SPVM vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P 500 Value with Momentum ETF (SPVM) and S&P 500 Index (^GSPC).

SPVM is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Momentum Value Index. It was launched on Jun 16, 2011.

Performance

SPVM vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Value with Momentum ETF (SPVM) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

SPVM vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPVM Invesco S&P 500 Value with Momentum ETF	2.48%	20.47%	15.64%	5.53%	-2.10%	28.86%	-3.18%	29.33%	-9.17%	14.70%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, SPVM achieves a 2.48% return, which is significantly higher than ^GSPC's -3.95% return. Over the past 10 years, SPVM has underperformed ^GSPC with an annualized return of 11.62%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

SPVM

• 1D: 0.28%
• 1M: -3.84%
• YTD: 2.48%
• 6M: 6.70%
• 1Y: 23.16%
• 3Y*: 15.82%
• 5Y*: 10.59%
• 10Y*: 11.62%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

SPVM vs. ^GSPC — Risk / Return Rank

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

SPVM

SPVM Risk / Return Rank: 74
SPVM Sharpe Ratio Rank: 75
SPVM Sortino Ratio Rank: 75
SPVM Omega Ratio Rank: 73
SPVM Calmar Ratio Rank: 70
SPVM Martin Ratio Rank: 77

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

SPVM vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Value with Momentum ETF (SPVM) and S&P 500 Index (^GSPC). 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.

	SPVM	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.40	0.92	+0.48
Sortino ratio Return per unit of downside risk	1.97	1.41	+0.56
Omega ratio Gain probability vs. loss probability	1.28	1.21	+0.07
Calmar ratio Return relative to maximum drawdown	1.86	1.41	+0.45
Martin ratio Return relative to average drawdown	8.70	6.61	+2.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPVM vs. ^GSPC - Sharpe Ratio Comparison

The current SPVM Sharpe Ratio is 1.40, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of SPVM and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPVM	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	0.92	+0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.61	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.68	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.46	+0.15

Correlation

The correlation between SPVM and ^GSPC is 0.73, 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.

Drawdowns

SPVM vs. ^GSPC - Drawdown Comparison

The maximum SPVM drawdown since its inception was -45.35%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SPVM and ^GSPC.

Drawdown Indicators

	SPVM	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-45.35%	-56.78%	+11.43%
Max Drawdown (1Y) Largest decline over 1 year	-12.37%	-12.14%	-0.23%
Max Drawdown (5Y) Largest decline over 5 years	-19.48%	-25.43%	+5.95%
Max Drawdown (10Y) Largest decline over 10 years	-45.35%	-33.92%	-11.43%
Current Drawdown Current decline from peak	-4.08%	-5.78%	+1.70%
Average Drawdown Average peak-to-trough decline	-5.03%	-10.75%	+5.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	2.60%	+0.05%

Volatility

SPVM vs. ^GSPC - Volatility Comparison

The current volatility for Invesco S&P 500 Value with Momentum ETF (SPVM) is 3.49%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. This indicates that SPVM experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPVM	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	5.37%	-1.88%
Volatility (6M) Calculated over the trailing 6-month period	8.54%	9.55%	-1.01%
Volatility (1Y) Calculated over the trailing 1-year period	16.65%	18.33%	-1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.85%	16.90%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.58%	18.05%	+1.53%