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SPMO vs. SNSXX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPMO vs. SNSXX

Last updated Jun 10, 2026

SPMO (Invesco S&P 500 Momentum ETF) and SNSXX (Schwab U.S. Treasury Money Fund) are both funds - SPMO is a Momentum fund tracking the S&P 500 Momentum Index, while SNSXX is a Money Market fund managed by Charles Schwab. Over the past 5 years, SPMO returned 22.76%/yr vs 1.38%/yr for SNSXX. At a 0.02 correlation, their price movements are largely independent. SPMO charges 0.13%/yr vs 0.34%/yr for SNSXX.

Performance

SPMO vs. SNSXX - Performance Comparison

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

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Returns By Period

In the year-to-date period, SPMO achieves a 23.98% return, which is significantly higher than SNSXX's 1.40% return.

SPMO

1D
-0.25%
1M
2.57%
YTD
23.98%
6M
22.84%
1Y
39.21%
3Y*
40.17%
5Y*
22.76%
10Y*
20.35%

SNSXX

1D
0.00%
1M
0.29%
YTD
1.40%
6M
1.72%
1Y
3.69%
3Y*
2.32%
5Y*
1.38%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPMO vs. SNSXX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SPMO
Invesco S&P 500 Momentum ETF		23.98%26.58%45.82%17.56%-10.45%17.91%
SNSXX
Schwab U.S. Treasury Money Fund		1.40%3.97%1.61%0.00%0.00%0.00%

Correlation

The correlation between SPMO and SNSXX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.01

Correlation (5Y)
Calculated over the trailing 5-year period

0.02

Correlation (All Time)
Calculated using the full available price history since May 25, 2021

0.02

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P 500 Momentum ETF

Schwab U.S. Treasury Money Fund

Often compared with SPMO:
SPMO vs. VOOSPMO vs. QQQSPMO vs. SCHGSPMO vs. MTUMSPMO vs. VUGSPMO vs. VFMOSPMO vs. XMMO
Often compared with SNSXX:
SNSXX vs. SWVXXSNSXX vs. SPAXXSNSXX vs. SGOVSNSXX vs. VMFXXSNSXX vs. BILSNSXX vs. SWPPXSNSXX vs. SPY

Return for Risk

SPMO vs. SNSXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPMO
SPMO Risk / Return Rank: 7171
Overall Rank
SPMO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
SPMO Sortino Ratio Rank: 6969
Sortino Ratio Rank
SPMO Omega Ratio Rank: 7474
Omega Ratio Rank
SPMO Calmar Ratio Rank: 6969
Calmar Ratio Rank
SPMO Martin Ratio Rank: 7171
Martin Ratio Rank
SNSXX
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. SNSXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and Schwab U.S. Treasury Money Fund (SNSXX). 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.

SPMOSNSXXDifference
Sharpe ratioReturn per unit of total volatility
2.11
3.71

-1.60

Sortino ratioReturn per unit of downside risk
2.79

—

—

Omega ratioGain probability vs. loss probability

1.39

—

—

Calmar ratioReturn relative to maximum drawdown

3.10

—

—

Martin ratioReturn relative to average drawdown

11.87

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPMO vs. SNSXX - Sharpe Ratio Comparison

The current SPMO Sharpe Ratio is 2.11, which is lower than the SNSXX Sharpe Ratio of 3.71. The chart below compares the historical Sharpe Ratios of SPMO and SNSXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SPMOSNSXXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.11

3.71

-1.60

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.17

2.09

-0.91

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.00

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.98

2.08

-1.10

Drawdowns

SPMO vs. SNSXX - Drawdown Comparison

The maximum SPMO drawdown since its inception was -30.95%, which is greater than SNSXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SPMO and SNSXX.

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Drawdown Indicators

SPMOSNSXXDifference

Max Drawdown

Largest peak-to-trough decline

-30.95%

0.00%

-30.95%

Max Drawdown (1Y)

Largest decline over 1 year

-12.70%

0.00%

-12.70%

Max Drawdown (3Y)

Largest decline over 3 years

-20.13%

0.00%

-20.13%

Max Drawdown (5Y)

Largest decline over 5 years

-22.74%

0.00%

-22.74%

Max Drawdown (10Y)

Largest decline over 10 years

-30.95%

—

—

Current Drawdown

Current decline from peak

-4.89%

0.00%

-4.89%

Average Drawdown

Average peak-to-trough decline

-4.60%

0.00%

-4.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.31%

0.00%

+3.31%

Volatility

SPMO vs. SNSXX - Volatility Comparison

Invesco S&P 500 Momentum ETF (SPMO) has a higher volatility of 8.94% compared to Schwab U.S. Treasury Money Fund (SNSXX) at 0.29%. This indicates that SPMO's price experiences larger fluctuations and is considered to be riskier than SNSXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPMOSNSXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.94%

0.29%

+8.65%

Volatility (6M)

Calculated over the trailing 6-month period

15.83%

0.73%

+15.10%

Volatility (1Y)

Calculated over the trailing 1-year period

18.68%

1.06%

+17.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.50%

0.68%

+18.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.41%

0.68%

+19.73%

SPMO vs. SNSXX - Expense Ratio Comparison

SPMO has a 0.13% expense ratio, which is lower than SNSXX's 0.34% expense ratio.

Dividends

SPMO vs. SNSXX - Dividend Comparison

SPMO's dividend yield for the trailing twelve months is around 0.69%, less than SNSXX's 3.62% yield.

PositionTTM20252024202320222021202020192018201720162015
SNSXX
Schwab U.S. Treasury Money Fund		3.62%3.88%1.59%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		0.69%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 SNSXX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPMO has higher volatility (8.94%) compared to SNSXX (0.29%). In terms of maximum drawdown, SPMO dropped -30.95% vs SNSXX's 0.00%.

SNSXX currently has the higher Sharpe Ratio (3.71 vs 2.11), 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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