IVV vs SPMO
iShares Core S&P 500 ETF vs Invesco S&P 500 Momentum ETF
Quick Verdict
IVV has a lower expense ratio. SPMO delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | SPMO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.13% | |
| AUM | $865.2B | $21.0B | |
| Dividend Yield | 1.09% | 0.65% | |
| Holdings | 508 | 102 | |
| YTD Return | +14.50% | +28.18% | |
| 1Y Return | +22.02% | +30.67% | |
| 3Y Return (annualized) | +21.80% | +38.54% | |
| 5Y Return (annualized) | +13.37% | +21.20% | |
| Volatility (annualized) | 15.1% | 17.6% | |
| Max Drawdown | -56.5% | -31.3% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 9, 2015 |
IVV vs SPMO Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P 500 Momentum ETF (SPMO) is a ETF from Invesco (US). Over the past year IVV returned +22.02% while SPMO returned +30.67%. Year to date, IVV is up 14.50% versus a gain of 28.18% for SPMO.
Over three years, IVV compounded at +21.80% per year against +38.54% for SPMO; over five years the annualized figures are +13.37% and +21.20% respectively. Across the full 11-year window we track, SPMO has the edge at +18.72% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPMO has been the more volatile fund, with annualized monthly volatility of 17.6% 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 -56.5% for IVV and -31.3% for SPMO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 1.09% against 0.65% for SPMO.
Holdings Overlap
IVV and SPMO share 98 holdings out of 506 unique holdings combined, representing a 35.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $10 per year of difference.
Which performed better, IVV or SPMO?
Over the past year IVV returned +22.02% vs +30.67% for SPMO, so SPMO leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +7.07% vs +18.72% for SPMO. Past performance does not guarantee future results.
Which is riskier, IVV or SPMO?
SPMO has been the more volatile fund at 17.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPMO -31.3%.
Should I hold both IVV and SPMO?
IVV and SPMO have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPMO?
IVV and SPMO share 98 common holdings with a 35.8% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or SPMO?
IVV yields 1.09% while SPMO yields 0.65%, so IVV currently pays the higher dividend yield.
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