ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Invesco is a major ETF provider known for offering a comprehensive lineup spanning multiple asset classes and investment strategies. The company specializes in income-focused products including dividend, covered call, and bond strategies, while also maintaining broad exposure across equity, factor-based, thematic, and ESG investing themes. Invesco's portfolio ranges from index-tracking funds to alternatives and specialized offerings like digital assets and BulletShares, making it one of the more expansive ETF families available to investors.
See our curated list of related YouTube videos on SPMO.
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 SPYM.
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
SPMO has outpaced SPYM over the trailing twelve months, posting a 31.04% total return against 23.82%. The lead holds up over 10 years too: SPMO has compounded at 20.11% a year, against 15.37% for SPYM. SPYM has been the steadier holding, though — annualized volatility of 15.0% against 21.8% for SPMO. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of August 6, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Oct 2015” measures every fund from October 12, 2015 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
SPMO (Invesco S&P 500 Momentum ETF) and SPYM (SPDR Portfolio S&P 500 ETF) are both quarterly-pay dividend ETFs, but they take different approaches.
SPYM offers the higher yield at 1.06% vs 0.66% for SPMO. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SPYM is cheaper with an expense ratio of 0.02% compared to 0.13%.
They track different benchmarks: SPMO is linked to S&P 500 Momentum Index while SPYM tracks S&P 500 Index, which means their performance drivers differ.
SPYM is the larger fund by assets ($157B), which generally means tighter spreads and better liquidity.
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On a $10,000 investment, SPMO would generate roughly $5.50/month, while SPYM would produce $8.83/month, at current distribution rates. Both pay quarterly distributions.
SPMO yield0.66%
SPYM yield1.06%
Monthly diff on $10K$3.33
Cost & efficiency
Over 10 years on $10,000, SPMO would cost approximately $130 in fees vs $20 for SPYM (simplified, not compounded). The $110.00 difference may be offset by yield or performance.
SPMO ER0.13%
SPYM ER0.02%
Strategy & risk
SPMO tracks S&P 500 Momentum Index with an index approach, while SPYM tracks S&P 500 Index with a large cap approach. Beta is 1.28 for SPMO and 1.0 for SPYM, indicating SPYM is less volatile relative to the market.
SPMO beta1.28
SPYM beta1.0
Fund details
SPMO is managed by Invesco (launched 10/09/2015) with $21.3B in assets. SPYM is managed by State Street (launched 11/08/2005) with $157B in assets.
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Frequently asked questions
What is the current distribution yield for SPMO and SPYM?
SPMO currently distributes 0.66% and SPYM 1.06%, based on fund data updated August 2026. Distribution yield moves with both the payout and the share price, so check the as-of date before relying on either figure.
Is SPMO or SPYM better for dividend income?
It depends on your goals. SPYM 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 SPYM?
SPMO (Invesco S&P 500 Momentum ETF) tracks S&P 500 Momentum Index with an index approach, while SPYM (SPDR Portfolio S&P 500 ETF) tracks S&P 500 Index with a large cap approach. They are issued by Invesco and State Street respectively.
Can I hold both SPMO and SPYM?
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, SPMO or SPYM?
SPMO has an expense ratio of 0.13% while SPYM charges 0.02%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in SPMO vs SPYM generate?
At current rates, $10,000 in SPMO would generate roughly $5.50 per month ($66.00 annually). The same in SPYM would produce about $8.83 per month ($106.00 annually).
Which has performed better historically, SPMO or SPYM?
SPMO has outpaced SPYM over the trailing twelve months, posting a 31.04% total return against 23.82%. The lead holds up over 10 years too: SPMO has compounded at 20.11% a year, against 15.37% for SPYM. SPYM has been the steadier holding, though — annualized volatility of 15.0% against 21.8% for SPMO. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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