Invesco S&P 500 Momentum ETF vs YieldMax Universe Fund of Option Income ETFs — how do they compare? Invesco S&P 500 Momentum ETF trades at $152 (market cap $23.47B), while YieldMax Universe Fund of Option Income ETFs trades at $7.56 (market cap $369.61M). The key difference: Invesco S&P 500 Momentum ETF is far larger — about 63.5× YieldMax Universe Fund of Option Income ETFs's market cap, and Invesco S&P 500 Momentum ETF is trading nearer its 52-week high, YieldMax Universe Fund of Option Income ETFs nearer its low. Which is the better fit depends on your goals — on Pluang, investors hold Invesco S&P 500 Momentum ETF for 54 Days and YieldMax Universe Fund of Option Income ETFs for 55 Days on average.
| SPMO | YMAX | |
|---|---|---|
Market Cap | $23.47B | $369.61M |
Volume | 2,035,258 | 659,132 |
Sector | Broad Market / Factor | Income / Options Overlay |
52-Week High | $161.66 | $12.98 |
52-Week Low | $107.84 | $7.27 |
Typical Hold Time | 54 Days | 55 Days |
Signals from Pluang's Aura AI — not financial advice
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.
YMAX trades at $7.53, down 1.83% on the day, with a bearish technical signal driven by moving averages. The ETF maintains a high distribution yield with weekly dividends, though recent coverage highlights concerns about NAV erosion and sustainability. Technical indicators show mixed signals with RSI neutral but ADX suggesting selling pressure, while support levels cluster around $7-8.
The outlook remains cautious due to structural concerns about distribution sustainability and NAV performance. While the high yield attracts income investors, the fund faces risks from its fee structure and portfolio strategy. Analyst sentiment appears mixed with some highlighting yield benefits while others warn of principal erosion.
Trailing returns across standard periods
What Pluang investors did over the last 30 days
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 →YMAX is an actively managed 'fund of funds' that provides equal-weighted exposure to the full suite of YieldMax option income ETFs. It is designed to generate high current income by aggregating the premiums from various single-stock and thematic covered call strategies, offering a diversified approach to high-yield option investing.
Read more on YMAX →