SPMO vs. QMOM
Compare and contrast key facts about Invesco S&P 500 Momentum ETF (SPMO) and Alpha Architect U.S. Quantitative Momentum ETF (QMOM).
SPMO and QMOM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015. QMOM is an actively managed fund by Alpha Architect. It was launched on Dec 2, 2015.
Performance
SPMO vs. QMOM - Performance Comparison
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SPMO vs. QMOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
QMOM Alpha Architect U.S. Quantitative Momentum ETF | 6.82% | 2.36% | 30.43% | 9.50% | -6.99% | -4.06% | 61.94% | 28.39% | -11.75% | 15.92% |
Returns By Period
In the year-to-date period, SPMO achieves a -3.77% return, which is significantly lower than QMOM's 6.82% return. Over the past 10 years, SPMO has outperformed QMOM with an annualized return of 17.41%, while QMOM has yielded a comparatively lower 12.39% annualized return.
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
QMOM
- 1D
- 2.11%
- 1M
- -5.53%
- YTD
- 6.82%
- 6M
- 9.12%
- 1Y
- 17.89%
- 3Y*
- 16.74%
- 5Y*
- 6.54%
- 10Y*
- 12.39%
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SPMO vs. QMOM - Expense Ratio Comparison
SPMO has a 0.13% expense ratio, which is lower than QMOM's 0.28% expense ratio.
Return for Risk
SPMO vs. QMOM — Risk / Return Rank
SPMO
QMOM
SPMO vs. QMOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and Alpha Architect U.S. Quantitative Momentum ETF (QMOM). 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 | QMOM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 0.70 | +0.36 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.08 | +0.52 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.15 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.33 | +0.62 |
Martin ratioReturn relative to average drawdown | 6.90 | 4.59 | +2.31 |
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 | QMOM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 0.70 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.27 | +0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.47 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.46 | +0.40 |
Correlation
The correlation between SPMO and QMOM is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SPMO vs. QMOM - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.89%, more than QMOM's 0.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
QMOM Alpha Architect U.S. Quantitative Momentum ETF | 0.51% | 0.54% | 1.40% | 0.87% | 1.59% | 0.12% | 0.08% | 0.01% | 0.05% | 0.13% | 0.34% | 0.00% |
Drawdowns
SPMO vs. QMOM - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum QMOM drawdown of -39.13%. Use the drawdown chart below to compare losses from any high point for SPMO and QMOM.
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Drawdown Indicators
| SPMO | QMOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.95% | -39.13% | +8.18% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -13.55% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -22.74% | -27.00% | +4.26% |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | -39.13% | +8.18% |
Current DrawdownCurrent decline from peak | -7.31% | -5.53% | -1.78% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -13.11% | +8.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 3.93% | -0.33% |
Volatility
SPMO vs. QMOM - Volatility Comparison
The current volatility for Invesco S&P 500 Momentum ETF (SPMO) is 7.22%, while Alpha Architect U.S. Quantitative Momentum ETF (QMOM) has a volatility of 11.62%. This indicates that SPMO experiences smaller price fluctuations and is considered to be less risky than QMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMO | QMOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.22% | 11.62% | -4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 12.80% | 19.19% | -6.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.77% | 25.76% | -2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.08% | 24.73% | -5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 26.28% | -6.19% |