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SPMO vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPMO and QQQ is 0.77, 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.


Performance

SPMO vs. QQQ - Performance Comparison

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

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Key characteristics

Sharpe Ratio

SPMO:

1.01

QQQ:

0.45

Sortino Ratio

SPMO:

1.50

QQQ:

0.81

Omega Ratio

SPMO:

1.22

QQQ:

1.11

Calmar Ratio

SPMO:

1.24

QQQ:

0.51

Martin Ratio

SPMO:

4.48

QQQ:

1.65

Ulcer Index

SPMO:

5.57%

QQQ:

6.96%

Daily Std Dev

SPMO:

24.70%

QQQ:

25.14%

Max Drawdown

SPMO:

-30.95%

QQQ:

-82.98%

Current Drawdown

SPMO:

-4.45%

QQQ:

-9.42%

Returns By Period

In the year-to-date period, SPMO achieves a 3.85% return, which is significantly higher than QQQ's -4.41% return.


SPMO

YTD

3.85%

1M

7.14%

6M

2.04%

1Y

24.65%

5Y*

20.69%

10Y*

N/A

QQQ

YTD

-4.41%

1M

4.71%

6M

-4.80%

1Y

11.32%

5Y*

17.54%

10Y*

17.26%

*Annualized

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SPMO vs. QQQ - Expense Ratio Comparison

SPMO has a 0.13% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Risk-Adjusted Performance

SPMO vs. QQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPMO
The Risk-Adjusted Performance Rank of SPMO is 8484
Overall Rank
The Sharpe Ratio Rank of SPMO is 8282
Sharpe Ratio Rank
The Sortino Ratio Rank of SPMO is 8383
Sortino Ratio Rank
The Omega Ratio Rank of SPMO is 8484
Omega Ratio Rank
The Calmar Ratio Rank of SPMO is 8787
Calmar Ratio Rank
The Martin Ratio Rank of SPMO is 8383
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 5656
Overall Rank
The Sharpe Ratio Rank of QQQ is 5252
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 5757
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 5656
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 6262
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 5555
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPMO vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Momentum ETF (SPMO) and Invesco QQQ (QQQ). 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.


The current SPMO Sharpe Ratio is 1.01, which is higher than the QQQ Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of SPMO and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

SPMO vs. QQQ - Dividend Comparison

SPMO's dividend yield for the trailing twelve months is around 0.52%, less than QQQ's 0.61% yield.


TTM20242023202220212020201920182017201620152014
SPMO
Invesco S&P 500® Momentum ETF
0.52%0.48%1.63%1.66%0.52%1.27%1.39%1.05%0.77%1.94%0.36%0.00%
QQQ
Invesco QQQ
0.61%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

SPMO vs. QQQ - Drawdown Comparison

The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SPMO and QQQ. For additional features, visit the drawdowns tool.


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Volatility

SPMO vs. QQQ - Volatility Comparison


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