Global X CleanTech vs Invesco S&P 500 Momentum ETF — how do they compare? Global X CleanTech trades at $56.49, while Invesco S&P 500 Momentum ETF trades at $153.5. The key difference: Invesco S&P 500 Momentum ETF is trading nearer its 52-week high, Global X CleanTech nearer its low. Which is the better fit depends on your goals.
| CTEC | SPMO | |
|---|---|---|
Sector | Sector/Thematic | Broad Market / Factor |
52-Week High | $78.11 | $161.66 |
52-Week Low | $39.45 | $107.84 |
Trailing returns across standard periods
CTEC invests in companies at the forefront of the clean technology industry. It focuses on disruptive innovations in renewable energy production, energy storage, smart grids, and energy efficiency, with top holdings like Enphase and First Solar.
Read more on CTEC →SPMO is designed to track the investment results of the S&P 500 Momentum Index. This index measures the performance of stocks in the S&P 500 that exhibit the highest momentum, or the greatest price appreciation, over the trailing 12 months, while excluding the most recent month. By investing in these high-momentum stocks, SPMO seeks to capitalize on the historical trend that stocks with strong recent performance tend to continue that performance in the near term, offering a systematic approach to factor investing within the large-cap U.S. equity market.
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