IVV vs SPMO
iShares Core S&P 500 ETF vs Invesco S&P 500 Momentum ETF
Which is better, IVV or SPMO?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. SPMO led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 51.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | SPMO |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.13% |
| AUM | $876.4B | $22.0B |
| Dividend Yield | 1.06% | 0.71% |
| Holdings | 508 | 101 |
| YTD Return | +13.32% | +27.50%Best |
| 1Y Return | +17.08% | +25.78%Best |
| 3Y Return (annualized) | +22.72% | +39.05%Best |
| 5Y Return (annualized) | +13.20% | +20.43%Best |
| Volatility (annualized) | 15.1%Best | 17.5% |
| Max Drawdown | -33.9% | -31.3%Best |
| $10,000 over 5 years | $18,588 | $25,332Best |
| Top 10 Weight | 37.8%Best | 51.7% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Oct 9, 2015 |
Volatility and max drawdown are measured over the window both funds cover: Oct 12, 2015 to Sep 23, 2026 (10.9 years).
IVV vs SPMO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 10.9 years both funds cover.
IVV vs SPMO Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco S&P 500 Momentum ETF (SPMO) is an ETF from Invesco (US). Over the past year IVV returned +17.08% while SPMO returned +25.78%. Year to date, IVV is up 13.32% versus a gain of 27.50% for SPMO.
Over three years, IVV compounded at +22.72% per year against +39.05% for SPMO; over five years the annualized figures are +13.20% and +20.43% respectively. Across the full 11-year window we track, SPMO has the edge at +18.46% annualized vs +13.81%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPMO has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.9% for IVV and -31.3% for SPMO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SPMO charges 0.13%. On a $10,000 position that is $3 vs $13 annually, a gap of $10 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.71% for SPMO.
Holdings Overlap
35.8% of IVV's money is in holdings SPMO also owns. 99.7% of SPMO's money is in holdings IVV also owns.
Most of SPMO is already inside IVV. Owning both mostly buys the same companies twice.
98 positions in common, counted across the 490 positions we hold weights for in IVV and 100 in SPMO, against full books of 508 and 101.
What only one of them owns
Measured across the 490 and 100 positions we hold weights for.
IVV holds 384 positions SPMO does not, 62.9% of the fund.
Largest: AAPL 7.02%, MSFT 5.69%, AMZN 3.84%, META 1.90%, TSLA 1.56%
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPMO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 9.04% | 0.97% |
| MUMicron Technology, Inc. | 1.63% | 10.83% | 9.20% |
| AVGOBroadcom Inc | 2.65% | 6.42% | 3.77% |
| GOOGLAlphabet Inc,class A | 3.00% | 4.39% | 1.39% |
| GOOGAlphabet Inc | 2.39% | 3.47% | 1.08% |
| JNJJohnson & Johnson - Common | 0.97% | 4.67% | 3.70% |
| AMDAdvanced Micro Devices Inc | 1.16% | 3.86% | 2.70% |
| XOMExxon Mobil Corp. | 1.01% | 3.17% | 2.16% |
| LRCXLrcx Uw Equity | 0.57% | 3.43% | 2.86% |
| INTCIntel Corporation | 0.67% | 2.36% | 1.69% |
99.7% of SPMO is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or SPMO?
IVV has an expense ratio of 0.03% while SPMO charges 0.13%. IVV is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, IVV or SPMO?
Over the past year IVV returned +17.08% vs +25.78% for SPMO, so SPMO leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +13.81% vs +18.46% for SPMO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPMO?
SPMO has been the more volatile fund at 17.5% annualized versus 15.1% for IVV. Worst drawdown: IVV -33.9% vs SPMO -31.3%.
Should I hold both IVV and SPMO?
IVV and SPMO have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and SPMO?
99.7% of SPMO's money is in holdings IVV also owns. 99.7% of SPMO's is in holdings IVV also owns. They hold 98 positions in common, counted across the 490 positions we hold weights for in IVV and 100 in SPMO.
Which pays a higher dividend, IVV or SPMO?
IVV yields 1.06% while SPMO yields 0.71%, so IVV currently pays the higher dividend yield.
Is SPMO better than IVV?
IVV has a lower expense ratio. SPMO led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 51.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.