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 is a US Quality / Factor fund issued by Invesco with $23.0 billion in assets under management. It holds an ETFValuer grade of B, ranking 8th out of 16 peers in its category and 121st among all 458 tracked ETFs. The fund’s 0.13% expense ratio sits below the category median of 0.15%, while its 0.79% dividend yield trails the peer average of 1.22%. Concentration is notable, with the top 10 holdings comprising 52.7% of assets and Micron Technology, Inc. representing the largest single position at 10.7%.

The fund’s price of $138.66 places it at 57.1% of its 52-week range, reflecting a recent downgrade from B+ to B on 2026-10-13. Short-term momentum has weakened, with one-month returns of -8.88% contrasting sharply with a one-year gain of +17.04%. This annual performance exceeds the category median of +15.72%, supported by a strong three-year return of +152.52%. However, the record is limited by only 3.0 years of available price history, which constrains the depth of long-term trend analysis.

With a beta of 1.40, the ETF exhibits higher sensitivity to market movements than the broader index. Annualized volatility of 25.02% is classified as High, contributing to a maximum drawdown of -20.13%. A Sharpe ratio of 0.48 suggests moderate risk-adjusted returns relative to the volatility experienced. Liquidity remains robust, evidenced by an average daily volume of 1,938,782 shares.

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 — IGM overlaps most, holding 6 of the same companies as SPMO's top 10 (42.5% 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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SPMO Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 1.9M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $23.0B 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