Compare/Updated Oct 26, 2026, refreshed every trading day
SPMO vs SCHG
Invesco S&P 500 Momentum ETF against Schwab U.S. Large-Cap Growth ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
SPMO did better over the 1,000-trading-day period: $1,000 invested on October 28, 2022 grew to $2,529, versus $2,406 for SCHG. That represents returns of 152.9% and 140.6%, respectively, giving SPMO the stronger result by 12.3 percentage points. The outperformance matters because SPMO achieved higher returns despite both funds providing exposure to large-cap growth stocks, although its momentum strategy carried more risk. SPMO’s 12-month volatility was 25.0%, compared with 16.8% for SCHG, and its worst drawdown was -20.1%, versus -23.4% for SCHG. SPMO also has a higher expense ratio of 0.13%, compared with 0.04% for SCHG. Recent performance favored SPMO over one year and YTD, while SCHG led over one and three months. The funds’ daily moves were correlated at 0.772.
- 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 ($33); 50-day at $36.
- RSI 38, neutral. Supertrend says sell. ADX 23, so the trend is developing.
Head to head
Which has returned more, SPMO or SCHG?
SPMO beat SCHG in 26 of the last 48 months; SCHG won the other 22. The typical monthly gap was 2.09 points.
Total return by period
Which is riskier?
SPMO: Feb 13, 2025 to Apr 4, 2025; SCHG: Dec 16, 2024 to Apr 8, 2025
- 0.772
- correlation of daily moves, 4 years
- 0.80
- SPMO move per 1% in SCHG
- 0.671
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 2.09 points.
When did they diverge?
| Month | SPMO | SCHG | Gap |
|---|---|---|---|
| July 2026 | -11.0% | +1.0% | -11.94 pts |
| May 2023 | -5.5% | +6.3% | -11.84 pts |
| June 2026 | +7.4% | -3.6% | +11.00 pts |
| January 2023 | -0.5% | +9.9% | -10.41 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
What do you actually own with SPMO and SCHG?
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