Compare/Updated Oct 26, 2026, refreshed every trading day
FMTM vs SPMO
MarketDesk Focused U.S. Momentum ETF against Invesco S&P 500 Momentum ETF: 2 years of returns, risk and today’s technical read, from Kavout’s own data.
FMTM did better over the 402 trading days from Mar 20, 2025 to Oct 23, 2026: $1,000 grew to $1,567, versus $1,490 for SPMO, a 56.7% versus 49.0% total return. FMTM also led over 1 month, 3 months, YTD, and 1 year, while SPMO led over 6 months. The difference matters because FMTM delivered higher returns despite similar risk: its 12-month volatility was 26.8% versus 25.0% for SPMO, and its worst drawdown was -15.4% versus -15.6%. FMTM’s trade-off is a higher 0.45% expense ratio versus 0.13% for SPMO, while SPMO has far larger fund assets at $14B versus FMTM’s $0B. Their daily-move correlation was 0.737, with FMTM moving 0.71% per 1% move in SPMO, so the funds are related but not interchangeable.
- Price is above its 200-day average ($38); 50-day at $39.
- RSI 50, neutral. Supertrend says sell. ADX 13, so the trend is weak.
- Price is above its 200-day average ($137); 50-day at $148.
- RSI 29, oversold. Supertrend says sell. ADX 30, so the trend is strong.
Head to head
Which has returned more, FMTM or SPMO?
FMTM beat SPMO in 9 of the last 19 months; SPMO won the other 10. The typical monthly gap was 3.70 points.
Total return by period
Which is riskier?
FMTM: Jun 30, 2026 to Jul 29, 2026; SPMO: Jun 22, 2026 to Jul 29, 2026
- 0.737
- correlation of daily moves, 2 years
- 0.71
- FMTM move per 1% in SPMO
- 0.786
- correlation, last 12 months
Month by month
Of the last 19 months. The typical gap was 3.70 points.
When did they diverge?
| Month | FMTM | SPMO | Gap |
|---|---|---|---|
| May 2026 | +2.8% | +12.6% | -9.80 pts |
| October 2026 | +0.9% | -8.5% | +9.45 pts |
| January 2026 | +9.6% | +0.5% | +9.17 pts |
| May 2025 | +2.3% | +11.4% | -9.13 pts |
Where the numbers come from. 402 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with FMTM and SPMO?
Go deeper
Ask InvestGPT which one fits your portfolio.
Eight research agents read your holdings, the overlap and the tax side, then answer in plain words. Free accounts get one report a month.
More comparisons
Find another comparison.
Track both, get told when something changes.
Add FMTM and SPMO to a watchlist and Kavout emails you when a signal flips or a price target is hit.
Free account, no card