SPMO vs. TD
SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index, while TD (The Toronto-Dominion Bank) is a stock. Over the past 10 years, SPMO returned 20.86%/yr vs 15.16%/yr for TD. At a 0.42 correlation, their price movements are largely independent.
Performance
SPMO vs. TD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPMO achieves a 28.15% return, which is significantly higher than TD's 26.58% return. Over the past 10 years, SPMO has outperformed TD with an annualized return of 20.86%, while TD has yielded a comparatively lower 15.16% annualized return.
SPMO
- 1D
- 1.26%
- 1M
- 6.27%
- YTD
- 28.15%
- 6M
- 28.70%
- 1Y
- 44.90%
- 3Y*
- 41.53%
- 5Y*
- 23.50%
- 10Y*
- 20.86%
TD
- 1D
- 0.93%
- 1M
- 9.00%
- YTD
- 26.58%
- 6M
- 30.43%
- 1Y
- 71.79%
- 3Y*
- 31.09%
- 5Y*
- 15.31%
- 10Y*
- 15.16%
SPMO vs. TD - 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% |
TD The Toronto-Dominion Bank | 26.58% | 85.32% | -13.40% | 5.04% | -12.19% | 41.25% | 5.58% | 17.45% | -12.10% | 22.85% |
Correlation
The correlation between SPMO and TD is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015 | 0.42 |
The correlation between SPMO and TD shifts across timeframes, from 0.37 (3 years) to 0.49 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPMO vs. TD — Risk / Return Rank
SPMO
TD
SPMO vs. TD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and The Toronto-Dominion Bank (TD). 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 | TD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.12 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.71 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 9.63 | -6.19 |
| Martin ratioReturn relative to average drawdown | 13.01 | 37.58 | -24.57 |
Loading charts...
Drawdowns
SPMO vs. TD - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum TD drawdown of -64.18%. Use the drawdown chart below to compare losses from any high point for SPMO and TD.
Loading charts...
Drawdown Indicators
| SPMO | TD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.95% | -64.18% | +33.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -7.50% | -5.20% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -19.19% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -22.74% | -30.93% | +8.19% |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | -41.98% | +11.03% |
Current DrawdownCurrent decline from peak | -1.68% | 0.00% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -11.22% | +6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 1.92% | +1.43% |
Volatility
SPMO vs. TD - Volatility Comparison
Invesco S&P 500 Momentum ETF (SPMO) has a higher volatility of 10.29% compared to The Toronto-Dominion Bank (TD) at 5.00%. This indicates that SPMO's price experiences larger fluctuations and is considered to be riskier than TD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPMO | TD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.29% | 5.00% | +5.29% |
Volatility (6M)Calculated over the trailing 6-month period | 16.73% | 12.55% | +4.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.48% | 16.57% | +2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.65% | 19.83% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.48% | 21.72% | -1.24% |
Dividends
SPMO vs. TD - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.67%, less than TD's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TD The Toronto-Dominion Bank | 2.62% | 3.17% | 5.65% | 4.80% | 4.24% | 3.27% | 4.10% | 3.89% | 4.08% | 3.03% | 3.58% | 5.11% |
Frequently Asked Questions
SPMO and TD have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (10.29%) compared to TD (5.00%). In terms of maximum drawdown, SPMO dropped -30.95% vs TD's -64.18%.
TD currently has the higher Sharpe Ratio (4.36 vs 2.24), 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.
Find the right allocation for SPMO and TD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer