SPMO vs. VFMO
Compare and contrast key facts about Invesco S&P 500 Momentum ETF (SPMO) and Vanguard U.S. Momentum Factor ETF (VFMO).
SPMO and VFMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015. VFMO is an actively managed fund by Vanguard. It was launched on Feb 13, 2018.
Performance
SPMO vs. VFMO - Performance Comparison
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SPMO vs. VFMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | -5.78% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -6.31% |
VFMO Vanguard U.S. Momentum Factor ETF | 3.18% | 17.39% | 26.14% | 16.25% | -12.84% | 19.16% | 31.36% | 28.22% | -11.41% |
Returns By Period
In the year-to-date period, SPMO achieves a -5.78% return, which is significantly lower than VFMO's 3.18% return.
SPMO
- 1D
- 3.96%
- 1M
- -5.89%
- YTD
- -5.78%
- 6M
- -6.90%
- 1Y
- 22.23%
- 3Y*
- 28.36%
- 5Y*
- 17.17%
- 10Y*
- 17.16%
VFMO
- 1D
- 4.68%
- 1M
- -5.53%
- YTD
- 3.18%
- 6M
- 3.17%
- 1Y
- 30.98%
- 3Y*
- 21.52%
- 5Y*
- 10.54%
- 10Y*
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SPMO vs. VFMO - Expense Ratio Comparison
Both SPMO and VFMO have an expense ratio of 0.13%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
SPMO vs. VFMO — Risk / Return Rank
SPMO
VFMO
SPMO vs. VFMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and Vanguard U.S. Momentum Factor ETF (VFMO). 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 | VFMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.24 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.76 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.36 | -0.58 |
Martin ratioReturn relative to average drawdown | 6.36 | 9.07 | -2.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPMO | VFMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.24 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.49 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.56 | +0.28 |
Correlation
The correlation between SPMO and VFMO is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SPMO vs. VFMO - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.91%, more than VFMO's 0.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 0.91% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
VFMO Vanguard U.S. Momentum Factor ETF | 0.75% | 0.82% | 0.72% | 0.89% | 1.72% | 0.81% | 0.45% | 1.22% | 0.70% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPMO vs. VFMO - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum VFMO drawdown of -36.77%. Use the drawdown chart below to compare losses from any high point for SPMO and VFMO.
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Drawdown Indicators
| SPMO | VFMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.95% | -36.77% | +5.82% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -13.25% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -22.74% | -25.80% | +3.06% |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | — | — |
Current DrawdownCurrent decline from peak | -9.24% | -6.36% | -2.88% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -7.91% | +3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 3.45% | +0.12% |
Volatility
SPMO vs. VFMO - Volatility Comparison
The current volatility for Invesco S&P 500 Momentum ETF (SPMO) is 6.82%, while Vanguard U.S. Momentum Factor ETF (VFMO) has a volatility of 9.55%. This indicates that SPMO experiences smaller price fluctuations and is considered to be less risky than VFMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMO | VFMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 9.55% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | 17.71% | -5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.68% | 25.05% | -2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.06% | 21.73% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.08% | 23.64% | -3.56% |