SPMO vs. XLRE
SPMO (Invesco S&P 500 Momentum ETF) and XLRE (Real Estate Select Sector SPDR Fund) are both exchange-traded funds - SPMO is a Momentum fund tracking the S&P 500 Momentum Index, while XLRE is a REIT fund tracking the Real Estate Select Sector Index. Both are passively managed. Over the past 10 years, SPMO returned 21.24%/yr vs 6.91%/yr for XLRE. At a 0.41 correlation, their price movements are largely independent. Both charge a 0.13% expense ratio.
Performance
SPMO vs. XLRE - Performance Comparison
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Returns By Period
In the year-to-date period, SPMO achieves a 32.66% return, which is significantly higher than XLRE's 12.25% return. Over the past 10 years, SPMO has outperformed XLRE with an annualized return of 21.24%, while XLRE has yielded a comparatively lower 6.91% annualized return.
SPMO
- 1D
- 3.52%
- 1M
- 10.01%
- YTD
- 32.66%
- 6M
- 33.70%
- 1Y
- 50.00%
- 3Y*
- 43.16%
- 5Y*
- 24.34%
- 10Y*
- 21.24%
XLRE
- 1D
- -0.82%
- 1M
- 4.07%
- YTD
- 12.25%
- 6M
- 11.92%
- 1Y
- 11.14%
- 3Y*
- 9.79%
- 5Y*
- 3.41%
- 10Y*
- 6.91%
SPMO vs. XLRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 32.66% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
XLRE Real Estate Select Sector SPDR Fund | 12.25% | 2.63% | 5.09% | 12.36% | -26.25% | 46.10% | -2.18% | 28.68% | -2.39% | 10.69% |
Correlation
The correlation between SPMO and XLRE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015 | 0.41 |
Over the past year, the correlation between SPMO and XLRE has dropped to 0.14 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
SPMO vs. XLRE — Risk / Return Rank
SPMO
XLRE
SPMO vs. XLRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) and Real Estate Select Sector SPDR Fund (XLRE). 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 | XLRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.15 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 1.34 | +2.61 |
| Martin ratioReturn relative to average drawdown | 14.96 | 3.69 | +11.27 |
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Drawdowns
SPMO vs. XLRE - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum XLRE drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for SPMO and XLRE.
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Drawdown Indicators
| SPMO | XLRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.95% | -38.83% | +7.88% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -8.33% | -4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -16.74% | -3.39% |
Max Drawdown (5Y)Largest decline over 5 years | -22.74% | -34.12% | +11.38% |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | -38.83% | +7.88% |
Current DrawdownCurrent decline from peak | 0.00% | -0.82% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -9.58% | +4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 3.03% | +0.32% |
Volatility
SPMO vs. XLRE - Volatility Comparison
Invesco S&P 500 Momentum ETF (SPMO) has a higher volatility of 10.78% compared to Real Estate Select Sector SPDR Fund (XLRE) at 4.83%. This indicates that SPMO's price experiences larger fluctuations and is considered to be riskier than XLRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMO | XLRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.78% | 4.83% | +5.95% |
Volatility (6M)Calculated over the trailing 6-month period | 17.04% | 10.23% | +6.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.78% | 13.85% | +5.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.71% | 19.11% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.52% | 20.43% | +0.09% |
SPMO vs. XLRE - Expense Ratio Comparison
Both SPMO and XLRE 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%.
Dividends
SPMO vs. XLRE - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.64%, less than XLRE's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 0.64% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
XLRE Real Estate Select Sector SPDR Fund | 3.11% | 3.45% | 3.43% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% |
Frequently Asked Questions
SPMO and XLRE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (10.78%) compared to XLRE (4.83%). In terms of maximum drawdown, SPMO dropped -30.95% vs XLRE's -38.83%.
On 10-year performance, SPMO leads with 21.24% vs 6.91% for XLRE. Both ETFs have the same 0.13% expense ratio. On volatility, XLRE has been the lower-risk option at 4.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPMO has performed better with a 21.24% return vs 6.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMO and XLRE have the same expense ratio: 0.13% per year.
XLRE has the higher dividend yield at 3.11%, compared with 0.64% for SPMO.
SPMO is categorized as Momentum, while XLRE is REIT. SPMO tracks S&P 500 Momentum Index, while XLRE tracks Real Estate Select Sector Index. They also come from different issuers: Invesco and State Street.
SPMO currently has the higher Sharpe Ratio (2.55 vs 0.81), 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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