TYA vs. SPMO
TYA (Simplify Intermediate Term Treasury Futures Strategy ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - TYA is a Government Bonds fund actively managed by Simplify, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. TYA is actively managed, while SPMO is passively managed. Over the past 3 years, TYA returned -2.02%/yr vs 40.56%/yr for SPMO. At a 0.02 correlation, their price movements are largely independent. TYA charges 0.15%/yr vs 0.13%/yr for SPMO.
Performance
TYA vs. SPMO - Performance Comparison
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Returns By Period
In the year-to-date period, TYA achieves a -6.92% return, which is significantly lower than SPMO's 26.03% return.
TYA
- 1D
- -1.24%
- 1M
- -2.13%
- 6M
- -6.77%
- YTD
- -6.92%
- 1Y
- -1.32%
- 3Y*
- -2.02%
- 5Y*
- —
- 10Y*
- —
SPMO
- 1D
- -2.61%
- 1M
- -1.65%
- 6M
- 24.83%
- YTD
- 26.03%
- 1Y
- 34.61%
- 3Y*
- 40.56%
- 5Y*
- 21.26%
- 10Y*
- 20.66%
TYA vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | -6.92% | 14.38% | -9.63% | -2.23% | -37.62% | -0.80% |
SPMO Invesco S&P 500 Momentum ETF | 26.03% | 26.58% | 45.82% | 17.56% | -10.45% | 2.61% |
Correlation
The correlation between TYA and SPMO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.02 |
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Return for Risk
TYA vs. SPMO — Risk / Return Rank
TYA
SPMO
TYA vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) 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.
| TYA | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.29 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 2.74 | -2.85 |
| Martin ratioReturn relative to average drawdown | -0.26 | 9.73 | -10.00 |
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Drawdowns
TYA vs. SPMO - Drawdown Comparison
The maximum TYA drawdown since its inception was -51.15%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for TYA and SPMO.
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Drawdown Indicators
| TYA | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.15% | -30.95% | -20.20% |
Max Drawdown (1Y)Largest decline over 1 year | -11.80% | -12.70% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -20.94% | -20.13% | -0.81% |
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 | -42.62% | -7.38% | -35.24% |
Average DrawdownAverage peak-to-trough decline | -35.94% | -4.59% | -31.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 3.56% | +1.45% |
Volatility
TYA vs. SPMO - Volatility Comparison
The current volatility for Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) is 4.27%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 12.53%. This indicates that TYA 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
| TYA | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 12.53% | -8.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 19.77% | -10.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 22.23% | -9.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.44% | 20.25% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.44% | 20.80% | -0.36% |
TYA vs. SPMO - Expense Ratio Comparison
TYA has a 0.15% 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
TYA vs. SPMO - Dividend Comparison
TYA's dividend yield for the trailing twelve months is around 3.79%, more than SPMO's 0.70% yield.
| 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% |
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | 3.79% | 3.85% | 4.84% | 4.28% | 2.23% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TYA and SPMO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (12.53%) compared to TYA (4.27%). In terms of maximum drawdown, TYA dropped -51.15% vs SPMO's -30.95%.
On 3-year performance, SPMO leads with 40.56% vs -2.02% for TYA. On fees, SPMO is cheaper at 0.13% per year. On volatility, TYA has been the lower-risk option at 4.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SPMO has performed better with a 40.56% return vs -2.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMO is cheaper with a 0.13% expense ratio, compared with 0.15% for TYA.
TYA has the higher dividend yield at 3.79%, compared with 0.70% for SPMO.
TYA is categorized as Government Bonds, while SPMO is Momentum. They also come from different issuers: Simplify and Invesco. Their fees differ too: 0.15% for TYA and 0.13% for SPMO.
SPMO currently has the higher Sharpe Ratio (1.57 vs -0.11), 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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