Skip to content
etf.net

Launched · SEC filings

Invesco S&P 500 Momentum ETF

SPMONYSE ArcaInvescoB

$132.45−3.82 (−2.80%)

At close: Nov 2, 2026, 4:00 PM ET

B67/ 100

Rank 7 of 30 in US Factor Index

B67/100Rank 7 of 30inUS Factor Index
Intraday session: down, 79 prints from 136.27 to 132.45. Range 132.37 to 136.58. Use the arrow keys to read each point.133.00134.00135.0010 AM12 PM2 PM4 PM
Expense ratio
0.13%
Fund size
$21.4B
1Y total return
+12.9%
Yield · Last 12 months
0.81%
Holdings
102
Avg volume · 30D
2.04M sh
52W range
low $107.24high $162.30
Launched
Filings
SEC EDGAR

The ETF.net SPMO Grade

B

Score 67 out of 100

Category
US Factor Index⁠
Rank
7 of 30
Six-pillar profile for SPMO. Scores out of 100: Cost 90, Risk 36, Mission 57, Tradability 94, Holdings 25, Durability 82. Strongest: Tradability (94). Weakest: Holdings (25). Leans toward Tradability and Cost.

Score 67 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A90 out of 100
    Rank 4 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B57 out of 100
    Rank 17 of 23

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D36 out of 100
    Rank 21 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A94 out of 100
    Rank 1 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D25 out of 100
    Rank 29 of 30

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A82 out of 100
    Rank 3 of 30

Our read on SPMO

ETF.net Research

In short

BMomentum without leaving the S&P 500. SPMO ranks the index's members on momentum and keeps roughly the top 100, charging 0.13% for a rules-based bet on whatever has already been working.

Stated mandate

The fund tracks the S&P 500 Momentum Index before fees and expenses. It generally invests at least 90% of assets in index securities, which are selected from the S&P 500 based on high momentum scores.

Why people hold it

  • 0.13% a year against a 0.69% median for momentum funds, undercutting iShares' MTUM (0.15%) and matching Vanguard's VFMO (0.13%).
  • The rulebook is public and tight: at least 90% of assets in S&P 500 Momentum Index names, picked on momentum scores. No stockpicker sitting on top of the screen.invesco.com
  • One of the more actively traded funds in its niche and a multi-billion-dollar book, so orders usually meet a deep market rather than a thin one.
  • Live since 2015 with Invesco behind it, and among the stronger overall builds in the US momentum group.

Worth knowing

  • Roughly 100 names out of 500 means concentration arrives as a side effect: whichever sector has been leading can dominate, and the fund can look little like the S&P 500.
  • Momentum is a backward-looking screen. It holds the recent leaders until the index reshuffles, which is exactly when the market turns hardest against trend followers.invesco.com
  • Distributions land quarterly and are a byproduct of what the screen owns, not the point of the fund.

SPMO Holdings

Holdings pillarD25 out of 100Rank 29 of 30 in US Factor Index
Asset class
Stocks
Holdings
102
Top-10 weight
50%
Largest holding
AAPL10.0%

Sectors

  • Technology50.2%
  • Health Care11.7%
  • Communication8.9%
  • Industrials7.2%
  • Financials7.1%
  • Energy6.9%
  • Consumer Staples2.7%
  • Real Estate2.4%
  • Consumer Discretionary1.5%
  • Materials1.1%
  • Utilities0.2%

Geography

  • United States99.21%
  • Switzerland0.61%
  • Mexico0.18%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1AAPLApple Inc10.02%6,407,101$2.24B723
2MUMicron Technology Inc8.86%2,117,433$1.98B686
3AMDAdvanced Micro Devices Inc5.54%2,184,091$1.24B638
4JNJJohnson & Johnson4.98%4,042,166$1.11B524
5INTCIntel Corp4.52%10,965,203$1.01B514
6GOOGLAlphabet Inc4.22%3,318,598$942M707
7XOMExxonMobil Holdings Corp3.64%4,434,306$813M525
8GOOGAlphabet Inc3.41%2,695,000$761M480
9CSCOCisco Systems Inc2.47%5,066,381$550M585
10LRCXLam Research Corp2.46%2,161,685$550M603
11AMATApplied Materials Inc2.43%1,286,936$543M557
12MRKMerck & Co Inc2.29%3,497,677$512M516
13SNDKSandisk Corp2.24%376,099$500M471
14STXSeagate Technology Holdings PLC1.83%583,793$409M435
15UNHUnitedHealth Group Inc1.83%994,738$409M494

