MASPTOP50.NS vs. SPMO

Last updated Jun 5, 2026

MASPTOP50.NS (Mirae Asset S&P 500 Top 50 ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - MASPTOP50.NS is a S&P 500 fund tracking the S&P 500 Top 50 Total Return Index, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 3 years, MASPTOP50.NS returned 38.41%/yr vs 39.63%/yr for SPMO. At a 0.10 correlation, their price movements are largely independent. MASPTOP50.NS charges 0.65%/yr vs 0.13%/yr for SPMO.

Performance

MASPTOP50.NS vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mirae Asset S&P 500 Top 50 ETF (MASPTOP50.NS) 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, MASPTOP50.NS achieves a 15.36% return, which is significantly lower than SPMO's 21.26% return.

MASPTOP50.NS

• 1D: -0.01%
• 1M: 5.66%
• YTD: 15.36%
• 6M: 14.10%
• 1Y: 52.64%
• 3Y*: 38.41%
• 5Y*: —
• 10Y*: —

SPMO

• 1D: -5.59%
• 1M: 1.90%
• YTD: 21.26%
• 6M: 20.02%
• 1Y: 37.63%
• 3Y*: 39.63%
• 5Y*: 22.50%
• 10Y*: 20.08%

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

MASPTOP50.NS vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MASPTOP50.NS Mirae Asset S&P 500 Top 50 ETF	15.36%	22.47%	65.09%	36.63%	-16.15%	9.02%
SPMO Invesco S&P 500 Momentum ETF	21.26%	26.58%	45.82%	17.56%	-10.45%	2.61%

Correlation

The correlation between MASPTOP50.NS and SPMO is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021	0.10

The correlation between MASPTOP50.NS and SPMO shifts across timeframes, from -0.09 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MASPTOP50.NS vs. SPMO — Risk / Return Rank

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

MASPTOP50.NS

MASPTOP50.NS Risk / Return Rank: 88
MASPTOP50.NS Sharpe Ratio Rank: 88
MASPTOP50.NS Sortino Ratio Rank: 81
MASPTOP50.NS Omega Ratio Rank: 87
MASPTOP50.NS Calmar Ratio Rank: 93
MASPTOP50.NS Martin Ratio Rank: 90

SPMO

SPMO Risk / Return Rank: 61
SPMO Sharpe Ratio Rank: 62
SPMO Sortino Ratio Rank: 57
SPMO Omega Ratio Rank: 63
SPMO Calmar Ratio Rank: 61
SPMO Martin Ratio Rank: 64

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.

MASPTOP50.NS vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mirae Asset S&P 500 Top 50 ETF (MASPTOP50.NS) 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.

	MASPTOP50.NS	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	2.91	2.04	+0.87
Sortino ratio: Return per unit of downside risk	3.57	2.70	+0.87
Omega ratio: Gain probability vs. loss probability	1.53	1.37	+0.16
Calmar ratio: Return relative to maximum drawdown	6.70	2.98	+3.73
Martin ratio: Return relative to average drawdown	20.63	11.48	+9.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MASPTOP50.NS vs. SPMO - Sharpe Ratio Comparison

The current MASPTOP50.NS Sharpe Ratio is 2.91, which is higher than the SPMO Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of MASPTOP50.NS 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.

Sharpe Ratios by Period

	MASPTOP50.NS	SPMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.91	2.04	+0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.16	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	0.97	+0.18

Drawdowns

MASPTOP50.NS vs. SPMO - Drawdown Comparison

The maximum MASPTOP50.NS drawdown since its inception was -29.85%, roughly equal to the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for MASPTOP50.NS and SPMO.

Drawdown Indicators

	MASPTOP50.NS	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-29.85%	-30.95%	+1.10%
Max Drawdown (1Y) Largest decline over 1 year	-7.94%	-12.70%	+4.76%
Max Drawdown (3Y) Largest decline over 3 years	-29.85%	-20.13%	-9.72%
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	-0.48%	-6.97%	+6.49%
Average Drawdown Average peak-to-trough decline	-6.90%	-4.60%	-2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	3.29%	-0.70%

Volatility

MASPTOP50.NS vs. SPMO - Volatility Comparison

The current volatility for Mirae Asset S&P 500 Top 50 ETF (MASPTOP50.NS) is 3.25%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 9.33%. This indicates that MASPTOP50.NS 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

	MASPTOP50.NS	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	9.33%	-6.08%
Volatility (6M) Calculated over the trailing 6-month period	12.93%	15.67%	-2.74%
Volatility (1Y) Calculated over the trailing 1-year period	18.34%	18.61%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.63%	19.46%	+3.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.63%	20.39%	+2.24%

MASPTOP50.NS vs. SPMO - Expense Ratio Comparison

MASPTOP50.NS has a 0.65% expense ratio, which is higher than SPMO's 0.13% expense ratio.

Dividends

MASPTOP50.NS vs. SPMO - Dividend Comparison

MASPTOP50.NS has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.70%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MASPTOP50.NS Mirae Asset S&P 500 Top 50 ETF	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	0.70%	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 MASPTOP50.NS and SPMO in my portfolio?

MASPTOP50.NS and SPMO have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MASPTOP50.NS or SPMO?

On fees, SPMO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MASPTOP50.NS or SPMO?

SPMO is cheaper with a 0.13% expense ratio, compared with 0.65% for MASPTOP50.NS.

What is the main difference between MASPTOP50.NS and SPMO?

MASPTOP50.NS is categorized as S&P 500, while SPMO is Momentum. MASPTOP50.NS tracks S&P 500 Top 50 Total Return Index, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: Mirae Asset and Invesco. Their fees differ too: 0.65% for MASPTOP50.NS and 0.13% for SPMO.