SPMO — Invesco S&P 500 Momentum ETF

SPMO Price Performance — Growth of $10,000

Value of a $10,000 investment in SPMO over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

SPMO Drawdown

The "underwater" chart: SPMO's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Invesco S&P 500 Momentum ETF (SPMO) operates within the US Quality / Factor category, where ETFValuer tracks a total of 16 funds. Issued by Invesco, this fund has accumulated $22.2 billion in assets under management and trades at a price of $140.95. It holds an overall rank of #110 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 69.4 out of 100. The fund charges an expense ratio of 0.13% and offers a dividend yield of 0.65%. The substantial asset size and high trading price suggest significant investor adoption relative to the broader universe of tracked funds. This positioning places the ETF as a mid-tier performer in terms of ranking despite its large scale within its specific factor category.

Recent performance data shows a sharp decline in the short term, with the fund dropping 2.63% over one day, 5.85% over one week, and 8.59% over one month. In contrast, the fund has demonstrated strong recovery and growth over longer horizons, posting a 6.86% gain over three months and a 19.13% increase over six months. Year-to-date returns stand at 18.30%, while the one-year return has reached 23.56%. The long-term trajectory is particularly notable, with the three-year return totaling 154.67%. This pattern indicates a divergence where short-term volatility has been offset by sustained acceleration in returns over the past year and beyond. The data reflects a fund that has experienced recent pullbacks but maintains robust gains over extended periods.

SPMO carries a volatility label of High and exhibits a beta of 1.28, indicating that the fund tends to move more aggressively than the broader market. This elevated sensitivity is reflected in a maximum drawdown of -20.13%, suggesting significant potential for decline during market downturns. Despite the high volatility and drawdown risk, the fund has achieved a Sharpe ratio of 0.80, which implies that the returns generated have compensated investors for the risk taken. The combination of a high beta and a substantial three-year return of 154.67% points to a strategy that captures significant upside during favorable market conditions. However, the high volatility label and negative drawdown figures confirm that the fund experiences pronounced swings in both directions.

AI-generated summary based on the data on this page.

SPMO Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 52.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SPMO's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SPMO

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SPMO's top 10 — MTUM overlaps most, holding 9 of the same companies as SPMO's top 10 (52.7% of SPMO's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SPMO Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 2.3M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $22.2B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SPMO is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

SPMO Performance History

How SPMO Compares to Other US Quality / Factor ETFs