SEIM vs. SPMO

Last updated Jun 23, 2026

SEIM (SEI Enhanced US Large Cap Momentum Factor ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both Momentum funds. SEIM is actively managed, while SPMO is passively managed. Over the past 3 years, SEIM returned 30.04%/yr vs 44.69%/yr for SPMO. Their correlation of 0.88 suggests significant overlap in exposure. SEIM charges 0.15%/yr vs 0.13%/yr for SPMO.

Performance

SEIM vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) 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, SEIM achieves a 21.04% return, which is significantly lower than SPMO's 36.08% return.

SEIM

• 1D: 0.81%
• 1M: 5.31%
• YTD: 21.04%
• 6M: 19.67%
• 1Y: 39.75%
• 3Y*: 30.04%
• 5Y*: —
• 10Y*: —

SPMO

• 1D: 1.26%
• 1M: 11.71%
• YTD: 36.08%
• 6M: 35.05%
• 1Y: 52.78%
• 3Y*: 44.69%
• 5Y*: 24.25%
• 10Y*: 21.59%

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

SEIM vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	21.04%	20.20%	39.12%	16.25%	-5.62%
SPMO Invesco S&P 500 Momentum ETF	36.08%	26.58%	45.82%	17.56%	2.26%

Correlation

The correlation between SEIM and SPMO is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since May 18, 2022	0.88

The correlation between SEIM and SPMO has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.

SEIM vs. SPMO - Sectors Allocation Comparison

Sectors	SEIM	SPMO
Technology	29.5%	56.8%
Energy	11.8%	2.8%
Healthcare	9.5%	5.9%
Financial Services	8.1%	5.8%
Consumer Defensive	7.9%	3.8%
Consumer Cyclical	7.2%	1.1%
Real Estate	7.2%	0.9%
Industrials	6.8%	10.9%
Basic Materials	4.7%	1.5%
Communication Services	4.4%	8.0%
Utilities	2.4%	2.6%

Return for Risk

SEIM vs. SPMO — Risk / Return Rank

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

SEIM

SEIM Risk / Return Rank: 76
SEIM Sharpe Ratio Rank: 75
SEIM Sortino Ratio Rank: 71
SEIM Omega Ratio Rank: 71
SEIM Calmar Ratio Rank: 79
SEIM Martin Ratio Rank: 85

SPMO

SPMO Risk / Return Rank: 83
SPMO Sharpe Ratio Rank: 85
SPMO Sortino Ratio Rank: 81
SPMO Omega Ratio Rank: 83
SPMO Calmar Ratio Rank: 82
SPMO Martin Ratio Rank: 82

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.

SEIM vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) 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.

	SEIM	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	2.31	2.65	-0.34
Sortino ratio: Return per unit of downside risk	3.09	3.46	-0.37
Omega ratio: Gain probability vs. loss probability	1.40	1.48	-0.07
Calmar ratio: Return relative to maximum drawdown	3.97	4.18	-0.21
Martin ratio: Return relative to average drawdown	17.00	15.78	+1.22

SEIM vs. SPMO - Sharpe Ratio Comparison

The current SEIM Sharpe Ratio is 2.31, which is comparable to the SPMO Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of SEIM 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

SEIM vs. SPMO - Drawdown Comparison

The maximum SEIM drawdown since its inception was -22.17%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for SEIM and SPMO.

Drawdown Indicators

	SEIM	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-22.17%	-30.95%	+8.78%
Max Drawdown (1Y) Largest decline over 1 year	-10.07%	-12.70%	+2.63%
Max Drawdown (3Y) Largest decline over 3 years	-22.17%	-20.13%	-2.04%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.95%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.97%	-4.59%	+0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	3.35%	-1.01%

Volatility

SEIM vs. SPMO - Volatility Comparison

The current volatility for SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) is 6.75%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 10.55%. This indicates that SEIM 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

	SEIM	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	10.55%	-3.80%
Volatility (6M) Calculated over the trailing 6-month period	14.33%	17.11%	-2.78%
Volatility (1Y) Calculated over the trailing 1-year period	17.32%	20.05%	-2.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.07%	19.77%	-0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.07%	20.55%	-1.48%

SEIM vs. SPMO - Expense Ratio Comparison

SEIM has a 0.15% 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

SEIM vs. SPMO - Dividend Comparison

SEIM's dividend yield for the trailing twelve months is around 0.51%, less than SPMO's 0.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	0.51%	0.56%	0.48%	0.89%	1.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPMO Invesco S&P 500 Momentum ETF	0.78%	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 SEIM and SPMO in my portfolio?

SEIM and SPMO have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEIM or SPMO?

SPMO has higher volatility (10.55%) compared to SEIM (6.75%). In terms of maximum drawdown, SEIM dropped -22.17% vs SPMO's -30.95%.

Which ETF is better, SEIM or SPMO?

On 3-year performance, SPMO leads with 44.69% vs 30.04% for SEIM. On fees, SPMO is cheaper at 0.13% per year. On volatility, SEIM has been the lower-risk option at 6.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SEIM or SPMO?

Over the 3-year period, SPMO has performed better with a 44.69% return vs 30.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SEIM or SPMO?

SPMO is cheaper with a 0.13% expense ratio, compared with 0.15% for SEIM.

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

SPMO has the higher dividend yield at 0.78%, compared with 0.51% for SEIM.

What is the main difference between SEIM and SPMO?

They also come from different issuers: SEI and Invesco. Their fees differ too: 0.15% for SEIM and 0.13% for SPMO.

Which has better risk-adjusted returns?

SPMO currently has the higher Sharpe Ratio (2.65 vs 2.31), 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.