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SPMOvsFHEQETF Comparison

ETF 1

SPMO

Invesco S&P 500® Momentum ETF

This fund is part of

US Multi-Factor

-0.2%

Full SPMO fund page

VS

ETF 2

FHEQ

Fidelity Hedged Equity ETF

This fund is part of

Options Strategies

-0.04%

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 Information Technology, Financials and Communication Services. In contrast, FHEQ's top sector exposures are Information Technology, Communication Services and Financials. SPMO is less expensive with a Total Expense Ratio (TER) of 0.13%, versus 0.52% for FHEQ. SPMO is up 3.67% year-to-date (YTD) with +$390M in YTD flows. FHEQ performs worse with -1.11% YTD performance, and +$31M 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 04/10/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SPMO FHEQ	+3.88%+0.16%	+2.66%-2.18%	+3.67%-1.11%	+40.77%+18.77%	+127.01%n/a	+132.97%n/a
Flows	SPMO FHEQ	+$358M-$55M	+$179M-$3M	+$390M+$31M	+$6.44B+$333M	+$11.38B-	+$11.52B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SPMO FHEQ	+21.56%+10.25%	+17.46%+9.78%	+18.97%n/a	+19.12%n/a
Max drawdown	SPMO FHEQ	-11.00%-7.39%	-12.63%-7.39%	-20.01%n/a	-22.63%n/a
Max drawdown duration	SPMO FHEQ	57d67d	163d67d	88dn/a	707dn/a

Trading data

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	SPMO	FHEQ
Last sale 4/10/2026 at 1:30 PM	$123.34	$30.42
Previous close 04/09/2026	$122.76	$30.47
Consolidated volume 04/09/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 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 4/10/2026 at 1:30 PM

Live

Closed

	SPMO	FHEQ
Last price	$123.34	$30.42
1D performance	+0.47%	-0.16%
AuM	$14.36 B	$779.12 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	95	140
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

97.08%

Other

2.92%

FHEQ

USA

97.68%

Other

2.32%

Sectors

SPMO

Information Techn.

34.81%

Financials

16.62%

Communication Ser.

13.75%

Industrials

9.79%

Other

25.03%

FHEQ

Information Techn.

35.89%

Communication Ser.

12.15%

Financials

11.19%

Consumer Discreti.

10.26%

Industrials

9.61%

Health Care

8.86%

Other

12.04%

Diversification

SPMO

Total weight of top 15 holdings out of 15

59.74%

FHEQ

Total weight of top 15 holdings out of 15

46.59%

Top 15 holdings

Data as of February 28, 2026

SPMO

NVIDIA

9.24%

BROADCOM LIMITED

9.04%

META PLATFORMS

7.74%

JPMORGAN CHASE

5.22%

WALMART INC

3.91%

PALANTIR TECHNOLOGIES

3.50%

NETFLIX

3.33%

VISA INCORPORATION

3.11%

US36828A1016

2.70%

GENERAL ELECTRIC

2.58%

CISCO-T

2.30%

PHILLIP MORRIS

2.03%

ORACLE SYS

1.84%

AT&T

1.60%

THE GOLDMAN SACHS GROUP

1.58%

FHEQ

NVIDIA

8.26%

APPLE

7.50%

MICROSOFT-T

4.77%

AMAZON.COM INC

3.88%

ALPHABET INC-CL

3.26%

BROADCOM LIMITED

3.15%

META PLATFORMS

2.65%

ALPHABET INC-CL

2.50%

BERKSHIRE HATHWAY

2.07%

LILLY

1.81%

JPMORGAN CHASE

1.68%

TESLA

1.53%

ABBVIE

1.20%

MASTERCARD

1.17%

GENERAL ELECTRIC

1.16%

Frequently asked questions about SPMO and FHEQ

How have the SPMO and FHEQ ETFs performed in 2026?

As of April 10, 2026, SPMO is up 3.67% year-to-date (YTD), while FHEQ has lost -1.11%. 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 +$390M in flows, compared to +$31M for FHEQ.

Which ETF is more volatile: SPMO or FHEQ?

Over the past year, SPMO had a volatility of 17.46%, while FHEQ experienced 9.78%.

Which ETF is bigger: SPMO or FHEQ?

As of April 10, 2026, SPMO holds $14.36 B in assets under management (AUM), while FHEQ manages $779.12 M.

What sectors do the SPMO and FHEQ ETFs invest in?

SPMO leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, FHEQ focuses on Information Technology, Communication Services and Financials.

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

SPMO top holdings include NVIDIA, BROADCOM LIMITED and META PLATFORMS. FHEQ holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: SPMO or FHEQ?

SPMO holds 99 securities with 59.74% of its assets in the top 15. FHEQ has 146 securities and a top 15 weight of 46.59%.

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 April 10, 2026, SPMO is up 3.67% year-to-date (YTD), while FHEQ has lost -1.11%. 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 +$390M in flows, compared to +$31M for FHEQ.

Which ETF is more volatile: SPMO or FHEQ?

Over the past year, SPMO had a volatility of 17.46%, while FHEQ experienced 9.78%.

Which ETF is bigger: SPMO or FHEQ?

As of April 10, 2026, SPMO holds $14.36 B in assets under management (AUM), while FHEQ manages $779.12 M.

What sectors do the SPMO and FHEQ ETFs invest in?

SPMO leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, FHEQ focuses on Information Technology, Communication Services and Financials.

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

SPMO top holdings include NVIDIA, BROADCOM LIMITED and META PLATFORMS. FHEQ holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: SPMO or FHEQ?

SPMO holds 99 securities with 59.74% of its assets in the top 15. FHEQ has 146 securities and a top 15 weight of 46.59%.

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

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