SPMO vs VYM
Invesco S&P 500 Momentum ETF vs Vanguard High Dividend Yield ETF
Which is better, SPMO or VYM?
Large Cap Growth against Large Cap Value.
VYM has a lower expense ratio. SPMO led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% 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 | SPMO | VYM |
|---|---|---|
| Expense Ratio | 0.13% | 0.04%Best |
| AUM | $22.0B | $81.6B |
| Dividend Yield | 0.71% | 2.22% |
| Holdings | 101 | 613 |
| YTD Return | +27.50%Best | +10.23% |
| 1Y Return | +25.78%Best | +14.28% |
| 3Y Return (annualized) | +39.05%Best | +17.50% |
| 5Y Return (annualized) | +20.43%Best | +11.60% |
| Volatility (annualized) | 17.5% | 13.9%Best |
| Max Drawdown | -31.3%Best | -35.7% |
| $10,000 over 5 years | $25,332Best | $17,311 |
| Top 10 Weight | 51.7% | 26.1%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Oct 9, 2015 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Oct 12, 2015 to Sep 23, 2026 (10.9 years).
SPMO vs VYM 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 VYM Performance
Invesco S&P 500 Momentum ETF (SPMO) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year SPMO returned +25.78% while VYM returned +14.28%. Year to date, SPMO is up 27.50% versus a gain of 10.23% for VYM.
Over three years, SPMO compounded at +39.05% per year against +17.50% for VYM; over five years the annualized figures are +20.43% and +11.60% respectively. Across the full 11-year window we track, SPMO has the edge at +18.46% annualized vs +9.87%.
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 13.9% for VYM. 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 -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPMO charges 0.13% per year while VYM charges 0.04%. On a $10,000 position that is $13 vs $4 annually, a gap of $9 per year that compounds over a long holding period. On income, SPMO currently yields 0.71% against 2.22% for VYM.
Holdings Overlap
36.4% of SPMO's money is in holdings VYM also owns. 30.7% of VYM's money is in holdings SPMO also owns.
The two portfolios partly overlap.
53 positions in common, counted across the 100 positions we hold weights for in SPMO and 557 in VYM, against full books of 101 and 613.
What only one of them owns
Measured across the 100 and 557 positions we hold weights for.
VYM holds 475 positions SPMO does not, 66.4% of the fund.
Largest: JPM 3.82%, ABBV 1.80%, BAC 1.66%, UNH 1.52%, CVX 1.48%
Top Shared Holdings
| Stock | Weight in SPMO | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 6.42% | 7.35% | 0.93% |
| JNJJohnson & Johnson - Common | 4.67% | 2.51% | 2.16% |
| XOMExxon Mobil Corp. | 3.17% | 2.63% | 0.54% |
| CATCaterpillar, Inc. | 2.43% | 1.50% | 0.93% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.89% | 1.86% | 0.03% |
| KOCoca Cola Co. | 1.39% | 1.38% | 0.01% |
| PMPhilip Morris International Inc. | 1.40% | 1.21% | 0.19% |
| GSGoldman Sachs Group Inc/The | 1.46% | 1.13% | 0.33% |
| MSMorgan Stanley | 1.01% | 0.96% | 0.05% |
| CCitigroup Inc. | 1.04% | 0.89% | 0.15% |
36.4% of SPMO is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, SPMO or VYM?
SPMO has an expense ratio of 0.13% while VYM charges 0.04%. VYM is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, SPMO or VYM?
Over the past year SPMO returned +25.78% vs +14.28% for VYM, so SPMO leads on 1-year performance. Over the longest common window we track (11 years), SPMO annualized +18.46% vs +9.87% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPMO or VYM?
SPMO has been the more volatile fund at 17.5% annualized versus 13.9% for VYM. Worst drawdown: SPMO -31.3% vs VYM -35.7%.
Should I hold both SPMO and VYM?
SPMO and VYM have a monthly-return correlation of 0.70, 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 VYM?
36.4% of SPMO's money is in holdings VYM also owns. 30.7% of VYM's is in holdings SPMO also owns. They hold 53 positions in common, counted across the 100 positions we hold weights for in SPMO and 557 in VYM.
Which pays a higher dividend, SPMO or VYM?
SPMO yields 0.71% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than SPMO?
VYM has a lower expense ratio. SPMO led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% 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.