Compare/Updated Oct 26, 2026, refreshed every trading day
VFMO vs SPMO
Vanguard U.S. Momentum Factor ETF against Invesco S&P 500 Momentum ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
SPMO did better over the Oct 28, 2022–Oct 23, 2026 period: $1,000 grew to $2,529 versus $1,883 for VFMO, a 152.9% versus 88.3% total return. SPMO also led over three years (145.0% versus 100.0%), one year (17.0% versus 14.0%), and YTD (16.9% versus 13.7%), although VFMO had the smaller one-month loss (-4.9% versus -8.9%) and slightly better three-month result (-4.2% versus -4.1%). The trade-off was modestly higher risk for SPMO: 25.0% volatility versus 24.2%, despite a less severe worst drawdown (-20.1% versus -24.4%). Their daily moves were highly correlated at 0.856, with SPMO winning 28 of the last 48 months. Both charged a 0.13% expense ratio, but SPMO had larger fund assets of $14B versus $2B.
- Price is below its 200-day average ($221); 50-day at $228.
- RSI 35, neutral. Supertrend says sell. ADX 24, so the trend is developing.
- 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, VFMO or SPMO?
VFMO beat SPMO in 20 of the last 48 months; SPMO won the other 28. The typical monthly gap was 2.43 points.
Total return by period
Which is riskier?
VFMO: Nov 26, 2024 to Apr 8, 2025; SPMO: Feb 13, 2025 to Apr 4, 2025
- 0.856
- correlation of daily moves, 4 years
- 0.90
- VFMO move per 1% in SPMO
- 0.869
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 2.43 points.
When did they diverge?
| Month | VFMO | SPMO | Gap |
|---|---|---|---|
| May 2026 | +4.0% | +12.6% | -8.53 pts |
| June 2024 | +0.3% | +7.5% | -7.19 pts |
| May 2023 | +0.4% | -5.5% | +5.94 pts |
| August 2023 | -3.5% | +2.4% | -5.81 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 VFMO and SPMO?
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