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RDIV vs. SPMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RDIV vs. SPMO

Last updated Jun 24, 2026

RDIV (Invesco S&P Ultra Dividend Revenue ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - RDIV is a Mid Cap Value Equities fund tracking the S&P 900 Dividend Revenue-Weighted Index, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 10 years, RDIV returned 11.03%/yr vs 21.03%/yr for SPMO. At a 0.40 correlation, their price movements are largely independent. RDIV charges 0.39%/yr vs 0.13%/yr for SPMO.

Performance

RDIV vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P Ultra Dividend Revenue ETF (RDIV) and Invesco S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RDIV achieves a 13.79% return, which is significantly lower than SPMO's 29.91% return. Over the past 10 years, RDIV has underperformed SPMO with an annualized return of 11.03%, while SPMO has yielded a comparatively higher 21.03% annualized return.

RDIV

1D
1.18%
1M
0.13%
YTD
13.79%
6M
13.59%
1Y
28.68%
3Y*
19.82%
5Y*
11.36%
10Y*
11.03%

SPMO

1D
-4.53%
1M
6.65%
YTD
29.91%
6M
28.13%
1Y
43.55%
3Y*
42.47%
5Y*
22.89%
10Y*
21.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RDIV vs. SPMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RDIV
Invesco S&P Ultra Dividend Revenue ETF		13.79%12.36%15.17%4.66%7.16%29.12%-9.31%22.62%-4.78%11.63%
SPMO
Invesco S&P 500 Momentum ETF		29.91%26.58%45.82%17.56%-10.45%22.64%28.25%25.93%-0.92%27.76%

Correlation

The correlation between RDIV and SPMO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.12

Correlation (3Y)
Calculated over the trailing 3-year period

0.31

Correlation (5Y)
Calculated over the trailing 5-year period

0.47

Correlation (10Y)
Calculated over the trailing 10-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Oct 12, 2015

0.40

Over the past year, the correlation between RDIV and SPMO has dropped to 0.12 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

RDIV vs. SPMO - Sectors Allocation Comparison

Sectors
RDIV
SPMO

Financial Services

17.8%
5.8%

Energy

17.3%
2.8%

Consumer Cyclical

15.0%
1.1%

Consumer Defensive

14.6%
3.8%

Communication Services

8.8%
8.0%

Real Estate

7.3%
0.9%

Healthcare

6.8%
5.9%

Technology

6.2%
56.8%

Utilities

6.2%
2.6%

Basic Materials

0.5%
1.5%

Industrials

-

10.9%

Financial Services

RDIV
17.8%
SPMO
5.8%

Energy

RDIV
17.3%
SPMO
2.8%

Consumer Cyclical

RDIV
15.0%
SPMO
1.1%

Consumer Defensive

RDIV
14.6%
SPMO
3.8%

Communication Services

RDIV
8.8%
SPMO
8.0%

Real Estate

RDIV
7.3%
SPMO
0.9%

Healthcare

RDIV
6.8%
SPMO
5.9%

Technology

RDIV
6.2%
SPMO
56.8%

Utilities

RDIV
6.2%
SPMO
2.6%

Basic Materials

RDIV
0.5%
SPMO
1.5%

Industrials

RDIV

-

SPMO
10.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P Ultra Dividend Revenue ETF

Invesco S&P 500 Momentum ETF

Often compared with RDIV:
RDIV vs. SCHDRDIV vs. VOORDIV vs. AFKRDIV vs. VYMRDIV vs. BKERDIV vs. SPYRDIV vs. EQQQ.DE
Often compared with SPMO:
SPMO vs. VOOSPMO vs. QQQSPMO vs. SCHGSPMO vs. MTUMSPMO vs. VUGSPMO vs. VFMOSPMO vs. XMMO

Return for Risk

RDIV vs. SPMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RDIV
RDIV Risk / Return Rank: 7878
Overall Rank
RDIV Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
RDIV Sortino Ratio Rank: 7575
Sortino Ratio Rank
RDIV Omega Ratio Rank: 6666
Omega Ratio Rank
RDIV Calmar Ratio Rank: 9292
Calmar Ratio Rank
RDIV Martin Ratio Rank: 8585
Martin Ratio Rank
SPMO
SPMO Risk / Return Rank: 6868
Overall Rank
SPMO Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
SPMO Sortino Ratio Rank: 6262
Sortino Ratio Rank
SPMO Omega Ratio Rank: 6969
Omega Ratio Rank
SPMO Calmar Ratio Rank: 7171
Calmar Ratio Rank
SPMO Martin Ratio Rank: 7171
Martin Ratio Rank
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.

