Compare/Updated Oct 26, 2026, refreshed every trading day
SPMO vs QQQ
Invesco S&P 500 Momentum ETF against Invesco QQQ Trust, Series 1: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
QQQ did slightly better over the full period: $1,000 invested on October 28, 2022 grew to $2,565 versus $2,529 for SPMO, a difference of $36. However, SPMO delivered the stronger three-year return at 145.0% versus QQQ’s 97.2%, while QQQ had the lower 12-month volatility at 20.0% versus 25.0% and the smaller worst drawdown at -22.8% versus SPMO’s -20.1%. Recent performance was mixed: SPMO led year to date and over one year, while QQQ led over one and three months and six months. Their daily moves were highly correlated at 0.831, rising to 0.896 over the last 12 months, so diversification benefits are limited. SPMO also costs less, with a 0.13% expense ratio versus QQQ’s 0.20%.
- 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.
- Price is above its 200-day average ($676); 50-day at $725.
- RSI 37, neutral. Supertrend says sell. ADX 25, so the trend is developing.
Head to head
Which has returned more, SPMO or QQQ?
SPMO beat QQQ in 28 of the last 48 months; QQQ won the other 20. The typical monthly gap was 2.00 points.
Total return by period
Which is riskier?
SPMO: Feb 13, 2025 to Apr 4, 2025; QQQ: Feb 19, 2025 to Apr 8, 2025
- 0.831
- correlation of daily moves, 4 years
- 0.82
- SPMO move per 1% in QQQ
- 0.896
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 2.00 points.
When did they diverge?
| Month | SPMO | QQQ | Gap |
|---|---|---|---|
| May 2023 | -5.5% | +7.9% | -13.40 pts |
| January 2023 | -0.5% | +10.7% | -11.10 pts |
| March 2023 | +1.8% | +9.5% | -7.72 pts |
| June 2026 | +7.4% | -0.1% | +7.58 pts |
Where the numbers come from. 1000 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
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