PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SPMO vs. IJH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPMO vs. IJH

Last updated Jun 12, 2026

SPMO (Invesco S&P 500 Momentum ETF) and IJH (iShares Core S&P Mid-Cap ETF) are both exchange-traded funds - SPMO is a Momentum fund tracking the S&P 500 Momentum Index, while IJH is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index. Both are passively managed. Over the past 10 years, SPMO returned 20.59%/yr vs 11.45%/yr for IJH. A 0.63 correlation means they provide meaningful diversification when combined. SPMO charges 0.13%/yr vs 0.05%/yr for IJH.

Performance

SPMO vs. IJH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Momentum ETF (SPMO) and iShares Core S&P Mid-Cap ETF (IJH). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SPMO achieves a 26.56% return, which is significantly higher than IJH's 14.66% return. Over the past 10 years, SPMO has outperformed IJH with an annualized return of 20.59%, while IJH has yielded a comparatively lower 11.45% annualized return.

SPMO

1D
4.80%
1M
4.24%
YTD
26.56%
6M
24.30%
1Y
41.83%
3Y*
41.24%
5Y*
23.19%
10Y*
20.59%

IJH

1D
2.51%
1M
2.96%
YTD
14.66%
6M
11.74%
1Y
25.20%
3Y*
15.52%
5Y*
8.10%
10Y*
11.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPMO vs. IJH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPMO
Invesco S&P 500 Momentum ETF		26.56%26.58%45.82%17.56%-10.45%22.64%28.25%25.93%-0.92%27.76%
IJH
iShares Core S&P Mid-Cap ETF		14.66%7.42%13.92%16.40%-13.11%24.72%13.60%26.10%-11.19%16.26%

Correlation

The correlation between SPMO and IJH is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.63

Correlation (3Y)
Calculated over the trailing 3-year period

0.65

Correlation (5Y)
Calculated over the trailing 5-year period

0.71

Correlation (10Y)
Calculated over the trailing 10-year period

0.65

Correlation (All Time)
Calculated using the full available price history since Oct 12, 2015

0.63

The correlation between SPMO and IJH has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.

SPMO vs. IJH - Sectors Allocation Comparison

Sectors
SPMO
IJH

Technology

54.8%
15.7%

Industrials

10.9%
25.0%

Communication Services

8.7%
1.0%

Healthcare

6.2%
8.6%

Financial Services

5.7%
14.4%

Consumer Defensive

4.0%
3.8%

Energy

3.1%
5.5%

Utilities

2.5%
3.1%

Basic Materials

1.6%
4.8%

Consumer Cyclical

1.3%
10.7%

Real Estate

0.9%
7.5%

Technology

SPMO
54.8%
IJH
15.7%

Industrials

SPMO
10.9%
IJH
25.0%

Communication Services

SPMO
8.7%
IJH
1.0%

Healthcare

SPMO
6.2%
IJH
8.6%

Financial Services

SPMO
5.7%
IJH
14.4%

Consumer Defensive

SPMO
4.0%
IJH
3.8%

Energy

SPMO
3.1%
IJH
5.5%

Utilities

SPMO
2.5%
IJH
3.1%

Basic Materials

SPMO
1.6%
IJH
4.8%

Consumer Cyclical

SPMO
1.3%
IJH
10.7%

Real Estate

SPMO
0.9%
IJH
7.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P 500 Momentum ETF

iShares Core S&P Mid-Cap ETF

Often compared with SPMO:
SPMO vs. VOOSPMO vs. QQQSPMO vs. SCHGSPMO vs. MTUMSPMO vs. VUGSPMO vs. VFMOSPMO vs. XMMO
Often compared with IJH:
IJH vs. VOIJH vs. IJRIJH vs. MDYIJH vs. IJJIJH vs. IJKIJH vs. SCHMIJH vs. IVOO

Return for Risk

SPMO vs. IJH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPMO
SPMO Risk / Return Rank: 7979
Overall Rank
SPMO Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
SPMO Sortino Ratio Rank: 7979
Sortino Ratio Rank
SPMO Omega Ratio Rank: 8181
Omega Ratio Rank
SPMO Calmar Ratio Rank: 7878
Calmar Ratio Rank
SPMO Martin Ratio Rank: 7979
Martin Ratio Rank
IJH
IJH Risk / Return Rank: 6262
Overall Rank
IJH Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
IJH Sortino Ratio Rank: 6060
Sortino Ratio Rank
IJH Omega Ratio Rank: 5555
Omega Ratio Rank
IJH Calmar Ratio Rank: 6969
Calmar Ratio Rank
IJH Martin Ratio Rank: 6969
Martin Ratio Rank
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. IJH - 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 S&P Mid-Cap ETF (IJH). 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.

