SPYU.DE vs. SPMO
SPYU.DE (SPDR MSCI Europe Utilities UCITS ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - SPYU.DE is a Utilities Equities fund tracking the MSCI Europe Utilities 20/35 Capped, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 10 years, SPYU.DE returned 10.70%/yr vs 19.91%/yr for SPMO. At a 0.20 correlation, their price movements are largely independent. SPYU.DE charges 0.18%/yr vs 0.13%/yr for SPMO.
Performance
SPYU.DE vs. SPMO - Performance Comparison
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Different Trading Currencies
SPYU.DE is traded in EUR, while SPMO is traded in USD. To make them comparable, the SPMO values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYU.DE achieves a 13.06% return, which is significantly lower than SPMO's 23.64% return. Over the past 10 years, SPYU.DE has underperformed SPMO with an annualized return of 10.70%, while SPMO has yielded a comparatively higher 19.91% annualized return.
SPYU.DE
- 1D
- -0.28%
- 1M
- -3.21%
- YTD
- 13.06%
- 6M
- 14.80%
- 1Y
- 27.08%
- 3Y*
- 16.61%
- 5Y*
- 11.82%
- 10Y*
- 10.70%
SPMO
- 1D
- -4.84%
- 1M
- 3.91%
- YTD
- 23.64%
- 6M
- 21.28%
- 1Y
- 36.72%
- 3Y*
- 36.20%
- 5Y*
- 23.84%
- 10Y*
- 19.91%
SPYU.DE vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYU.DE SPDR MSCI Europe Utilities UCITS ETF | 13.06% | 34.39% | 0.99% | 13.57% | -7.97% | 8.80% | 11.01% | 31.91% | 2.41% | 9.05% |
SPMO Invesco S&P 500 Momentum ETF | 23.64% | 11.56% | 55.44% | 14.03% | -4.90% | 31.82% | 17.68% | 28.77% | 3.73% | 12.06% |
Correlation
The correlation between SPYU.DE and SPMO is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2015 | 0.20 |
The correlation between SPYU.DE and SPMO shifts across timeframes, from -0.01 (3 years) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYU.DE vs. SPMO — Risk / Return Rank
SPYU.DE
SPMO
SPYU.DE vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) 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.
| SPYU.DE | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 3.17 | +0.41 |
| Martin ratioReturn relative to average drawdown | 10.13 | 10.29 | -0.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPYU.DE | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 2.01 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 1.22 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.95 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.93 | -0.35 |
Drawdowns
SPYU.DE vs. SPMO - Drawdown Comparison
The maximum SPYU.DE drawdown since its inception was -32.98%, roughly equal to the maximum SPMO drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for SPYU.DE and SPMO.
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Drawdown Indicators
| SPYU.DE | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.98% | -32.02% | -0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -11.63% | +4.20% |
Max Drawdown (3Y)Largest decline over 3 years | -13.44% | -25.02% | +11.58% |
Max Drawdown (5Y)Largest decline over 5 years | -22.28% | -25.02% | +2.74% |
Max Drawdown (10Y)Largest decline over 10 years | -32.98% | -32.02% | -0.96% |
Current DrawdownCurrent decline from peak | -5.24% | -6.34% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -4.51% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 3.58% | -0.95% |
Volatility
SPYU.DE vs. SPMO - Volatility Comparison
The current volatility for SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) is 5.85%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 8.49%. This indicates that SPYU.DE experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYU.DE | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 8.49% | -2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 14.63% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 18.41% | -3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 19.60% | -3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 20.94% | -3.89% |
SPYU.DE vs. SPMO - Expense Ratio Comparison
SPYU.DE has a 0.18% expense ratio, which is higher than SPMO's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYU.DE vs. SPMO - Dividend Comparison
SPYU.DE has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 0.70% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
SPYU.DE SPDR MSCI Europe Utilities UCITS 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
SPYU.DE and SPMO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPMO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPMO is cheaper with a 0.13% expense ratio, compared with 0.18% for SPYU.DE.
SPYU.DE is categorized as Utilities Equities, while SPMO is Momentum. SPYU.DE tracks MSCI Europe Utilities 20/35 Capped, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.18% for SPYU.DE and 0.13% for SPMO.
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