Roundhill Russell 2000 0DTE Covered Call Strat ETF vs Invesco S&P 500 Momentum ETF — how do they compare? Roundhill Russell 2000 0DTE Covered Call Strat ETF trades at $25.96 (market cap $176.64M), while Invesco S&P 500 Momentum ETF trades at $152.08 (market cap $23.47B). The key difference: Invesco S&P 500 Momentum ETF is far larger — about 132.9× Roundhill Russell 2000 0DTE Covered Call Strat ETF's market cap, and Invesco S&P 500 Momentum ETF is trading nearer its 52-week high, Roundhill Russell 2000 0DTE Covered Call Strat ETF nearer its low. Which is the better fit depends on your goals — on Pluang, investors hold Roundhill Russell 2000 0DTE Covered Call Strat ETF for 53 Days and Invesco S&P 500 Momentum ETF for 54 Days on average.
| RDTE | SPMO | |
|---|---|---|
Market Cap | $176.64M | $23.47B |
Volume | 116,818 | 2,035,258 |
Sector | Income / Options Overlay | Broad Market / Factor |
52-Week High | $33.66 | $161.66 |
52-Week Low | $25.96 | $107.84 |
Typical Hold Time | 53 Days | 54 Days |
Signals from Pluang's Aura AI — not financial advice
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SPMO trades at $153.00 with minimal daily movement (+0.01%). The ETF maintains a bullish technical stance with strong moving average signals, though oscillators show neutral momentum. Recent portfolio rebalancing added 54 stocks including Apple and Merck, while removing Nvidia. Institutional interest grew with Envestnet Asset Management increasing its stake by 9.5% in Q2 2026.
SPMO offers concentrated exposure to S&P 500 momentum leaders with historical outperformance. Key risks include sector concentration in technology and semiconductors, plus higher volatility than the broader market. The fund's momentum strategy faces challenges during market rotations but maintains structural advantages for long-term growth investors.
Trailing returns across standard periods
What Pluang investors did over the last 30 days
RDTE is an actively managed ETF that seeks to generate income through a covered call strategy on the Russell 2000 Index. The fund primarily holds a portfolio of short-term U.S. government securities and sells 0-DTE (zero days to expiration) index call options on the Russell 2000. This highly tactical strategy aims to maximize premium capture by exploiting the high time decay of options that are expiring on the same day, which provides enhanced income but also exposes the fund to significant volatility and risks associated with daily options settlement.
Read more on RDTE →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.
Read more on SPMO →