Dividend comparison
FXAIX vs SPMO: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Fidelity 500 Index Fund and Invesco S&P 500 Momentum ETF, side by side. Updated October 21, 2026.
FXAIX vs SPMO: key differences
The short answer, from the latest data on this page.
- Income. FXAIX pays more income, yielding 1.04% over the last twelve months versus 0.78% for SPMO. That is about $27 more a year on $10,000. FXAIX pays quarterly, SPMO pays semi-annual.
- Performance. Over the last 5 years, SPMO returned 133.8% versus 80.4% for FXAIX, with dividends reinvested. $10,000 would have grown to $23,378 in SPMO and $18,039 in FXAIX.
- Risk. Their worst declines over the last 5 years were similar: -24.5% for FXAIX and -22.7% for SPMO from peak to trough.
- Diversification. FXAIX holds 100 positions and SPMO holds 100. The ten largest positions make up 37.8% of FXAIX and 61.4% of SPMO.
- Overlap. At least 41% of the two portfolios overlap by weight, across 43 shared holdings.
- Dividend growth. SPMO grew its yearly payout 26.9% a year over the last 4 years, versus 7.0% for FXAIX.
Bottom line: FXAIX fits better if you care most about more income today. SPMO fits better if you care most about stronger 5-year returns and faster dividend growth.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | FXAIX Fidelity 500 Index Fund | SPMO Invesco S&P 500 Momentum ETF |
|---|---|---|
| Dividend yield (TTM) | 1.04% | 0.78% |
| Dividend / share (TTM) | $2.80 | $1.10 |
| Payout frequency | Quarterly | Semi-annual |
| Last dividend | $0.7130 on Oct 5, 2026 | $0.2432 on Sep 25, 2026 |
| Ex-dividend date | Oct 2, 2026 | Sep 21, 2026 |
| Dividend growth (CAGR) | 7.0% over 4 yrs | 26.9% over 4 yrs |
| Price | $268.06 | $141.95 |
| Dividend growth streak | 4 years | 1 year |
| Beta | 1.00 | 1.28 |
| Max drawdown (5Y) | -24.5% | -22.7% |
| Market cap | $857.59B | $14.59B |
| Exchange | NASDAQ | AMEX |
| Expense ratio | — | 0.13% |
| Assets under management | — | $21.96B |
| Number of holdings | 100 | 100 |
| Top 10 concentration | 37.8% | 61.4% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
FXAIX
$8.71/mo
$104 /yr at 1.04% yield
SPMO
$6.46/mo
$78 /yr at 0.78% yield
Dividend history
Total dividends paid per share in each calendar year. FXAIX pays quarterly; SPMO pays semi-annual.
| Year | FXAIX | SPMO |
|---|---|---|
| 2025 | $2.6480 | $0.8734 |
| 2024 | $2.5430 | $0.4577 |
| 2023 | $2.4010 | $1.0662 |
| 2022 | $2.2560 | $0.9450 |
| 2021 | $2.0190 | $0.3369 |
Strategy: Broad index
Low-cost funds that hold an entire market or index at market-cap weights and make no attempt to select securities. Return is the index return less a small fee, and dividends are a by-product of what the underlying companies choose to pay rather than an objective of the strategy. Differences between funds tracking the same index usually come down to fee, wrapper structure, share price and trading liquidity, not to holdings.
Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $18,039 in FXAIX and $23,378 in SPMO.
| Period | FXAIX | SPMO |
|---|---|---|
| 1 month | 0.61% | -4.87% |
| 3 months | 3.42% | -1.35% |
| Year to date | 12.76% | 18.97% |
| 1 year | 14.54% | 17.08% |
| 3 years | 87.63% | 154.30% |
| 5 years | 80.39% | 133.78% |
- FXAIX
- SPMO
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- FXAIX
- SPMO
FXAIX vs SPMO holdings overlap
At least 41% overlap by weight, with 43 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
| Largest shared holdings | FXAIX weight | SPMO weight |
|---|---|---|
| NVDANVIDIA Corp | 8.08% | 9.24% |
| AAPLApple Inc | 7.03% | 9.88% |
| GOOGLAlphabet Inc Class A | 3.01% | 5.13% |
| AVGOBroadcom Inc | 2.65% | 6.40% |
| GOOGAlphabet Inc Class C | 2.40% | 4.12% |
| MUMicron Technology Inc | 1.63% | 8.62% |
| AMDAdvanced Micro Devices Inc | 1.16% | 5.28% |
| XOMExxonMobil Holdings Corp | 1.01% | 3.55% |
| JNJJohnson & Johnson | 0.97% | 4.61% |
| INTCIntel Corp | 0.67% | 4.54% |
Top 10 holdings
Largest positions by portfolio weight.
FXAIX100 holdings total
Quick verdict
FXAIX fits better if you care most about more income today. SPMO fits better if you care most about stronger 5-year returns and faster dividend growth. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how FXAIX vs SPMO fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is FXAIX or SPMO better for dividend income?
It depends on your goals. FXAIX currently yields 1.04% Trailing Twelve Months (TTM) while SPMO yields 0.78%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between FXAIX and SPMO?
Fidelity 500 Index Fund (FXAIX) is an ETF listed on NASDAQ. Invesco S&P 500 Momentum ETF (SPMO) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which has performed better, FXAIX or SPMO?
Over the last 5 years, SPMO has the higher total return with dividends reinvested: FXAIX returned 80.4% and SPMO returned 133.8%. Past performance does not predict future returns.
Which is riskier, FXAIX or SPMO?
Measured by the worst peak-to-trough decline over the last five years, FXAIX has been riskier: FXAIX fell as much as 24.5% and SPMO as much as 22.7%. Their betas are 1.00 and 1.28.
How much do FXAIX and SPMO overlap?
At least 41% of the two portfolios overlap by weight, across 43 shared holdings. The largest shared positions are NVDA, AAPL, GOOGL. Holding both still adds meaningful diversification.
How often do FXAIX and SPMO pay dividends?
FXAIX pays quarterly and SPMO pays semi-annual.
How much income does $10,000 in FXAIX vs SPMO generate?
At current TTM yields, $10,000 in FXAIX would generate roughly $8.71 per month ($104 annually). The same amount in SPMO would produce about $6.46 per month ($78 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both FXAIX and SPMO?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare FXAIX vs SPMO with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how FXAIX and SPMO fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.