Compare/Updated Oct 26, 2026, refreshed every trading day
SPMO vs VUG
Invesco S&P 500 Momentum ETF against Vanguard Morningstar Growth 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 October 28, 2022 would be worth $2,529 today, versus $2,361 for VUG. SPMO also posted stronger 1-year and 3-year returns, although it was more volatile, with 12-month volatility of 25.0% versus 18.0% for VUG. Its worst drawdown was -20.1%, compared with -22.8% for VUG. The funds remained closely related, with 0.795 correlation in daily moves, but SPMO beat VUG in 27 of the last 48 months and typically led by 1.76 percentage points when it won. The trade-off is cost: SPMO’s 0.13% expense ratio is higher than VUG’s 0.03%. Thus, SPMO delivered better growth, while VUG offered lower volatility and lower fees.
- 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 ($84); 50-day at $89.
- RSI 37, neutral. Supertrend says sell. ADX 23, so the trend is developing.
Head to head
Which has returned more, SPMO or VUG?
SPMO beat VUG in 27 of the last 48 months; VUG won the other 21. The typical monthly gap was 1.76 points.
Total return by period
Which is riskier?
SPMO: Feb 13, 2025 to Apr 4, 2025; VUG: Feb 19, 2025 to Apr 8, 2025
- 0.795
- correlation of daily moves, 4 years
- 0.81
- SPMO move per 1% in VUG
- 0.760
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 1.76 points.
When did they diverge?
| Month | SPMO | VUG | Gap |
|---|---|---|---|
| June 2026 | +7.4% | -3.8% | +11.20 pts |
| January 2023 | -0.5% | +10.4% | -10.84 pts |
| May 2023 | -5.5% | +5.2% | -10.68 pts |
| July 2026 | -11.0% | -1.1% | -9.88 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 VUG?
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