Data as of Oct 28, 2026.
SPMO vs XMMO: Differences, Returns & Fees
Over the year to Oct 28, 2026, SPMO returned +18.4% to XMMO's +1.9%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $22.3bn for Invesco S&P 500 Momentum ETF and $6.7bn for Invesco S&P MidCap Momentum ETF.
Pair scorecard
SPMO costs 0.21 points a year less; their one-year returns differ by 16.5 points; SPMO is 3.3 times larger.
| Measure | SPMO | XMMO |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.4% | +1.9% |
| Drawdown | ||
| Below its high | 10.2%, high on Jun 22, 2026 | 19.8%, high on Jun 22, 2026 |
| Benchmark | ||
| What it tracks | S&P 500 Momentum Index | S&P MidCap 400 Momentum Index |
| Cost and size | ||
| Expense ratio | 0.13% | 0.34% |
| Net assets, as of Oct 27, 2026 | $22.3bn | $6.7bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 50.7% | 29.5% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 23, 2015 to Oct 23, 2026 · 574 weekly returnsSPMO returned more: +519.8% to +377.7%. SPMO swung less: 19.0% to 21.6%. SPMO fell less at its worst: −28.3% to −35.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SPMO | XMMO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +519.8% | +377.7% | SPMO | Price change plus distributions, reinvested. |
| Annualized | +18.0% | +15.2% | SPMO | Total return as a yearly rate. |
| Price return | +442.9% | +347.0% | SPMO | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.0% | 21.6% | SPMO | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.6% | 14.9% | SPMO | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −28.3% | −35.1% | SPMO | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.84 | 0.66 | SPMO | Return above Treasury bills per unit of volatility. |
| Sortino | 1.27 | 0.96 | SPMO | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.63 | 0.43 | SPMO | Annualized return divided by the max drawdown. |
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, SPMO and XMMO hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
SPMO and XMMO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SPMO and XMMO do different jobs. What does each one do in a portfolio?
- What each follows. SPMO follows S&P 500 Momentum Index and XMMO follows S&P MidCap 400 Momentum Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 SPMO returned +18.4% and XMMO +1.9% with distributions reinvested, a gap of 16.5 points.
Data as of Oct 28, 2026.
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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.
XMMO
XMMO tracks an index. Over the year to Oct 28, 2026 it returned +1.9% with distributions reinvested. The prospectus expense ratio is 0.34% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 78 positions, with the top ten at 29.5%. It sat 19.8% below its high of Jun 22, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, SPMO or XMMO?
- In the year to Oct 28, 2026, with distributions reinvested, SPMO returned +18.4% and XMMO +1.9%.
- Which is cheaper, SPMO or XMMO?
- SPMO is cheaper, by 0.21 percentage points a year. That is about $21 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.
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ETFIQ, SPMO against XMMO, data as of Oct 28, 2026. https://etfiq.com/compare/any/spmo-vs-xmmo
ETFIQ. (Oct 28, 2026). SPMO against XMMO. Retrieved from https://etfiq.com/compare/any/spmo-vs-xmmo
[SPMO against XMMO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/spmo-vs-xmmo)
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