VAMO vs. SPVM
VAMO (Cambria Value and Momentum ETF) and SPVM (Invesco S&P 500 Value with Momentum ETF) are both Momentum funds. VAMO is actively managed, while SPVM is passively managed. Over the past 10 years, VAMO returned 5.87%/yr vs 12.34%/yr for SPVM. A 0.55 correlation means they provide meaningful diversification when combined. VAMO charges 0.65%/yr vs 0.39%/yr for SPVM.
Performance
VAMO vs. SPVM - Performance Comparison
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Returns By Period
In the year-to-date period, VAMO achieves a 4.39% return, which is significantly lower than SPVM's 9.93% return. Over the past 10 years, VAMO has underperformed SPVM with an annualized return of 5.87%, while SPVM has yielded a comparatively higher 12.34% annualized return.
VAMO
- 1D
- -0.39%
- 1M
- 1.34%
- YTD
- 4.39%
- 6M
- 3.05%
- 1Y
- 19.78%
- 3Y*
- 13.95%
- 5Y*
- 9.24%
- 10Y*
- 5.87%
SPVM
- 1D
- 0.76%
- 1M
- 2.61%
- YTD
- 9.93%
- 6M
- 9.00%
- 1Y
- 28.99%
- 3Y*
- 19.25%
- 5Y*
- 11.13%
- 10Y*
- 12.34%
VAMO vs. SPVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VAMO Cambria Value and Momentum ETF | 4.39% | 16.51% | 6.11% | 5.58% | 8.55% | 32.16% | -4.92% | -4.63% | -11.43% | 3.82% |
SPVM Invesco S&P 500 Value with Momentum ETF | 9.93% | 20.47% | 15.64% | 5.53% | -2.10% | 28.86% | -3.18% | 29.33% | -9.17% | 14.70% |
Correlation
The correlation between VAMO and SPVM is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2015 | 0.55 |
The correlation between VAMO and SPVM shifts across timeframes, from 0.55 (all time) to 0.70 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VAMO vs. SPVM — Risk / Return Rank
VAMO
SPVM
VAMO vs. SPVM - 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 Value with Momentum ETF (SPVM). 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.
| VAMO | SPVM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.44 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 4.43 | -0.86 |
| Martin ratioReturn relative to average drawdown | 10.28 | 16.80 | -6.52 |
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Drawdowns
VAMO vs. SPVM - Drawdown Comparison
The maximum VAMO drawdown since its inception was -41.84%, smaller than the maximum SPVM drawdown of -45.35%. Use the drawdown chart below to compare losses from any high point for VAMO and SPVM.
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Drawdown Indicators
| VAMO | SPVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.84% | -45.35% | +3.51% |
Max Drawdown (1Y)Largest decline over 1 year | -5.55% | -6.57% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -11.61% | -18.66% | +7.05% |
Max Drawdown (5Y)Largest decline over 5 years | -17.25% | -19.48% | +2.23% |
Max Drawdown (10Y)Largest decline over 10 years | -41.84% | -45.35% | +3.51% |
Current DrawdownCurrent decline from peak | -1.59% | -0.87% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -9.94% | -4.98% | -4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.73% | +0.20% |
Volatility
VAMO vs. SPVM - Volatility Comparison
The current volatility for Cambria Value and Momentum ETF (VAMO) is 2.70%, while Invesco S&P 500 Value with Momentum ETF (SPVM) has a volatility of 3.27%. This indicates that VAMO experiences smaller price fluctuations and is considered to be less risky than SPVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAMO | SPVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 3.27% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 7.72% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.23% | 11.64% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 16.74% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 19.56% | -1.46% |
VAMO vs. SPVM - Expense Ratio Comparison
VAMO has a 0.65% expense ratio, which is higher than SPVM's 0.39% expense ratio.
Dividends
VAMO vs. SPVM - Dividend Comparison
VAMO's dividend yield for the trailing twelve months is around 0.62%, less than SPVM's 2.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPVM Invesco S&P 500 Value with Momentum ETF | 2.02% | 2.02% | 1.91% | 2.45% | 2.33% | 1.41% | 2.11% | 2.40% | 3.10% | 1.68% | 2.80% | 2.67% |
VAMO Cambria Value and Momentum ETF | 0.62% | 1.41% | 0.84% | 1.35% | 1.10% | 1.07% | 1.03% | 1.15% | 1.03% | 0.35% | 0.56% | 0.20% |
Frequently Asked Questions
VAMO and SPVM have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPVM has higher volatility (3.27%) compared to VAMO (2.70%). In terms of maximum drawdown, VAMO dropped -41.84% vs SPVM's -45.35%.
On 10-year performance, SPVM leads with 12.34% vs 5.87% for VAMO. On fees, SPVM is cheaper at 0.39% per year. On volatility, VAMO has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPVM has performed better with a 12.34% return vs 5.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPVM is cheaper with a 0.39% expense ratio, compared with 0.65% for VAMO.
SPVM has the higher dividend yield at 2.02%, compared with 0.62% for VAMO.
They also come from different issuers: Cambria and Invesco. Their fees differ too: 0.65% for VAMO and 0.39% for SPVM.
SPVM currently has the higher Sharpe Ratio (2.51 vs 1.77), 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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