Invesco S&P 500 Momentum ETF vs Consumer Staples Select Sector SPDR Fund — how do they compare? Invesco S&P 500 Momentum ETF trades at $150.08, while Consumer Staples Select Sector SPDR Fund trades at $83.97. The key difference: Invesco S&P 500 Momentum ETF is trading nearer its 52-week high, Consumer Staples Select Sector SPDR Fund nearer its low. Which is the better fit depends on your goals.
| SPMO | XLP | |
|---|---|---|
Sector | Broad Market / Factor | — |
52-Week High | $161.66 | $90.00 |
52-Week Low | $107.84 | $75.61 |
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 →In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as Consumer Staples companies by the GICS®. It is non-diversified.
Read more on XLP →