SPMO vs. GOOGL
SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index, while GOOGL (Alphabet Inc. Class A) is a stock. Over the past 10 years, SPMO returned 19.57%/yr vs 24.55%/yr for GOOGL. Their 0.53 correlation means they have sometimes moved together and sometimes differently.
Performance
SPMO vs. GOOGL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPMO achieves a 21.07% return, which is significantly higher than GOOGL's 13.93% return. Over the past 10 years, SPMO has underperformed GOOGL with an annualized return of 19.57%, while GOOGL has yielded a comparatively higher 24.55% annualized return.
SPMO
- 1D
- 0.29%
- 1M
- -7.40%
- 6M
- 20.51%
- YTD
- 21.07%
- 1Y
- 25.37%
- 3Y*
- 37.36%
- 5Y*
- 20.21%
- 10Y*
- 19.57%
- ALL TIME*
- 18.93%
GOOGL
- 1D
- 6.73%
- 1M
- -1.41%
- 6M
- 5.50%
- YTD
- 13.93%
- 1Y
- 86.11%
- 3Y*
- 39.78%
- 5Y*
- 21.67%
- 10Y*
- 24.55%
- ALL TIME*
- 25.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.74B | $10.31B | $11.78B | |
| $331.54M | $346.70M | $350.59M |
SPMO vs. GOOGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 21.07% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
GOOGL Alphabet Inc. Class A | 13.93% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 30.85% | 28.18% | -0.80% | 32.93% |
Correlation
The correlation between SPMO and GOOGL is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015 | 0.53 |
The correlation between SPMO and GOOGL shifts across timeframes, from 0.38 (1 year) to 0.56 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPMO vs. GOOGL — Risk / Return Rank
SPMO
GOOGL
SPMO vs. GOOGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and Alphabet Inc. Class A (GOOGL). 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 | GOOGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.46 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 4.11 | -2.48 |
| Martin ratioReturn relative to average drawdown | 5.93 | 11.67 | -5.73 |
Loading charts...
Drawdowns
SPMO vs. GOOGL - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for SPMO and GOOGL.
Loading charts...
Drawdown Indicators
| SPMO | GOOGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.95% | -65.29% | +34.34% |
Max Drawdown (1Y)Largest decline over 1 year | -15.64% | -21.05% | +5.41% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -29.81% | +9.68% |
Max Drawdown (5Y)Largest decline over 5 years | -22.74% | -44.32% | +21.58% |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | -44.32% | +13.37% |
Current DrawdownCurrent decline from peak | -11.03% | -11.49% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -13.01% | +8.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 7.41% | -3.12% |
Volatility
SPMO vs. GOOGL - Volatility Comparison
The current volatility for Invesco S&P 500 Momentum ETF (SPMO) is 10.53%, while Alphabet Inc. Class A (GOOGL) has a volatility of 13.03%. This indicates that SPMO experiences smaller price fluctuations and is considered to be less risky than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPMO | GOOGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.53% | 13.03% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 21.52% | 24.79% | -3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.90% | 32.12% | -8.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.60% | 31.92% | -11.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 29.43% | -8.51% |
Dividends
SPMO vs. GOOGL - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.73%, more than GOOGL's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 0.32% | 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 | 0.73% | 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 GOOGL have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOGL has higher volatility (13.03%) compared to SPMO (10.53%). In terms of maximum drawdown, SPMO dropped -30.95% vs GOOGL's -65.29%.
GOOGL currently has the higher Sharpe Ratio (2.70 vs 1.07), 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.
Find the right allocation for SPMO and GOOGL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer