ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
VanEck is known for offering specialized and thematic ETFs across diverse asset classes, including commodities, digital assets, and sector-specific investments. The firm's 22-fund lineup spans income-generating options, covered call strategies, and growth-focused equity funds, with popular tickers including GDX (gold miners), SMH (semiconductors), MOAT (competitive advantage stocks), and HODL (bitcoin). VanEck distinguishes itself through niche exposure areas such as digital assets, commodities, and thematic investing strategies, complemented by traditional bond and municipal bond offerings.
See our curated list of related YouTube videos on SMH.
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
12/20/2011
10/09/2015
Beta
1.98
1.28
Last dividend
$1.1050
$0.2450
Ex-dividend date
12/22/2025
06/22/2026
Bottom lineSMH and SPMO are nearly interchangeable — both offer very similar semiconductors exposure with very similar cost and risk. The clearest tie-breaker is cost: SPMO is cheaper at 0.13% vs 0.35%.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
SMH (VanEck Semiconductor ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both dividend ETFs, but they take different approaches.
SPMO offers the higher yield at 0.64% vs 0.18% for SMH. 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 0.35%.
They track different benchmarks: SMH is linked to MVIS US Listed Semiconductor 25 Index while SPMO tracks S&P 500 Momentum Index, which means their performance drivers differ.
SMH is the larger fund by assets ($65.1B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, SMH would generate roughly $1.50/month, while SPMO would produce $5.33/month, at current distribution rates.
SMH yield0.18%
SPMO yield0.64%
Monthly diff on $10K$3.83
Cost & efficiency
Over 10 years on $10,000, SMH would cost approximately $350 in fees vs $130 for SPMO (simplified, not compounded). The $220.00 difference may be offset by yield or performance.
SMH ER0.35%
SPMO ER0.13%
Strategy & risk
SMH tracks MVIS US Listed Semiconductor 25 Index with a technology approach, while SPMO tracks S&P 500 Momentum Index with an index approach. Beta is 1.98 for SMH and 1.28 for SPMO, indicating SPMO is less volatile relative to the market.
SMH beta1.98
SPMO beta1.28
Fund details
SMH is managed by VanEck (launched 12/20/2011) with $65.1B in assets. SPMO is managed by Invesco (launched 10/09/2015) with $20.3B in assets.
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Frequently asked questions
Is SMH or SPMO 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 SMH and SPMO?
SMH (VanEck Semiconductor ETF) tracks MVIS US Listed Semiconductor 25 Index with a technology approach, while SPMO (Invesco S&P 500 Momentum ETF) tracks S&P 500 Momentum Index with an index approach. They are issued by VanEck and Invesco respectively.
Can I hold both SMH 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, SMH or SPMO?
SMH has an expense ratio of 0.35% 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 SMH vs SPMO generate?
At current rates, $10,000 in SMH would generate roughly $1.50 per month ($18.00 annually). The same in SPMO would produce about $5.33 per month ($64.00 annually).
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