Data as of Oct 28, 2026.
BND vs SPMO: Differences, Returns & Fees
Over the year to Oct 28, 2026, BND returned −1.3% to SPMO's +18.4%; 0% of their weight is in the same names.
askIQ about this page
askIQ about BND and SPMO
Net assets: $161.4bn on Sep 30, 2026 for Vanguard Total Bond Market ETF, and $22.3bn on Oct 27, 2026 for Invesco S&P 500 Momentum ETF.
Pair scorecard
BND costs 0.10 points a year less; their one-year returns differ by 19.7 points.
| Measure | BND | SPMO |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.3% | +18.4% |
| Drawdown | ||
| Below its high | 3.5%, high on Aug 6, 2020 | 10.2%, high on Jun 22, 2026 |
| Benchmark | ||
| What it tracks | Bloomberg U.S. Aggregate Float Adjusted Index | S&P 500 Momentum Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.13% |
| Net assets, BND as of Sep 30, 2026 and SPMO as of Oct 27, 2026 | $161.4bn | $22.3bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 50.7% | |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Oct 23, 2015 to Oct 23, 2026 · 574 weekly returnsEach against its own benchmark: BND against AGG, Apr 20, 2007 to Oct 23, 2026; SPMO against VOO, Oct 23, 2015 to Oct 23, 2026.
SPMO returned more: +519.8% to +19.5%. BND swung less: 5.0% to 19.0%. BND fell less at its worst: −18.4% to −28.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | BND | SPMO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +19.5% | +519.8% | SPMO | Price change plus distributions, reinvested. |
| Annualized | +1.6% | +18.0% | SPMO | Total return as a yearly rate. |
| Price return | −13.2% | +442.9% | SPMO | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 5.0% | 19.0% | BND | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 3.7% | 12.6% | BND | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −18.4% | −28.3% | BND | Deepest fall from a high to the low after it. |
| Upside capture | 95.8% | 98.9% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 95.6% | 93.8% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.91 | 0.98 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.94 | 0.74 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | −0.11 | 0.84 | SPMO | Return above Treasury bills per unit of volatility. |
| Sortino | −0.16 | 1.27 | SPMO | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.016 | 0.164 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.09 | 0.63 | SPMO | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | AGG | VOO | The ETF each fund is measured against. | |
| Alpha | +0.2% a year | +3.8% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.59 | 1.28 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.4% to +0.7% | −2.0% to +9.5% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.03 | 0.36 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.3% | 9.7% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 574 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BND and SPMO hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
BND and SPMO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BND and SPMO do different jobs. What does each one do in a portfolio?
- What each follows. BND follows Bloomberg U.S. Aggregate Float Adjusted Index and SPMO follows S&P 500 Momentum Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Sep 30, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 BND returned −1.3% and SPMO +18.4% with distributions reinvested, a gap of 19.7 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
BND
BND tracks an index of US aggregate bonds. Over the year to Oct 28, 2026 it returned −1.3% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Float Adjusted Index, measured by the closely related Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.03% a year. It sat 3.5% below its high of Aug 6, 2020 on Oct 28, 2026.
SPMO
SPMO tracks the S&P 500 Momentum. Over the year to Oct 28, 2026 it returned +18.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.13% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 50.7%. It sat 10.2% below its high of Jun 22, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, BND or SPMO?
- In the year to Oct 28, 2026, with distributions reinvested, BND returned −1.3% and SPMO +18.4%.
- Which is cheaper, BND or SPMO?
- BND is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, BND against SPMO, data as of Oct 28, 2026. https://etfiq.com/compare/any/bnd-vs-spmo
ETFIQ. (Oct 28, 2026). BND against SPMO. Retrieved from https://etfiq.com/compare/any/bnd-vs-spmo
[BND against SPMO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bnd-vs-spmo)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.