RDIV vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Ultra Dividend Revenue ETF (RDIV) 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.

RDIVSPMODifference
Sharpe ratioReturn per unit of total volatility
2.15
2.13

+0.01

Sortino ratioReturn per unit of downside risk
3.15
2.81

+0.34

Omega ratioGain probability vs. loss probability

1.37

1.39

-0.02

Calmar ratioReturn relative to maximum drawdown

5.95

3.45

+2.50

Martin ratioReturn relative to average drawdown

17.00

12.97

+4.03

RDIV vs. SPMO - Sharpe Ratio Comparison

The current RDIV Sharpe Ratio is 2.15, which is comparable to the SPMO Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of RDIV 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.

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Drawdowns

RDIV vs. SPMO - Drawdown Comparison

The maximum RDIV drawdown since its inception was -49.97%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for RDIV and SPMO.

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Drawdown Indicators

RDIVSPMODifference

Max Drawdown

Largest peak-to-trough decline

-49.97%

-30.95%

-19.02%

Max Drawdown (1Y)

Largest decline over 1 year

-4.84%

-12.70%

+7.86%

Max Drawdown (3Y)

Largest decline over 3 years

-17.91%

-20.13%

+2.22%

Max Drawdown (5Y)

Largest decline over 5 years

-24.89%

-22.74%

-2.15%

Max Drawdown (10Y)

Largest decline over 10 years

-49.97%

-30.95%

-19.02%

Current Drawdown

Current decline from peak

-2.54%

-4.53%

+1.99%

Average Drawdown

Average peak-to-trough decline

-5.84%

-4.59%

-1.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.69%

3.37%

-1.68%

Volatility

RDIV vs. SPMO - Volatility Comparison

The current volatility for Invesco S&P Ultra Dividend Revenue ETF (RDIV) is 4.58%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 11.75%. This indicates that RDIV 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

RDIVSPMODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.58%

11.75%

-7.17%

Volatility (6M)

Calculated over the trailing 6-month period

9.01%

17.78%

-8.77%

Volatility (1Y)

Calculated over the trailing 1-year period

13.41%

20.55%

-7.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.48%

19.88%

-2.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.89%

20.60%

+1.29%

RDIV vs. SPMO - Expense Ratio Comparison

RDIV has a 0.39% expense ratio, which is higher than SPMO's 0.13% expense ratio.

Dividends

RDIV vs. SPMO - Dividend Comparison

RDIV's dividend yield for the trailing twelve months is around 3.72%, more than SPMO's 0.68% yield.

PositionTTM20252024202320222021202020192018201720162015
RDIV
Invesco S&P Ultra Dividend Revenue ETF		3.72%3.94%4.08%3.93%3.44%3.31%4.93%3.84%4.32%4.26%2.20%4.49%
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

RDIV 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.

SPMO has higher volatility (11.75%) compared to RDIV (4.58%). In terms of maximum drawdown, RDIV dropped -49.97% vs SPMO's -30.95%.

On 10-year performance, SPMO leads with 21.03% vs 11.03% for RDIV. On fees, SPMO is cheaper at 0.13% per year. On volatility, RDIV has been the lower-risk option at 4.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SPMO has performed better with a 21.03% return vs 11.03%. 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 0.39% for RDIV.

RDIV has the higher dividend yield at 3.72%, compared with 0.68% for SPMO.

RDIV is categorized as Mid Cap Value Equities, while SPMO is Momentum. RDIV tracks S&P 900 Dividend Revenue-Weighted Index, while SPMO tracks S&P 500 Momentum Index. Their fees differ too: 0.39% for RDIV and 0.13% for SPMO.

RDIV currently has the higher Sharpe Ratio (2.15 vs 2.13), 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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