SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index. Over the past 10 years, LEU returned 47.91%/yr vs 19.79%/yr for SPMO. At a 0.28 correlation, their price movements are largely independent.

Performance

LEU vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Centrus Energy Corp. (LEU) 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, LEU achieves a -32.49% return, which is significantly lower than SPMO's 23.32% return. Over the past 10 years, LEU has outperformed SPMO with an annualized return of 47.91%, while SPMO has yielded a comparatively lower 19.79% annualized return.

LEU

• 1D: -4.03%
• 1M: -4.23%
• 6M: -44.67%
• YTD: -32.49%
• 1Y: -32.37%
• 3Y*: 67.27%
• 5Y*: 47.04%
• 10Y*: 47.91%
• ALL TIME*: -8.80%

SPMO

• 1D: -2.22%
• 1M: -4.73%
• 6M: 24.79%
• YTD: 23.32%
• 1Y: 29.21%
• 3Y*: 38.09%
• 5Y*: 20.44%
• 10Y*: 19.79%
• ALL TIME*: 19.17%

*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)
LEU Centrus Energy Corp.	$156.44M	$139.30M	$160.04M
SPMO Invesco S&P 500 Momentum ETF	$324.89M	$353.39M	$337.35M

LEU vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LEU Centrus Energy Corp.	-32.49%	264.45%	22.42%	67.52%	-34.92%	115.78%	236.19%	307.10%	-57.86%	-37.15%
SPMO Invesco S&P 500 Momentum ETF	23.32%	26.58%	45.82%	17.56%	-10.45%	22.64%	28.25%	25.93%	-0.92%	27.76%

Correlation

The correlation between LEU 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	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015	0.28

Over the past year, LEU and SPMO have become more correlated (0.55) than their long-term average of 0.28, meaning their price movements have been converging.

Return for Risk

LEU vs. SPMO — Risk / Return Rank

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

LEU

LEU Risk / Return Rank: 33
LEU Sharpe Ratio Rank: 31
LEU Sortino Ratio Rank: 36
LEU Omega Ratio Rank: 36
LEU Calmar Ratio Rank: 29
LEU Martin Ratio Rank: 33

SPMO

SPMO Risk / Return Rank: 58
SPMO Sharpe Ratio Rank: 54
SPMO Sortino Ratio Rank: 51
SPMO Omega Ratio Rank: 55
SPMO Calmar Ratio Rank: 66
SPMO Martin Ratio Rank: 62

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.

LEU vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Centrus Energy Corp. (LEU) 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.

	LEU	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	-0.36	1.28	-1.64
Sortino ratio: Return per unit of downside risk	0.04	1.80	-1.76
Omega ratio: Gain probability vs. loss probability	1.00	1.24	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.49	2.31	-2.80
Martin ratio: Return relative to average drawdown	-0.74	7.48	-8.22

LEU vs. SPMO - Sharpe Ratio Comparison

The current LEU Sharpe Ratio is -0.36, which is lower than the SPMO Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of LEU 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

LEU vs. SPMO - Drawdown Comparison

The maximum LEU drawdown since its inception was -99.98%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for LEU and SPMO.

Drawdown Indicators

	LEU	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-99.98%	-30.95%	-69.03%
Max Drawdown (1Y) Largest decline over 1 year	-66.37%	-12.70%	-53.67%
Max Drawdown (3Y) Largest decline over 3 years	-66.37%	-20.13%	-46.24%
Max Drawdown (5Y) Largest decline over 5 years	-78.23%	-22.74%	-55.49%
Max Drawdown (10Y) Largest decline over 10 years	-83.84%	-30.95%	-52.89%
Current Drawdown Current decline from peak	-97.58%	-9.37%	-88.21%
Average Drawdown Average peak-to-trough decline	-74.07%	-4.60%	-69.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.56%	3.92%	+39.64%

Volatility

LEU vs. SPMO - Volatility Comparison

Centrus Energy Corp. (LEU) has a higher volatility of 20.92% compared to Invesco S&P 500 Momentum ETF (SPMO) at 10.98%. This indicates that LEU's price experiences larger fluctuations and is considered to be riskier than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEU	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.92%	10.98%	+9.94%
Volatility (6M) Calculated over the trailing 6-month period	64.35%	20.46%	+43.89%
Volatility (1Y) Calculated over the trailing 1-year period	91.29%	22.93%	+68.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.96%	20.39%	+66.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.49%	20.81%	+61.68%

Dividends

LEU vs. SPMO - Dividend Comparison

LEU has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.72%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LEU Centrus Energy Corp.	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	0.72%	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 LEU and SPMO in my portfolio?

LEU 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 is riskier, LEU or SPMO?

LEU has higher volatility (20.92%) compared to SPMO (10.98%). In terms of maximum drawdown, LEU dropped -99.98% vs SPMO's -30.95%.

Which has better risk-adjusted returns?

SPMO currently has the higher Sharpe Ratio (1.28 vs -0.36), 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.