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SPMO vs. PTIR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPMO vs. PTIR

Last updated Aug 1, 2026
Documentation

SPMO (Invesco S&P 500 Momentum ETF) and PTIR (GraniteShares 2x Long PLTR Daily ETF) are both exchange-traded funds - SPMO is a Momentum fund tracking the S&P 500 Momentum Index, while PTIR is a Leveraged Equities fund tracking the Palantir Technologies Inc. (200%). Both are passively managed. Over the past year, SPMO returned 25.37% vs -58.75% for PTIR. Their 0.47 correlation means their historical movements had little consistent relationship. SPMO charges 0.13%/yr vs 1.04%/yr for PTIR.

Performance

SPMO vs. PTIR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Momentum ETF (SPMO) and GraniteShares 2x Long PLTR Daily ETF (PTIR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SPMO achieves a 21.07% return, which is significantly higher than PTIR's -62.18% 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%

PTIR

1D
1.20%
1M
-6.82%
6M
-43.20%
YTD
-62.18%
1Y
-58.75%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
164.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

PTIR

GraniteShares 2x Long PLTR Daily ETF
$34.43M$50.90M$65.92M

SPMO

Invesco S&P 500 Momentum ETF
$331.54M$346.70M$350.59M

SPMO vs. PTIR - Yearly Performance Comparison

2026 (YTD)20252024
SPMO
Invesco S&P 500 Momentum ETF		21.07%26.58%10.21%
PTIR
GraniteShares 2x Long PLTR Daily ETF		-62.18%221.36%425.36%

Correlation

The correlation between SPMO and PTIR is 0.33, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.33

Correlation (All Time)
Calculated using the full available price history since Sep 4, 2024

0.47

The correlation between SPMO and PTIR shifts across timeframes, from 0.33 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

SPMO vs. PTIR - Sectors Allocation Comparison

Sectors
SPMO
PTIR

Technology

52.1%
100.0%

Industrials

13.1%

-

Communication Services

8.5%

-

Healthcare

7.0%

-

Financial Services

6.2%

-

Consumer Defensive

4.4%

-

Energy

3.3%

-

Basic Materials

1.4%

-

Utilities

1.3%

-

Consumer Cyclical

1.2%

-

Real Estate

1.2%

-

Technology

SPMO
52.1%
PTIR
100.0%

Industrials

SPMO
13.1%
PTIR

-

Communication Services

SPMO
8.5%
PTIR

-

Healthcare

SPMO
7.0%
PTIR

-

Financial Services

SPMO
6.2%
PTIR

-

Consumer Defensive

SPMO
4.4%
PTIR

-

Energy

SPMO
3.3%
PTIR

-

Basic Materials

SPMO
1.4%
PTIR

-

Utilities

SPMO
1.3%
PTIR

-

Consumer Cyclical

SPMO
1.2%
PTIR

-

Real Estate

SPMO
1.2%
PTIR

-

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

GraniteShares 2x Long PLTR Daily ETF

Often compared with SPMO:
SPMO vs. VOOSPMO vs. QQQSPMO vs. SCHGSPMO vs. MTUMSPMO vs. VUGSPMO vs. VFMOSPMO vs. XMMO
Often compared with PTIR:
PTIR vs. PLTUPTIR vs. PLTRPTIR vs. PLTYPTIR vs. NBISPTIR vs. PLTWPTIR vs. NVDLPTIR vs. TQQQ

Return for Risk

SPMO vs. PTIR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
SPMO
SPMO Risk / Return Rank: 4646
Overall Rank
SPMO Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
SPMO Sortino Ratio Rank: 4343
Sortino Ratio Rank
SPMO Omega Ratio Rank: 4545
Omega Ratio Rank
SPMO Calmar Ratio Rank: 4646
Calmar Ratio Rank
SPMO Martin Ratio Rank: 5151
Martin Ratio Rank
PTIR
PTIR Risk / Return Rank: 44
Overall Rank
PTIR Sharpe Ratio Rank: 44
Sharpe Ratio Rank
PTIR Sortino Ratio Rank: 66
Sortino Ratio Rank
PTIR Omega Ratio Rank: 66
Omega Ratio Rank
PTIR Calmar Ratio Rank: 33
Calmar Ratio Rank
PTIR Martin Ratio Rank: 33
Martin Ratio Rank
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. PTIR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and GraniteShares 2x Long PLTR Daily ETF (PTIR). 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.

