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SPMO — Invesco S&P 500 Momentum ETF

SPMO tracks the S&P 500 Momentum Index—large-cap U.S. names with stronger risk-adjusted momentum scores, rebalanced on a published rules schedule.

Equity Efficiency:A+Capital Efficiency grades how well this ETF delivers equity-side returns relative to the capital and beta it uses, with SPY as the B baseline. Leveraged ETFs score higher when they free up capital for an alpha sleeve. Long/short and factor ETFs are graded on excess return versus SPY, net of costs. SPMO targets S&P 500 momentum factor exposure: rules-based tilts toward recent relative strength within the large-cap universe.

SPMO price history

Range
+24.89%
Total return (1Y)
SPMO

Total return (Yahoo adjusted close—dividends and splits per Yahoo), normalized to $10,000 at first available trade date. Educational only.

Strategy

S&P’s momentum index ranks S&P 500 constituents on risk-adjusted price strength over a defined lookback, then rebalances semiannually—so you inherit concentrated winners (often mega-cap growth) until the next rebalance forces turnover.

Momentum crashes happen when leadership flips between rebalances. S&P Dow Jones methodology includes volatility scaling and buffer rules that damp (but do not eliminate) whipsaw.

Manager and Issuer Pedigree

Invesco is a top-five ETF issuer by listed assets with deep capital markets and securities lending infrastructure; SPMO benefits from tight tracking and liquidity in a crowded factor category.

Invesco Ltd. reported preliminary AUM of about $2.17 trillion at Dec. 31, 2025—scale that supports tight spreads on a $13B sleeve even when momentum names are the most crowded trades in the market.

Outperformance

Outperforms when trends persist longer than expected: AI capex cycles, narrow leadership, or sector rotations where winners keep winning into the next rebalance.

Underperforms in sharp factor reversals (growth to value handoffs) and after parabolic moves that mean-revert between index rebalances; favorable tape is trending, orderly liquidity, not every risk-on rip.

Similar ETFs

TickerNameScoreMERAUM
SPMOInvesco S&P 500 Momentum ETFA+0.13%~$13B
PTFInvesco Dorsey Wright Technology Momentum ETFA0.68%~$300M
FMTMMarketDesk Focused U.S. Momentum ETFA+0.45%~$186M
STRNSMART Trend 25 ETFA+0.59%~$20M
VAMOCambria Value and Momentum ETFA0.65%~$83M

Top US portfolios that hold SPMO

PortfolioCategoryPortfolio ratingAllocation
Factor - Momentum & Value BarbellFactorA30%
Trend - CTA / Managed FuturesTrend / CTAA25%
Alpha QuadrantsMulti-StratA15%
US + Gold & Alt BlendMulti-StratA15%

Official ETF page

Read the official ETF page for current NAV, holdings, and documents: Invesco (SPMO).

Beta and MER may not be accurate.
Educational content only; not investment advice. Past performance does not guarantee future results.