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ETF Comparison

SPLG vs SPMO: Which Is the Better Pick in 2026?

A head-to-head comparison of SPDR Portfolio S&P 500 ETF and Invesco S&P 500 Momentum ETF covering yield, cost, risk, and income potential.

Data updated July 15, 2026

ETFs182
Total AUM$2117B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

State Street Global Advisors (SSGA) is one of the largest ETF providers globally, known for its flagship SPDR suite of exchange-traded products that serve both institutional and retail investors across a broad range of asset classes. Their 88-fund lineup spans diverse strategies including sector exposure (Select Sector SPDR), income generation (Income and Select Sector SPDR Premium Income families), commodities (including the widely-held GLD gold ETF), bonds, ESG-focused investments, and thematic allocations, with popular tickers like DIA (Diamonds Trust), FEZ (Eurozone exposure), and JNK (high-yield bonds) among their most recognized funds. The issuer is characterized by its comprehensive coverage across multiple market segments and its emphasis on both traditional index-based products and specialized strategies like covered call income funds and factor-based investing.

See our curated list of related YouTube videos on SPLG.

ETFs256
Total AUM$971B

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.

Side-by-side snapshot

SPLGSPMO
Full nameSPDR Portfolio S&P 500 ETFInvesco S&P 500 Momentum ETF
IssuerState StreetInvesco
Last Close$80.86 as of July 15, 2026$152.86 as of July 15, 2026
Distribution yield1.18%0.64%
Distribution Safety Score 7972
Expense ratio0.02%0.13%
AUM$97.3B$20.3B
Distribution frequencyQuarterlyQuarterly
Underlying indexS&P 500 IndexS&P 500 Momentum Index
ObjectiveTrack the S&P 500 Index at a low expense ratio for core U.S. equity exposure.Track the S&P 500 Momentum Index, providing factor exposure to the highest momentum names within the S&P 500.
Asset classEquityEquity
Inception date11/08/200510/09/2015
Beta1.01.28
Last dividend$0.2392$0.2450
Ex-dividend date06/12/202606/22/2026

Bottom lineChoose SPLG if you want higher current income (1.18% vs 0.64% for SPMO). Choose SPMO if you want broad equity exposure.

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Quick verdict

SPLG (SPDR Portfolio S&P 500 ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both quarterly-pay dividend ETFs, but they take different approaches.

SPLG offers the higher yield at 1.18% vs 0.64% for SPMO. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

SPLG is cheaper with an expense ratio of 0.02% compared to 0.13%.

They track different benchmarks: SPLG is linked to S&P 500 Index while SPMO tracks S&P 500 Momentum Index, which means their performance drivers differ.

SPLG is the larger fund by assets ($97.3B), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment, SPLG would generate roughly $9.83/month, while SPMO would produce $5.33/month, at current distribution rates. Both pay quarterly distributions.

SPLG yield1.18%
SPMO yield0.64%
Monthly diff on $10K$4.50

Cost & efficiency

Over 10 years on $10,000, SPLG would cost approximately $20 in fees vs $130 for SPMO (simplified, not compounded). The $110.00 difference may be offset by yield or performance.

SPLG ER0.02%
SPMO ER0.13%

Strategy & risk

SPLG tracks S&P 500 Index with a large cap approach, while SPMO tracks S&P 500 Momentum Index with an index approach. Beta is 1.0 for SPLG and 1.28 for SPMO, indicating SPLG is less volatile relative to the market.

SPLG beta1.0
SPMO beta1.28

Fund details

SPLG is managed by State Street (launched 11/08/2005) with $97.3B in assets. SPMO is managed by Invesco (launched 10/09/2015) with $20.3B in assets.

SPLG AUM$97.3B
SPMO AUM$20.3B

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Frequently asked questions

Is SPLG or SPMO better for dividend income?

It depends on your goals. SPLG 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 SPLG and SPMO?

SPLG (SPDR Portfolio S&P 500 ETF) tracks S&P 500 Index with a large cap approach, while SPMO (Invesco S&P 500 Momentum ETF) tracks S&P 500 Momentum Index with an index approach. They are issued by State Street and Invesco respectively.

Can I hold both SPLG 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, SPLG or SPMO?

SPLG has an expense ratio of 0.02% 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 SPLG vs SPMO generate?

At current rates, $10,000 in SPLG would generate roughly $9.83 per month ($118.00 annually). The same in SPMO would produce about $5.33 per month ($64.00 annually).

More comparisons to explore

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