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SPMO vs. VDY.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPMO vs. VDY.TO

Last updated Jun 14, 2026

SPMO (Invesco S&P 500 Momentum ETF) and VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) are both exchange-traded funds - SPMO is a Momentum fund tracking the S&P 500 Momentum Index, while VDY.TO is a Dividend fund tracking the FTSE Canada High Dividend Yield Index. Both are passively managed. Over the past 10 years, SPMO returned 20.86%/yr vs 13.61%/yr for VDY.TO. At a 0.37 correlation, their price movements are largely independent. SPMO charges 0.13%/yr vs 0.22%/yr for VDY.TO.

Performance

SPMO vs. VDY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Momentum ETF (SPMO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SPMO is traded in USD, while VDY.TO is traded in CAD. To make them comparable, the VDY.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPMO achieves a 28.15% return, which is significantly higher than VDY.TO's 21.35% return. Over the past 10 years, SPMO has outperformed VDY.TO with an annualized return of 20.86%, while VDY.TO has yielded a comparatively lower 13.61% annualized return.

SPMO

1D
1.26%
1M
3.36%
YTD
28.15%
6M
28.70%
1Y
44.90%
3Y*
41.53%
5Y*
23.50%
10Y*
20.86%

VDY.TO

1D
0.47%
1M
3.28%
YTD
21.35%
6M
21.69%
1Y
45.54%
3Y*
25.54%
5Y*
14.55%
10Y*
13.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPMO vs. VDY.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		21.35%35.39%11.96%11.05%-6.18%36.67%1.03%26.64%-17.06%16.18%

Correlation

The correlation between SPMO and VDY.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.29

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

0.38

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

0.45

Correlation (10Y)
Calculated over the trailing 10-year period

0.38

Correlation (All Time)
Calculated using the full available price history since Oct 12, 2015

0.37

The correlation between SPMO and VDY.TO shifts across timeframes, from 0.29 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.

SPMO vs. VDY.TO - Sectors Allocation Comparison

Sectors
SPMO
VDY.TO

Technology

54.9%
0.4%

Industrials

11.1%
0.2%

Communication Services

8.2%
2.8%

Healthcare

6.4%
0.1%

Financial Services

5.9%
56.0%

Consumer Defensive

4.1%
0.4%

Energy

3.1%
30.8%

Utilities

2.5%
4.1%

Basic Materials

1.5%
2.2%

Consumer Cyclical

1.2%
3.0%

Real Estate

1.0%

-

Technology

SPMO
54.9%
VDY.TO
0.4%

Industrials

SPMO
11.1%
VDY.TO
0.2%

Communication Services

SPMO
8.2%
VDY.TO
2.8%

Healthcare

SPMO
6.4%
VDY.TO
0.1%

Financial Services

SPMO
5.9%
VDY.TO
56.0%

Consumer Defensive

SPMO
4.1%
VDY.TO
0.4%

Energy

SPMO
3.1%
VDY.TO
30.8%

Utilities

SPMO
2.5%
VDY.TO
4.1%

Basic Materials

SPMO
1.5%
VDY.TO
2.2%

Consumer Cyclical

SPMO
1.2%
VDY.TO
3.0%

Real Estate

SPMO
1.0%
VDY.TO

-

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

Vanguard FTSE Canadian High Dividend Yield Index ETF

Often compared with SPMO:
SPMO vs. VOOSPMO vs. QQQSPMO vs. SCHGSPMO vs. MTUMSPMO vs. VUGSPMO vs. VFMOSPMO vs. XMMO
Often compared with VDY.TO:
VDY.TO vs. XEI.TOVDY.TO vs. XDIV.TOVDY.TO vs. VCN.TOVDY.TO vs. SCHDVDY.TO vs. XIC.TOVDY.TO vs. VCE.TOVDY.TO vs. ZDV.TO

