SPMO vs. SMOM

Last updated Jun 4, 2026

SPMO (Invesco S&P 500 Momentum ETF) and SMOM (Symmetry Panoramic Sector Momentum ETF) are both exchange-traded funds - SPMO is a Momentum fund tracking the S&P 500 Momentum Index, while SMOM is a Large Cap Blend Equities fund actively managed by Symmetry Partners. SPMO is passively managed, while SMOM is actively managed. Their correlation of 0.82 suggests significant overlap in exposure. SPMO charges 0.13%/yr vs 0.63%/yr for SMOM.

Performance

SPMO vs. SMOM - Performance Comparison

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

Returns By Period

In the year-to-date period, SPMO achieves a 30.35% return, which is significantly higher than SMOM's 9.82% return.

SPMO

• 1D: 0.50%
• 1M: 15.36%
• YTD: 30.35%
• 6M: 30.51%
• 1Y: 46.00%
• 3Y*: 43.04%
• 5Y*: 24.29%
• 10Y*: 20.95%

SMOM

• 1D: 0.27%
• 1M: 5.93%
• YTD: 9.82%
• 6M: 10.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPMO vs. SMOM - Yearly Performance Comparison

	2026 (YTD)	2025
SPMO Invesco S&P 500 Momentum ETF	30.35%	0.25%
SMOM Symmetry Panoramic Sector Momentum ETF	9.82%	2.81%

Correlation

The correlation between SPMO and SMOM is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025	0.82

Return for Risk

SPMO vs. SMOM — Risk / Return Rank

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

SPMO

SPMO Risk / Return Rank: 75
SPMO Sharpe Ratio Rank: 79
SPMO Sortino Ratio Rank: 77
SPMO Omega Ratio Rank: 77
SPMO Calmar Ratio Rank: 71
SPMO Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPMO vs. SMOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and Symmetry Panoramic Sector Momentum ETF (SMOM). 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	SMOM	Difference
Sharpe ratio Return per unit of total volatility	2.62	—	—
Sortino ratio Return per unit of downside risk	3.54	—	—
Omega ratio Gain probability vs. loss probability	1.47	—	—
Calmar ratio Return relative to maximum drawdown	3.64	—	—
Martin ratio Return relative to average drawdown	14.17	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SPMO	SMOM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.27	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	1.45	-0.43

Drawdowns

SPMO vs. SMOM - Drawdown Comparison

The maximum SPMO drawdown since its inception was -30.95%, which is greater than SMOM's maximum drawdown of -7.45%. Use the drawdown chart below to compare losses from any high point for SPMO and SMOM.

Drawdown Indicators

	SPMO	SMOM	Difference
Max Drawdown Largest peak-to-trough decline	-30.95%	-7.45%	-23.50%
Max Drawdown (1Y) Largest decline over 1 year	-12.70%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.13%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.74%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.95%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.60%	-1.48%	-3.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	—	—

Volatility

Volatility by Period

	SPMO	SMOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.64%	12.62%	+5.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.30%	12.62%	+6.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.31%	12.62%	+7.69%

SPMO vs. SMOM - Expense Ratio Comparison

SPMO has a 0.13% expense ratio, which is lower than SMOM's 0.63% expense ratio.

Dividends

SPMO vs. SMOM - Dividend Comparison

SPMO's dividend yield for the trailing twelve months is around 0.65%, more than SMOM's 0.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SMOM Symmetry Panoramic Sector Momentum ETF	0.15%	0.16%	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	0.65%	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

Can I hold both SPMO and SMOM in my portfolio?

SPMO and SMOM have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPMO or SMOM?

On fees, SPMO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPMO or SMOM?

SPMO is cheaper with a 0.13% expense ratio, compared with 0.63% for SMOM.

Which ETF pays a higher dividend yield, SPMO or SMOM?

SPMO has the higher dividend yield at 0.65%, compared with 0.15% for SMOM.

What is the main difference between SPMO and SMOM?

SPMO is categorized as Momentum, while SMOM is Large Cap Blend Equities. They also come from different issuers: Invesco and Symmetry Partners. Their fees differ too: 0.13% for SPMO and 0.63% for SMOM.