VMO.TO vs. SPMO
Compare and contrast key facts about Vanguard Global Momentum Factor ETF CAD (VMO.TO) and Invesco S&P 500 Momentum ETF (SPMO).
VMO.TO and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VMO.TO is an actively managed fund by Vanguard. It was launched on Jun 14, 2016. 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
VMO.TO vs. SPMO - Performance Comparison
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VMO.TO vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMO.TO Vanguard Global Momentum Factor ETF CAD | 7.02% | 23.20% | 29.68% | 14.93% | -9.09% | 15.67% | 21.39% | 19.55% | -5.19% | 16.81% |
SPMO Invesco S&P 500 Momentum ETF | -2.55% | 20.78% | 58.34% | 14.97% | -4.07% | 21.54% | 26.09% | 19.74% | 7.49% | 19.63% |
Different Trading Currencies
VMO.TO is traded in CAD, while SPMO is traded in USD. To make them comparable, the SPMO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VMO.TO achieves a 7.02% return, which is significantly higher than SPMO's -4.50% return.
VMO.TO
- 1D
- 1.91%
- 1M
- -3.89%
- YTD
- 7.02%
- 6M
- 8.01%
- 1Y
- 35.97%
- 3Y*
- 24.86%
- 5Y*
- 14.23%
- 10Y*
- —
SPMO
- 1D
- 0.00%
- 1M
- -4.79%
- YTD
- -4.50%
- 6M
- -6.70%
- 1Y
- 18.03%
- 3Y*
- 29.59%
- 5Y*
- 19.61%
- 10Y*
- 17.94%
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VMO.TO vs. SPMO - Expense Ratio Comparison
VMO.TO has a 0.38% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
VMO.TO vs. SPMO — Risk / Return Rank
VMO.TO
SPMO
VMO.TO vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Momentum Factor ETF CAD (VMO.TO) 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.
| VMO.TO | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.60 | 0.81 | +0.79 |
Sortino ratioReturn per unit of downside risk | 2.12 | 1.24 | +0.88 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.19 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.87 | 1.42 | +1.45 |
Martin ratioReturn relative to average drawdown | 11.12 | 4.22 | +6.90 |
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
| VMO.TO | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 0.81 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 1.13 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.95 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.94 | -0.14 |
Correlation
The correlation between VMO.TO and SPMO is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VMO.TO vs. SPMO - Dividend Comparison
VMO.TO's dividend yield for the trailing twelve months is around 0.80%, less than SPMO's 0.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMO.TO Vanguard Global Momentum Factor ETF CAD | 0.80% | 0.85% | 0.90% | 1.03% | 1.65% | 1.09% | 0.70% | 1.70% | 0.80% | 1.15% | 0.51% | 0.00% |
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
VMO.TO vs. SPMO - Drawdown Comparison
The maximum VMO.TO drawdown since its inception was -30.53%, which is greater than SPMO's maximum drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for VMO.TO and SPMO.
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Drawdown Indicators
| VMO.TO | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.53% | -30.95% | +0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.29% | -12.70% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -23.27% | -22.74% | -0.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -4.38% | -7.31% | +2.93% |
Average DrawdownAverage peak-to-trough decline | -5.28% | -4.66% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 3.60% | -0.43% |
Volatility
VMO.TO vs. SPMO - Volatility Comparison
Vanguard Global Momentum Factor ETF CAD (VMO.TO) has a higher volatility of 9.18% compared to Invesco S&P 500 Momentum ETF (SPMO) at 6.63%. This indicates that VMO.TO'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.
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Volatility by Period
| VMO.TO | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.18% | 6.63% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 15.91% | 12.34% | +3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.60% | 22.34% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 17.45% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.87% | 18.92% | -1.05% |