SPMO vs. AIPO

Last updated Jun 16, 2026

SPMO (Invesco S&P 500 Momentum ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - SPMO is a Momentum fund tracking the S&P 500 Momentum Index, while AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. SPMO charges 0.13%/yr vs 0.69%/yr for AIPO.

Performance

SPMO vs. AIPO - Performance Comparison

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

Returns By Period

In the year-to-date period, SPMO achieves a 32.66% return, which is significantly lower than AIPO's 47.24% return.

SPMO

• 1D: 3.52%
• 1M: 10.01%
• YTD: 32.66%
• 6M: 33.70%
• 1Y: 50.00%
• 3Y*: 43.16%
• 5Y*: 24.34%
• 10Y*: 21.24%

AIPO

• 1D: 3.56%
• 1M: 0.96%
• YTD: 47.24%
• 6M: 44.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPMO vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
SPMO Invesco S&P 500 Momentum ETF	32.66%	4.77%
AIPO Defiance AI & Power Infrastructure ETF	47.24%	9.46%

Correlation

The correlation between SPMO and AIPO is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.82

SPMO vs. AIPO - Sectors Allocation Comparison

Sectors	SPMO	AIPO
Technology	54.9%	19.8%
Industrials	11.1%	54.2%
Communication Services	8.2%	0.8%
Healthcare	6.4%	-
Financial Services	5.9%	4.8%
Consumer Defensive	4.1%	-
Energy	3.1%	6.0%
Utilities	2.5%	13.5%
Basic Materials	1.5%	-
Consumer Cyclical	1.2%	-
Real Estate	1.0%	1.0%

Return for Risk

SPMO vs. AIPO — Risk / Return Rank

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

SPMO

SPMO Risk / Return Rank: 85
SPMO Sharpe Ratio Rank: 87
SPMO Sortino Ratio Rank: 84
SPMO Omega Ratio Rank: 86
SPMO Calmar Ratio Rank: 83
SPMO Martin Ratio Rank: 83

AIPO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SPMO vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and Defiance AI & Power Infrastructure ETF (AIPO). 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.

	SPMO	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	2.55	—	—
Sortino ratio: Return per unit of downside risk	3.34	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	3.96	—	—
Martin ratio: Return relative to average drawdown	14.96	—	—

Drawdowns

SPMO vs. AIPO - Drawdown Comparison

The maximum SPMO drawdown since its inception was -30.95%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for SPMO and AIPO.

Drawdown Indicators

	SPMO	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-30.95%	-17.31%	-13.64%
Max Drawdown (1Y) Largest decline over 1 year	-12.70%	—	—
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 Drawdown Current decline from peak	0.00%	-4.23%	+4.23%
Average Drawdown Average peak-to-trough decline	-4.60%	-4.48%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	—	—

Volatility

Volatility by Period

	SPMO	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.78%	35.27%	-15.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.71%	35.27%	-15.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.52%	35.27%	-14.75%

SPMO vs. AIPO - Expense Ratio Comparison

SPMO has a 0.13% expense ratio, which is lower than AIPO's 0.69% expense ratio.

Dividends

SPMO vs. AIPO - Dividend Comparison

SPMO's dividend yield for the trailing twelve months is around 0.64%, more than AIPO's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	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	0.64%	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 SPMO and AIPO in my portfolio?

SPMO and AIPO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPMO or AIPO?

On fees, SPMO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPMO or AIPO?

SPMO is cheaper with a 0.13% expense ratio, compared with 0.69% for AIPO.

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

SPMO has the higher dividend yield at 0.64%, compared with 0.01% for AIPO.

What is the main difference between SPMO and AIPO?

SPMO is categorized as Momentum, while AIPO is Building & Construction. SPMO tracks S&P 500 Momentum Index, while AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index. They also come from different issuers: Invesco and Defiance. Their fees differ too: 0.13% for SPMO and 0.69% for AIPO.