Return for Risk

SPMO vs. VDY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPMO
SPMO Risk / Return Rank: 7979
Overall Rank
SPMO Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
SPMO Sortino Ratio Rank: 7878
Sortino Ratio Rank
SPMO Omega Ratio Rank: 8080
Omega Ratio Rank
SPMO Calmar Ratio Rank: 7777
Calmar Ratio Rank
SPMO Martin Ratio Rank: 7878
Martin Ratio Rank
VDY.TO
VDY.TO Risk / Return Rank: 9898
Overall Rank
VDY.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
VDY.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
VDY.TO Omega Ratio Rank: 9898
Omega Ratio Rank
VDY.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
VDY.TO Martin Ratio Rank: 9898
Martin Ratio Rank
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. VDY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO). 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.

SPMOVDY.TODifference
Sharpe ratioReturn per unit of total volatility
2.24
4.99

-2.75

Sortino ratioReturn per unit of downside risk
2.98
6.89

-3.91

Omega ratioGain probability vs. loss probability

1.41

1.94

-0.53

Calmar ratioReturn relative to maximum drawdown

3.44

12.92

-9.48

Martin ratioReturn relative to average drawdown

13.01

44.56

-31.55

SPMO vs. VDY.TO - Sharpe Ratio Comparison

The current SPMO Sharpe Ratio is 2.24, which is lower than the VDY.TO Sharpe Ratio of 4.99. The chart below compares the historical Sharpe Ratios of SPMO and VDY.TO, 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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Drawdowns

SPMO vs. VDY.TO - Drawdown Comparison

The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum VDY.TO drawdown of -44.42%. Use the drawdown chart below to compare losses from any high point for SPMO and VDY.TO.

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Drawdown Indicators

SPMOVDY.TODifference

Max Drawdown

Largest peak-to-trough decline

-30.95%

-44.42%

+13.47%

Max Drawdown (1Y)

Largest decline over 1 year

-12.70%

-3.59%

-9.11%

Max Drawdown (3Y)

Largest decline over 3 years

-20.13%

-12.92%

-7.21%

Max Drawdown (5Y)

Largest decline over 5 years

-22.74%

-23.69%

+0.95%

Max Drawdown (10Y)

Largest decline over 10 years

-30.95%

-44.42%

+13.47%

Current Drawdown

Current decline from peak

-1.68%

0.00%

-1.68%

Average Drawdown

Average peak-to-trough decline

-4.60%

-8.79%

+4.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.35%

1.04%

+2.31%

Volatility

SPMO vs. VDY.TO - Volatility Comparison

Invesco S&P 500 Momentum ETF (SPMO) has a higher volatility of 10.29% compared to Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) at 3.14%. This indicates that SPMO's price experiences larger fluctuations and is considered to be riskier than VDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPMOVDY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

10.29%

3.14%

+7.15%

Volatility (6M)

Calculated over the trailing 6-month period

16.73%

7.41%

+9.32%

Volatility (1Y)

Calculated over the trailing 1-year period

19.48%

9.31%

+10.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.65%

13.44%

+6.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.48%

17.45%

+3.03%

SPMO vs. VDY.TO - Expense Ratio Comparison

SPMO has a 0.13% expense ratio, which is lower than VDY.TO's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SPMO vs. VDY.TO - Dividend Comparison

SPMO's dividend yield for the trailing twelve months is around 0.67%, less than VDY.TO's 2.83% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		2.83%3.59%4.37%4.64%4.42%3.46%4.59%4.25%4.44%3.42%3.25%4.11%

Frequently Asked Questions

SPMO and VDY.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

SPMO is cheaper with a 0.13% expense ratio, compared with 0.22% for VDY.TO.

SPMO is categorized as Momentum, while VDY.TO is Dividend. SPMO tracks S&P 500 Momentum Index, while VDY.TO tracks FTSE Canada High Dividend Yield Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.13% for SPMO and 0.22% for VDY.TO.

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