SPMO vs VYM
Invesco S&P 500 Momentum ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. SPMO delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | SPMO | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.13% | 0.04% | |
| AUM | $22.5B | $81.6B | |
| Dividend Yield | 0.73% | 2.24% | |
| Holdings | 101 | 616 | |
| YTD Return | +28.67% | +16.42% | |
| 1Y Return | +30.89% | +24.22% | |
| 3Y Return (annualized) | +39.23% | +19.03% | |
| 5Y Return (annualized) | +21.30% | +12.21% | |
| Volatility (annualized) | 17.6% | 14.6% | |
| Max Drawdown | -31.3% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 9, 2015 | Nov 10, 2006 |
SPMO vs VYM Performance
Invesco S&P 500 Momentum ETF (SPMO) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SPMO returned +30.89% while VYM returned +24.22%. Year to date, SPMO is up 28.67% versus a gain of 16.42% for VYM.
Over three years, SPMO compounded at +39.23% per year against +19.03% for VYM; over five years the annualized figures are +21.30% and +12.21% respectively. Across the full 11-year window we track, SPMO has the edge at +18.76% annualized vs +7.10%. 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 14.6% 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 -58.8% for VYM. 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 0.71. 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 0.73% against 2.24% for VYM.
Holdings Overlap
SPMO and VYM share 53 holdings out of 649 unique holdings combined, representing a 29.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $9 per year of difference.
Which performed better, SPMO or VYM?
Over the past year SPMO returned +30.89% vs +24.22% for VYM, so SPMO leads on 1-year performance. Over the longest common window we track (11 years), SPMO annualized +18.76% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, SPMO or VYM?
SPMO has been the more volatile fund at 17.6% annualized versus 14.6% for VYM. Worst drawdown: SPMO -31.3% vs VYM -58.8%.
Should I hold both SPMO and VYM?
SPMO and VYM have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPMO and VYM?
SPMO and VYM share 53 common holdings with a 29.1% weight overlap. Combined, they hold 649 unique securities.
Which pays a higher dividend, SPMO or VYM?
SPMO yields 0.73% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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