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
5.6 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) | $5,621 |
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 | 8.7 % |
NVIDIA CORP | 8.5 % |
META PLATFORMS INC | 8.3 % |
JPMORGAN CHASE & CO | 5.2 % |
WAL-MART STORES INC | 4.6 % |
TESLA MOTORS INC | 4.4 % |
BROADCOM INC. | 4.2 % |
NETFLIX INC | 3.2 % |
COSTCO WHOLESALE CORP | 2.9 % |
PALANTIR TECHNOLOGIES INC. CLASS A | 2.2 % |
Constituent Breakdown
Number of holdings | 95 |
Herfindahl-Hirschman Index | 368 |
Wgt avg mkt cap (mns) | $770,112 |
Large cap (>$10bn) | 99.9% |
Mid cap ($2-10bn) | 0.0% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 95.6 % | |
IRELAND | 0.8 % |
Historical Performance
Standardized Performance (as of 02/28/2025)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 5.0% | 29.8% | 37.5% | 20.6% | 21.8% | -- | 17.3% | Volatility | 17.8% | 18.5% | 16.3% | 18.2% | 22.9% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.95 | 74% |
MSCI EAFE | 0.74 | 47% |
MSCI Emg Mkts | 0.44 | 16% |
Liquidity Measures
Avg. volume (000) | 1,191 |
Turnover | 2.0% |
Avg. Bid/Ask (% of price) | 0.16% |
ADV of underlying (mns) | $70,997 |
Technical Indicators
Recent close | $94.14 |
30d moving avg. | $96.55 |
Annualized volatility | 18.9% |
Relative strength (RSI) | 43 |
Short interest (ETF) | 0.5% |
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 | 70.4% | +2 bp | -0.3% |
PALC | Pacer Lunt Large Cap Multi-Factor Alternator ETF | 58.5% | +47 bp | +0.5% |
AMOM | Qraft AI-Enhanced U.S. Large Cap Momentum ETF | 50.8% | +62 bp | -0.7% |
MMTM | SPDR S&P 1500 Momentum Tilt ETF | 46.7% | -1 bp | +0.3% |
VOOG | Vanguard S&P 500 Growth ETF | 45.2% | -3 bp | +0.4% |
IVW | iShares S&P 500 Growth ETF | 45.1% | +5 bp | +0.3% |
SPYG | SPDR Portfolio S&P 500 Growth ETF | 45.1% | -9 bp | +0.5% |
FDMO | Fidelity Momentum Factor ETF | 43.4% | +2 bp | -0.1% |
IUSG | iShares Core S&P U.S. Growth ETF | 43.1% | -9 bp | +0.5% |
FFOG | Franklin Focused Growth ETF | 39.9% | +48 bp | -1.4% |
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
2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | ||
---|---|---|---|---|---|---|---|---|
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
2024 | 2025E | Fwd Est | 2026E | |
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 4/2/2025
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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
4.2%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.8%. SPMO's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places SPMO in the 30rd 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 | 24 |
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. | 27.5 | 6.4 | 33.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .