QQLV vs. SPMO
QQLV (Invesco QQQ Low Volatility ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - QQLV is a Large Cap Blend Equities fund tracking the Nasdaq Low Volatility Index, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past year, QQLV returned -1.95% vs 46.00% for SPMO. At a 0.25 correlation, their price movements are largely independent. QQLV charges 0.25%/yr vs 0.13%/yr for SPMO.
Performance
QQLV vs. SPMO - Performance Comparison
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Returns By Period
In the year-to-date period, QQLV achieves a 1.94% return, which is significantly lower than SPMO's 30.35% return.
QQLV
- 1D
- -0.03%
- 1M
- -0.15%
- YTD
- 1.94%
- 6M
- 1.06%
- 1Y
- -1.95%
- 3Y*
- —
- 5Y*
- —
- 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%
QQLV vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQLV Invesco QQQ Low Volatility ETF | 1.94% | 4.19% | -5.60% |
SPMO Invesco S&P 500 Momentum ETF | 30.35% | 26.58% | -3.06% |
Correlation
The correlation between QQLV and SPMO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024 | 0.25 |
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Return for Risk
QQLV vs. SPMO — Risk / Return Rank
QQLV
SPMO
QQLV vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Low Volatility ETF (QQLV) 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.
| QQLV | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.81 | ||
| Sortino ratioReturn per unit of downside risk | -3.74 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.47 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 3.64 | -3.90 |
| Martin ratioReturn relative to average drawdown | -0.52 | 14.17 | -14.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQLV | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | 2.62 | -2.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.27 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 1.01 | -1.00 |
Drawdowns
QQLV vs. SPMO - Drawdown Comparison
The maximum QQLV drawdown since its inception was -9.54%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for QQLV and SPMO.
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Drawdown Indicators
| QQLV | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.54% | -30.95% | +21.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.35% | -12.70% | +5.35% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -3.61% | 0.00% | -3.61% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -4.60% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 3.26% | +0.47% |
Volatility
QQLV vs. SPMO - Volatility Comparison
The current volatility for Invesco QQQ Low Volatility ETF (QQLV) is 2.66%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.35%. This indicates that QQLV 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.
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Volatility by Period
| QQLV | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 7.35% | -4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 7.05% | 14.39% | -7.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.13% | 17.64% | -7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.70% | 19.30% | -6.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.70% | 20.31% | -7.61% |
QQLV vs. SPMO - Expense Ratio Comparison
QQLV has a 0.25% expense ratio, which is higher than SPMO's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
QQLV vs. SPMO - Dividend Comparison
QQLV's dividend yield for the trailing twelve months is around 2.06%, more than SPMO's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQLV Invesco QQQ Low Volatility ETF | 2.06% | 1.84% | 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 | 0.65% | 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
QQLV and SPMO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (7.35%) compared to QQLV (2.66%). In terms of maximum drawdown, QQLV dropped -9.54% vs SPMO's -30.95%.
On 1-year performance, SPMO leads with 46.00% vs -1.95% for QQLV. On fees, SPMO is cheaper at 0.13% per year. On volatility, QQLV has been the lower-risk option at 2.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPMO has performed better with a 46.00% return vs -1.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMO is cheaper with a 0.13% expense ratio, compared with 0.25% for QQLV.
QQLV has the higher dividend yield at 2.06%, compared with 0.65% for SPMO.
QQLV is categorized as Large Cap Blend Equities, while SPMO is Momentum. QQLV tracks Nasdaq Low Volatility Index, while SPMO tracks S&P 500 Momentum Index. Their fees differ too: 0.25% for QQLV and 0.13% for SPMO.
SPMO currently has the higher Sharpe Ratio (2.62 vs -0.19), 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.
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