Diamondback Energy Inc vs Invesco S&P 500 Momentum ETF — how do they compare? Diamondback Energy Inc trades at $199.4 (market cap $56.48B), while Invesco S&P 500 Momentum ETF trades at $150.22. The key difference: Diamondback Energy Inc pays a 2.18% dividend while Invesco S&P 500 Momentum ETF pays none. Which is the better fit depends on your goals.
| FANG | SPMO | |
|---|---|---|
Market Cap | $56.48B | — |
Sector | Energy | Broad Market / Factor |
52-Week High | $213.69 | $161.66 |
52-Week Low | $134.53 | $107.84 |
Enterprise Value | $68.63B | — |
Dividend Yield | 2.18% | — |
Trailing returns across standard periods
Latest headlines on both assets
Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2021, the company reported net proven reserves of 1.8 billion barrels of oil equivalent. Net production averaged about 375,000 barrels per day in 2021, at a ratio of 60% oil, 20% natural gas liquids, and 20% natural gas.
Read more on FANG →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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