QXO vs. SPMO

Last updated Jun 27, 2026

QXO (QXO, Inc) is a stock, while SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index. Over the past 10 years, QXO returned 8.56%/yr vs 21.02%/yr for SPMO. At a 0.15 correlation, their price movements are largely independent.

Performance

QXO vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in QXO, Inc (QXO) 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, QXO achieves a -7.83% return, which is significantly lower than SPMO's 29.80% return. Over the past 10 years, QXO has underperformed SPMO with an annualized return of 8.56%, while SPMO has yielded a comparatively higher 21.02% annualized return.

QXO

• 1D: -1.22%
• 1M: 2.18%
• YTD: -7.83%
• 6M: -16.29%
• 1Y: -18.14%
• 3Y*: -7.64%
• 5Y*: -23.41%
• 10Y*: 8.56%

SPMO

• 1D: -3.41%
• 1M: 3.23%
• YTD: 29.80%
• 6M: 27.59%
• 1Y: 39.77%
• 3Y*: 42.13%
• 5Y*: 22.90%
• 10Y*: 21.02%

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

QXO vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QXO QXO, Inc	-7.83%	21.32%	-86.06%	508.46%	-33.78%	63.72%	-17.22%	92.05%	-45.15%	43.66%
SPMO Invesco S&P 500 Momentum ETF	29.80%	26.58%	45.82%	17.56%	-10.45%	22.64%	28.25%	25.93%	-0.92%	27.76%

Correlation

The correlation between QXO and SPMO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015	0.15

Over the past year, QXO and SPMO have become more correlated (0.40) than their long-term average of 0.15, meaning their price movements have been converging.

Return for Risk

QXO vs. SPMO — Risk / Return Rank

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

QXO

QXO Risk / Return Rank: 30
QXO Sharpe Ratio Rank: 31
QXO Sortino Ratio Rank: 31
QXO Omega Ratio Rank: 31
QXO Calmar Ratio Rank: 30
QXO Martin Ratio Rank: 25

SPMO

SPMO Risk / Return Rank: 67
SPMO Sharpe Ratio Rank: 65
SPMO Sortino Ratio Rank: 61
SPMO Omega Ratio Rank: 67
SPMO Calmar Ratio Rank: 70
SPMO Martin Ratio Rank: 72

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.

QXO vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for QXO, Inc (QXO) 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.

	QXO	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	-0.31	1.90	-2.20
Sortino ratio: Return per unit of downside risk	-0.08	2.54	-2.62
Omega ratio: Gain probability vs. loss probability	0.99	1.35	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.41	3.15	-3.56
Martin ratio: Return relative to average drawdown	-0.92	11.75	-12.67

QXO vs. SPMO - Sharpe Ratio Comparison

The current QXO Sharpe Ratio is -0.31, which is lower than the SPMO Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of QXO 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

QXO vs. SPMO - Drawdown Comparison

The maximum QXO drawdown since its inception was -95.44%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for QXO and SPMO.

Drawdown Indicators

	QXO	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-95.44%	-30.95%	-64.49%
Max Drawdown (1Y) Largest decline over 1 year	-44.37%	-12.70%	-31.67%
Max Drawdown (3Y) Largest decline over 3 years	-95.44%	-20.13%	-75.31%
Max Drawdown (5Y) Largest decline over 5 years	-95.44%	-22.74%	-72.70%
Max Drawdown (10Y) Largest decline over 10 years	-95.44%	-30.95%	-64.49%
Current Drawdown Current decline from peak	-92.45%	-4.61%	-87.84%
Average Drawdown Average peak-to-trough decline	-56.49%	-4.59%	-51.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.75%	3.39%	+16.36%

Volatility

QXO vs. SPMO - Volatility Comparison

QXO, Inc (QXO) has a higher volatility of 20.31% compared to Invesco S&P 500 Momentum ETF (SPMO) at 12.48%. This indicates that QXO'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

	QXO	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.31%	12.48%	+7.83%
Volatility (6M) Calculated over the trailing 6-month period	49.04%	18.44%	+30.60%
Volatility (1Y) Calculated over the trailing 1-year period	59.34%	21.10%	+38.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.08%	20.00%	+125.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	123.61%	20.66%	+102.95%

Dividends

QXO vs. SPMO - Dividend Comparison

QXO has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.68%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QXO QXO, Inc	0.00%	0.00%	164.53%	1.17%	0.00%	13.42%	31.47%	1.15%	0.00%	1.89%	2.00%	0.00%
SPMO Invesco S&P 500 Momentum ETF	0.68%	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 QXO and SPMO in my portfolio?

QXO and SPMO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QXO or SPMO?

QXO has higher volatility (20.31%) compared to SPMO (12.48%). In terms of maximum drawdown, QXO dropped -95.44% vs SPMO's -30.95%.

Which has better risk-adjusted returns?

SPMO currently has the higher Sharpe Ratio (1.90 vs -0.31), 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.