SPMO — Invesco S&P 500 Momentum ETF
US Quality / Factor Ranked #96 of 458 tracked ETFs · Issued by Invesco
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.
What If You'd Invested in SPMO?
See what a lump sum in SPMO would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The Invesco S&P 500 Momentum ETF is a US Quality / Factor fund issued by Invesco, managing $22.1 billion in assets. It holds a B grade with a score of 71.0/100, ranking 3rd out of 16 peers in its category and 96th among all tracked ETFs. The fund charges an expense ratio of 0.13%, which is below the category median of 0.15%. Its dividend yield of 0.71% trails the category median of 1.24%. The top ten holdings represent 52.7% of assets, with Micron Technology, Inc. serving as the largest single position at 10.7%.
The ETF has delivered a 1-year return of 28.68%, outperforming the category median of 20.82%. Short-term momentum is evident with a 1-week gain of 2.00% and a 1-month increase of 0.42%. Over longer horizons, the 3-year return stands at 157.19%, while the price currently sits at 77.2% of its 52-week range. The fund's rating was downgraded from B+ to B on 2026-07-27. Historical data is available for only 3.0 years, limiting the depth of the performance record.
With a beta of 1.35, the fund exhibits higher sensitivity to market movements than the broader index. Annualized volatility is recorded at 24.36%, which is classified as High. The Sharpe ratio of 0.97 suggests a moderate risk-adjusted return profile relative to the volatility experienced. Maximum drawdown has reached -20.13%, indicating significant potential for capital erosion during downturns. Liquidity is supported by an average daily volume of 2,146,188 shares and a tight bid/ask spread of 0.06%.
AI-generated summary based on the data on this page.
SPMO Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Micron Technology, Inc. | 10.73% | $2.13B |
| 2 | NVIDIA Corp. | 8.46% | $1.68B |
| 3 | Broadcom Inc. | 7.58% | $1.51B |
| 4 | Alphabet Inc. | 4.81% | $957M |
| 5 | Advanced Micro Devices, Inc. | 4.14% | $824M |
| 6 | Johnson & Johnson | 3.85% | $767M |
| 7 | Alphabet Inc. | 3.82% | $759M |
| 8 | Lam Research Corp. | 3.54% | $704M |
| 9 | Intel Corp. | 2.95% | $588M |
| 10 | Exxon Mobil Corp. | 2.78% | $553M |
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).
| ETF | Name | Shared Companies | SPMO Weight | Examples |
|---|---|---|---|---|
| MTUM | iShares MSCI USA Momentum Factor ETF | 9 | 52.7% | Micron Technology, Inc., NVIDIA Corp., Broadcom Inc.… |
| IYW | iShares U.S. Technology ETF | 6 | 42.5% | NVIDIA Corp., Alphabet Inc., Micron Technology, Inc.… |
| IGM | iShares Expanded Tech Sector ETF | 6 | 42.5% | Alphabet Inc., NVIDIA Corp., Micron Technology, Inc.… |
| XLK | State Street Technology Select Sector SPDR ETF | 6 | 37.4% | NVIDIA Corp., Micron Technology, Inc., Broadcom Inc.… |
| VGT | Vanguard Information Technology Index Fund ETF Shares | 6 | 37.4% | NVIDIA Corp., Micron Technology, Inc., Broadcom Inc.… |
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: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What SPMO's Fees Cost You
SPMO charges an expense ratio of 0.13% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
SPMO Dividend Income Estimator
SPMO currently yields 0.71%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
SPMO Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.06% and average daily volume is 2.1M/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 $22.1B 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
| Period | Return |
|---|---|
| 1-Day | +1.57% |
| 1-Week | +2.00% |
| 1-Month | +0.42% |
| 3-Month | +3.93% |
| 6-Month | +27.18% |
| YTD | +25.66% |
| 1-Year | +28.68% |
| 3-Year | +157.19% |
How SPMO Compares to Other US Quality / Factor ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #9 | B+ |
VLUE | iShares MSCI USA Value Factor ETF | +74.60% | 0.15% | $9.70B |
| #59 | B |
DYNF | iShares U.S. Equity Factor Rotation Active ETF | +22.33% | 0.26% | $41.3B |
| #96 | B |
SPMO | Invesco S&P 500 Momentum ETF | +28.68% | 0.13% | $22.1B |
| #100 | B |
EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | +25.53% | 0.25% | $3.66B |
| #103 | B |
VFVA | Vanguard U.S. Value Factor ETF Shares | +29.91% | 0.13% | $957M |
| #109 | B |
COWZ | Pacer US Cash Cows 100 ETF | +26.65% | 0.49% | $20.1B |
| #124 | B |
QUAL | iShares MSCI USA Quality Factor ETF | +18.05% | 0.15% | $47.7B |
| #139 | B |
SPHQ | Invesco S&P 500 Quality ETF | +19.31% | 0.15% | $18.9B |
| #141 | B |
MTUM | iShares MSCI USA Momentum Factor ETF | +25.35% | 0.15% | $24.2B |
| #152 | B |
EFAV | iShares MSCI EAFE Min Vol Factor ETF | +15.26% | 0.2% | $5.51B |
| #168 | B |
LRGF | iShares U.S. Equity Factor ETF | +18.47% | 0.08% | $3.70B |
| #200 | C |
USMV | iShares MSCI USA Min Vol Factor ETF | +8.64% | 0.15% | $24.2B |
| #204 | C |
VFMO | Vanguard U.S. Momentum Factor ETF ETF Shares | +27.56% | 0.13% | $1.92B |
| #229 | C |
ACWV | iShares MSCI Global Min Vol Factor ETF | +8.74% | 0.2% | $3.40B |
| #254 | C |
VFQY | Vanguard U.S. Quality Factor ETF Shares | +18.53% | 0.13% | $511M |
| #286 | C |
SPLV | Invesco S&P 500 Low Volatility ETF | +4.09% | 0.25% | $7.09B |