FVAL vs SPMO: Differences, Returns & Fees
FVAL and SPMO hold 26% of their weight in the same names, and SPMO returned +25.1% over the year. Net assets: $1.4bn on Sep 30, 2026 for Fidelity Value Factor ETF, and $23.3bn on Oct 9, 2026 for Invesco S&P 500 Momentum ETF.
SPMO costs 0.02 points a year less; their one-year returns differ by 4.2 points.
| FVAL | SPMO | |
|---|---|---|
| Expense ratio | 0.15% | 0.13% |
| Net assets, FVAL as of Sep 30, 2026 and SPMO as of Oct 9, 2026 | $1.4bn | $23.3bn |
| Total return, 1 year | +20.9% | +25.1% |
| What it tracks | Fidelity U.S. Value Factor Index | S&P 500 Momentum Index |
| Holdings in common | 26% | |
| Holdings dated | Jul 31, 2026 | Oct 10, 2026 |
| Top ten holdings, share of the fund | 42.3% | 50.9% |
| Below its high | 6.3%, high on Jun 22, 2026 | |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, FVAL and SPMO hold 26% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026 and Oct 9, 2026.
half
26% in common
On the same fields
FVAL and SPMO on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About FVAL
FVAL tracks an index. Over the year to Oct 9, 2026 it returned +20.9% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 124 positions, with the top ten at 42.3%.
About SPMO
SPMO tracks the S&P 500 Momentum. Over the year to Oct 9, 2026 it returned +25.1% with distributions reinvested. The prospectus expense ratio is 0.13% a year. By its holdings published by its issuer for Oct 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 50.9%. It sat 6.3% below its high of Jun 22, 2026 on Oct 9, 2026.
Questions people ask
- Which returned more over the last year, FVAL or SPMO?
- In the year to Oct 9, 2026, with distributions reinvested, FVAL returned +20.9% and SPMO +25.1%.
- Which is cheaper, FVAL or SPMO?
- SPMO is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. 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.
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ETFIQ, FVAL against SPMO, data as of Oct 9, 2026. https://etfiq.com/compare/any/fval-vs-spmo
ETFIQ. (Oct 9, 2026). FVAL against SPMO. Retrieved from https://etfiq.com/compare/any/fval-vs-spmo
[FVAL against SPMO (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/fval-vs-spmo)
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