SPMO vs USPX: Differences, Returns & Fees
SPMO and USPX hold 34% of their weight in the same names, and SPMO returned +25.1% over the year. Net assets on Oct 9, 2026: $23.3bn for Invesco S&P 500 Momentum ETF and $2.1bn for Franklin U.S. Equity Index ETF.
USPX costs 0.10 points a year less; their one-year returns differ by 8.2 points; SPMO is 11.2 times larger.
| SPMO | USPX | |
|---|---|---|
| Expense ratio | 0.13% | 0.03% |
| Net assets | $23.3bn | $2.1bn |
| Total return, 1 year | +25.1% | +16.9% |
| What it tracks | S&P 500 Momentum Index | Linked Morningstar US Target Market Exposure Index †† |
| Holdings in common | 34% | |
| Holdings dated | Oct 10, 2026 | Jun 30, 2026 |
| Top ten holdings, share of the fund | 50.9% | 36.2% |
| Below its high | 6.3%, high on Jun 22, 2026 | |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, SPMO and USPX hold 34% 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 Jun 30, 2026 and Oct 9, 2026.
half
34% in common
On the same fields
SPMO and USPX on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
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.
About USPX
USPX tracks an index. Over the year to Oct 9, 2026 it returned +16.9% with distributions reinvested, against +16.9% for its benchmark, the Linked Morningstar US Target Market Exposure Index ††. The prospectus expense ratio is 0.03% a year. By its holdings filed for Jun 30, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 468 positions, with the top ten at 36.2%.
Questions people ask
- Which returned more over the last year, SPMO or USPX?
- In the year to Oct 9, 2026, with distributions reinvested, SPMO returned +25.1% and USPX +16.9%.
- Which is cheaper, SPMO or USPX?
- USPX 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.
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, SPMO against USPX, data as of Oct 9, 2026. https://etfiq.com/compare/any/spmo-vs-uspx
ETFIQ. (Oct 9, 2026). SPMO against USPX. Retrieved from https://etfiq.com/compare/any/spmo-vs-uspx
[SPMO against USPX (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/spmo-vs-uspx)
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