XOEF vs. SPMO
XOEF (iShares S&P 500 ex S&P 100 ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - XOEF is a S&P 500 fund tracking the S&P 500 Ex-S&P 100 Select Index, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. A 0.68 correlation means they provide meaningful diversification when combined. XOEF charges 0.20%/yr vs 0.13%/yr for SPMO.
Performance
XOEF vs. SPMO - Performance Comparison
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Returns By Period
In the year-to-date period, XOEF achieves a 16.44% return, which is significantly lower than SPMO's 33.44% return.
XOEF
- 1D
- 0.79%
- 1M
- 3.14%
- YTD
- 16.44%
- 6M
- 15.13%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPMO
- 1D
- 2.81%
- 1M
- 5.43%
- YTD
- 33.44%
- 6M
- 31.99%
- 1Y
- 42.94%
- 3Y*
- 42.68%
- 5Y*
- 23.11%
- 10Y*
- 21.35%
XOEF vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XOEF iShares S&P 500 ex S&P 100 ETF | 16.44% | 4.27% |
SPMO Invesco S&P 500 Momentum ETF | 33.44% | 7.69% |
Correlation
The correlation between XOEF and SPMO is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.68 |
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Return for Risk
XOEF vs. SPMO — Risk / Return Rank
XOEF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPMO
XOEF vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 ex S&P 100 ETF (XOEF) 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.
| XOEF | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.40 | — |
| Martin ratioReturn relative to average drawdown | — | 12.68 | — |
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Drawdowns
XOEF vs. SPMO - Drawdown Comparison
The maximum XOEF drawdown since its inception was -7.66%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for XOEF and SPMO.
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Drawdown Indicators
| XOEF | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.66% | -30.95% | +23.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.70% | — |
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 | 0.00% | -1.94% | +1.94% |
Average DrawdownAverage peak-to-trough decline | -1.27% | -4.59% | +3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.40% | — |
Volatility
XOEF vs. SPMO - Volatility Comparison
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Volatility by Period
| XOEF | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.75% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.89% | 21.28% | -8.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.89% | 20.03% | -7.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.89% | 20.69% | -7.80% |
XOEF vs. SPMO - Expense Ratio Comparison
XOEF has a 0.20% expense ratio, which is higher than SPMO's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XOEF vs. SPMO - Dividend Comparison
XOEF's dividend yield for the trailing twelve months is around 1.04%, more than SPMO's 0.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 0.66% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
XOEF iShares S&P 500 ex S&P 100 ETF | 1.04% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XOEF and SPMO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPMO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPMO is cheaper with a 0.13% expense ratio, compared with 0.20% for XOEF.
XOEF has the higher dividend yield at 1.04%, compared with 0.66% for SPMO.
XOEF is categorized as S&P 500, while SPMO is Momentum. XOEF tracks S&P 500 Ex-S&P 100 Select Index, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for XOEF and 0.13% for SPMO.
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