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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 and QQQ.
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
SPMO (Invesco S&P 500 Momentum ETF) and QQQ (Invesco QQQ Trust) are both quarterly-pay dividend ETFs, but they take different approaches.
SPMO offers the higher yield at 0.83% vs 0.41% for QQQ. 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 0.20%.
They track different benchmarks: SPMO is linked to S&P 500 Momentum Index while QQQ tracks Nasdaq-100 Index, which means their performance drivers differ.
QQQ is the larger fund by assets ($481B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, SPMO would generate roughly $6.92/month, while QQQ would produce $3.42/month, at current distribution rates. Both pay quarterly distributions.
SPMO yield0.83%
QQQ yield0.41%
Monthly diff on $10K$3.50
Cost & efficiency
Over 10 years on $10,000, SPMO would cost approximately $130 in fees vs $200 for QQQ (simplified, not compounded). The $70.00 difference may be offset by yield or performance.
SPMO ER0.13%
QQQ ER0.20%
Strategy & risk
SPMO tracks S&P 500 Momentum Index with an index approach, while QQQ tracks Nasdaq-100 Index with a growth approach. Beta is 1.29 for SPMO and 1.23 for QQQ, indicating QQQ is less volatile relative to the market.
SPMO beta1.29
QQQ beta1.23
Fund details
SPMO is managed by Invesco (launched 10/09/2015) with $20.3B in assets. QQQ is managed by Invesco (launched 03/10/1999) with $481B in assets.
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Frequently asked questions
Is SPMO or QQQ better for dividend income?
It depends on your goals. SPMO 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 SPMO and QQQ?
SPMO (Invesco S&P 500 Momentum ETF) tracks S&P 500 Momentum Index with an index approach, while QQQ (Invesco QQQ Trust) tracks Nasdaq-100 Index with a growth approach. They are issued by Invesco and Invesco respectively.
Can I hold both SPMO and QQQ?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, SPMO or QQQ?
SPMO has an expense ratio of 0.13% while QQQ charges 0.20%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in SPMO vs QQQ generate?
At current rates, $10,000 in SPMO would generate roughly $6.92 per month ($83.00 annually). The same in QQQ would produce about $3.42 per month ($41.00 annually).
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