SPMO vs. BRK-B
SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, SPMO returned 20.08%/yr vs 13.19%/yr for BRK-B. At a 0.43 correlation, their price movements are largely independent.
Performance
SPMO vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, SPMO achieves a 21.26% return, which is significantly higher than BRK-B's -2.89% return. Over the past 10 years, SPMO has outperformed BRK-B with an annualized return of 20.08%, while BRK-B has yielded a comparatively lower 13.19% annualized return.
SPMO
- 1D
- -5.59%
- 1M
- 1.90%
- YTD
- 21.26%
- 6M
- 20.02%
- 1Y
- 37.63%
- 3Y*
- 39.63%
- 5Y*
- 22.50%
- 10Y*
- 20.08%
BRK-B
- 1D
- 1.98%
- 1M
- 3.90%
- YTD
- -2.89%
- 6M
- -3.21%
- 1Y
- -0.12%
- 3Y*
- 13.55%
- 5Y*
- 10.78%
- 10Y*
- 13.19%
SPMO vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 21.26% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
BRK-B Berkshire Hathaway Inc. | -2.89% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.93% | 3.01% | 21.62% |
Correlation
The correlation between SPMO and BRK-B is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2015 | 0.43 |
Over the past year, the correlation between SPMO and BRK-B has dropped to 0.01 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
SPMO vs. BRK-B — Risk / Return Rank
SPMO
BRK-B
SPMO vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and Berkshire Hathaway Inc. (BRK-B). 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.
| SPMO | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.01 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | -0.01 | +2.99 |
| Martin ratioReturn relative to average drawdown | 11.48 | -0.03 | +11.51 |
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
| SPMO | BRK-B | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | -0.01 | +2.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.16 | 0.63 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.99 | 0.68 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.48 | +0.48 |
Drawdowns
SPMO vs. BRK-B - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for SPMO and BRK-B.
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Drawdown Indicators
| SPMO | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.95% | -53.86% | +22.91% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -9.42% | -3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -14.95% | -5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -22.74% | -26.58% | +3.84% |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | -29.57% | -1.38% |
Current DrawdownCurrent decline from peak | -6.97% | -9.57% | +2.60% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -11.07% | +6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 4.47% | -1.18% |
Volatility
SPMO vs. BRK-B - Volatility Comparison
Invesco S&P 500 Momentum ETF (SPMO) has a higher volatility of 9.33% compared to Berkshire Hathaway Inc. (BRK-B) at 4.08%. This indicates that SPMO's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMO | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.33% | 4.08% | +5.25% |
Volatility (6M)Calculated over the trailing 6-month period | 15.67% | 10.87% | +4.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.61% | 14.39% | +4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.46% | 17.13% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.39% | 19.43% | +0.96% |
Dividends
SPMO vs. BRK-B - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.70%, while BRK-B has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 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 | 0.70% | 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
SPMO and BRK-B have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (9.33%) compared to BRK-B (4.08%). In terms of maximum drawdown, SPMO dropped -30.95% vs BRK-B's -53.86%.
SPMO currently has the higher Sharpe Ratio (2.04 vs -0.01), 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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