SPMO vs. UTHR
SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index, while UTHR (United Therapeutics Corporation) is a stock. Over the past 10 years, SPMO returned 19.57%/yr vs 15.19%/yr for UTHR. Their 0.22 correlation means their historical movements had little consistent relationship.
Performance
SPMO vs. UTHR - Performance Comparison
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Returns By Period
In the year-to-date period, SPMO achieves a 21.07% return, which is significantly higher than UTHR's 6.25% return. Over the past 10 years, SPMO has outperformed UTHR with an annualized return of 19.57%, while UTHR has yielded a comparatively lower 15.19% annualized return.
SPMO
- 1D
- 0.29%
- 1M
- -7.40%
- 6M
- 20.51%
- YTD
- 21.07%
- 1Y
- 25.37%
- 3Y*
- 37.36%
- 5Y*
- 20.21%
- 10Y*
- 19.57%
- ALL TIME*
- 18.93%
UTHR
- 1D
- -1.54%
- 1M
- -5.38%
- 6M
- 10.27%
- YTD
- 6.25%
- 1Y
- 88.46%
- 3Y*
- 29.19%
- 5Y*
- 23.26%
- 10Y*
- 15.19%
- ALL TIME*
- 17.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $331.54M | $346.70M | $350.59M | |
| $217.22M | $211.82M | $269.54M |
SPMO vs. UTHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 21.07% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
UTHR United Therapeutics Corporation | 6.25% | 38.09% | 60.46% | -20.93% | 28.70% | 42.35% | 72.33% | -19.12% | -26.39% | 3.15% |
Correlation
The correlation between SPMO and UTHR is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015 | 0.22 |
Over the past year, the correlation between SPMO and UTHR has dropped to 0.01 - well below their long-term average of 0.22, suggesting their price drivers have been diverging.
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Return for Risk
SPMO vs. UTHR — Risk / Return Rank
SPMO
UTHR
SPMO vs. UTHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and United Therapeutics Corporation (UTHR). 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 | UTHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.49 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 6.71 | -5.09 |
| Martin ratioReturn relative to average drawdown | 5.93 | 15.67 | -9.74 |
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Drawdowns
SPMO vs. UTHR - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum UTHR drawdown of -93.18%. Use the drawdown chart below to compare losses from any high point for SPMO and UTHR.
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Drawdown Indicators
| SPMO | UTHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.95% | -93.18% | +62.23% |
Max Drawdown (1Y)Largest decline over 1 year | -15.64% | -13.25% | -2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -33.00% | +12.87% |
Max Drawdown (5Y)Largest decline over 5 years | -22.74% | -33.00% | +10.26% |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | -55.56% | +24.61% |
Current DrawdownCurrent decline from peak | -11.03% | -13.25% | +2.22% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -35.18% | +30.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 5.66% | -1.37% |
Volatility
SPMO vs. UTHR - Volatility Comparison
Invesco S&P 500 Momentum ETF (SPMO) has a higher volatility of 10.53% compared to United Therapeutics Corporation (UTHR) at 6.09%. This indicates that SPMO's price experiences larger fluctuations and is considered to be riskier than UTHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMO | UTHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.53% | 6.09% | +4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 21.52% | 25.86% | -4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.90% | 47.15% | -23.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.60% | 35.05% | -14.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 34.89% | -13.97% |
Dividends
SPMO vs. UTHR - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.73%, while UTHR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 0.73% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
UTHR United Therapeutics Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPMO and UTHR 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 (10.53%) compared to UTHR (6.09%). In terms of maximum drawdown, SPMO dropped -30.95% vs UTHR's -93.18%.
UTHR currently has the higher Sharpe Ratio (1.89 vs 1.07), 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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