Compare/Updated Oct 26, 2026, refreshed every trading day
SPMO vs QQQM
Invesco S&P 500 Momentum ETF against Invesco NASDAQ 100 ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
QQQM did slightly better over the full period: $1,000 invested on October 28, 2022 grew to $2,572 versus $2,529 for SPMO, a 157.2% versus 152.9% total return. However, SPMO delivered the stronger three-year return, 145.0% versus QQQM’s 97.5%, and outperformed in 28 of the last 48 months. QQQM had lower 12-month volatility at 19.9% versus SPMO’s 25.0%, while SPMO’s worst drawdown was smaller, -20.1% versus QQQM’s -22.7%. The funds were highly correlated, with a 0.830 daily-move correlation, so diversification benefits were limited. Overall, QQQM was the marginal long-period winner with lower recent volatility, while SPMO offered stronger recent multi-year momentum but greater volatility.
- 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 ($278); 50-day at $299.
- RSI 37, neutral. Supertrend says sell. ADX 25, so the trend is developing.
Head to head
Which has returned more, SPMO or QQQM?
SPMO beat QQQM in 28 of the last 48 months; QQQM 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; QQQM: Feb 19, 2025 to Apr 8, 2025
- 0.830
- correlation of daily moves, 4 years
- 0.82
- SPMO move per 1% in QQQM
- 0.895
- 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 | QQQM | Gap |
|---|---|---|---|
| May 2023 | -5.5% | +7.8% | -13.36 pts |
| January 2023 | -0.5% | +10.7% | -11.14 pts |
| March 2023 | +1.8% | +9.5% | -7.74 pts |
| June 2026 | +7.4% | -0.2% | +7.65 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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