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ETF Overlap Tool: SPMO vs VOO

Compare portfolio holdings overlap, tech concentration risk, and expense ratio differences between Invesco S&P 500® Momentum ETF (SPMO) and Vanguard S&P 500 ETF (VOO).

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ETF Overlap Overview & Key Metrics
SPMO (100 Total) VOO (503 Total) ONLY IN SPMO 28 Stocks (53.6% Weight) MODERATE MOMENTUM OVERLAP 21 Shared Stocks (83.2%) 29.0% Weight Duplication ONLY IN VOO 27 Stocks (53.6% Weight)
Overlap by Weight
29.0%
⚡ Moderate Momentum Overlap
Expense Ratio Gap
0.13% vs 0.03%
VOO is 4.3x cheaper than SPMO
Unique Holdings
419 vs 27 Stocks
~0.0% Weight Difference
Sector Allocation Breakdown
Information Technology
53.7%
Industrials
12.86%
Communication Services
7.88%
Healthcare
6.97%
Financials
6.05%
Consumer Staples
4.2%
Energy
3.3%
Materials
1.61%
Consumer Discretionary
1.21%
Utilities
1.16%
Real Estate
1.05%
Information Technology
37.43%
Financials
12.19%
Communication Services
9.91%
Consumer Discretionary
9.58%
Healthcare
9.1%
Industrials
8.16%
Consumer Staples
4.61%
Energy
3.36%
Utilities
2.15%
Real Estate
1.88%
Materials
1.62%

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Stock Holdings Breakdown (SPMO vs VOO)

76 Assets
Asset Sector SPMO Weight VOO Weight Combined (50/50) Status
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Showing 1 to 20 of 73 holdings

SPMO vs VOO: Portfolio Overlap & Investment Strategy Guide

When evaluating Invesco S&P 500® Momentum ETF (SPMO) versus Vanguard S&P 500 ETF (VOO), investors are comparing two distinct ETF strategies. SPMO holds 100 total assets while VOO contains 503 total assets. Across both portfolios, they share 21 common stock holdings, representing a 29.0% portfolio overlap by weight.

Sector Concentration & Shared Stock Holdings

While both funds invest in equity markets, their internal sector allocations create meaningful differences in portfolio performance and volatility:

  • Primary Sector Focus: SPMO concentrates its largest allocation in Information Technology (53.7%), whereas VOO allocates its highest weighting to Information Technology (37.43%).
  • Top Shared Holdings: Key overlapping stocks held in both funds include Micron Technology, Inc (MU), NVIDIA Corporation (NVDA), Broadcom Inc (AVGO), Johnson & Johnson (JNJ).
  • Holdings Distribution: SPMO features 100 holdings compared to 503 holdings in VOO, affecting single-stock concentration risk.

Strategic Portfolio Insight: Low Overlap & Strong Complementary Diversification

Holding both SPMO and VOO offers low portfolio duplication with only a 29.0% weight overlap. With 21 shared stocks, these two funds focus on different market segments, making them highly complementary for investors seeking targeted multi-asset diversification.

Expense Ratio Comparison & Performance: SPMO vs VOO

Beyond portfolio holdings overlap, fund management fees, dividend yields, and sector diversification play a vital role in long-term compounding returns:

1. Annual Management Fee Impact

VOO charges a lower expense ratio of 0.03% compared to SPMO at 0.13%. VOO is 4.3x cheaper, saving long-term investors approximately $10 per year for every $100,000 invested.

2. Volatility, Risk & Long-Term Growth Potential

SPMO and VOO react differently to changing interest rates, market cycles, and sector rotations. Diversifying across funds with different underlying indexes helps reduce portfolio drawdown risk during broader market corrections.

Snowball Portfolio Lab Insight

Want to analyze how combining SPMO and VOO impacts your total portfolio yield, sector distribution, and historical dividend income? Model your custom asset allocation in the Snowball Analytics Portfolio Lab.

Frequently Asked Questions: SPMO vs VOO ETF Overlap
What is the portfolio overlap percentage between SPMO and VOO?
Invesco S&P 500® Momentum ETF (SPMO) and Vanguard S&P 500 ETF (VOO) have a 29.0% overlap by weight and share 21 identical stock holdings. SPMO holds 100 total assets while VOO holds 503 total assets.
What is the main difference between SPMO and VOO?
The main difference between SPMO and VOO lies in sector allocation, expense ratio, and portfolio breadth:
  • Sector Focus: SPMO's largest sector is Information Technology (53.7%), whereas VOO's largest sector is Information Technology (37.43%).
  • Expense Ratio: VOO has an expense ratio of 0.03%, while SPMO charges 0.13%. VOO is 4.3x cheaper than SPMO.
  • Portfolio Breadth: SPMO holds 100 total stocks vs VOO's 503 stocks.
Is it good to hold both SPMO and VOO in the same portfolio?
Holding both SPMO and VOO results in a 29.0% portfolio weight overlap across 21 common holdings. Holding both SPMO and VOO offers strong complementary diversification with low weight overlap (29.0%), allowing investors to combine distinct market segments in a single portfolio.
Which ETF has lower management expense fees: SPMO or VOO?
VOO has an expense ratio of 0.03%, while SPMO charges 0.13%. VOO is 4.3x cheaper than SPMO.
Which ETF is better for long-term investors: SPMO or VOO?
The ideal choice depends on your investment strategy: SPMO (0.13% expense ratio) provides exposure to Invesco S&P 500® Momentum ETF, while VOO (0.03% expense ratio) offers exposure to Vanguard S&P 500 ETF. Comparing sector concentration and historical volatility helps align your choice with long-term goals.
Do SPMO and VOO pay dividends?
Yes, both SPMO and VOO pay quarterly dividend distributions to shareholders derived from underlying dividend payments of portfolio companies.