TLGPY vs. SPMO

Last updated Jun 4, 2026

TLGPY (Telstra Corporation Limited) is a stock, while SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index. Over the past 3 years, TLGPY returned 14.77%/yr vs 43.04%/yr for SPMO. At a 0.27 correlation, their price movements are largely independent.

Performance

TLGPY vs. SPMO - Performance Comparison

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

Returns By Period

In the year-to-date period, TLGPY achieves a 13.64% return, which is significantly lower than SPMO's 30.35% return.

TLGPY

• 1D: -1.18%
• 1M: -4.57%
• YTD: 13.64%
• 6M: 13.71%
• 1Y: 20.82%
• 3Y*: 14.77%
• 5Y*: —
• 10Y*: —

SPMO

• 1D: 0.50%
• 1M: 15.36%
• YTD: 30.35%
• 6M: 30.51%
• 1Y: 46.00%
• 3Y*: 43.04%
• 5Y*: 24.29%
• 10Y*: 20.95%

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

TLGPY vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TLGPY Telstra Corporation Limited	13.64%	38.47%	-3.13%	10.15%	7.53%
SPMO Invesco S&P 500 Momentum ETF	30.35%	26.58%	45.82%	17.56%	-0.10%

Correlation

The correlation between TLGPY and SPMO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (All Time) Calculated using the full available price history since Nov 1, 2022	0.27

Return for Risk

TLGPY vs. SPMO — Risk / Return Rank

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

TLGPY

TLGPY Risk / Return Rank: 78
TLGPY Sharpe Ratio Rank: 79
TLGPY Sortino Ratio Rank: 74
TLGPY Omega Ratio Rank: 70
TLGPY Calmar Ratio Rank: 81
TLGPY Martin Ratio Rank: 85

SPMO

SPMO Risk / Return Rank: 75
SPMO Sharpe Ratio Rank: 79
SPMO Sortino Ratio Rank: 77
SPMO Omega Ratio Rank: 77
SPMO Calmar Ratio Rank: 71
SPMO Martin Ratio Rank: 73

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.

TLGPY vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Telstra Corporation Limited (TLGPY) 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.

	TLGPY	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	1.33	2.62	-1.29
Sortino ratio: Return per unit of downside risk	1.91	3.54	-1.63
Omega ratio: Gain probability vs. loss probability	1.22	1.47	-0.24
Calmar ratio: Return relative to maximum drawdown	2.84	3.64	-0.80
Martin ratio: Return relative to average drawdown	8.80	14.17	-5.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TLGPY vs. SPMO - Sharpe Ratio Comparison

The current TLGPY Sharpe Ratio is 1.33, which is lower than the SPMO Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of TLGPY and SPMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TLGPY	SPMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	2.62	-1.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.27	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	1.01	-0.16

Drawdowns

TLGPY vs. SPMO - Drawdown Comparison

The maximum TLGPY drawdown since its inception was -19.28%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for TLGPY and SPMO.

Drawdown Indicators

	TLGPY	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-19.28%	-30.95%	+11.67%
Max Drawdown (1Y) Largest decline over 1 year	-7.37%	-12.70%	+5.33%
Max Drawdown (3Y) Largest decline over 3 years	-19.28%	-20.13%	+0.85%
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	-7.37%	0.00%	-7.37%
Average Drawdown Average peak-to-trough decline	-5.32%	-4.60%	-0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	3.26%	-0.89%

Volatility

TLGPY vs. SPMO - Volatility Comparison

The current volatility for Telstra Corporation Limited (TLGPY) is 4.65%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.35%. This indicates that TLGPY 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.

Volatility by Period

	TLGPY	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	7.35%	-2.70%
Volatility (6M) Calculated over the trailing 6-month period	11.64%	14.39%	-2.75%
Volatility (1Y) Calculated over the trailing 1-year period	15.74%	17.64%	-1.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.08%	19.30%	+1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.08%	20.31%	+0.77%

Dividends

TLGPY vs. SPMO - Dividend Comparison

TLGPY's dividend yield for the trailing twelve months is around 3.70%, more than SPMO's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPMO Invesco S&P 500 Momentum ETF	0.65%	0.73%	0.48%	1.63%	1.66%	0.52%	1.27%	1.39%	1.05%	0.77%	1.94%	0.36%
TLGPY Telstra Corporation Limited	3.70%	3.71%	4.76%	9.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TLGPY and SPMO in my portfolio?

TLGPY and SPMO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TLGPY or SPMO?

SPMO has higher volatility (7.35%) compared to TLGPY (4.65%). In terms of maximum drawdown, TLGPY dropped -19.28% vs SPMO's -30.95%.

Which has better risk-adjusted returns?

SPMO currently has the higher Sharpe Ratio (2.62 vs 1.33), 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.