SPMOPTIRDifference
Sharpe ratioReturn per unit of total volatility
1.07
-0.56

+1.63

Sortino ratioReturn per unit of downside risk
1.56
-0.43

+1.99

Omega ratioGain probability vs. loss probability

1.21

0.95

+0.26

Calmar ratioReturn relative to maximum drawdown

1.63

-0.74

+2.37

Martin ratioReturn relative to average drawdown

5.93

-1.21

+7.14

SPMO vs. PTIR - Sharpe Ratio Comparison

The current SPMO Sharpe Ratio is 1.07, which is higher than the PTIR Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of SPMO and PTIR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SPMO vs. PTIR - Drawdown Comparison

The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum PTIR drawdown of -79.40%. Use the drawdown chart below to compare losses from any high point for SPMO and PTIR.

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Drawdown Indicators

SPMOPTIRDifference

Max Drawdown

Largest peak-to-trough decline

-30.95%

-79.40%

+48.45%

Max Drawdown (1Y)

Largest decline over 1 year

-15.64%

-79.40%

+63.76%

Max Drawdown (3Y)

Largest decline over 3 years

-20.13%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-22.74%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-30.95%

—

—

Current Drawdown

Current decline from peak

-11.03%

-73.93%

+62.90%

Average Drawdown

Average peak-to-trough decline

-4.62%

-31.05%

+26.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.29%

48.56%

-44.27%

Volatility

SPMO vs. PTIR - Volatility Comparison

The current volatility for Invesco S&P 500 Momentum ETF (SPMO) is 10.53%, while GraniteShares 2x Long PLTR Daily ETF (PTIR) has a volatility of 27.36%. This indicates that SPMO experiences smaller price fluctuations and is considered to be less risky than PTIR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPMOPTIRDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.53%

27.36%

-16.83%

Volatility (6M)

Calculated over the trailing 6-month period

21.52%

81.50%

-59.98%

Volatility (1Y)

Calculated over the trailing 1-year period

23.90%

104.45%

-80.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.60%

127.66%

-107.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.92%

127.66%

-106.74%

SPMO vs. PTIR - Expense Ratio Comparison

SPMO has a 0.13% expense ratio, which is lower than PTIR's 1.04% expense ratio.

Dividends

SPMO vs. PTIR - Dividend Comparison

SPMO's dividend yield for the trailing twelve months is around 0.73%, less than PTIR's 15.36% yield.

PositionTTM20252024202320222021202020192018201720162015
PTIR
GraniteShares 2x Long PLTR Daily ETF		15.36%5.81%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		0.73%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 PTIR have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PTIR has higher volatility (27.36%) compared to SPMO (10.53%). In terms of maximum drawdown, SPMO dropped -30.95% vs PTIR's -79.40%.

On 1-year performance, SPMO leads with 25.37% vs -58.75% for PTIR. On fees, SPMO is cheaper at 0.13% per year. On volatility, SPMO has been the lower-risk option at 10.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, SPMO has performed better with a 25.37% return vs -58.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPMO is cheaper with a 0.13% expense ratio, compared with 1.04% for PTIR.

PTIR has the higher dividend yield at 15.36%, compared with 0.73% for SPMO.

SPMO is categorized as Momentum, while PTIR is Leveraged Equities. SPMO tracks S&P 500 Momentum Index, while PTIR tracks Palantir Technologies Inc. (200%). They also come from different issuers: Invesco and GraniteShares. Their fees differ too: 0.13% for SPMO and 1.04% for PTIR.

SPMO currently has the higher Sharpe Ratio (1.07 vs -0.56), 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.

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