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) is a US Quality / Factor fund issued by Invesco that tracks a broad segment of the market with $22.2 billion in assets under management. Currently trading at $146.51, the fund holds an overall rank of #44 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B+ with a score of 75.8. Investors in this vehicle face an expense ratio of 0.13% while receiving a dividend yield of 0.65%. The substantial asset size and high price point suggest significant investor adoption relative to the 16 other ETFs ETFValuer tracks in this specific category. This positioning places the fund among the larger options within its sector, reflecting its established presence in the momentum factor space. The combination of a B+ grade and top-tier ranking indicates strong performance characteristics relative to the broader universe of tracked funds. Its cost structure remains competitive given the scale of operations and the specific factor exposure it provides.

Recent price action shows a sharp decline over the last day with a -2.22% return, following a modest weekly gain of +1.82%. The one-month period reflects a pullback of -4.73%, yet the fund has demonstrated strong acceleration over longer horizons with a 13.55% gain in the last three months. This upward momentum continued into the six-month window, delivering a +24.77% return, while year-to-date performance stands at +22.96%. The one-year return of +29.19% highlights sustained growth, which has compounded significantly over the past three years to reach +163.82%. This trajectory illustrates a pattern where short-term volatility has been overshadowed by robust long-term appreciation. The divergence between the recent monthly dip and the multi-year surge suggests the fund is currently in a consolidation phase after a period of rapid expansion.

The fund carries a High volatility label and a beta of 1.28, indicating that its price movements tend to be more pronounced than the broader market. A Sharpe ratio of 1.06 suggests that the returns generated have been efficient relative to the amount of risk taken during the measurement period. However, the maximum drawdown of -20.13% reveals the potential for significant temporary losses during market downturns. This combination of high beta and elevated drawdown implies the fund experiences amplified swings in both rising and falling markets. While the Sharpe ratio indicates positive risk-adjusted returns, the high volatility and drawdown figures point to a strategy that requires tolerance for substantial price fluctuations. Investors should anticipate that the fund will likely move more aggressively than the average equity fund in response to market shifts.

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

SPMO Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 50.5% 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 — LRGF overlaps most, holding 5 of the same companies as SPMO's top 10 (34.7% 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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 0.23% 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