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SPMOvsFHEQETF Comparison

ETF 1

SPMO

Invesco S&P 500® Momentum ETF

This fund is part of

US Multi-Factor

-1.16%

Full SPMO fund page

VS

ETF 2

FHEQ

Fidelity Hedged Equity ETF

This fund is part of

Options Strategies

-0.99%

Full FHEQ fund page

Invesco S&P 500® Momentum ETF (SPMO) belongs to the US Multi-Factor segment. Fidelity Hedged Equity ETF (FHEQ) is part of the Options Strategies segment. SPMO's top 3 sector exposures are Technology, Industrials and Finance. In contrast, FHEQ's top sector exposures are Technology, Finance and Industrials. SPMO is less expensive with a Total Expense Ratio (TER) of 0.13%, versus 0.52% for FHEQ. SPMO is up 14.73% year-to-date (YTD) with +$4.71B in YTD flows. FHEQ performs worse with 6.67% YTD performance, and +$103M in YTD flows. Run a side-by-side ETF comparison of SPMO and FHEQ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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SPMO vs FHEQ performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/29/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SPMO FHEQ	-14.01%+0.01%	+4.40%+3.45%	+14.73%+6.67%	+19.60%+13.13%	+145.11%n/a	+136.11%n/a
Flows	SPMO FHEQ	+$940M+$20M	+$3.58B+$72M	+$4.71B+$103M	+$6.83B+$389M	+$15.74B-	+$15.86B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SPMO FHEQ	+36.23%+10.99%	+23.37%+9.97%	+21.47%n/a	+20.44%n/a
Max drawdown	SPMO FHEQ	-15.67%-4.18%	-15.67%-7.39%	-20.01%n/a	-22.63%n/a
Max drawdown duration	SPMO FHEQ	29d57d	29d71d	88dn/a	707dn/a

Trading data

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	SPMO	FHEQ
Last sale 7/29/2026 at 1:30 PM	$136.37	$32.83
Previous close 07/29/2026	$140.95	$33.14
Consolidated volume 07/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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FHEQ

is actively managed and doesn’t replicate an index

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	SPMO	FHEQ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/29/2026 at 1:30 PM

Live

Closed

	SPMO	FHEQ
Last price	$136.37	$32.83
1D performance	-3.25%	-0.94%
AuM	$19.95 B	$911.48 M
E/R	0.13%	0.52%

Characteristics

	SPMO	FHEQ
Management strategy	Passive	Active
Provider	Invesco	Fidelity
Benchmark	S&P 500 Momentum Index	-
N° of holdings	97	153
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	October 9, 2015	April 9, 2024
ESG	No	No

More SPMO data on Trackinsight

More FHEQ data on Trackinsight

Exposure

Countries

SPMO

USA

99.3%

Other

0.7%

FHEQ

USA

98.6%

Other

1.4%

Sectors

SPMO

Technology

60.99%

Industrials

12.77%

Other

26.24%

FHEQ

Technology

48.04%

Finance

14.26%

Industrials

10.44%

Consumer Non-Cycl.

8.34%

Healthcare

8.29%

Other

10.63%

Diversification

SPMO

Total weight of top 15 holdings out of 15

63.38%

FHEQ

Total weight of top 15 holdings out of 15

46.29%

Top 15 holdings

Data as of June 30, 2026

SPMO

Micron Technology, Inc.

12.18%

NVIDIA Corp.

7.51%

Broadcom Inc.

6.03%

Johnson & Johnson

4.24%

Alphabet, Inc.

4.15%

Lam Research Corp.

4.10%

Advanced Micro Devices, Inc.

4.08%

Alphabet, Inc.

3.30%

Intel Corp.

3.22%

Sandisk Corp.

2.96%

Caterpillar, Inc.

2.89%

Exxon Mobil Corp.

2.54%

Applied Materials, Inc.

2.40%

Western Digital Corp.

1.90%

Seagate Technology Holdings Plc

1.87%

FHEQ

NVIDIA Corp.

8.01%

Apple, Inc.

7.23%

Microsoft Corp.

4.34%

Amazon.com, Inc.

3.97%

Alphabet, Inc.

3.49%

Broadcom Inc.

3.16%

Alphabet, Inc.

2.47%

Micron Technology, Inc.

2.20%

Meta Platforms, Inc.

2.13%

Berkshire Hathaway, Inc.

2.00%

JPMorgan Chase & Co.

1.79%

Eli Lilly & Co.

1.72%

Lam Research Corp.

1.32%

AbbVie, Inc.

1.24%

Tesla, Inc.

1.23%

Frequently asked questions about SPMO and FHEQ

How have the SPMO and FHEQ ETFs performed in 2026?

As of July 29, 2026, SPMO is up 14.73% year-to-date (YTD), while FHEQ has returned 6.67%. That puts SPMO better performer ahead so far this year.

Which ETF is attracting more investor money: SPMO or FHEQ?

Year-to-date, the SPMO ETF saw +$4.71B in flows, compared to +$103M for FHEQ.

Which ETF is more volatile: SPMO or FHEQ?

Over the past year, SPMO had a volatility of 23.37%, while FHEQ experienced 9.97%.

Which ETF is bigger: SPMO or FHEQ?

As of July 29, 2026, SPMO holds $19.95 B in assets under management (AUM), while FHEQ manages $911.48 M.

What sectors do the SPMO and FHEQ ETFs invest in?

SPMO leans toward sectors like Technology and Industrials. Meanwhile, FHEQ focuses on Technology, Finance and Industrials.

What are the top holdings of the SPMO ETF and FHEQ ETF?

SPMO top holdings include Micron Technology, Inc., NVIDIA Corp. and Broadcom Inc.. FHEQ holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..

Which ETF is more diversified: SPMO or FHEQ?

SPMO holds 99 securities with 63.38% of its assets in the top 15. FHEQ has 154 securities and a top 15 weight of 46.29%.

Tony’s ETF Buyer’s Guide: Hedged Equity ETFs

February 10, 2026

FHEQ

SPMOvsFHEQETF Comparison

Invesco S&P 500® Momentum ETF

Fidelity Hedged Equity ETF

SPMO vs FHEQ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the SPMO and FHEQ ETFs performed in 2026?

As of July 29, 2026, SPMO is up 14.73% year-to-date (YTD), while FHEQ has returned 6.67%. That puts SPMO better performer ahead so far this year.

Which ETF is attracting more investor money: SPMO or FHEQ?

Year-to-date, the SPMO ETF saw +$4.71B in flows, compared to +$103M for FHEQ.

Which ETF is more volatile: SPMO or FHEQ?

Over the past year, SPMO had a volatility of 23.37%, while FHEQ experienced 9.97%.

Which ETF is bigger: SPMO or FHEQ?

As of July 29, 2026, SPMO holds $19.95 B in assets under management (AUM), while FHEQ manages $911.48 M.

What sectors do the SPMO and FHEQ ETFs invest in?

SPMO leans toward sectors like Technology and Industrials. Meanwhile, FHEQ focuses on Technology, Finance and Industrials.

What are the top holdings of the SPMO ETF and FHEQ ETF?

SPMO top holdings include Micron Technology, Inc., NVIDIA Corp. and Broadcom Inc.. FHEQ holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..

Which ETF is more diversified: SPMO or FHEQ?

SPMO holds 99 securities with 63.38% of its assets in the top 15. FHEQ has 154 securities and a top 15 weight of 46.29%.

Tony’s ETF Buyer’s Guide: Hedged Equity ETFs

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