SPXE vs. SPMO

Last updated Jun 16, 2026

SPXE (ProShares S&P 500 Ex-Energy ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - SPXE is a S&P 500 fund tracking the S&P 500 Ex-Energy Index, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. SPXE charges 0.09%/yr vs 0.13%/yr for SPMO.

Performance

SPXE vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Ex-Energy ETF (SPXE) and Invesco S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPXE

• 1D: -0.21%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

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

SPXE vs. SPMO - Yearly Performance Comparison

	2026 (YTD)
SPXE ProShares S&P 500 Ex-Energy ETF	-0.21%
SPMO Invesco S&P 500 Momentum ETF	3.52%

SPXE vs. SPMO - Sectors Allocation Comparison

Sectors	SPXE	SPMO
Technology	39.2%	54.9%
Financial Services	11.9%	5.9%
Communication Services	10.7%	8.2%
Consumer Cyclical	9.7%	1.2%
Healthcare	9.0%	6.4%
Industrials	8.1%	11.1%
Consumer Defensive	4.8%	4.1%
Utilities	2.6%	2.5%
Real Estate	1.9%	1.0%
Basic Materials	1.8%	1.5%
Energy	0.0%	3.1%

Return for Risk

SPXE vs. SPMO — Risk / Return Rank

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

SPXE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SPMO

SPMO Risk / Return Rank: 85
SPMO Sharpe Ratio Rank: 87
SPMO Sortino Ratio Rank: 84
SPMO Omega Ratio Rank: 86
SPMO Calmar Ratio Rank: 83
SPMO Martin Ratio Rank: 83

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.

SPXE vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Energy ETF (SPXE) and Invesco S&P 500 Momentum ETF (SPMO). 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.

	SPXE	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	—	2.55	—
Sortino ratio: Return per unit of downside risk	—	3.34	—
Omega ratio: Gain probability vs. loss probability	—	1.46	—
Calmar ratio: Return relative to maximum drawdown	—	3.96	—
Martin ratio: Return relative to average drawdown	—	14.96	—

Drawdowns

SPXE vs. SPMO - Drawdown Comparison

The maximum SPXE drawdown since its inception was -0.21%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for SPXE and SPMO.

Drawdown Indicators

	SPXE	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-0.21%	-30.95%	+30.74%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.70%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.95%	—
Current Drawdown Current decline from peak	-0.21%	0.00%	-0.21%
Average Drawdown Average peak-to-trough decline	-0.21%	-4.60%	+4.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.35%	—

Volatility

Volatility by Period

	SPXE	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	19.78%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.71%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.52%	—

SPXE vs. SPMO - Expense Ratio Comparison

SPXE has a 0.09% expense ratio, which is lower than SPMO's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SPXE vs. SPMO - Dividend Comparison

SPXE has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.64%.

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%
SPXE ProShares S&P 500 Ex-Energy ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, SPXE or SPMO?

On fees, SPXE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPXE or SPMO?

SPXE is cheaper with a 0.09% expense ratio, compared with 0.13% for SPMO.

Which ETF pays a higher dividend yield, SPXE or SPMO?

SPMO has the higher dividend yield at 0.64%, compared with 0.00% for SPXE.

What is the main difference between SPXE and SPMO?

SPXE is categorized as S&P 500, while SPMO is Momentum. SPXE tracks S&P 500 Ex-Energy Index, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: ProShares and Invesco. Their fees differ too: 0.09% for SPXE and 0.13% for SPMO.