SPMO vs. QFIN
SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index, while QFIN (360 DigiTech, Inc.) is a stock. Over the past 5 years, SPMO returned 23.50%/yr vs -12.03%/yr for QFIN. At a 0.26 correlation, their price movements are largely independent.
Performance
SPMO vs. QFIN - Performance Comparison
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Returns By Period
In the year-to-date period, SPMO achieves a 28.15% return, which is significantly higher than QFIN's -15.31% return.
SPMO
- 1D
- 1.26%
- 1M
- 3.36%
- YTD
- 28.15%
- 6M
- 28.70%
- 1Y
- 44.90%
- 3Y*
- 41.53%
- 5Y*
- 23.50%
- 10Y*
- 20.86%
QFIN
- 1D
- 2.67%
- 1M
- 17.56%
- YTD
- -15.31%
- 6M
- -17.62%
- 1Y
- -59.79%
- 3Y*
- 7.60%
- 5Y*
- -12.03%
- 10Y*
- —
SPMO vs. QFIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 28.15% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -5.55% |
QFIN 360 DigiTech, Inc. | -15.31% | -47.46% | 162.76% | -16.28% | -6.54% | 97.15% | 20.68% | -36.99% | -7.75% |
Correlation
The correlation between SPMO and QFIN is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.26 |
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Return for Risk
SPMO vs. QFIN — Risk / Return Rank
SPMO
QFIN
SPMO vs. QFIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and 360 DigiTech, Inc. (QFIN). 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 | QFIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.33 | ||
| Sortino ratioReturn per unit of downside risk | +4.99 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.76 | +0.65 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | -0.83 | +4.27 |
| Martin ratioReturn relative to average drawdown | 13.01 | -1.13 | +14.14 |
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Drawdowns
SPMO vs. QFIN - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum QFIN drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for SPMO and QFIN.
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Drawdown Indicators
| SPMO | QFIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.95% | -76.74% | +45.79% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -72.31% | +59.61% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -73.15% | +53.02% |
Max Drawdown (5Y)Largest decline over 5 years | -22.74% | -76.74% | +54.00% |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | — | — |
Current DrawdownCurrent decline from peak | -1.68% | -64.51% | +62.83% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -45.54% | +40.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 53.01% | -49.66% |
Volatility
SPMO vs. QFIN - Volatility Comparison
The current volatility for Invesco S&P 500 Momentum ETF (SPMO) is 10.29%, while 360 DigiTech, Inc. (QFIN) has a volatility of 29.45%. This indicates that SPMO experiences smaller price fluctuations and is considered to be less risky than QFIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMO | QFIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.29% | 29.45% | -19.16% |
Volatility (6M)Calculated over the trailing 6-month period | 16.73% | 38.71% | -21.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.48% | 55.12% | -35.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.65% | 66.39% | -46.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.48% | 72.04% | -51.56% |
Dividends
SPMO vs. QFIN - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.67%, less than QFIN's 10.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QFIN 360 DigiTech, Inc. | 10.00% | 7.58% | 4.56% | 7.27% | 4.03% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 QFIN have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QFIN has higher volatility (29.45%) compared to SPMO (10.29%). In terms of maximum drawdown, SPMO dropped -30.95% vs QFIN's -76.74%.
SPMO currently has the higher Sharpe Ratio (2.24 vs -1.09), 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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