SPMO vs. DIVB
SPMO (Invesco S&P 500 Momentum ETF) and DIVB (iShares Core Dividend ETF) are both exchange-traded funds - SPMO is a Momentum fund tracking the S&P 500 Momentum Index, while DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past 5 years, SPMO returned 23.51%/yr vs 12.64%/yr for DIVB. A 0.67 correlation means they provide meaningful diversification when combined. SPMO charges 0.13%/yr vs 0.05%/yr for DIVB.
Performance
SPMO vs. DIVB - Performance Comparison
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Returns By Period
In the year-to-date period, SPMO achieves a 29.95% return, which is significantly higher than DIVB's 17.61% return.
SPMO
- 1D
- -2.04%
- 1M
- 7.76%
- YTD
- 29.95%
- 6M
- 30.95%
- 1Y
- 44.97%
- 3Y*
- 42.18%
- 5Y*
- 23.51%
- 10Y*
- 20.99%
DIVB
- 1D
- -0.03%
- 1M
- 6.28%
- YTD
- 17.61%
- 6M
- 17.31%
- 1Y
- 28.50%
- 3Y*
- 20.64%
- 5Y*
- 12.64%
- 10Y*
- —
SPMO vs. DIVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 29.95% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 3.47% |
DIVB iShares Core Dividend ETF | 17.61% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 32.72% | -8.16% | 5.95% |
Correlation
The correlation between SPMO and DIVB is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.67 |
Over the past year, the correlation between SPMO and DIVB has dropped to 0.47 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
SPMO vs. DIVB — Risk / Return Rank
SPMO
DIVB
SPMO vs. DIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and iShares Core Dividend ETF (DIVB). 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 | DIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.44 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 4.19 | -0.64 |
| Martin ratioReturn relative to average drawdown | 13.45 | 14.12 | -0.68 |
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Drawdowns
SPMO vs. DIVB - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum DIVB drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for SPMO and DIVB.
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Drawdown Indicators
| SPMO | DIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.95% | -36.93% | +5.98% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -6.82% | -5.88% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -15.45% | -4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -22.74% | -21.08% | -1.66% |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | — | — |
Current DrawdownCurrent decline from peak | -2.04% | -0.70% | -1.34% |
Average DrawdownAverage peak-to-trough decline | -4.59% | -4.98% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 2.02% | +1.33% |
Volatility
SPMO vs. DIVB - Volatility Comparison
Invesco S&P 500 Momentum ETF (SPMO) has a higher volatility of 10.59% compared to iShares Core Dividend ETF (DIVB) at 4.42%. This indicates that SPMO's price experiences larger fluctuations and is considered to be riskier than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMO | DIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.59% | 4.42% | +6.17% |
Volatility (6M)Calculated over the trailing 6-month period | 17.02% | 8.77% | +8.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.86% | 11.64% | +8.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 15.29% | +4.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.53% | 18.37% | +2.16% |
SPMO vs. DIVB - Expense Ratio Comparison
SPMO has a 0.13% expense ratio, which is higher than DIVB's 0.05% 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
SPMO vs. DIVB - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.66%, less than DIVB's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.26% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% | 0.00% | 0.00% |
SPMO Invesco S&P 500 Momentum ETF | 0.66% | 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 DIVB have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (10.59%) compared to DIVB (4.42%). In terms of maximum drawdown, SPMO dropped -30.95% vs DIVB's -36.93%.
On 5-year performance, SPMO leads with 23.51% vs 12.64% for DIVB. On fees, DIVB is cheaper at 0.05% per year. On volatility, DIVB has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SPMO has performed better with a 23.51% return vs 12.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVB is cheaper with a 0.05% expense ratio, compared with 0.13% for SPMO.
DIVB has the higher dividend yield at 2.26%, compared with 0.66% for SPMO.
SPMO is categorized as Momentum, while DIVB is Dividend. SPMO tracks S&P 500 Momentum Index, while DIVB tracks Morningstar US Dividend and Buyback Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.13% for SPMO and 0.05% for DIVB.
DIVB currently has the higher Sharpe Ratio (2.46 vs 2.28), 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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