SPMO vs. QQQ
Compare and contrast key facts about Invesco S&P 500® Momentum ETF (SPMO) and Invesco QQQ (QQQ).
SPMO and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both SPMO and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPMO or QQQ.
Performance
SPMO vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, SPMO achieves a 43.90% return, which is significantly higher than QQQ's 22.63% return.
SPMO
43.90%
-0.13%
15.88%
53.17%
19.64%
N/A
QQQ
22.63%
1.12%
10.25%
30.41%
20.71%
18.02%
Key characteristics
| SPMO | QQQ | |
|---|---|---|
| Sharpe Ratio | 3.04 | 1.75 |
| Sortino Ratio | 3.97 | 2.34 |
| Omega Ratio | 1.54 | 1.32 |
| Calmar Ratio | 4.11 | 2.25 |
| Martin Ratio | 17.04 | 8.17 |
| Ulcer Index | 3.17% | 3.73% |
| Daily Std Dev | 17.79% | 17.44% |
| Max Drawdown | -30.95% | -82.98% |
| Current Drawdown | -3.03% | -2.75% |
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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%.
Correlation
The correlation between SPMO and QQQ is 0.74, 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.
Risk-Adjusted Performance
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.
Dividends
SPMO vs. QQQ - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.46%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500® Momentum ETF | 0.46% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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.
Volatility
SPMO vs. QQQ - Volatility Comparison
The current volatility for Invesco S&P 500® Momentum ETF (SPMO) is 5.09%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that SPMO experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.