SPMO vs. LMN.V
SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index, while LMN.V (Lumine Group Inc) is a stock. Over the past 3 years, SPMO returned 40.28%/yr vs 4.01%/yr for LMN.V. At a 0.10 correlation, their price movements are largely independent.
Performance
SPMO vs. LMN.V - Performance Comparison
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Different Trading Currencies
SPMO is traded in USD, while LMN.V is traded in CAD. To make them comparable, the LMN.V values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPMO achieves a 24.29% return, which is significantly higher than LMN.V's -18.04% return.
SPMO
- 1D
- 2.50%
- 1M
- 2.83%
- YTD
- 24.29%
- 6M
- 22.86%
- 1Y
- 39.53%
- 3Y*
- 40.28%
- 5Y*
- 23.06%
- 10Y*
- 20.38%
LMN.V
- 1D
- -3.47%
- 1M
- 9.68%
- YTD
- -18.04%
- 6M
- -21.12%
- 1Y
- -51.91%
- 3Y*
- 4.01%
- 5Y*
- —
- 10Y*
- —
SPMO vs. LMN.V - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 24.29% | 26.58% | 45.82% | 26.98% |
LMN.V Lumine Group Inc | -18.04% | -30.87% | 26.85% | 90.78% |
Correlation
The correlation between SPMO and LMN.V is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2023 | 0.10 |
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Return for Risk
SPMO vs. LMN.V — Risk / Return Rank
SPMO
LMN.V
SPMO vs. LMN.V - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and Lumine Group Inc (LMN.V). 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 | LMN.V | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.11 | ||
| Sortino ratioReturn per unit of downside risk | +4.51 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.82 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | -0.78 | +3.91 |
| Martin ratioReturn relative to average drawdown | 12.02 | -1.14 | +13.16 |
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 | LMN.V | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | -0.98 | +3.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.23 | +0.75 |
Drawdowns
SPMO vs. LMN.V - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum LMN.V drawdown of -66.63%. Use the drawdown chart below to compare losses from any high point for SPMO and LMN.V.
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Drawdown Indicators
| SPMO | LMN.V | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.95% | -66.63% | +35.68% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -66.63% | +53.93% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -66.63% | +46.50% |
Max Drawdown (5Y)Largest decline over 5 years | -22.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | — | — |
Current DrawdownCurrent decline from peak | -4.65% | -59.17% | +54.52% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -17.94% | +13.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 45.57% | -42.27% |
Volatility
SPMO vs. LMN.V - Volatility Comparison
The current volatility for Invesco S&P 500 Momentum ETF (SPMO) is 9.44%, while Lumine Group Inc (LMN.V) has a volatility of 14.52%. This indicates that SPMO experiences smaller price fluctuations and is considered to be less risky than LMN.V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMO | LMN.V | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.44% | 14.52% | -5.08% |
Volatility (6M)Calculated over the trailing 6-month period | 15.82% | 38.97% | -23.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.72% | 53.25% | -34.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.50% | 45.36% | -25.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.41% | 45.36% | -24.95% |
Dividends
SPMO vs. LMN.V - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.69%, while LMN.V has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LMN.V Lumine Group Inc | 0.00% | 0.00% | 0.00% | 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 | 0.69% | 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 LMN.V have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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