SPMO vs VOO
Invesco S&P 500 Momentum ETF vs Vanguard S&P 500 ETF
Which is better, SPMO or VOO?
Large Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. SPMO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 51.4%.
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 | SPMO | VOO |
|---|---|---|
| Expense Ratio | 0.13% | 0.03%Best |
| AUM | $22.0B | $997.4B |
| Dividend Yield | 0.71% | 1.04% |
| Holdings | 101 | 509 |
| YTD Return | +26.14%Best | +12.23% |
| 1Y Return | +27.93%Best | +18.60% |
| 3Y Return (annualized) | +37.59%Best | +20.98% |
| 5Y Return (annualized) | +20.24%Best | +12.76% |
| Volatility (annualized) | 17.5% | 15.0%Best |
| Max Drawdown | -31.3%Best | -34.3% |
| $10,000 over 5 years | $25,133Best | $18,230 |
| Top 10 Weight | 51.4% | 36.4%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Oct 9, 2015 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Oct 12, 2015 to Sep 9, 2026 (10.9 years).
SPMO vs VOO 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.
SPMO vs VOO Performance
Invesco S&P 500 Momentum ETF (SPMO) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year SPMO returned +27.93% while VOO returned +18.60%. Year to date, SPMO is up 26.14% versus a gain of 12.23% for VOO.
Over three years, SPMO compounded at +37.59% per year against +20.98% for VOO; over five years the annualized figures are +20.24% and +12.76% respectively. Across the full 11-year window we track, SPMO has the edge at +18.41% annualized vs +13.80%.
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 15.0% for VOO. 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 -31.3% for SPMO and -34.3% for VOO. 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
SPMO charges 0.13% per year while VOO charges 0.03%. On a $10,000 position that is $13 vs $3 annually, a gap of $10 per year that compounds over a long holding period. On income, SPMO currently yields 0.71% against 1.04% for VOO.
Holdings Overlap
99.7% of SPMO's money is in holdings VOO also owns. 38.3% of VOO's money is in holdings SPMO also owns.
Most of SPMO is already inside VOO. Owning both mostly buys the same companies twice.
98 positions in common, counted across the 100 positions we hold weights for in SPMO and 505 in VOO, against full books of 101 and 509.
What only one of them owns
Measured across the 100 and 505 positions we hold weights for.
VOO holds 398 positions SPMO does not, 61.1% of the fund.
Largest: AAPL 6.59%, MSFT 4.30%, AMZN 3.62%, META 1.92%, TSLA 1.84%
Top Shared Holdings
| Stock | Weight in SPMO | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.45% | 7.51% | 0.94% |
| MUMicron Technology, Inc. | 9.81% | 2.02% | 7.79% |
| AVGOBroadcom Inc | 7.06% | 2.77% | 4.29% |
| GOOGLAlphabet A Usd 0.001 | 4.75% | 3.25% | 1.50% |
| GOOGAlphabet Inc | 3.78% | 2.59% | 1.19% |
| AMDAdvanced Micro Devices Inc. | 4.14% | 1.47% | 2.67% |
| JNJJohnson & Johnson | 4.34% | 0.95% | 3.39% |
| LRCXLam Research Corpcommon Stock | 3.51% | 0.84% | 2.67% |
| XOMExxon Mobil Corp. | 2.93% | 0.88% | 2.05% |
| INTCIntel Corp. | 2.58% | 1.02% | 1.56% |
99.7% of SPMO is already inside VOO.
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, SPMO or VOO?
SPMO has an expense ratio of 0.13% while VOO charges 0.03%. VOO is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, SPMO or VOO?
Over the past year SPMO returned +27.93% vs +18.60% for VOO, so SPMO leads on 1-year performance. Over the longest common window we track (11 years), SPMO annualized +18.41% vs +13.80% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPMO or VOO?
SPMO has been the more volatile fund at 17.5% annualized versus 15.0% for VOO. Worst drawdown: SPMO -31.3% vs VOO -34.3%.
Should I hold both SPMO and VOO?
SPMO and VOO 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 SPMO and VOO?
99.7% of SPMO's money is in holdings VOO also owns. 38.3% of VOO's is in holdings SPMO also owns. They hold 98 positions in common, counted across the 100 positions we hold weights for in SPMO and 505 in VOO.
Which pays a higher dividend, SPMO or VOO?
SPMO yields 0.71% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than SPMO?
VOO has a lower expense ratio. SPMO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 51.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.