SPOM vs. JMOM

Last updated Jun 4, 2026

SPOM (SPO Global Inc) is a stock, while JMOM (JPMorgan U.S. Momentum Factor ETF) is Momentum fund tracking the JP Morgan US Momentum Factor Index. Over the past 5 years, SPOM returned -62.38%/yr vs 16.28%/yr for JMOM. At a 0.04 correlation, their price movements are largely independent.

Performance

SPOM vs. JMOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPO Global Inc (SPOM) and JPMorgan U.S. Momentum Factor ETF (JMOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPOM achieves a -40.00% return, which is significantly lower than JMOM's 22.79% return.

SPOM

• 1D: 0.00%
• 1M: 0.00%
• YTD: -40.00%
• 6M: -50.00%
• 1Y: -57.14%
• 3Y*: -63.56%
• 5Y*: -62.38%
• 10Y*: -14.87%

JMOM

• 1D: -0.17%
• 1M: 9.35%
• YTD: 22.79%
• 6M: 22.27%
• 1Y: 36.77%
• 3Y*: 28.37%
• 5Y*: 16.28%
• 10Y*: —

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

SPOM vs. JMOM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPOM SPO Global Inc	-40.00%	-73.68%	-17.39%	-83.57%	-16.67%	-70.00%	291.61%	-4.67%	14,900.00%	0.00%
JMOM JPMorgan U.S. Momentum Factor ETF	22.79%	18.02%	28.47%	22.89%	-20.83%	25.03%	29.25%	28.24%	-5.25%	3.32%

Correlation

The correlation between SPOM and JMOM is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (All Time) Calculated using the full available price history since Nov 10, 2017	0.04

The correlation between SPOM and JMOM shifts across timeframes, from -0.00 (3 years) to 0.11 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SPOM vs. JMOM — Risk / Return Rank

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

SPOM

SPOM Risk / Return Rank: 25
SPOM Sharpe Ratio Rank: 25
SPOM Sortino Ratio Rank: 37
SPOM Omega Ratio Rank: 40
SPOM Calmar Ratio Rank: 13
SPOM Martin Ratio Rank: 13

JMOM

JMOM Risk / Return Rank: 81
JMOM Sharpe Ratio Rank: 78
JMOM Sortino Ratio Rank: 77
JMOM Omega Ratio Rank: 74
JMOM Calmar Ratio Rank: 85
JMOM Martin Ratio Rank: 91

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.

SPOM vs. JMOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPO Global Inc (SPOM) and JPMorgan U.S. Momentum Factor ETF (JMOM). 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.

	SPOM	JMOM	Difference
Sharpe ratio: Return per unit of total volatility	-0.38	2.58	-2.96
Sortino ratio: Return per unit of downside risk	0.26	3.54	-3.28
Omega ratio: Gain probability vs. loss probability	1.05	1.45	-0.40
Calmar ratio: Return relative to maximum drawdown	-0.76	4.69	-5.46
Martin ratio: Return relative to average drawdown	-1.26	22.24	-23.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPOM vs. JMOM - Sharpe Ratio Comparison

The current SPOM Sharpe Ratio is -0.38, which is lower than the JMOM Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of SPOM and JMOM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPOM	JMOM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.38	2.58	-2.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	0.88	-1.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.82	-0.82

Drawdowns

SPOM vs. JMOM - Drawdown Comparison

The maximum SPOM drawdown since its inception was -99.96%, which is greater than JMOM's maximum drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for SPOM and JMOM.

Drawdown Indicators

	SPOM	JMOM	Difference
Max Drawdown Largest peak-to-trough decline	-99.96%	-34.31%	-65.65%
Max Drawdown (1Y) Largest decline over 1 year	-75.00%	-7.87%	-67.13%
Max Drawdown (3Y) Largest decline over 3 years	-96.53%	-19.51%	-77.02%
Max Drawdown (5Y) Largest decline over 5 years	-99.55%	-28.26%	-71.29%
Max Drawdown (10Y) Largest decline over 10 years	-99.96%	—	—
Current Drawdown Current decline from peak	-99.95%	-0.17%	-99.78%
Average Drawdown Average peak-to-trough decline	-87.13%	-6.32%	-80.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.34%	1.66%	+43.68%

Volatility

SPOM vs. JMOM - Volatility Comparison

The current volatility for SPO Global Inc (SPOM) is 0.00%, while JPMorgan U.S. Momentum Factor ETF (JMOM) has a volatility of 4.62%. This indicates that SPOM experiences smaller price fluctuations and is considered to be less risky than JMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPOM	JMOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	4.62%	-4.62%
Volatility (6M) Calculated over the trailing 6-month period	113.16%	11.55%	+101.61%
Volatility (1Y) Calculated over the trailing 1-year period	149.79%	14.32%	+135.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	174.43%	18.65%	+155.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6,884.47%	20.13%	+6,864.34%

Dividends

SPOM vs. JMOM - Dividend Comparison

SPOM has not paid dividends to shareholders, while JMOM's dividend yield for the trailing twelve months is around 0.71%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMOM JPMorgan U.S. Momentum Factor ETF	0.71%	0.86%	0.75%	1.21%	1.39%	0.64%	0.85%	1.11%	1.38%	0.29%
SPOM SPO Global Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPOM and JMOM in my portfolio?

SPOM and JMOM have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPOM or JMOM?

JMOM has higher volatility (4.62%) compared to SPOM (0.00%). In terms of maximum drawdown, SPOM dropped -99.96% vs JMOM's -34.31%.

Which has better risk-adjusted returns?

JMOM currently has the higher Sharpe Ratio (2.58 vs -0.38), 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.