SPMOIJHDifference
Sharpe ratioReturn per unit of total volatility
2.16
1.59

+0.57

Sortino ratioReturn per unit of downside risk
2.89
2.33

+0.56

Omega ratioGain probability vs. loss probability

1.40

1.28

+0.12

Calmar ratioReturn relative to maximum drawdown

3.31

2.87

+0.44

Martin ratioReturn relative to average drawdown

12.52

10.47

+2.05

SPMO vs. IJH - Sharpe Ratio Comparison

The current SPMO Sharpe Ratio is 2.16, which is higher than the IJH Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of SPMO and IJH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

SPMO vs. IJH - Drawdown Comparison

The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum IJH drawdown of -55.07%. Use the drawdown chart below to compare losses from any high point for SPMO and IJH.

Loading charts...

Drawdown Indicators

SPMOIJHDifference

Max Drawdown

Largest peak-to-trough decline

-30.95%

-55.07%

+24.12%

Max Drawdown (1Y)

Largest decline over 1 year

-12.70%

-8.83%

-3.87%

Max Drawdown (3Y)

Largest decline over 3 years

-20.13%

-24.10%

+3.97%

Max Drawdown (5Y)

Largest decline over 5 years

-22.74%

-24.10%

+1.36%

Max Drawdown (10Y)

Largest decline over 10 years

-30.95%

-42.18%

+11.23%

Current Drawdown

Current decline from peak

-2.91%

0.00%

-2.91%

Average Drawdown

Average peak-to-trough decline

-4.60%

-7.56%

+2.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.35%

2.41%

+0.94%

Volatility

SPMO vs. IJH - Volatility Comparison

Invesco S&P 500 Momentum ETF (SPMO) has a higher volatility of 10.29% compared to iShares Core S&P Mid-Cap ETF (IJH) at 5.07%. This indicates that SPMO's price experiences larger fluctuations and is considered to be riskier than IJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SPMOIJHDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.29%

5.07%

+5.22%

Volatility (6M)

Calculated over the trailing 6-month period

16.70%

11.85%

+4.85%

Volatility (1Y)

Calculated over the trailing 1-year period

19.45%

15.89%

+3.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.65%

19.80%

-0.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.48%

21.20%

-0.72%

SPMO vs. IJH - Expense Ratio Comparison

SPMO has a 0.13% expense ratio, which is higher than IJH'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. IJH - Dividend Comparison

SPMO's dividend yield for the trailing twelve months is around 0.67%, less than IJH's 1.18% yield.

PositionTTM20252024202320222021202020192018201720162015
IJH
iShares Core S&P Mid-Cap ETF		1.18%1.36%1.33%1.46%1.68%1.18%1.28%1.63%1.72%1.19%1.60%1.56%
SPMO
Invesco S&P 500 Momentum ETF		0.67%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 IJH have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPMO has higher volatility (10.29%) compared to IJH (5.07%). In terms of maximum drawdown, SPMO dropped -30.95% vs IJH's -55.07%.

On 10-year performance, SPMO leads with 20.59% vs 11.45% for IJH. On fees, IJH is cheaper at 0.05% per year. On volatility, IJH has been the lower-risk option at 5.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SPMO has performed better with a 20.59% return vs 11.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJH is cheaper with a 0.05% expense ratio, compared with 0.13% for SPMO.

IJH has the higher dividend yield at 1.18%, compared with 0.67% for SPMO.

SPMO is categorized as Momentum, while IJH is Mid Cap Blend Equities. SPMO tracks S&P 500 Momentum Index, while IJH tracks S&P MidCap 400 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.13% for SPMO and 0.05% for IJH.

SPMO currently has the higher Sharpe Ratio (2.16 vs 1.59), 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.

Portfolio Optimizer

Find the right allocation for SPMO and IJH

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