SPMO vs VTI
Invesco S&P 500 Momentum ETF vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. SPMO delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | SPMO | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.13% | 0.03% | |
| AUM | $21.0B | $663.5B | |
| Dividend Yield | 0.65% | 1.07% | |
| Holdings | 102 | 3,543 | |
| YTD Return | +28.18% | +14.96% | |
| 1Y Return | +30.67% | +22.39% | |
| 3Y Return (annualized) | +38.54% | +21.51% | |
| 5Y Return (annualized) | +21.20% | +12.36% | |
| Volatility (annualized) | 17.6% | 15.4% | |
| Max Drawdown | -31.3% | -56.6% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 9, 2015 | May 24, 2001 |
SPMO vs VTI Performance
Invesco S&P 500 Momentum ETF (SPMO) is a ETF from Invesco (US) and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year SPMO returned +30.67% while VTI returned +22.39%. Year to date, SPMO is up 28.18% versus a gain of 14.96% for VTI.
Over three years, SPMO compounded at +38.54% per year against +21.51% for VTI; over five years the annualized figures are +21.20% and +12.36% respectively. Across the full 11-year window we track, SPMO has the edge at +18.72% annualized vs +8.16%. 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 15.4% for VTI. 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 -56.6% for VTI. 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
SPMO charges 0.13% per year while VTI 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 0.65% against 1.07% for VTI.
Holdings Overlap
SPMO and VTI share 92 holdings out of 2790 unique holdings combined, representing a 33.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPMO or VTI?
SPMO has an expense ratio of 0.13% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, SPMO or VTI?
Over the past year SPMO returned +30.67% vs +22.39% for VTI, so SPMO leads on 1-year performance. Over the longest common window we track (11 years), SPMO annualized +18.72% vs +8.16% for VTI. Past performance does not guarantee future results.
Which is riskier, SPMO or VTI?
SPMO has been the more volatile fund at 17.6% annualized versus 15.4% for VTI. Worst drawdown: SPMO -31.3% vs VTI -56.6%.
Should I hold both SPMO and VTI?
SPMO and VTI 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 SPMO and VTI?
SPMO and VTI share 92 common holdings with a 33.1% weight overlap. Combined, they hold 2790 unique securities.
Which pays a higher dividend, SPMO or VTI?
SPMO yields 0.65% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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