MBCC vs. SPMO

Last updated Jun 3, 2026

MBCC (Monarch Blue Chips Core ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - MBCC is a Large Cap Growth Equities fund tracking the Kingsview Blue Chips Core Index, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 5 years, MBCC returned 8.62%/yr vs 24.29%/yr for SPMO. A 0.79 correlation means they provide meaningful diversification when combined. MBCC charges 1.25%/yr vs 0.13%/yr for SPMO.

Performance

MBCC vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monarch Blue Chips Core ETF (MBCC) 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, MBCC achieves a 7.79% return, which is significantly lower than SPMO's 30.35% return.

MBCC

• 1D: -0.58%
• 1M: 5.13%
• YTD: 7.79%
• 6M: 8.84%
• 1Y: 13.32%
• 3Y*: 15.49%
• 5Y*: 8.62%
• 10Y*: —

SPMO

• 1D: 0.50%
• 1M: 15.36%
• YTD: 30.35%
• 6M: 30.51%
• 1Y: 46.00%
• 3Y*: 43.04%
• 5Y*: 24.29%
• 10Y*: 20.95%

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

MBCC vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MBCC Monarch Blue Chips Core ETF	7.79%	7.43%	18.91%	22.34%	-20.29%	21.08%
SPMO Invesco S&P 500 Momentum ETF	30.35%	26.58%	45.82%	17.56%	-10.45%	25.98%

Correlation

The correlation between MBCC and SPMO is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Mar 25, 2021	0.79

The correlation between MBCC and SPMO shifts across timeframes, from 0.63 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

MBCC vs. SPMO - Sectors Allocation Comparison

Sectors	MBCC	SPMO
Technology	38.7%	52.6%
Healthcare	14.4%	6.7%
Financial Services	12.1%	5.9%
Consumer Cyclical	11.5%	1.3%
Real Estate	7.9%	1.0%
Communication Services	7.8%	9.2%
Consumer Defensive	4.2%	4.3%
Industrials	3.4%	11.3%
Basic Materials	-	1.6%
Energy	-	3.4%
Utilities	-	2.8%

Return for Risk

MBCC vs. SPMO — Risk / Return Rank

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

MBCC

MBCC Risk / Return Rank: 30
MBCC Sharpe Ratio Rank: 31
MBCC Sortino Ratio Rank: 31
MBCC Omega Ratio Rank: 29
MBCC Calmar Ratio Rank: 26
MBCC Martin Ratio Rank: 33

SPMO

SPMO Risk / Return Rank: 75
SPMO Sharpe Ratio Rank: 79
SPMO Sortino Ratio Rank: 77
SPMO Omega Ratio Rank: 77
SPMO Calmar Ratio Rank: 71
SPMO Martin Ratio Rank: 73

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.

MBCC vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch Blue Chips Core ETF (MBCC) 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.

	MBCC	SPMO	Difference
Sharpe ratio Return per unit of total volatility	1.11	2.62	-1.51
Sortino ratio Return per unit of downside risk	1.64	3.54	-1.90
Omega ratio Gain probability vs. loss probability	1.20	1.47	-0.27
Calmar ratio Return relative to maximum drawdown	1.26	3.64	-2.38
Martin ratio Return relative to average drawdown	5.04	14.17	-9.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MBCC vs. SPMO - Sharpe Ratio Comparison

The current MBCC Sharpe Ratio is 1.11, which is lower than the SPMO Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of MBCC 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

	MBCC	SPMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	2.62	-1.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	1.27	-0.76
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	1.01	-0.44

Drawdowns

MBCC vs. SPMO - Drawdown Comparison

The maximum MBCC drawdown since its inception was -30.62%, roughly equal to the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for MBCC and SPMO.

Drawdown Indicators

	MBCC	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-30.62%	-30.95%	+0.33%
Max Drawdown (1Y) Largest decline over 1 year	-10.76%	-12.70%	+1.94%
Max Drawdown (3Y) Largest decline over 3 years	-18.59%	-20.13%	+1.54%
Max Drawdown (5Y) Largest decline over 5 years	-30.62%	-22.74%	-7.88%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.95%	—
Current Drawdown Current decline from peak	-0.95%	0.00%	-0.95%
Average Drawdown Average peak-to-trough decline	-7.94%	-4.60%	-3.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	3.26%	-0.56%

Volatility

MBCC vs. SPMO - Volatility Comparison

The current volatility for Monarch Blue Chips Core ETF (MBCC) is 3.65%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.35%. This indicates that MBCC 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

	MBCC	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	7.35%	-3.70%
Volatility (6M) Calculated over the trailing 6-month period	9.69%	14.39%	-4.70%
Volatility (1Y) Calculated over the trailing 1-year period	12.01%	17.64%	-5.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.20%	19.30%	-2.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.11%	20.31%	-3.20%

MBCC vs. SPMO - Expense Ratio Comparison

MBCC has a 1.25% expense ratio, which is higher than SPMO's 0.13% expense ratio.

Dividends

MBCC vs. SPMO - Dividend Comparison

MBCC's dividend yield for the trailing twelve months is around 0.33%, less than SPMO's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MBCC Monarch Blue Chips Core ETF	0.33%	0.27%	0.00%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPMO Invesco S&P 500 Momentum ETF	0.65%	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 MBCC and SPMO in my portfolio?

MBCC and SPMO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MBCC or SPMO?

SPMO has higher volatility (7.35%) compared to MBCC (3.65%). In terms of maximum drawdown, MBCC dropped -30.62% vs SPMO's -30.95%.

Which ETF is better, MBCC or SPMO?

On 5-year performance, SPMO leads with 24.29% vs 8.62% for MBCC. On fees, SPMO is cheaper at 0.13% per year. On volatility, MBCC has been the lower-risk option at 3.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MBCC or SPMO?

Over the 5-year period, SPMO has performed better with a 24.29% return vs 8.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MBCC or SPMO?

SPMO is cheaper with a 0.13% expense ratio, compared with 1.25% for MBCC.

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

SPMO has the higher dividend yield at 0.65%, compared with 0.33% for MBCC.

What is the main difference between MBCC and SPMO?

MBCC is categorized as Large Cap Growth Equities, while SPMO is Momentum. MBCC tracks Kingsview Blue Chips Core Index, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: Kingsview Partners LLC and Invesco. Their fees differ too: 1.25% for MBCC and 0.13% for SPMO.

Which has better risk-adjusted returns?

SPMO currently has the higher Sharpe Ratio (2.62 vs 1.11), 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.