URAN vs. SPMO
URAN (Themes Uranium & Nuclear ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - URAN is a Uranium fund tracking the BITA Global Uranium and Nuclear Select Index, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past year, URAN returned 2.32% vs 29.45% for SPMO. Their 0.57 correlation means they have sometimes moved together and sometimes differently. URAN charges 0.35%/yr vs 0.13%/yr for SPMO.
Performance
URAN vs. SPMO - Performance Comparison
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Returns By Period
In the year-to-date period, URAN achieves a -10.15% return, which is significantly lower than SPMO's 22.35% return.
URAN
- 1D
- 2.57%
- 1M
- -2.34%
- 6M
- -22.93%
- YTD
- -10.15%
- 1Y
- 2.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.47%
SPMO
- 1D
- 1.06%
- 1M
- -3.63%
- 6M
- 21.38%
- YTD
- 22.35%
- 1Y
- 29.45%
- 3Y*
- 38.16%
- 5Y*
- 20.19%
- 10Y*
- 19.70%
- ALL TIME*
- 19.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $336.15M | $337.86M | $350.15M | |
| $138.72K | $486.15K | $431.80K |
URAN vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
URAN Themes Uranium & Nuclear ETF | -10.15% | 49.05% | 3.89% |
SPMO Invesco S&P 500 Momentum ETF | 22.35% | 26.58% | 4.69% |
Correlation
The correlation between URAN and SPMO is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024 | 0.57 |
The correlation between URAN and SPMO has been stable across timeframes, ranging from 0.57 to 0.59 - a consistent structural relationship.
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Return for Risk
URAN vs. SPMO — Risk / Return Rank
URAN
SPMO
URAN vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Uranium & Nuclear ETF (URAN) 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.
| URAN | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.24 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 1.89 | -1.82 |
| Martin ratioReturn relative to average drawdown | 0.13 | 6.81 | -6.68 |
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Drawdowns
URAN vs. SPMO - Drawdown Comparison
The maximum URAN drawdown since its inception was -35.21%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for URAN and SPMO.
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Drawdown Indicators
| URAN | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -30.95% | -4.26% |
Max Drawdown (1Y)Largest decline over 1 year | -35.21% | -15.64% | -19.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.13% | — |
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 | -31.80% | -10.09% | -21.71% |
Average DrawdownAverage peak-to-trough decline | -12.42% | -4.62% | -7.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.48% | 4.33% | +13.15% |
Volatility
URAN vs. SPMO - Volatility Comparison
Themes Uranium & Nuclear ETF (URAN) and Invesco S&P 500 Momentum ETF (SPMO) have volatilities of 9.88% and 10.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URAN | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.88% | 10.26% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 28.60% | 21.52% | +7.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.15% | 23.86% | +16.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.93% | 20.61% | +18.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.93% | 20.94% | +17.99% |
URAN vs. SPMO - Expense Ratio Comparison
URAN has a 0.35% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Dividends
URAN vs. SPMO - Dividend Comparison
URAN's dividend yield for the trailing twelve months is around 2.85%, more than SPMO's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 0.72% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
URAN Themes Uranium & Nuclear ETF | 2.85% | 2.56% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
URAN and SPMO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (10.26%) compared to URAN (9.88%). In terms of maximum drawdown, URAN dropped -35.21% vs SPMO's -30.95%.
On 1-year performance, SPMO leads with 29.45% vs 2.32% for URAN. On fees, SPMO is cheaper at 0.13% per year. On volatility, URAN has been the lower-risk option at 9.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPMO has performed better with a 29.45% return vs 2.32%. 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 0.35% for URAN.
URAN has the higher dividend yield at 2.85%, compared with 0.72% for SPMO.
URAN is categorized as Uranium, while SPMO is Momentum. URAN tracks BITA Global Uranium and Nuclear Select Index, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: Themes and Invesco. Their fees differ too: 0.35% for URAN and 0.13% for SPMO.
SPMO currently has the higher Sharpe Ratio (1.24 vs 0.06), 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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