Invesco S&P 500 Momentum ETF vs Zscaler Inc — how do they compare? Invesco S&P 500 Momentum ETF trades at $151.3, while Zscaler Inc trades at $179.2 (market cap $28.67B). The key difference: Invesco S&P 500 Momentum ETF is trading nearer its 52-week high, Zscaler Inc nearer its low. Which is the better fit depends on your goals.
| SPMO | ZS | |
|---|---|---|
Sector | Broad Market / Factor | Technology |
52-Week High | $161.66 | $336.27 |
52-Week Low | $107.84 | $118.05 |
Market Cap | — | $28.67B |
Enterprise Value | — | $27.00B |
Signals from Pluang's Aura AI — not financial advice
SPMO is trading at $151.21, up 1.69% with strong momentum characteristics. The ETF has demonstrated significant outperformance versus the S&P 500, gaining 26% year-to-date according to 24/7 Wall Street (2026-07-20). Technical indicators show a bullish trend with support at $147-148 and resistance at $149-151, though RSI levels suggest potential near-term consolidation.
The momentum-focused strategy continues to deliver alpha through concentrated technology exposure, particularly AI beneficiaries. However, high concentration risk and sector rotation vulnerability present challenges. With institutional interest growing and momentum factor dominance persisting, SPMO offers strategic exposure to market leaders but requires monitoring for momentum shifts.
Zscaler (ZS) trades at $176.94, up 0.15% with strong bullish technical signals and positive analyst sentiment. The stock shows consistent revenue growth from $1.1B in 2022 to $2.67B in 2025, though it remains unprofitable with a -2.44% net margin. Recent earnings beats and leadership in Gartner Magic Quadrant for SASE platforms highlight operational strength. Current price sits near resistance at $177 with RSI indicating overbought conditions.
Outlook remains positive with 79% analyst buy ratings and $191.81 consensus target, but risks include negative profitability, high valuation multiples (P/S 8.94), and projected negative cash flow in 2026. The cybersecurity leader benefits from AI-driven security demand but faces execution risks amid competitive pressures.
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 →Zscaler is a security-as-a-service firm that offers its customers cloud-delivered solutions for protecting user devices and data. The firm leverages its position in 150 colocation data centers to deliver traditionally appliance-based security functionality, such as firewalls and sandboxes, as a completely cloud-native platform. The firm focuses on large enterprise customers and offers two primary product suites: Zscaler Internet Access, which securely connects users to externally managed application and websites (such as Salesforce and Google), and Zscaler Private Access, which securely connects users to internally managed applications. Both product suites encompass a broad gamut of capabilities situated across the traditional security stack.
Read more on ZS →