SPMO vs. WLDR

Last updated Jul 12, 2026

SPMO (Invesco S&P 500 Momentum ETF) and WLDR (Affinity World Leaders Equity ETF) are both exchange-traded funds - SPMO is a Momentum fund tracking the S&P 500 Momentum Index, while WLDR is a Global Equities fund tracking the Thomson Reuters StarMine Affinity World Leaders Index. Both are passively managed. Over the past 5 years, SPMO returned 21.93%/yr vs 18.46%/yr for WLDR. A 0.63 correlation means they provide meaningful diversification when combined. SPMO charges 0.13%/yr vs 0.67%/yr for WLDR.

Performance

SPMO vs. WLDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Momentum ETF (SPMO) and Affinity World Leaders Equity ETF (WLDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SPMO having a 29.42% return and WLDR slightly higher at 29.78%.

SPMO

• 1D: 0.44%
• 1M: 2.26%
• 6M: 28.65%
• YTD: 29.42%
• 1Y: 38.22%
• 3Y*: 41.45%
• 5Y*: 21.93%
• 10Y*: 20.98%

WLDR

• 1D: -0.20%
• 1M: 1.35%
• 6M: 25.70%
• YTD: 29.78%
• 1Y: 50.96%
• 3Y*: 30.20%
• 5Y*: 18.46%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPMO vs. WLDR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SPMO Invesco S&P 500 Momentum ETF	29.42%	26.58%	45.82%	17.56%	-10.45%	22.64%	28.25%	25.93%	-5.71%
WLDR Affinity World Leaders Equity ETF	29.78%	31.24%	22.74%	18.93%	-10.44%	26.77%	-1.93%	21.54%	-18.38%

Correlation

The correlation between SPMO and WLDR is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jan 17, 2018	0.63

The correlation between SPMO and WLDR shifts across timeframes, from 0.63 (all time) to 0.74 (5 years), reflecting how their relationship changes across market environments.

SPMO vs. WLDR - Sectors Allocation Comparison

Sectors	SPMO	WLDR
Technology	55.0%	37.0%
Industrials	10.9%	8.1%
Communication Services	8.1%	10.1%
Healthcare	6.6%	8.0%
Financial Services	5.7%	12.2%
Consumer Defensive	3.9%	7.9%
Energy	2.8%	3.8%
Utilities	2.7%	2.4%
Basic Materials	1.8%	3.1%
Consumer Cyclical	1.1%	5.9%
Real Estate	1.0%	1.6%

Return for Risk

SPMO vs. WLDR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPMO

SPMO Risk / Return Rank: 68
SPMO Sharpe Ratio Rank: 66
SPMO Sortino Ratio Rank: 62
SPMO Omega Ratio Rank: 68
SPMO Calmar Ratio Rank: 74
SPMO Martin Ratio Rank: 73

WLDR

WLDR Risk / Return Rank: 94
WLDR Sharpe Ratio Rank: 95
WLDR Sortino Ratio Rank: 94
WLDR Omega Ratio Rank: 92
WLDR Calmar Ratio Rank: 94
WLDR Martin Ratio Rank: 94

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. WLDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and Affinity World Leaders Equity ETF (WLDR). 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	WLDR	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.96	-1.23
Sortino ratio: Return per unit of downside risk	2.32	3.93	-1.61
Omega ratio: Gain probability vs. loss probability	1.32	1.50	-0.17
Calmar ratio: Return relative to maximum drawdown	3.00	5.66	-2.66
Martin ratio: Return relative to average drawdown	10.76	21.25	-10.49

SPMO vs. WLDR - Sharpe Ratio Comparison

The current SPMO Sharpe Ratio is 1.73, which is lower than the WLDR Sharpe Ratio of 2.96. The chart below compares the historical Sharpe Ratios of SPMO and WLDR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPMO vs. WLDR - Drawdown Comparison

The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum WLDR drawdown of -44.69%. Use the drawdown chart below to compare losses from any high point for SPMO and WLDR.

Drawdown Indicators

	SPMO	WLDR	Difference
Max Drawdown Largest peak-to-trough decline	-30.95%	-44.69%	+13.74%
Max Drawdown (1Y) Largest decline over 1 year	-12.70%	-8.86%	-3.84%
Max Drawdown (3Y) Largest decline over 3 years	-20.13%	-20.30%	+0.17%
Max Drawdown (5Y) Largest decline over 5 years	-22.74%	-23.77%	+1.03%
Max Drawdown (10Y) Largest decline over 10 years	-30.95%	—	—
Current Drawdown Current decline from peak	-4.89%	-2.35%	-2.54%
Average Drawdown Average peak-to-trough decline	-4.59%	-8.55%	+3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	2.36%	+1.17%

Volatility

SPMO vs. WLDR - Volatility Comparison

Invesco S&P 500 Momentum ETF (SPMO) has a higher volatility of 12.52% compared to Affinity World Leaders Equity ETF (WLDR) at 7.56%. This indicates that SPMO's price experiences larger fluctuations and is considered to be riskier than WLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPMO	WLDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.52%	7.56%	+4.96%
Volatility (6M) Calculated over the trailing 6-month period	19.60%	14.14%	+5.46%
Volatility (1Y) Calculated over the trailing 1-year period	22.01%	16.93%	+5.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.20%	17.52%	+2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.77%	21.03%	-0.26%

SPMO vs. WLDR - Expense Ratio Comparison

SPMO has a 0.13% expense ratio, which is lower than WLDR's 0.67% expense ratio.

Dividends

SPMO vs. WLDR - Dividend Comparison

SPMO's dividend yield for the trailing twelve months is around 0.68%, less than WLDR's 7.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPMO Invesco S&P 500 Momentum ETF	0.68%	0.73%	0.48%	1.63%	1.66%	0.52%	1.27%	1.39%	1.05%	0.77%	1.94%	0.36%
WLDR Affinity World Leaders Equity ETF	7.17%	9.01%	13.99%	2.28%	2.10%	7.55%	1.80%	2.48%	2.82%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPMO and WLDR in my portfolio?

SPMO and WLDR have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPMO or WLDR?

SPMO has higher volatility (12.52%) compared to WLDR (7.56%). In terms of maximum drawdown, SPMO dropped -30.95% vs WLDR's -44.69%.

Which ETF is better, SPMO or WLDR?

On 5-year performance, SPMO leads with 21.93% vs 18.46% for WLDR. On fees, SPMO is cheaper at 0.13% per year. On volatility, WLDR has been the lower-risk option at 7.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPMO or WLDR?

Over the 5-year period, SPMO has performed better with a 21.93% return vs 18.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPMO or WLDR?

SPMO is cheaper with a 0.13% expense ratio, compared with 0.67% for WLDR.

Which ETF pays a higher dividend yield, SPMO or WLDR?

WLDR has the higher dividend yield at 7.17%, compared with 0.68% for SPMO.

What is the main difference between SPMO and WLDR?

SPMO is categorized as Momentum, while WLDR is Global Equities. SPMO tracks S&P 500 Momentum Index, while WLDR tracks Thomson Reuters StarMine Affinity World Leaders Index. They also come from different issuers: Invesco and Regents Park Funds. Their fees differ too: 0.13% for SPMO and 0.67% for WLDR.

Which has better risk-adjusted returns?

WLDR currently has the higher Sharpe Ratio (2.96 vs 1.73), 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.