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SPMOvsSMAXETF Comparison

ETF 1

SPMO

Invesco S&P 500® Momentum ETF

This fund is part of

US Multi-Factor

-0.56%

Full SPMO fund page

VS

ETF 2

SMAX

iShares Large Cap Max Buffer Sep ETF

This fund is part of

Options Strategies

-0.22%

Full SMAX fund page

Invesco S&P 500® Momentum ETF (SPMO) belongs to the US Multi-Factor segment. iShares Large Cap Max Buffer Sep ETF (SMAX) is part of the Options Strategies segment. SPMO's top 3 sector exposures are Technology, Industrials and Healthcare. In contrast, SMAX's top sector exposures are Technology, Finance and Healthcare. SPMO is less expensive with a Total Expense Ratio (TER) of 0.13%, versus 0.53% for SMAX. SPMO is up 23.55% year-to-date (YTD) with +$5.38B in YTD flows. SMAX performs worse with 5.2% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of SPMO and SMAX 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 SMAX 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 08/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SPMO SMAX	+4.23%+1.13%	-2.11%+1.88%	+23.55%+5.20%	+25.68%+7.47%	+158.93%n/a	+144.26%n/a
Flows	SPMO SMAX	+$815M-$1M	+$2.80B-$8M	+$5.38B-$34M	+$6.59B+$515K	+$16.41B-	+$16.53B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SPMO SMAX	+35.86%+2.44%	+24.38%+2.77%	+21.90%n/a	+20.71%n/a
Max drawdown	SPMO SMAX	-15.67%-0.70%	-15.67%-1.93%	-20.01%n/a	-22.63%n/a
Max drawdown duration	SPMO SMAX	59d10d	59d44d	88dn/a	707dn/a

Trading data

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	SPMO	SMAX
Last sale 8/28/2026 at 1:30 PM	$146.74	$28.28
Previous close 08/27/2026	$148.60	$28.28
Consolidated volume 08/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of July 31, 2026

1-year trailing difference

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SMAX

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 8/28/2026 at 1:30 PM

Live

Closed

	SPMO	SMAX
Last price	$146.74	$28.28
1D performance	-1.25%	+0.01%
AuM	$22.15 B	$88.26 M
E/R	0.13%	0.53%

Characteristics

	SPMO	SMAX
Management strategy	Passive	Active
Provider	Invesco	iShares
Benchmark	S&P 500 Momentum Index	-
N° of holdings	97	496
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	October 9, 2015	September 30, 2024
ESG	No	No

More SPMO data on Trackinsight

More SMAX data on Trackinsight

Exposure

Countries

SPMO

USA

95.88%

Other

4.12%

SMAX

USA

100.92%

Other

-0.92%

Sectors

SPMO

Technology

56.13%

Industrials

13.53%

Healthcare

7.87%

Finance

7.58%

Other

14.89%

SMAX

Technology

46.23%

Finance

14.48%

Healthcare

9.28%

Consumer Non-Cycl.

9.23%

Industrials

7.84%

Other

12.94%

Diversification

SPMO

Total weight of top 15 holdings out of 15

60.69%

SMAX

Total weight of top 15 holdings out of 15

45.4%

Top 15 holdings

Data as of July 31, 2026

SPMO

Micron Technology, Inc.

9.01%

NVIDIA Corp.

8.40%

Broadcom Inc.

6.93%

Johnson & Johnson

5.01%

Alphabet, Inc.

4.70%

Advanced Micro Devices, Inc.

3.80%

Alphabet, Inc.

3.75%

US30233Q1085

3.31%

Lam Research Corp.

3.10%

Caterpillar, Inc.

2.57%

Intel Corp.

2.33%

Cisco Systems, Inc.

2.08%

GE Aerospace

1.95%

Applied Materials, Inc.

1.90%

RTX Corp.

1.85%

SMAX

Apple, Inc.

7.90%

NVIDIA Corp.

7.62%

Microsoft Corp.

5.40%

Amazon.com, Inc.

3.72%

Alphabet, Inc.

3.16%

Broadcom Inc.

2.96%

Alphabet, Inc.

2.54%

Meta Platforms, Inc.

1.91%

Micron Technology, Inc.

1.59%

JPMorgan Chase & Co.

1.52%

Berkshire Hathaway, Inc.

1.51%

Eli Lilly & Co.

1.47%

BlackRock Cash Funds - Treasury

1.42%

Tesla, Inc.

1.40%

Advanced Micro Devices, Inc.

1.28%

Frequently asked questions about SPMO and SMAX

How have the SPMO and SMAX ETFs performed in 2026?

As of August 28, 2026, SPMO is up 23.55% year-to-date (YTD), while SMAX has returned 5.2%. That puts SPMO better performer ahead so far this year.

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

Year-to-date, the SPMO ETF saw +$5.38B in flows, compared to -$34M for SMAX.

Which ETF is more volatile: SPMO or SMAX?

Over the past year, SPMO had a volatility of 24.38%, while SMAX experienced 2.77%.

Which ETF is bigger: SPMO or SMAX?

As of August 28, 2026, SPMO holds $22.15 B in assets under management (AUM), while SMAX manages $88.26 M.

What sectors do the SPMO and SMAX ETFs invest in?

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

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

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

SPMOvsSMAXETF Comparison

Invesco S&P 500® Momentum ETF

iShares Large Cap Max Buffer Sep ETF

SPMO vs SMAX 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 SMAX ETFs performed in 2026?

As of August 28, 2026, SPMO is up 23.55% year-to-date (YTD), while SMAX has returned 5.2%. That puts SPMO better performer ahead so far this year.

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

Year-to-date, the SPMO ETF saw +$5.38B in flows, compared to -$34M for SMAX.

Which ETF is more volatile: SPMO or SMAX?

Over the past year, SPMO had a volatility of 24.38%, while SMAX experienced 2.77%.

Which ETF is bigger: SPMO or SMAX?

As of August 28, 2026, SPMO holds $22.15 B in assets under management (AUM), while SMAX manages $88.26 M.

What sectors do the SPMO and SMAX ETFs invest in?

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

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

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

Which ETF is more diversified: SPMO or SMAX?

SPMO holds 99 securities with 60.69% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.

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