Compare/Updated Oct 26, 2026, refreshed every trading day
SPMO vs VOO
Invesco S&P 500 Momentum ETF against Vanguard S&P 500 ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
SPMO did better over the period: $1,000 invested on Oct 28, 2022 would be worth $2,529 versus $2,065 for VOO, a 152.9% gain versus 106.5%. SPMO also led over one and three years and beat VOO in 28 of the last 48 months, reflecting its momentum-focused strategy. However, the stronger returns came with substantially higher risk: 12-month volatility was 25.0% for SPMO versus 12.7% for VOO, while maximum drawdowns were similar at -20.1% and -18.7%, respectively. SPMO’s expense ratio was 0.13%, compared with 0.03% for VOO. The comparison matters because SPMO provided greater growth but with more day-to-day variability, whereas VOO delivered lower returns with materially steadier performance and broader diversification.
- 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 ($665); 50-day at $705.
- RSI 42, neutral. Supertrend says sell. ADX 14, so the trend is weak.
Head to head
Which has returned more, SPMO or VOO?
SPMO beat VOO in 28 of the last 48 months; VOO won the other 20. The typical monthly gap was 1.83 points.
Total return by period
Which is riskier?
SPMO: Feb 13, 2025 to Apr 4, 2025; VOO: Feb 19, 2025 to Apr 8, 2025
- 0.824
- correlation of daily moves, 4 years
- 1.12
- SPMO move per 1% in VOO
- 0.781
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 1.83 points.
When did they diverge?
| Month | SPMO | VOO | Gap |
|---|---|---|---|
| July 2026 | -11.0% | -0.0% | -10.94 pts |
| April 2026 | +19.3% | +10.6% | +8.79 pts |
| June 2026 | +7.4% | -1.0% | +8.39 pts |
| October 2026 | -8.5% | -0.3% | -8.20 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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