WMT vs. SPMO
WMT (Walmart Inc.) is a stock, while SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index. Over the past 10 years, WMT returned 18.40%/yr vs 19.57%/yr for SPMO. Their 0.26 correlation means their historical movements had little consistent relationship.
Performance
WMT vs. SPMO - Performance Comparison
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Returns By Period
In the year-to-date period, WMT achieves a 0.21% return, which is significantly lower than SPMO's 21.07% return. Over the past 10 years, WMT has underperformed SPMO with an annualized return of 18.40%, while SPMO has yielded a comparatively higher 19.57% annualized return.
WMT
- 1D
- 0.09%
- 1M
- 2.19%
- 6M
- -6.30%
- YTD
- 0.21%
- 1Y
- 14.44%
- 3Y*
- 29.39%
- 5Y*
- 20.06%
- 10Y*
- 18.40%
- ALL TIME*
- 18.36%
SPMO
- 1D
- 0.29%
- 1M
- -7.40%
- 6M
- 20.51%
- YTD
- 21.07%
- 1Y
- 25.37%
- 3Y*
- 37.36%
- 5Y*
- 20.21%
- 10Y*
- 19.57%
- ALL TIME*
- 18.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $331.54M | $346.70M | $350.59M | |
WMT Walmart Inc. | $2.47B | $2.41B | $2.70B |
WMT vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WMT Walmart Inc. | 0.21% | 24.49% | 73.99% | 12.88% | -0.46% | 1.97% | 23.32% | 30.16% | -3.43% | 46.56% |
SPMO Invesco S&P 500 Momentum ETF | 21.07% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Correlation
The correlation between WMT and SPMO is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015 | 0.26 |
The correlation between WMT and SPMO shifts across timeframes, from -0.17 (1 year) to 0.28 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
WMT vs. SPMO — Risk / Return Rank
WMT
SPMO
WMT vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Walmart Inc. (WMT) 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.
| WMT | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.21 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.63 | -0.87 |
| Martin ratioReturn relative to average drawdown | 1.96 | 5.93 | -3.98 |
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Drawdowns
WMT vs. SPMO - Drawdown Comparison
The maximum WMT drawdown since its inception was -77.14%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for WMT and SPMO.
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Drawdown Indicators
| WMT | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.14% | -30.95% | -46.19% |
Max Drawdown (1Y)Largest decline over 1 year | -19.23% | -15.64% | -3.59% |
Max Drawdown (3Y)Largest decline over 3 years | -21.93% | -20.13% | -1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -22.74% | -3.00% |
Max Drawdown (10Y)Largest decline over 10 years | -25.74% | -30.95% | +5.21% |
Current DrawdownCurrent decline from peak | -17.14% | -11.03% | -6.11% |
Average DrawdownAverage peak-to-trough decline | -14.63% | -4.62% | -10.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.39% | 4.29% | +3.10% |
Volatility
WMT vs. SPMO - Volatility Comparison
The current volatility for Walmart Inc. (WMT) is 6.81%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 10.53%. This indicates that WMT 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
| WMT | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.81% | 10.53% | -3.72% |
Volatility (6M)Calculated over the trailing 6-month period | 19.61% | 21.52% | -1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.77% | 23.90% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.96% | 20.60% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 20.92% | +0.98% |
Dividends
WMT vs. SPMO - Dividend Comparison
WMT's dividend yield for the trailing twelve months is around 0.87%, more than SPMO's 0.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 0.73% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
WMT Walmart Inc. | 0.87% | 0.84% | 0.92% | 1.45% | 1.58% | 1.52% | 1.50% | 1.78% | 2.23% | 2.07% | 2.89% | 3.20% |
Frequently Asked Questions
WMT and SPMO have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (10.53%) compared to WMT (6.81%). In terms of maximum drawdown, WMT dropped -77.14% vs SPMO's -30.95%.
SPMO currently has the higher Sharpe Ratio (1.07 vs 0.59), 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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