Invesco S&P 500 Momentum ETF
$148.03−1.33 (−0.89%)
- 0.13%
- $23.3B
- +27.1%
- 0.74%
- 2.1M sh
- $151.14
- low $107.24high $162.30
The ETF.net SPMO Grade
B
Score 67 out of 100
- 8 of 30
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 100Rank 4 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.B56 out of 100Rank 19 of 23Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C40 out of 100Rank 20 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A94 out of 100Rank 2 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D25 out of 100Rank 29 of 30Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A81 out of 100Rank 3 of 30
Our read on SPMO
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.
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
- Stocks
- 102
- 51%
- MU
Sectors
- Technology54.7%
- Health Care10.1%
- Communication8.7%
- Industrials7.3%
- Financials6.5%
- Energy5.8%
- Consumer Staples2.3%
- Real Estate2.1%
- Consumer Discretionary1.3%
- Materials1.0%
- Utilities0.2%
Geography
- United States97.14%
- Singapore1.93%
- Switzerland0.54%
- Ireland0.39%
SPMO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SPMO$12,710
Returns run to the Oct 12, 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.
| Period | SPMO |
|---|---|
| Year to date | +25.9% |
| 1 month | +0.9% |
| 3 months | −2.7% |
| 1 year | +27.1% |
| 3 years | +37.3% |
| 5 years | +20.9% |
| 10 years | +20.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SPMO |
|---|---|---|
| 2026 YTD | +25.9% | |
| 2025 | +26.6% | |
| 2024 | +45.8% | |
| 2023 | +17.6% | |
| 2022 | −10.5% | |
| 2021 | +22.6% | |
| 2020 | +28.3% |
SPMO in the news
SPMO Dividends
- 0.74%
- $1.10
- $0.24 per share
- Quarterly
Distribution history
SPMO Risk
- 20.8%
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.
- 1.50
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.
- −22.7%
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.
- 1.28
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SPMO Cost
0.13%
SPMO0.13%
- The middle half of US Factor Index funds
- Median 0.30%
3 of the 30 US Factor Index funds charge less.
Other funds in US Factor Index
- BGARPiShares MSCI USA Quality GARP ETFExpense ratio 0.15%1 year return +33.6%
- BDGRWWisdomTree U.S. Quality Dividend Growth FundExpense ratio 0.28%1 year return +15.5%
- BMMTMState Street SPDR S&P 1500 Momentum Tilt ETFExpense ratio 0.12%1 year return +11.6%
- BPRFInvesco RAFI US 1000 ETFExpense ratio 0.34%1 year return +28.2%
- BNULCNuveen ESG Large-CapExpense ratio 0.21%1 year return +22.0%