SPMO vs. FUMIX
Compare and contrast key facts about Invesco S&P 500 Momentum ETF (SPMO) and Fidelity SAI U.S. Momentum Index Fund (FUMIX).
SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015. FUMIX is managed by Fidelity. It was launched on Feb 9, 2017.
Performance
SPMO vs. FUMIX - Performance Comparison
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SPMO vs. FUMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 26.01% |
FUMIX Fidelity SAI U.S. Momentum Index Fund | -3.26% | 17.01% | 33.39% | 14.67% | -15.79% | 22.56% | 29.92% | 24.16% | -1.41% | 22.71% |
Returns By Period
In the year-to-date period, SPMO achieves a -3.77% return, which is significantly lower than FUMIX's -3.26% return.
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
FUMIX
- 1D
- 4.25%
- 1M
- -5.54%
- YTD
- -3.26%
- 6M
- -4.57%
- 1Y
- 14.77%
- 3Y*
- 21.47%
- 5Y*
- 11.77%
- 10Y*
- —
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SPMO vs. FUMIX - Expense Ratio Comparison
SPMO has a 0.13% expense ratio, which is higher than FUMIX's 0.11% 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%.
Return for Risk
SPMO vs. FUMIX — Risk / Return Rank
SPMO
FUMIX
SPMO vs. FUMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and Fidelity SAI U.S. Momentum Index Fund (FUMIX). 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 | FUMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 0.74 | +0.32 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.17 | +0.44 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.17 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.18 | +0.78 |
Martin ratioReturn relative to average drawdown | 6.90 | 5.06 | +1.85 |
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 | FUMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 0.74 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.56 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.68 | +0.18 |
Correlation
The correlation between SPMO and FUMIX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SPMO vs. FUMIX - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.89%, less than FUMIX's 2.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
FUMIX Fidelity SAI U.S. Momentum Index Fund | 2.87% | 2.77% | 5.89% | 18.09% | 2.10% | 20.67% | 8.68% | 2.09% | 3.84% | 0.88% | 0.00% | 0.00% |
Drawdowns
SPMO vs. FUMIX - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum FUMIX drawdown of -33.36%. Use the drawdown chart below to compare losses from any high point for SPMO and FUMIX.
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Drawdown Indicators
| SPMO | FUMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.95% | -33.36% | +2.41% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -12.12% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -22.74% | -27.66% | +4.92% |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | — | — |
Current DrawdownCurrent decline from peak | -7.31% | -7.21% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -6.42% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 2.83% | +0.77% |
Volatility
SPMO vs. FUMIX - Volatility Comparison
The current volatility for Invesco S&P 500 Momentum ETF (SPMO) is 7.22%, while Fidelity SAI U.S. Momentum Index Fund (FUMIX) has a volatility of 8.16%. This indicates that SPMO experiences smaller price fluctuations and is considered to be less risky than FUMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMO | FUMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.22% | 8.16% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 12.80% | 13.26% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.77% | 21.35% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.08% | 21.05% | -1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 21.76% | -1.67% |