SPVM vs. FMTM

Last updated Jun 23, 2026

SPVM (Invesco S&P 500 Value with Momentum ETF) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both Momentum funds. SPVM is passively managed, while FMTM is actively managed. Over the past year, SPVM returned 29.65% vs 68.30% for FMTM. A 0.53 correlation means they provide meaningful diversification when combined. SPVM charges 0.39%/yr vs 0.45%/yr for FMTM.

Performance

SPVM vs. FMTM - 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 MarketDesk Focused U.S. Momentum ETF (FMTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPVM achieves a 9.10% return, which is significantly lower than FMTM's 35.17% return.

SPVM

• 1D: 0.76%
• 1M: 1.83%
• YTD: 9.10%
• 6M: 8.06%
• 1Y: 29.65%
• 3Y*: 18.95%
• 5Y*: 11.16%
• 10Y*: 12.26%

FMTM

• 1D: 2.21%
• 1M: 8.01%
• YTD: 35.17%
• 6M: 32.77%
• 1Y: 68.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPVM vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
SPVM Invesco S&P 500 Value with Momentum ETF	9.10%	20.48%
FMTM MarketDesk Focused U.S. Momentum ETF	35.17%	28.21%

Correlation

The correlation between SPVM and FMTM is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.53

The correlation between SPVM and FMTM has been stable across timeframes, ranging from 0.50 to 0.53 - a consistent structural relationship.

Return for Risk

SPVM vs. FMTM — Risk / Return Rank

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

SPVM

SPVM Risk / Return Rank: 84
SPVM Sharpe Ratio Rank: 83
SPVM Sortino Ratio Rank: 86
SPVM Omega Ratio Rank: 78
SPVM Calmar Ratio Rank: 85
SPVM Martin Ratio Rank: 85

FMTM

FMTM Risk / Return Rank: 87
FMTM Sharpe Ratio Rank: 89
FMTM Sortino Ratio Rank: 81
FMTM Omega Ratio Rank: 82
FMTM Calmar Ratio Rank: 92
FMTM Martin Ratio Rank: 92

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. FMTM - 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 MarketDesk Focused U.S. Momentum ETF (FMTM). 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.

	SPVM	FMTM	Difference
Sharpe ratio: Return per unit of total volatility	2.56	2.86	-0.30
Sortino ratio: Return per unit of downside risk	3.67	3.43	+0.24
Omega ratio: Gain probability vs. loss probability	1.44	1.47	-0.02
Calmar ratio: Return relative to maximum drawdown	4.53	5.66	-1.13
Martin ratio: Return relative to average drawdown	17.20	21.64	-4.44

SPVM vs. FMTM - Sharpe Ratio Comparison

The current SPVM Sharpe Ratio is 2.56, which is comparable to the FMTM Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of SPVM and FMTM, 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

SPVM vs. FMTM - Drawdown Comparison

The maximum SPVM drawdown since its inception was -45.35%, which is greater than FMTM's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for SPVM and FMTM.

Drawdown Indicators

	SPVM	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-45.35%	-12.12%	-33.23%
Max Drawdown (1Y) Largest decline over 1 year	-6.57%	-12.12%	+5.55%
Max Drawdown (3Y) Largest decline over 3 years	-18.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.35%	—	—
Current Drawdown Current decline from peak	-1.62%	0.00%	-1.62%
Average Drawdown Average peak-to-trough decline	-4.98%	-1.90%	-3.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	3.17%	-1.44%

Volatility

SPVM vs. FMTM - Volatility Comparison

The current volatility for Invesco S&P 500 Value with Momentum ETF (SPVM) is 3.21%, while MarketDesk Focused U.S. Momentum ETF (FMTM) has a volatility of 8.52%. This indicates that SPVM experiences smaller price fluctuations and is considered to be less risky than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPVM	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	8.52%	-5.31%
Volatility (6M) Calculated over the trailing 6-month period	7.68%	18.74%	-11.06%
Volatility (1Y) Calculated over the trailing 1-year period	11.64%	24.04%	-12.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.74%	23.49%	-6.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.58%	23.49%	-3.91%

SPVM vs. FMTM - Expense Ratio Comparison

SPVM has a 0.39% expense ratio, which is lower than FMTM's 0.45% expense ratio.

Dividends

SPVM vs. FMTM - Dividend Comparison

SPVM's dividend yield for the trailing twelve months is around 2.39%, more than FMTM's 0.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMTM MarketDesk Focused U.S. Momentum ETF	0.22%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPVM Invesco S&P 500 Value with Momentum ETF	2.39%	2.02%	1.91%	2.45%	2.33%	1.41%	2.11%	2.40%	3.10%	1.68%	2.80%	2.67%

Frequently Asked Questions

Can I hold both SPVM and FMTM in my portfolio?

SPVM and FMTM have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPVM or FMTM?

FMTM has higher volatility (8.52%) compared to SPVM (3.21%). In terms of maximum drawdown, SPVM dropped -45.35% vs FMTM's -12.12%.

Which ETF is better, SPVM or FMTM?

On 1-year performance, FMTM leads with 68.30% vs 29.65% for SPVM. On fees, SPVM is cheaper at 0.39% per year. On volatility, SPVM has been the lower-risk option at 3.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPVM or FMTM?

Over the 1-year period, FMTM has performed better with a 68.30% return vs 29.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPVM or FMTM?

SPVM is cheaper with a 0.39% expense ratio, compared with 0.45% for FMTM.

Which ETF pays a higher dividend yield, SPVM or FMTM?

SPVM has the higher dividend yield at 2.39%, compared with 0.22% for FMTM.

What is the main difference between SPVM and FMTM?

Their fees differ too: 0.39% for SPVM and 0.45% for FMTM.

Which has better risk-adjusted returns?

FMTM currently has the higher Sharpe Ratio (2.86 vs 2.56), 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.