VAMO vs. SPMO
Compare and contrast key facts about Cambria Value and Momentum ETF (VAMO) and Invesco S&P 500 Momentum ETF (SPMO).
VAMO and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VAMO is an actively managed fund by Cambria. It was launched on Sep 8, 2015. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Performance
VAMO vs. SPMO - Performance Comparison
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VAMO vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VAMO Cambria Value and Momentum ETF | 3.84% | 16.51% | 6.11% | 5.58% | 8.55% | 32.16% | -4.92% | -4.63% | -11.43% | 3.82% |
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Returns By Period
In the year-to-date period, VAMO achieves a 3.84% return, which is significantly higher than SPMO's -3.77% return. Over the past 10 years, VAMO has underperformed SPMO with an annualized return of 5.47%, while SPMO has yielded a comparatively higher 17.41% annualized return.
VAMO
- 1D
- -0.28%
- 1M
- 0.18%
- YTD
- 3.84%
- 6M
- 6.46%
- 1Y
- 22.03%
- 3Y*
- 13.40%
- 5Y*
- 9.57%
- 10Y*
- 5.47%
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
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VAMO vs. SPMO - Expense Ratio Comparison
VAMO has a 0.65% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
VAMO vs. SPMO — Risk / Return Rank
VAMO
SPMO
VAMO vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Value and Momentum ETF (VAMO) 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.
| VAMO | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.94 | 1.06 | +0.89 |
Sortino ratioReturn per unit of downside risk | 2.80 | 1.60 | +1.20 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.24 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 4.00 | 1.96 | +2.04 |
Martin ratioReturn relative to average drawdown | 13.00 | 6.90 | +6.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VAMO | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 1.06 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.93 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.87 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.86 | -0.61 |
Correlation
The correlation between VAMO and SPMO is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VAMO vs. SPMO - Dividend Comparison
VAMO's dividend yield for the trailing twelve months is around 0.63%, less than SPMO's 0.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VAMO Cambria Value and Momentum ETF | 0.63% | 1.41% | 0.84% | 1.35% | 1.10% | 1.07% | 1.03% | 1.15% | 1.03% | 0.35% | 0.56% | 0.20% |
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
VAMO vs. SPMO - Drawdown Comparison
The maximum VAMO drawdown since its inception was -41.84%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for VAMO and SPMO.
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Drawdown Indicators
| VAMO | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.84% | -30.95% | -10.89% |
Max Drawdown (1Y)Largest decline over 1 year | -5.55% | -12.70% | +7.15% |
Max Drawdown (5Y)Largest decline over 5 years | -17.25% | -22.74% | +5.49% |
Max Drawdown (10Y)Largest decline over 10 years | -41.84% | -30.95% | -10.89% |
Current DrawdownCurrent decline from peak | -2.11% | -7.31% | +5.20% |
Average DrawdownAverage peak-to-trough decline | -10.10% | -4.66% | -5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 3.60% | -1.89% |
Volatility
VAMO vs. SPMO - Volatility Comparison
The current volatility for Cambria Value and Momentum ETF (VAMO) is 2.97%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.22%. This indicates that VAMO 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
| VAMO | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 7.22% | -4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 12.80% | -4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.39% | 22.77% | -11.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.89% | 19.08% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 20.09% | -2.01% |