MASPTOP50.NS vs. SPMO

Last updated Aug 1, 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 31.80%/yr vs 37.36%/yr for SPMO. Their 0.09 correlation means their historical movements had little consistent relationship. 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 5.70% return, which is significantly lower than SPMO's 21.07% return.

MASPTOP50.NS

• 1D: -1.92%
• 1M: -2.96%
• 6M: 6.26%
• YTD: 5.70%
• 1Y: 19.52%
• 3Y*: 31.80%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.29%

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)
MASPTOP50.NS Mirae Asset S&P 500 Top 50 ETF	$5.66M	$8.68M	$11.93M
SPMO Invesco S&P 500 Momentum ETF	$331.54M	$346.70M	$350.59M

MASPTOP50.NS vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MASPTOP50.NS Mirae Asset S&P 500 Top 50 ETF	5.70%	22.47%	65.09%	36.63%	-15.84%	7.80%
SPMO Invesco S&P 500 Momentum ETF	21.07%	26.58%	45.82%	17.56%	-10.45%	2.52%

Correlation

The correlation between MASPTOP50.NS and SPMO is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.09
Correlation (3Y) Balances recent behavior with more history.	0.08
Correlation (All Time) Calculated using the full available price history since Sep 27, 2021	0.09

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

Return for Risk

MASPTOP50.NS vs. SPMO — Risk / Return Rank

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

MASPTOP50.NS

MASPTOP50.NS Risk / Return Rank: 52
MASPTOP50.NS Sharpe Ratio Rank: 48
MASPTOP50.NS Sortino Ratio Rank: 45
MASPTOP50.NS Omega Ratio Rank: 48
MASPTOP50.NS Calmar Ratio Rank: 67
MASPTOP50.NS Martin Ratio Rank: 54

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.

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.

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.

	MASPTOP50.NS	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.07	+0.14
Sortino ratio: Return per unit of downside risk	1.67	1.56	+0.11
Omega ratio: Gain probability vs. loss probability	1.22	1.21	+0.02
Calmar ratio: Return relative to maximum drawdown	2.37	1.63	+0.74
Martin ratio: Return relative to average drawdown	6.38	5.93	+0.45

MASPTOP50.NS vs. SPMO - Sharpe Ratio Comparison

The current MASPTOP50.NS Sharpe Ratio is 1.21, which is comparable to the SPMO Sharpe Ratio of 1.07. 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.

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	-8.82%	-15.64%	+6.82%
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	-8.82%	-11.03%	+2.21%
Average Drawdown Average peak-to-trough decline	-6.81%	-4.62%	-2.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	4.29%	-1.06%

Volatility

MASPTOP50.NS vs. SPMO - Volatility Comparison

The current volatility for Mirae Asset S&P 500 Top 50 ETF (MASPTOP50.NS) is 4.06%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 10.53%. 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	4.06%	10.53%	-6.47%
Volatility (6M) Calculated over the trailing 6-month period	13.72%	21.52%	-7.80%
Volatility (1Y) Calculated over the trailing 1-year period	17.53%	23.90%	-6.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.45%	20.60%	+1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.45%	20.92%	+1.53%

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 0.73%.

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%	0.39%	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 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.