SPMO vs. QQQ
Compare and contrast key facts about Invesco S&P 500 Momentum ETF (SPMO) and Invesco QQQ ETF (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.
Performance
SPMO vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, SPMO achieves a -3.57% return, which is significantly higher than QQQ's -4.65% return. Over the past 10 years, SPMO has underperformed QQQ with an annualized return of 17.43%, while QQQ has yielded a comparatively higher 19.05% annualized return.
SPMO
- 1D
- 0.21%
- 1M
- -4.32%
- YTD
- -3.57%
- 6M
- -3.95%
- 1Y
- 30.58%
- 3Y*
- 28.37%
- 5Y*
- 17.71%
- 10Y*
- 17.43%
QQQ
- 1D
- 0.11%
- 1M
- -4.10%
- YTD
- -4.65%
- 6M
- -2.77%
- 1Y
- 30.43%
- 3Y*
- 22.97%
- 5Y*
- 13.18%
- 10Y*
- 19.05%
SPMO vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | -3.57% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
QQQ Invesco QQQ ETF | -4.65% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between SPMO and QQQ is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.
SPMO vs. QQQ - Expense Ratio Comparison
SPMO has a 0.13% expense ratio, which is lower than QQQ's 0.18% 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%.
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Return for Risk
SPMO vs. QQQ — Risk / Return Rank
SPMO
QQQ
SPMO vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and Invesco QQQ ETF (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.
| SPMO | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 1.04 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.62 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.93 | -0.02 |
Martin ratioReturn relative to average drawdown | 6.68 | 7.00 | -0.32 |
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 | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.04 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.59 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.86 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.38 | +0.49 |
Drawdowns
SPMO vs. QQQ - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for SPMO and QQQ.
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Drawdown Indicators
| SPMO | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.95% | -82.97% | +52.02% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -11.96% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -22.74% | -35.12% | +12.38% |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | -35.12% | +4.17% |
Current DrawdownCurrent decline from peak | -7.11% | -7.75% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -32.98% | +28.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 3.48% | +0.15% |
Volatility
SPMO vs. QQQ - Volatility Comparison
Invesco S&P 500 Momentum ETF (SPMO) has a higher volatility of 7.15% compared to Invesco QQQ ETF (QQQ) at 6.38%. This indicates that SPMO's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMO | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.15% | 6.38% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.80% | 12.82% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.76% | 22.69% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.07% | 22.37% | -3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.08% | 22.24% | -2.16% |
Dividends
SPMO vs. QQQ - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.88%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 0.88% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |