SPVM vs. IMOM

Last updated Jun 25, 2026

SPVM (Invesco S&P 500 Value with Momentum ETF) and IMOM (Alpha Architect International Quantitative Momentum ETF) are both Momentum funds - SPVM tracks the S&P 500 High Momentum Value Index while IMOM tracks the Alpha Architect Intern.Quan. Mome. (USD)(TR). Both are passively managed. Over the past 10 years, SPVM returned 12.38%/yr vs 7.32%/yr for IMOM. At a 0.48 correlation, their price movements are largely independent. SPVM charges 0.39%/yr vs 0.38%/yr for IMOM.

Performance

SPVM vs. IMOM - 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 Alpha Architect International Quantitative Momentum ETF (IMOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPVM achieves a 10.28% return, which is significantly lower than IMOM's 13.16% return. Over the past 10 years, SPVM has outperformed IMOM with an annualized return of 12.38%, while IMOM has yielded a comparatively lower 7.32% annualized return.

SPVM

• 1D: 0.31%
• 1M: 2.93%
• YTD: 10.28%
• 6M: 8.91%
• 1Y: 28.46%
• 3Y*: 19.37%
• 5Y*: 11.00%
• 10Y*: 12.38%

IMOM

• 1D: -0.56%
• 1M: -3.84%
• YTD: 13.16%
• 6M: 12.20%
• 1Y: 34.06%
• 3Y*: 23.08%
• 5Y*: 7.91%
• 10Y*: 7.32%

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

SPVM vs. IMOM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPVM Invesco S&P 500 Value with Momentum ETF	10.28%	20.47%	15.64%	5.53%	-2.10%	28.86%	-3.18%	29.33%	-9.17%	14.70%
IMOM Alpha Architect International Quantitative Momentum ETF	13.16%	47.20%	5.22%	9.15%	-21.92%	-0.75%	28.39%	18.26%	-23.07%	34.83%

Correlation

The correlation between SPVM and IMOM is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.48

The correlation between SPVM and IMOM shifts across timeframes, from 0.41 (1 year) to 0.56 (5 years), reflecting how their relationship changes across market environments.

SPVM vs. IMOM - Sectors Allocation Comparison

Sectors	SPVM	IMOM
Financial Services	36.0%	4.2%
Utilities	13.8%	10.7%
Energy	8.6%	10.3%
Consumer Defensive	7.6%	-
Consumer Cyclical	6.8%	1.7%
Communication Services	6.6%	6.3%
Technology	6.2%	18.7%
Healthcare	6.2%	3.3%
Industrials	4.5%	31.2%
Basic Materials	1.9%	14.5%
Real Estate	1.9%	4.2%

Return for Risk

SPVM vs. IMOM — Risk / Return Rank

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

SPVM

SPVM Risk / Return Rank: 85
SPVM Sharpe Ratio Rank: 85
SPVM Sortino Ratio Rank: 88
SPVM Omega Ratio Rank: 81
SPVM Calmar Ratio Rank: 86
SPVM Martin Ratio Rank: 87

IMOM

IMOM Risk / Return Rank: 53
IMOM Sharpe Ratio Rank: 55
IMOM Sortino Ratio Rank: 52
IMOM Omega Ratio Rank: 55
IMOM Calmar Ratio Rank: 49
IMOM Martin Ratio Rank: 56

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. IMOM - 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 Alpha Architect International Quantitative Momentum ETF (IMOM). 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	IMOM	Difference
Sharpe ratio: Return per unit of total volatility	2.47	1.65	+0.82
Sortino ratio: Return per unit of downside risk	3.54	2.28	+1.26
Omega ratio: Gain probability vs. loss probability	1.43	1.31	+0.12
Calmar ratio: Return relative to maximum drawdown	4.35	2.19	+2.16
Martin ratio: Return relative to average drawdown	16.50	8.72	+7.78

SPVM vs. IMOM - Sharpe Ratio Comparison

The current SPVM Sharpe Ratio is 2.47, which is higher than the IMOM Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of SPVM and IMOM, 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. IMOM - Drawdown Comparison

The maximum SPVM drawdown since its inception was -45.35%, roughly equal to the maximum IMOM drawdown of -45.74%. Use the drawdown chart below to compare losses from any high point for SPVM and IMOM.

Drawdown Indicators

	SPVM	IMOM	Difference
Max Drawdown Largest peak-to-trough decline	-45.35%	-45.74%	+0.39%
Max Drawdown (1Y) Largest decline over 1 year	-6.57%	-15.61%	+9.04%
Max Drawdown (3Y) Largest decline over 3 years	-18.66%	-17.51%	-1.15%
Max Drawdown (5Y) Largest decline over 5 years	-19.48%	-39.27%	+19.79%
Max Drawdown (10Y) Largest decline over 10 years	-45.35%	-45.74%	+0.39%
Current Drawdown Current decline from peak	-0.56%	-6.49%	+5.93%
Average Drawdown Average peak-to-trough decline	-4.97%	-14.12%	+9.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	3.92%	-2.19%

Volatility

SPVM vs. IMOM - Volatility Comparison

The current volatility for Invesco S&P 500 Value with Momentum ETF (SPVM) is 3.14%, while Alpha Architect International Quantitative Momentum ETF (IMOM) has a volatility of 8.36%. This indicates that SPVM experiences smaller price fluctuations and is considered to be less risky than IMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPVM	IMOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.14%	8.36%	-5.22%
Volatility (6M) Calculated over the trailing 6-month period	7.71%	18.21%	-10.50%
Volatility (1Y) Calculated over the trailing 1-year period	11.58%	20.71%	-9.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.74%	20.06%	-3.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.55%	20.28%	-0.73%

SPVM vs. IMOM - Expense Ratio Comparison

SPVM has a 0.39% expense ratio, which is higher than IMOM's 0.38% expense ratio.

Dividends

SPVM vs. IMOM - Dividend Comparison

SPVM's dividend yield for the trailing twelve months is around 2.01%, less than IMOM's 2.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMOM Alpha Architect International Quantitative Momentum ETF	2.23%	2.53%	4.52%	2.95%	6.06%	1.27%	0.59%	1.17%	0.78%	1.11%	0.54%	0.00%
SPVM Invesco S&P 500 Value with Momentum ETF	2.01%	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 IMOM in my portfolio?

SPVM and IMOM have a correlation of 0.41, 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 IMOM?

IMOM has higher volatility (8.36%) compared to SPVM (3.14%). In terms of maximum drawdown, SPVM dropped -45.35% vs IMOM's -45.74%.

Which ETF is better, SPVM or IMOM?

On 10-year performance, SPVM leads with 12.38% vs 7.32% for IMOM. On fees, IMOM is cheaper at 0.38% per year. On volatility, SPVM has been the lower-risk option at 3.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPVM or IMOM?

Over the 10-year period, SPVM has performed better with a 12.38% return vs 7.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPVM or IMOM?

IMOM is cheaper with a 0.38% expense ratio, compared with 0.39% for SPVM.

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

IMOM has the higher dividend yield at 2.23%, compared with 2.01% for SPVM.

What is the main difference between SPVM and IMOM?

SPVM tracks S&P 500 High Momentum Value Index, while IMOM tracks Alpha Architect Intern.Quan. Mome. (USD)(TR). They also come from different issuers: Invesco and Alpha Architect. Their fees differ too: 0.39% for SPVM and 0.38% for IMOM.

Which has better risk-adjusted returns?

SPVM currently has the higher Sharpe Ratio (2.47 vs 1.65), 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.