PSN vs. SPMO

Last updated Aug 4, 2026

PSN (Parsons Corporation) is a stock, while SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index. Over the past 5 years, PSN returned 8.27%/yr vs 20.19%/yr for SPMO. Their 0.35 correlation means their historical movements had little consistent relationship.

Performance

PSN vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Parsons Corporation (PSN) 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, PSN achieves a -22.96% return, which is significantly lower than SPMO's 22.35% return.

PSN

• 1D: 7.69%
• 1M: -15.42%
• 6M: -30.33%
• YTD: -22.96%
• 1Y: -35.42%
• 3Y*: -4.02%
• 5Y*: 8.27%
• 10Y*: —
• ALL TIME*: 6.27%

SPMO

• 1D: 1.06%
• 1M: -3.63%
• 6M: 21.38%
• YTD: 22.35%
• 1Y: 29.45%
• 3Y*: 38.16%
• 5Y*: 20.19%
• 10Y*: 19.70%
• ALL TIME*: 19.03%

*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)
PSN Parsons Corporation	$127.09M	$87.35M	$73.91M
SPMO Invesco S&P 500 Momentum ETF	$336.15M	$337.86M	$350.15M

PSN vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PSN Parsons Corporation	-22.96%	-33.01%	47.11%	35.59%	37.44%	-7.58%	-11.80%	34.68%
SPMO Invesco S&P 500 Momentum ETF	22.35%	26.58%	45.82%	17.56%	-10.45%	22.64%	28.25%	8.58%

Correlation

The correlation between PSN and SPMO is 0.12, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.12
Correlation (3Y) Balances recent behavior with more history.	0.29
Correlation (5Y) Shows whether the relationship held over a longer period.	0.37
Correlation (All Time) Calculated using the full available price history since May 8, 2019	0.35

Over the past year, the correlation between PSN and SPMO has dropped to 0.12 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.

Return for Risk

PSN vs. SPMO — Risk / Return Rank

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

PSN

PSN Risk / Return Rank: 17
PSN Sharpe Ratio Rank: 16
PSN Sortino Ratio Rank: 21
PSN Omega Ratio Rank: 17
PSN Calmar Ratio Rank: 19
PSN Martin Ratio Rank: 13

SPMO

SPMO Risk / Return Rank: 51
SPMO Sharpe Ratio Rank: 50
SPMO Sortino Ratio Rank: 49
SPMO Omega Ratio Rank: 52
SPMO Calmar Ratio Rank: 51
SPMO Martin Ratio Rank: 56

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.

PSN vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Parsons Corporation (PSN) 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.

	PSN	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	1.24	-1.85
Sortino ratio: Return per unit of downside risk	-0.49	1.77	-2.26
Omega ratio: Gain probability vs. loss probability	0.91	1.24	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.65	1.89	-2.54
Martin ratio: Return relative to average drawdown	-1.24	6.81	-8.06

PSN vs. SPMO - Sharpe Ratio Comparison

The current PSN Sharpe Ratio is -0.61, which is lower than the SPMO Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of PSN 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

PSN vs. SPMO - Drawdown Comparison

The maximum PSN drawdown since its inception was -64.42%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for PSN and SPMO.

Drawdown Indicators

	PSN	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-64.42%	-30.95%	-33.47%
Max Drawdown (1Y) Largest decline over 1 year	-54.84%	-15.64%	-39.20%
Max Drawdown (3Y) Largest decline over 3 years	-64.42%	-20.13%	-44.29%
Max Drawdown (5Y) Largest decline over 5 years	-64.42%	-22.74%	-41.68%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.95%	—
Current Drawdown Current decline from peak	-57.98%	-10.09%	-47.89%
Average Drawdown Average peak-to-trough decline	-17.41%	-4.62%	-12.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.50%	4.33%	+24.17%

Volatility

PSN vs. SPMO - Volatility Comparison

Parsons Corporation (PSN) has a higher volatility of 46.30% compared to Invesco S&P 500 Momentum ETF (SPMO) at 10.26%. This indicates that PSN'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

	PSN	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	46.30%	10.26%	+36.04%
Volatility (6M) Calculated over the trailing 6-month period	55.61%	21.52%	+34.09%
Volatility (1Y) Calculated over the trailing 1-year period	58.69%	23.86%	+34.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.89%	20.61%	+17.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.76%	20.94%	+16.82%

Dividends

PSN vs. SPMO - Dividend Comparison

PSN 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
PSN Parsons Corporation	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 PSN and SPMO in my portfolio?

PSN and SPMO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSN or SPMO?

PSN has higher volatility (46.30%) compared to SPMO (10.26%). In terms of maximum drawdown, PSN dropped -64.42% vs SPMO's -30.95%.

Which has better risk-adjusted returns?

SPMO currently has the higher Sharpe Ratio (1.24 vs -0.61), 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.