S&P 500 Momentum Index

What the S&P 500 Momentum Index is, where it lives officially, and how its ride has looked over the years.

What does the S&P 500 Momentum Index track?

The 100 stocks from the S&P 500 with the strongest 12-month risk-adjusted price momentum, rebalanced twice a year — S&P's own take on the momentum factor, and the recipe behind SPMO.

Compared to the MSCI momentum index behind MTUM it is more concentrated and less constrained — a purer, punchier bet that whatever has been winning keeps winning a little longer.

Maintained byS&P Dow Jones Indices logoS&P Dow Jones Indices
On this site we follow it throughInvesco logoInvesco S&P 500 Momentum ETF (SPMO).

SPMO since 2015

Price history of SPMO tracking the S&P 500 Momentum Index$22$57$92$127$162201620182020202220242026

The chart shows the dividend-adjusted share price of SPMO, the ETF tracking this index — not the raw index level. The shape of the ride is the same.

SPMO returns by year (USD)

Last 5 years
+18.94%
average per year (CAGR)
Last 10 years
+17.92%
average per year (CAGR)
YearTotal return
2026 (so far)+35.98%
2025+26.58%
2024+45.82%
2023+17.56%
2022-10.45%
2021+22.51%
2020+27.80%
2019+25.93%
2018-0.92%
2017+27.76%
2016+7.18%
2015+2.78%

Calendar-year total returns of SPMO in USD, dividends reinvested — the ETF tracking this index, not the raw index level.

Compare SPMO head to head

Yearly returns side by side against the other funds we track.