TTMI vs. SPMO

Last updated Jun 23, 2026

TTMI (TTM Technologies, Inc.) is a stock, while SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index. Over the past 10 years, TTMI returned 40.33%/yr vs 21.59%/yr for SPMO. At a 0.44 correlation, their price movements are largely independent.

Performance

TTMI vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TTM Technologies, Inc. (TTMI) 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, TTMI achieves a 220.97% return, which is significantly higher than SPMO's 36.08% return. Over the past 10 years, TTMI has outperformed SPMO with an annualized return of 40.33%, while SPMO has yielded a comparatively lower 21.59% annualized return.

TTMI

• 1D: 2.32%
• 1M: 16.61%
• YTD: 220.97%
• 6M: 212.39%
• 1Y: 503.62%
• 3Y*: 154.85%
• 5Y*: 72.84%
• 10Y*: 40.33%

SPMO

• 1D: 1.26%
• 1M: 11.71%
• YTD: 36.08%
• 6M: 35.05%
• 1Y: 52.78%
• 3Y*: 44.69%
• 5Y*: 24.25%
• 10Y*: 21.59%

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

TTMI vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TTMI TTM Technologies, Inc.	220.97%	178.79%	56.55%	4.84%	1.21%	8.01%	-8.34%	54.68%	-37.91%	14.97%
SPMO Invesco S&P 500 Momentum ETF	36.08%	26.58%	45.82%	17.56%	-10.45%	22.64%	28.25%	25.93%	-0.92%	27.76%

Correlation

The correlation between TTMI and SPMO is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015	0.44

The correlation between TTMI and SPMO shifts across timeframes, from 0.44 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TTMI vs. SPMO — Risk / Return Rank

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

TTMI

TTMI Risk / Return Rank: 98
TTMI Sharpe Ratio Rank: 99
TTMI Sortino Ratio Rank: 97
TTMI Omega Ratio Rank: 96
TTMI Calmar Ratio Rank: 99
TTMI Martin Ratio Rank: 99

SPMO

SPMO Risk / Return Rank: 83
SPMO Sharpe Ratio Rank: 85
SPMO Sortino Ratio Rank: 81
SPMO Omega Ratio Rank: 83
SPMO Calmar Ratio Rank: 82
SPMO Martin Ratio Rank: 82

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.

TTMI vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TTM Technologies, Inc. (TTMI) 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.

	TTMI	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	6.94	2.65	+4.29
Sortino ratio: Return per unit of downside risk	4.82	3.46	+1.36
Omega ratio: Gain probability vs. loss probability	1.61	1.48	+0.13
Calmar ratio: Return relative to maximum drawdown	21.84	4.18	+17.67
Martin ratio: Return relative to average drawdown	62.02	15.78	+46.24

TTMI vs. SPMO - Sharpe Ratio Comparison

The current TTMI Sharpe Ratio is 6.94, which is higher than the SPMO Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of TTMI 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.

Drawdowns

TTMI vs. SPMO - Drawdown Comparison

The maximum TTMI drawdown since its inception was -94.68%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for TTMI and SPMO.

Drawdown Indicators

	TTMI	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-94.68%	-30.95%	-63.73%
Max Drawdown (1Y) Largest decline over 1 year	-23.26%	-12.70%	-10.56%
Max Drawdown (3Y) Largest decline over 3 years	-34.24%	-20.13%	-14.11%
Max Drawdown (5Y) Largest decline over 5 years	-35.69%	-22.74%	-12.95%
Max Drawdown (10Y) Largest decline over 10 years	-56.19%	-30.95%	-25.24%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-49.78%	-4.59%	-45.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.17%	3.35%	+4.82%

Volatility

TTMI vs. SPMO - Volatility Comparison

TTM Technologies, Inc. (TTMI) has a higher volatility of 23.22% compared to Invesco S&P 500 Momentum ETF (SPMO) at 10.55%. This indicates that TTMI'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.

Volatility by Period

	TTMI	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.22%	10.55%	+12.67%
Volatility (6M) Calculated over the trailing 6-month period	57.24%	17.11%	+40.13%
Volatility (1Y) Calculated over the trailing 1-year period	73.30%	20.05%	+53.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.73%	19.77%	+29.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.71%	20.55%	+25.16%

Dividends

TTMI vs. SPMO - Dividend Comparison

TTMI has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.78%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPMO Invesco S&P 500 Momentum ETF	0.78%	0.73%	0.48%	1.63%	1.66%	0.52%	1.27%	1.39%	1.05%	0.77%	1.94%	0.36%
TTMI TTM Technologies, Inc.	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

Can I hold both TTMI and SPMO in my portfolio?

TTMI and SPMO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TTMI or SPMO?

TTMI has higher volatility (23.22%) compared to SPMO (10.55%). In terms of maximum drawdown, TTMI dropped -94.68% vs SPMO's -30.95%.

Which has better risk-adjusted returns?

TTMI currently has the higher Sharpe Ratio (6.94 vs 2.65), 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.