SPMO
Invesco S&P 500 Momentum ETF
The Invesco S&P 500 Momentum Portfolio tracks an index that selects and weights 100 of the highest-scoring securities by momentum held within the S&P 500.
US
EQUITY
Passive
MANAGEMENT STYLE
3.7 B
ASSETS UNDER MGMT
13 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 09, 2015 |
| Assets (mns) | $3,721 |
| Expense ratio | 13 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Momentum |
| Weighting | Momentum |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| AMAZON.COM INC | 10.5 % |
| NVIDIA CORP | 9.3 % |
| BROADCOM INC. | 7.2 % |
| META PLATFORMS INC | 6.7 % |
| BERKSHIRE HATHAWAY INC-CL B | 5.7 % |
| ELI LILLY & CO | 5.3 % |
| JPMORGAN CHASE & CO | 5.1 % |
| COSTCO WHOLESALE CORP | 4.0 % |
| WAL-MART STORES INC | 2.6 % |
| GE AEROSPACE | 1.9 % |
Constituent Breakdown
| Number of holdings | 95 |
| Herfindahl-Hirschman Index | 413 |
| Wgt avg mkt cap (mns) | $599,167 |
| Large cap (>$10bn) | 99.6% |
| Mid cap ($2-10bn) | 0.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.8 % |
 |
IRELAND | 1.9 % |
 |
SWITZERLAND | 0.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 48.3% | 58.0% | 30.2% | 17.2% | 20.2% | -- | 17.0% | Volatility | 18.6% | 17.7% | 15.9% | 18.5% | 22.7% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 75% |
| MSCI EAFE | 0.77 | 48% |
| MSCI Emg Mkts | 0.45 | 16% |
Liquidity Measures
| Avg. volume (000) | 955 |
| Turnover | 2.5% |
| Avg. Bid/Ask (% of price) | 0.16% |
| ADV of underlying (mns) | $80,779 |
Technical Indicators
| Recent close | $95.58 |
| 30d moving avg. | $96.40 |
| Annualized volatility | 19.3% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 1.1% |
| Short interest (underlying) | 1.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SPMO |
Expenses vs. SPMO |
ALTAR Score™ vs. SPMO |
|---|---|---|---|---|
| MTUM | iShares MSCI USA Momentum Factor ETF | 49.0% | +2 bp | +0.4% |
| OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 47.3% | +16 bp | +0.5% |
| MMTM | SPDR S&P 1500 Momentum Tilt ETF | 41.9% | -1 bp | +0.8% |
| TMFC | Motley Fool 100 Index ETF | 41.1% | +37 bp | -0.2% |
| FDMO | Fidelity Momentum Factor ETF | 40.7% | +2 bp | +0.2% |
| BGRO | iShares Large Cap Growth Active ETF | 39.2% | +42 bp | -0.4% |
| SFY | SoFi Select 500 ETF | 37.5% | -13 bp | +0.7% |
| FLQL | Franklin LibertyQ U.S. Equity ETF | 37.5% | +2 bp | +2.1% |
| DYNF | BlackRock U.S. Equity Factor Rotation ETF | 37.3% | +17 bp | +1.0% |
| TOPT | iShares Top 20 U.S. Stocks ETF | 37.3% | +7 bp | +0.3% |
Risk and Returns: SPMO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/20/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SPMO
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
SPMO
3.9%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. SPMO's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places SPMO in the 25th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SPMOSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| SPMO (13 bp) Percentile rank | 23 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SPMO | 13.0 | 15.9 | 28.9 |
| Peer Avg. | 28.8 | 6.6 | 35.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .