SPMO vs. SIVR
SPMO (Invesco S&P 500 Momentum ETF) and SIVR (abrdn Physical Silver Shares ETF) are both exchange-traded funds - SPMO is a Momentum fund tracking the S&P 500 Momentum Index, while SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt). Both are passively managed. Over the past 10 years, SPMO returned 20.86%/yr vs 14.22%/yr for SIVR. At a 0.18 correlation, their price movements are largely independent. SPMO charges 0.13%/yr vs 0.30%/yr for SIVR.
Performance
SPMO vs. SIVR - 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 SIVR's -4.75% return. Over the past 10 years, SPMO has outperformed SIVR with an annualized return of 20.86%, while SIVR has yielded a comparatively lower 14.22% annualized return.
SPMO
- 1D
- 1.26%
- 1M
- 4.23%
- YTD
- 28.15%
- 6M
- 28.70%
- 1Y
- 43.47%
- 3Y*
- 41.53%
- 5Y*
- 23.50%
- 10Y*
- 20.86%
SIVR
- 1D
- 0.78%
- 1M
- -22.74%
- YTD
- -4.75%
- 6M
- 9.46%
- 1Y
- 85.68%
- 3Y*
- 41.59%
- 5Y*
- 19.07%
- 10Y*
- 14.22%
SPMO vs. SIVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 28.15% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
SIVR abrdn Physical Silver Shares ETF | -4.75% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
Correlation
The correlation between SPMO and SIVR is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015 | 0.18 |
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Return for Risk
SPMO vs. SIVR — Risk / Return Rank
SPMO
SIVR
SPMO vs. SIVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and abrdn Physical Silver Shares ETF (SIVR). 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 | SIVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.29 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 1.90 | +1.54 |
| Martin ratioReturn relative to average drawdown | 13.01 | 4.12 | +8.88 |
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Drawdowns
SPMO vs. SIVR - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum SIVR drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for SPMO and SIVR.
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Drawdown Indicators
| SPMO | SIVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.95% | -75.85% | +44.90% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -45.33% | +32.63% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -45.33% | +25.20% |
Max Drawdown (5Y)Largest decline over 5 years | -22.74% | -45.33% | +22.59% |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | -45.33% | +14.38% |
Current DrawdownCurrent decline from peak | -1.68% | -41.89% | +40.21% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -47.83% | +43.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 20.85% | -17.50% |
Volatility
SPMO vs. SIVR - Volatility Comparison
The current volatility for Invesco S&P 500 Momentum ETF (SPMO) is 10.29%, while abrdn Physical Silver Shares ETF (SIVR) has a volatility of 16.37%. This indicates that SPMO experiences smaller price fluctuations and is considered to be less risky than SIVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMO | SIVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.29% | 16.37% | -6.08% |
Volatility (6M)Calculated over the trailing 6-month period | 16.73% | 59.11% | -42.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.48% | 59.76% | -40.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.65% | 36.48% | -16.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.48% | 32.03% | -11.55% |
SPMO vs. SIVR - Expense Ratio Comparison
SPMO has a 0.13% expense ratio, which is lower than SIVR's 0.30% expense ratio.
Dividends
SPMO vs. SIVR - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.67%, while SIVR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 SIVR have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIVR has higher volatility (16.37%) compared to SPMO (10.29%). In terms of maximum drawdown, SPMO dropped -30.95% vs SIVR's -75.85%.
On 10-year performance, SPMO leads with 20.86% vs 14.22% for SIVR. On fees, SPMO is cheaper at 0.13% per year. On volatility, SPMO has been the lower-risk option at 10.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPMO has performed better with a 20.86% return vs 14.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMO is cheaper with a 0.13% expense ratio, compared with 0.30% for SIVR.
SPMO has the higher dividend yield at 0.67%, compared with 0.00% for SIVR.
SPMO is categorized as Momentum, while SIVR is Silver. SPMO tracks S&P 500 Momentum Index, while SIVR tracks LBMA Silver Price ($/ozt). They also come from different issuers: Invesco and abrdn. Their fees differ too: 0.13% for SPMO and 0.30% for SIVR.
SPMO currently has the higher Sharpe Ratio (2.24 vs 1.44), 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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