Invesco S&P 500 Momentum ETF vs ProShares UltraPro QQQ ETF — how do they compare? Invesco S&P 500 Momentum ETF trades at $150, while ProShares UltraPro QQQ ETF trades at $71.09. The key difference: Invesco S&P 500 Momentum ETF is trading nearer its 52-week high, ProShares UltraPro QQQ ETF nearer its low. Which is the better fit depends on your goals.
| SPMO | TQQQ | |
|---|---|---|
Sector | Broad Market / Factor | Leveraged / Inverse |
52-Week High | $161.66 | $87.22 |
52-Week Low | $107.84 | $37.89 |
Trailing returns across standard periods
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 →TQQQ is a leveraged ETF that seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the Nasdaq-100 Index. It is one of the most liquid and actively traded instruments in the market, designed for sophisticated traders to amplify short-term bullish exposure to large-cap non-financial growth stocks, predominantly in the technology and communication sectors.
Read more on TQQQ →