ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Invesco is a major player in the ETF space known for offering a broad, diversified lineup of 71 funds spanning multiple investment themes and strategies. Their portfolio spans income-focused funds, factor-based equity strategies, commodity exposure, digital assets, ESG investing, and the popular Invesco QQQ family tracking the Nasdaq-100, serving both income-seeking and growth-oriented investors. The issuer is particularly recognized for specialized offerings like BulletShares (laddered bond funds), sector rotation strategies, and thematic investing options, making it a comprehensive choice for investors seeking varied exposures beyond traditional index funds.
See our curated list of related YouTube videos on SPMO.
Track the S&P 500 Momentum Index, providing factor exposure to the highest momentum names within the S&P 500.
Asset class
Equity
Equity
Inception date
02/17/1988
10/09/2015
Beta
1.0
1.28
Last dividend
$0.6950
$0.2450
Ex-dividend date
04/10/2026
06/22/2026
Bottom lineFXAIX and SPMO are nearly interchangeable — both offer very similar exposure with very similar cost and risk. The clearest tie-breaker is cost: SPMO is cheaper at 0.13% vs 0.49%.
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each security at current yields.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
FXAIX (Fidelity 500 Index Fund) is a mutual fund, while SPMO (Invesco S&P 500 Momentum ETF) is an ETF — they take fundamentally different approaches.
FXAIX offers the higher yield at 1.06% vs 0.64% for SPMO. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SPMO is cheaper with an expense ratio of 0.13% compared to 0.49%.
FXAIX is the larger fund by assets ($828B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose FXAIX
Fidelity 500 Index Fund
Want broad equity exposure.
Prefer lower volatility — a beta of 1.0 vs 1.3 for SPMO.
Choose SPMO
Invesco S&P 500 Momentum ETF
Want broad equity exposure.
Want to keep costs low — a 0.13% expense ratio vs 0.49% for FXAIX.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, FXAIX would generate roughly $8.83/month, while SPMO would produce $5.33/month, at current distribution rates. Both pay quarterly distributions.
FXAIX yield1.06%
SPMO yield0.64%
Monthly diff on $10K$3.50
Cost & efficiency
Over 10 years on $10,000, FXAIX would cost approximately $490 in fees vs $130 for SPMO (simplified, not compounded). The $360.00 difference may be offset by yield or performance.
FXAIX ER0.49%
SPMO ER0.13%
Strategy & risk
FXAIX is a mutual fund, while SPMO tracks S&P 500 Momentum Index with an index approach. Beta is 1.0 for FXAIX and 1.28 for SPMO, indicating FXAIX is less volatile relative to the market.
FXAIX beta1.0
SPMO beta1.28
Fund details
FXAIX is managed by Fidelity Investments (launched 02/17/1988) with $828B in assets. SPMO is managed by Invesco (launched 10/09/2015) with $20.3B in assets.
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Frequently asked questions
Is FXAIX or SPMO better for dividend income?
It depends on your goals. FXAIX currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between FXAIX and SPMO?
FXAIX (Fidelity 500 Index Fund) is a mutual fund, while SPMO (Invesco S&P 500 Momentum ETF) tracks S&P 500 Momentum Index with an index approach. They are issued by Fidelity Investments and Invesco respectively.
Can I hold both FXAIX and SPMO?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, FXAIX or SPMO?
FXAIX has an expense ratio of 0.49% while SPMO charges 0.13%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in FXAIX vs SPMO generate?
At current rates, $10,000 in FXAIX would generate roughly $8.83 per month ($106.00 annually). The same in SPMO would produce about $5.33 per month ($64.00 annually).
Explore related screeners
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