TLN vs. SPMO
TLN (Talen Energy Corporation) 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, TLN returned 98.02%/yr vs 41.53%/yr for SPMO. At a 0.45 correlation, their price movements are largely independent.
Performance
TLN vs. SPMO - Performance Comparison
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Returns By Period
In the year-to-date period, TLN achieves a -3.81% return, which is significantly lower than SPMO's 28.15% return.
TLN
- 1D
- 4.56%
- 1M
- 2.71%
- YTD
- -3.81%
- 6M
- 1.17%
- 1Y
- 31.11%
- 3Y*
- 98.02%
- 5Y*
- —
- 10Y*
- —
SPMO
- 1D
- 1.26%
- 1M
- 4.23%
- YTD
- 28.15%
- 6M
- 28.70%
- 1Y
- 43.47%
- 3Y*
- 41.53%
- 5Y*
- 23.50%
- 10Y*
- 20.86%
TLN vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TLN Talen Energy Corporation | -3.81% | 86.05% | 214.80% | 38.01% |
SPMO Invesco S&P 500 Momentum ETF | 28.15% | 26.58% | 45.82% | 23.85% |
Correlation
The correlation between TLN and SPMO is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2023 | 0.45 |
The correlation between TLN and SPMO has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.
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Return for Risk
TLN vs. SPMO — Risk / Return Rank
TLN
SPMO
TLN vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Talen Energy Corporation (TLN) 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.
| TLN | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.41 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 3.44 | -2.46 |
| Martin ratioReturn relative to average drawdown | 1.96 | 13.01 | -11.05 |
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Drawdowns
TLN vs. SPMO - Drawdown Comparison
The maximum TLN drawdown since its inception was -33.80%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for TLN and SPMO.
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Drawdown Indicators
| TLN | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.80% | -30.95% | -2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -32.05% | -12.70% | -19.35% |
Max Drawdown (3Y)Largest decline over 3 years | -33.80% | -20.13% | -13.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -19.13% | -1.68% | -17.45% |
Average DrawdownAverage peak-to-trough decline | -7.33% | -4.60% | -2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.94% | 3.35% | +12.59% |
Volatility
TLN vs. SPMO - Volatility Comparison
Talen Energy Corporation (TLN) has a higher volatility of 17.27% compared to Invesco S&P 500 Momentum ETF (SPMO) at 10.29%. This indicates that TLN's price experiences larger fluctuations and is considered to be riskier 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
| TLN | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.27% | 10.29% | +6.98% |
Volatility (6M)Calculated over the trailing 6-month period | 42.00% | 16.73% | +25.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.34% | 19.48% | +36.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.98% | 19.65% | +30.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.98% | 20.48% | +29.50% |
Dividends
TLN vs. SPMO - Dividend Comparison
TLN has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 0.67% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
TLN Talen Energy Corporation | 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
TLN and SPMO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLN has higher volatility (17.27%) compared to SPMO (10.29%). In terms of maximum drawdown, TLN dropped -33.80% vs SPMO's -30.95%.
SPMO currently has the higher Sharpe Ratio (2.24 vs 0.55), 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.
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