QDPL vs. SPMO

Last updated Jul 17, 2026

QDPL (Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - QDPL is a Large Cap Blend Equities fund tracking the Metaurus US Large Cap Dividend Multiplier Index - Series 400, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 5 years, QDPL returned 12.25%/yr vs 20.99%/yr for SPMO. Their correlation of 0.82 suggests significant overlap in exposure. QDPL charges 0.60%/yr vs 0.13%/yr for SPMO.

Performance

QDPL vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) 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, QDPL achieves a 10.05% return, which is significantly lower than SPMO's 22.29% return.

QDPL

• 1D: -0.50%
• 1M: 0.16%
• 6M: 8.57%
• YTD: 10.05%
• 1Y: 20.20%
• 3Y*: 18.52%
• 5Y*: 12.25%
• 10Y*: —

SPMO

• 1D: -3.15%
• 1M: -5.90%
• 6M: 21.88%
• YTD: 22.29%
• 1Y: 29.78%
• 3Y*: 39.07%
• 5Y*: 20.99%
• 10Y*: 20.30%

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

QDPL vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF	10.05%	16.52%	22.83%	23.66%	-16.25%	7.82%
SPMO Invesco S&P 500 Momentum ETF	22.29%	26.58%	45.82%	17.56%	-10.45%	6.50%

Correlation

The correlation between QDPL and SPMO is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021	0.82

The correlation between QDPL and SPMO has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.

QDPL vs. SPMO - Sectors Allocation Comparison

Sectors	QDPL	SPMO
Technology	39.1%	55.0%
Financial Services	11.1%	5.7%
Communication Services	10.7%	8.1%
Consumer Cyclical	9.9%	1.1%
Healthcare	8.3%	6.6%
Industrials	7.8%	10.9%
Consumer Defensive	4.5%	3.9%
Energy	3.1%	2.8%
Utilities	2.1%	2.7%
Real Estate	1.8%	1.0%
Basic Materials	1.7%	1.8%

Return for Risk

QDPL vs. SPMO — Risk / Return Rank

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

QDPL

QDPL Risk / Return Rank: 62
QDPL Sharpe Ratio Rank: 61
QDPL Sortino Ratio Rank: 60
QDPL Omega Ratio Rank: 61
QDPL Calmar Ratio Rank: 58
QDPL Martin Ratio Rank: 72

SPMO

SPMO Risk / Return Rank: 51
SPMO Sharpe Ratio Rank: 46
SPMO Sortino Ratio Rank: 43
SPMO Omega Ratio Rank: 47
SPMO Calmar Ratio Rank: 59
SPMO Martin Ratio Rank: 58

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.

QDPL vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) 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.

	QDPL	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.32	+0.30
Sortino ratio: Return per unit of downside risk	2.28	1.84	+0.44
Omega ratio: Gain probability vs. loss probability	1.30	1.25	+0.05
Calmar ratio: Return relative to maximum drawdown	2.35	2.36	-0.01
Martin ratio: Return relative to average drawdown	10.34	8.15	+2.19

QDPL vs. SPMO - Sharpe Ratio Comparison

The current QDPL Sharpe Ratio is 1.63, which is comparable to the SPMO Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of QDPL 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

QDPL vs. SPMO - Drawdown Comparison

The maximum QDPL drawdown since its inception was -22.59%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for QDPL and SPMO.

Drawdown Indicators

	QDPL	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-22.59%	-30.95%	+8.36%
Max Drawdown (1Y) Largest decline over 1 year	-8.65%	-12.70%	+4.05%
Max Drawdown (3Y) Largest decline over 3 years	-17.75%	-20.13%	+2.38%
Max Drawdown (5Y) Largest decline over 5 years	-22.59%	-22.74%	+0.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.95%	—
Current Drawdown Current decline from peak	-0.96%	-10.13%	+9.17%
Average Drawdown Average peak-to-trough decline	-5.07%	-4.59%	-0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	3.67%	-1.71%

Volatility

QDPL vs. SPMO - Volatility Comparison

The current volatility for Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) is 3.06%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 11.67%. This indicates that QDPL 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

	QDPL	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	11.67%	-8.61%
Volatility (6M) Calculated over the trailing 6-month period	9.87%	20.23%	-10.36%
Volatility (1Y) Calculated over the trailing 1-year period	12.47%	22.58%	-10.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.03%	20.33%	-5.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.01%	20.83%	-5.82%

QDPL vs. SPMO - Expense Ratio Comparison

QDPL has a 0.60% expense ratio, which is higher than SPMO's 0.13% expense ratio.

Dividends

QDPL vs. SPMO - Dividend Comparison

QDPL's dividend yield for the trailing twelve months is around 4.54%, more than SPMO's 0.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF	4.54%	4.84%	5.43%	6.30%	7.27%	2.44%	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 QDPL and SPMO in my portfolio?

QDPL and SPMO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QDPL or SPMO?

SPMO has higher volatility (11.67%) compared to QDPL (3.06%). In terms of maximum drawdown, QDPL dropped -22.59% vs SPMO's -30.95%.

Which ETF is better, QDPL or SPMO?

On 5-year performance, SPMO leads with 20.99% vs 12.25% for QDPL. On fees, SPMO is cheaper at 0.13% per year. On volatility, QDPL has been the lower-risk option at 3.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDPL or SPMO?

Over the 5-year period, SPMO has performed better with a 20.99% return vs 12.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDPL or SPMO?

SPMO is cheaper with a 0.13% expense ratio, compared with 0.60% for QDPL.

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

QDPL has the higher dividend yield at 4.54%, compared with 0.72% for SPMO.

What is the main difference between QDPL and SPMO?

QDPL is categorized as Large Cap Blend Equities, while SPMO is Momentum. QDPL tracks Metaurus US Large Cap Dividend Multiplier Index - Series 400, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: Pacer and Invesco. Their fees differ too: 0.60% for QDPL and 0.13% for SPMO.

Which has better risk-adjusted returns?

QDPL currently has the higher Sharpe Ratio (1.63 vs 1.32), 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.