Showing 1–15 of 102 holdings

SPMO Performance

Launched Oct 9, 2015

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

SPMO$11,291
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. SPMO $11,291. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SPMO. Periods over one year show the average yearly return.
PeriodSPMO
Year to date+14.9%
1 month−10.1%
3 months−5.1%
1 year+12.9%
3 yearsper year+35.4%
5 yearsper year+17.3%
10 yearsper year+19.1%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SPMO
YearReturn barSPMO
2026 YTD+14.9%
2025+26.6%
2024+45.8%
2023+17.6%
2022−10.5%
2021+22.6%
2020+28.3%

SPMO in the news

SPMO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.81%Last 12 months
Payout per share
$1.10Last 12 months
Last payment
$0.24 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 38 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.02; Sep 18, 2017 $0.20; Dec 18, 2017 $0.05; Mar 19, 2018 $0.07; Jun 18, 2018 $0.08; Sep 24, 2018 $0.08; Dec 24, 2018 $0.13; Mar 18, 2019 $0.10; Jun 24, 2019 $0.16; Sep 23, 2019 $0.14; Dec 23, 2019 $0.19; Mar 23, 2020 $0.17; Jun 22, 2020 $0.17; Sep 21, 2020 $0.17; Dec 21, 2020 $0.17; Mar 22, 2021 $0.08; Jun 21, 2021 $0.07; Sep 20, 2021 $0.07; Dec 20, 2021 $0.13; Mar 21, 2022 $0.14; Jun 21, 2022 $0.23; Sep 19, 2022 $0.28; Dec 19, 2022 $0.30; Mar 20, 2023 $0.34; Jun 20, 2023 $0.28; Sep 18, 2023 $0.28; Dec 18, 2023 $0.16; Mar 18, 2024 $0.13; Jun 24, 2024 $0.07; Sep 23, 2024 $0.07; Dec 23, 2024 $0.19; Mar 24, 2025 $0.18; Jun 23, 2025 $0.21; Sep 22, 2025 $0.19; Dec 22, 2025 $0.29; Mar 23, 2026 $0.32; Jun 22, 2026 $0.25; Sep 21, 2026 $0.24. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 25, 2026$0.24
Jun 22, 2026Jun 26, 2026$0.25
Mar 23, 2026Mar 27, 2026$0.32
Dec 22, 2025Dec 26, 2025$0.29
Sep 22, 2025Sep 26, 2025$0.19
Jun 23, 2025Jun 27, 2025$0.21
Mar 24, 2025Mar 28, 2025$0.18
Dec 23, 2024Dec 27, 2024$0.19
Sep 23, 2024Sep 27, 2024$0.07
Jun 24, 2024Jun 28, 2024$0.07
Mar 18, 2024Mar 22, 2024$0.13
Dec 18, 2023Dec 22, 2023$0.16

See all 43 payments⁠

$10,000 in SPMO 10 years ago paid $2,483 in dividends.⁠

SPMO Risk

Risk pillarD36 out of 100Rank 21 of 30 in US Factor Index
How much the fund’s monthly returns vary, scaled to a year.
21.9%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.30
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−22.7%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.28
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

SPMO Cost

Compare SPMO and MGV

Overpaying vs MGV, cheapest in US Factor Index

$1,666

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SPMO 0.13%

    $2,726

  • MGV 0.05% Cheapest

    $1,060

$10,000
30 years

Cost over time

  • SPMO 0.13%
  • MGV 0.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K051015202530SPMO $2,726MGV $1,060

Year by year

YearSPMOMGVOverpaying
10$238$92$146
20$930$360$570
30$2,726$1,060$1,666

Other funds in US Factor Index

See others