SPMO vs. GIB-A.TO

Last updated Jun 7, 2026

SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index, while GIB-A.TO (CGI Inc) is a stock. Over the past 10 years, SPMO returned 20.08%/yr vs 3.71%/yr for GIB-A.TO. At a 0.33 correlation, their price movements are largely independent.

Performance

SPMO vs. GIB-A.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Momentum ETF (SPMO) and CGI Inc (GIB-A.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPMO is traded in USD, while GIB-A.TO is traded in CAD. To make them comparable, the GIB-A.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPMO achieves a 21.26% return, which is significantly higher than GIB-A.TO's -26.84% return. Over the past 10 years, SPMO has outperformed GIB-A.TO with an annualized return of 20.08%, while GIB-A.TO has yielded a comparatively lower 3.71% annualized return.

SPMO

• 1D: -5.59%
• 1M: 3.58%
• YTD: 21.26%
• 6M: 20.02%
• 1Y: 36.14%
• 3Y*: 39.63%
• 5Y*: 22.50%
• 10Y*: 20.08%

GIB-A.TO

• 1D: -0.07%
• 1M: -1.06%
• YTD: -26.84%
• 6M: -25.99%
• 1Y: -37.17%
• 3Y*: -13.44%
• 5Y*: -5.44%
• 10Y*: 3.71%

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

SPMO vs. GIB-A.TO - 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%
GIB-A.TO CGI Inc	-26.84%	-15.16%	2.25%	24.59%	-1.87%	10.81%	-4.81%	35.74%	12.77%	13.69%

Correlation

The correlation between SPMO and GIB-A.TO is -0.07, 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	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Oct 13, 2015	0.33

The correlation between SPMO and GIB-A.TO shifts across timeframes, from -0.07 (1 year) to 0.34 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

SPMO vs. GIB-A.TO — Risk / Return Rank

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

SPMO

SPMO Risk / Return Rank: 61
SPMO Sharpe Ratio Rank: 62
SPMO Sortino Ratio Rank: 57
SPMO Omega Ratio Rank: 63
SPMO Calmar Ratio Rank: 61
SPMO Martin Ratio Rank: 64

GIB-A.TO

GIB-A.TO Risk / Return Rank: 5
GIB-A.TO Sharpe Ratio Rank: 1
GIB-A.TO Sortino Ratio Rank: 4
GIB-A.TO Omega Ratio Rank: 3
GIB-A.TO Calmar Ratio Rank: 9
GIB-A.TO Martin Ratio Rank: 4

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. GIB-A.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and CGI Inc (GIB-A.TO). 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	GIB-A.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.04	-1.30	+3.33
Sortino ratio: Return per unit of downside risk	2.70	-1.75	+4.45
Omega ratio: Gain probability vs. loss probability	1.37	0.76	+0.62
Calmar ratio: Return relative to maximum drawdown	2.98	-0.86	+3.84
Martin ratio: Return relative to average drawdown	11.48	-1.58	+13.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPMO vs. GIB-A.TO - Sharpe Ratio Comparison

The current SPMO Sharpe Ratio is 2.04, which is higher than the GIB-A.TO Sharpe Ratio of -1.30. The chart below compares the historical Sharpe Ratios of SPMO and GIB-A.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPMO	GIB-A.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	-1.30	+3.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.16	-0.25	+1.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.99	0.17	+0.82
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.47	+0.50

Drawdowns

SPMO vs. GIB-A.TO - Drawdown Comparison

The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum GIB-A.TO drawdown of -48.62%. Use the drawdown chart below to compare losses from any high point for SPMO and GIB-A.TO.

Drawdown Indicators

	SPMO	GIB-A.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.95%	-48.62%	+17.67%
Max Drawdown (1Y) Largest decline over 1 year	-12.70%	-42.91%	+30.21%
Max Drawdown (3Y) Largest decline over 3 years	-20.13%	-48.62%	+28.49%
Max Drawdown (5Y) Largest decline over 5 years	-22.74%	-48.62%	+25.88%
Max Drawdown (10Y) Largest decline over 10 years	-30.95%	-48.62%	+17.67%
Current Drawdown Current decline from peak	-6.97%	-44.05%	+37.08%
Average Drawdown Average peak-to-trough decline	-4.60%	-9.70%	+5.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	23.40%	-20.11%

Volatility

SPMO vs. GIB-A.TO - Volatility Comparison

The current volatility for Invesco S&P 500 Momentum ETF (SPMO) is 9.33%, while CGI Inc (GIB-A.TO) has a volatility of 10.50%. This indicates that SPMO experiences smaller price fluctuations and is considered to be less risky than GIB-A.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPMO	GIB-A.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.33%	10.50%	-1.17%
Volatility (6M) Calculated over the trailing 6-month period	15.67%	24.92%	-9.25%
Volatility (1Y) Calculated over the trailing 1-year period	18.61%	28.49%	-9.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.46%	22.29%	-2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.39%	22.20%	-1.81%

Dividends

SPMO vs. GIB-A.TO - Dividend Comparison

SPMO's dividend yield for the trailing twelve months is around 0.70%, which matches GIB-A.TO's 0.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIB-A.TO CGI Inc	0.70%	0.49%	0.10%	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

Can I hold both SPMO and GIB-A.TO in my portfolio?

SPMO and GIB-A.TO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.