SPMO vs. MG

Last updated Aug 5, 2026

SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index, while MG (Mistras Group, Inc.) is a stock. Over the past 10 years, SPMO returned 20.17%/yr vs -4.49%/yr for MG. Their 0.30 correlation means their historical movements had little consistent relationship.

Performance

SPMO vs. MG - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with SPMO having a 27.25% return and MG slightly lower at 25.93%. Over the past 10 years, SPMO has outperformed MG with an annualized return of 20.17%, while MG has yielded a comparatively lower -4.49% annualized return.

SPMO

• 1D: 4.00%
• 1M: 0.23%
• 6M: 27.03%
• YTD: 27.25%
• 1Y: 32.27%
• 3Y*: 39.98%
• 5Y*: 20.99%
• 10Y*: 20.17%
• ALL TIME*: 19.45%

MG

• 1D: 1.46%
• 1M: -4.55%
• 6M: 9.86%
• YTD: 25.93%
• 1Y: 99.87%
• 3Y*: 41.78%
• 5Y*: 9.48%
• 10Y*: -4.49%
• ALL TIME*: 1.55%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MG Mistras Group, Inc.	$2.27M	$2.47M	$3.38M
SPMO Invesco S&P 500 Momentum ETF	$336.43M	$343.89M	$352.54M

SPMO vs. MG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPMO Invesco S&P 500 Momentum ETF	27.25%	26.58%	45.82%	17.56%	-10.45%	22.64%	28.25%	25.93%	-0.92%	27.76%
MG Mistras Group, Inc.	25.93%	39.62%	23.77%	48.48%	-33.65%	-4.25%	-45.62%	-0.76%	-38.73%	-8.61%

Correlation

The correlation between SPMO and MG 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.	0.34
Correlation (5Y) Shows whether the relationship held over a longer period.	0.36
Correlation (10Y) Provides a long-term view across more market conditions.	0.31
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015	0.30

Return for Risk

SPMO vs. MG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPMO

SPMO Risk / Return Rank: 50
SPMO Sharpe Ratio Rank: 48
SPMO Sortino Ratio Rank: 47
SPMO Omega Ratio Rank: 49
SPMO Calmar Ratio Rank: 51
SPMO Martin Ratio Rank: 56

MG

MG Risk / Return Rank: 94
MG Sharpe Ratio Rank: 94
MG Sortino Ratio Rank: 95
MG Omega Ratio Rank: 92
MG Calmar Ratio Rank: 93
MG Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPMO vs. MG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and Mistras Group, Inc. (MG). 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	MG	Difference
Sharpe ratio: Return per unit of total volatility	1.35	2.37	-1.02
Sortino ratio: Return per unit of downside risk	1.91	3.52	-1.61
Omega ratio: Gain probability vs. loss probability	1.25	1.42	-0.16
Calmar ratio: Return relative to maximum drawdown	2.07	4.52	-2.45
Martin ratio: Return relative to average drawdown	7.44	13.59	-6.16

SPMO vs. MG - Sharpe Ratio Comparison

The current SPMO Sharpe Ratio is 1.35, which is lower than the MG Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of SPMO and MG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPMO vs. MG - Drawdown Comparison

The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum MG drawdown of -89.21%. Use the drawdown chart below to compare losses from any high point for SPMO and MG.

Drawdown Indicators

	SPMO	MG	Difference
Max Drawdown Largest peak-to-trough decline	-30.95%	-89.21%	+58.26%
Max Drawdown (1Y) Largest decline over 1 year	-15.64%	-22.20%	+6.56%
Max Drawdown (3Y) Largest decline over 3 years	-20.13%	-40.78%	+20.65%
Max Drawdown (5Y) Largest decline over 5 years	-22.74%	-65.34%	+42.60%
Max Drawdown (10Y) Largest decline over 10 years	-30.95%	-88.95%	+58.00%
Current Drawdown Current decline from peak	-6.49%	-40.91%	+34.42%
Average Drawdown Average peak-to-trough decline	-4.62%	-40.46%	+35.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.35%	7.37%	-3.02%

Volatility

SPMO vs. MG - Volatility Comparison

Invesco S&P 500 Momentum ETF (SPMO) has a higher volatility of 10.95% compared to Mistras Group, Inc. (MG) at 7.69%. This indicates that SPMO's price experiences larger fluctuations and is considered to be riskier than MG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPMO	MG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.95%	7.69%	+3.26%
Volatility (6M) Calculated over the trailing 6-month period	21.85%	25.29%	-3.44%
Volatility (1Y) Calculated over the trailing 1-year period	24.13%	42.43%	-18.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.69%	45.70%	-25.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.97%	51.36%	-30.39%

Dividends

SPMO vs. MG - Dividend Comparison

SPMO's dividend yield for the trailing twelve months is around 0.69%, while MG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MG Mistras 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

Can I hold both SPMO and MG in my portfolio?

SPMO and MG 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.

Which is riskier, SPMO or MG?

SPMO has higher volatility (10.95%) compared to MG (7.69%). In terms of maximum drawdown, SPMO dropped -30.95% vs MG's -89.21%.

Which has better risk-adjusted returns?

MG currently has the higher Sharpe Ratio (2.37 vs 1.35), 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.