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SPMO vs PIZ

Invesco S&P 500 Momentum ETF vs Invesco Dorsey Wright Developed Markets Momentum ETF

SPMO

Invesco S&P 500 Momentum ETF

Invesco

Annual cost

0.13%

Fund size

$16.0B

PIZ

Invesco Dorsey Wright Developed Markets Momentum ETF

Invesco

Annual cost

0.80%

Fund size

$775M

Key differences

  • SPMO costs 0.67% less per year.
  • SPMO is significantly larger than PIZ — larger funds tend to be more liquid and less likely to close.
  • SPMO follows a index tracking strategy; PIZ uses active selection.
  • Over the last 3 years, SPMO has delivered higher annualized returns.
  • PIZ has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

SPMOPIZ
Annual cost (TER)0.13%0.80%
Fund size (AUM)$16.0B$775M
Since20152007
Dividend yield0.76%1.35%
Asset classequityequity
Regionnorth america
Strategyindex trackingactive selection
CAGR 1Y+42.0%+31.7%
CAGR 3Y+39.6%+25.6%
CAGR 5Y+23.3%+11.6%
Sharpe 3Y1.641.13
Volatility 1Y17.45%20.15%
Max drawdown-30.95%-40.93%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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