Invesco S&P 500 Momentum ETF vs Tencent Music Entertainment Group - ADR — how do they compare? Invesco S&P 500 Momentum ETF trades at $149.97, while Tencent Music Entertainment Group - ADR trades at $8.63 (market cap $16.09B). The key difference: Tencent Music Entertainment Group - ADR pays a 2.75% dividend while Invesco S&P 500 Momentum ETF pays none, and Invesco S&P 500 Momentum ETF is trading nearer its 52-week high, Tencent Music Entertainment Group - ADR nearer its low. Which is the better fit depends on your goals.
| SPMO | TME | |
|---|---|---|
Sector | Broad Market / Factor | Media |
52-Week High | $161.66 | $26.36 |
52-Week Low | $107.84 | $8.16 |
Market Cap | — | $16.09B |
Enterprise Value | — | $14.05B |
Dividend Yield | — | 2.75% |
Trailing returns across standard periods
Latest headlines on both assets
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 →TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
Read more on TME →