Dividend comparison
SPMO vs VGT: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Invesco S&P 500 Momentum ETF and Vanguard Information Technology ETF, side by side. Updated October 21, 2026.
SPMO vs VGT: key differences
The short answer, from the latest data on this page.
- Fees. VGT is cheaper at 0.09% a year versus 0.13% for SPMO. On $10,000 that is $4 a year less in fees.
- Income. SPMO pays more income, yielding 0.78% over the last twelve months versus 0.39% for VGT. That is about $38 more a year on $10,000. SPMO pays semi-annual, VGT pays annual.
- Performance. Over the last 5 years, SPMO returned 133.8% versus 132.3% for VGT, with dividends reinvested. $10,000 would have grown to $23,378 in SPMO and $23,232 in VGT.
- Risk. VGT has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -35.1%, against -22.7% for SPMO.
- Diversification. VGT holds 310 positions and SPMO holds 100. The ten largest positions make up 61.4% of SPMO and 63.6% of VGT.
- Overlap. 50% of the two portfolios overlap by weight, across 29 shared holdings.
- Dividend growth. SPMO grew its yearly payout 26.9% a year over the last 4 years, versus 1.0% for VGT.
- Size. VGT is the larger fund with $178.0 billion in assets, against $22.0 billion for SPMO.
Bottom line: SPMO fits better if you care most about more income today, smaller drawdowns and faster dividend growth. VGT fits better if you care most about lower fees and broader diversification.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | SPMO Invesco S&P 500 Momentum ETF | VGT Vanguard Information Technology ETF |
|---|---|---|
| Dividend yield (TTM) | 0.78% | 0.39% |
| Dividend / share (TTM) | $1.10 | $0.47 |
| Payout frequency | Semi-annual | Annual |
| Last dividend | $0.2432 on Sep 25, 2026 | $0.1465 on Sep 25, 2026 |
| Ex-dividend date | Sep 21, 2026 | Sep 23, 2026 |
| Dividend growth (CAGR) | 26.9% over 4 yrs | 1.0% over 4 yrs |
| Price | $141.95 | $120.20 |
| Dividend growth streak | 1 year | — |
| Beta | 1.28 | 1.35 |
| Max drawdown (5Y) | -22.7% | -35.1% |
| Market cap | $14.59B | $138.44B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.13% | 0.09% |
| Assets under management | $21.96B | $178.00B |
| Number of holdings | 100 | 310 |
| Top 10 concentration | 61.4% | 63.6% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
SPMO
$6.46/mo
$78 /yr at 0.78% yield
VGT
$3.28/mo
$39 /yr at 0.39% yield
Dividend history
Total dividends paid per share in each calendar year. SPMO pays semi-annual; VGT pays annual.
| Year | SPMO | VGT |
|---|---|---|
| 2025 | $0.8734 | $0.3810 |
| 2024 | $0.4577 | $0.4644 |
| 2023 | $1.0662 | $0.3904 |
| 2022 | $0.9450 | $0.3636 |
| 2021 | $0.3369 | $0.3654 |
Strategy: Factor and momentum
Rules-based funds that tilt toward a single trait linked to long-run returns, such as momentum, quality or low volatility. Momentum funds rebalance into recent winners, quality funds favor high profitability and strong balance sheets, and low-volatility funds pick the steadiest stocks. The same label can hide very different rules, so the index methodology matters more than the name.
Factor tilts go through long dry spells, and momentum funds can turn over quickly and get caught out when market leadership changes.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $23,378 in SPMO and $23,232 in VGT.
| Period | SPMO | VGT |
|---|---|---|
| 1 month | -4.87% | -1.61% |
| 3 months | -1.35% | 6.28% |
| Year to date | 18.97% | 28.02% |
| 1 year | 17.08% | 26.74% |
| 3 years | 154.30% | 138.07% |
| 5 years | 133.78% | 132.32% |
- SPMO
- VGT
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.
- SPMO
- VGT
SPMO vs VGT holdings overlap
50% overlap by weight, with 29 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 | SPMO weight | VGT weight |
|---|---|---|
| AAPLApple Inc | 9.88% | 15.91% |
| NVDANVIDIA Corp | 9.24% | 17.58% |
| MUMicron Technology Inc | 8.62% | 4.45% |
| AVGOBroadcom Inc | 6.40% | 4.11% |
| AMDAdvanced Micro Devices Inc | 5.28% | 3.67% |
| INTCIntel Corp | 4.54% | 1.98% |
| CSCOCisco Systems Inc | 2.44% | 1.60% |
| LRCXLam Research Corp | 2.65% | 1.55% |
| PLTRPalantir Technologies Inc | 1.55% | 1.55% |
| AMATApplied Materials Inc | 2.39% | 1.53% |
Top 10 holdings
Largest positions by portfolio weight.
SPMO100 holdings total
Quick verdict
SPMO fits better if you care most about more income today, smaller drawdowns and faster dividend growth. VGT fits better if you care most about lower fees and broader diversification. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
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Frequently asked questions
Is SPMO or VGT better for dividend income?
It depends on your goals. SPMO currently yields 0.78% Trailing Twelve Months (TTM) while VGT yields 0.39%. 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 SPMO and VGT?
Invesco S&P 500 Momentum ETF (SPMO) is an ETF listed on AMEX. Vanguard Information Technology ETF (VGT) 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 is cheaper, SPMO or VGT?
VGT has the lower expense ratio. SPMO charges 0.13% a year and VGT charges 0.09%, a difference of $4 a year on a $10,000 investment.
Which has performed better, SPMO or VGT?
Over the last 5 years, SPMO has the higher total return with dividends reinvested: SPMO returned 133.8% and VGT returned 132.3%. Past performance does not predict future returns.
Which is riskier, SPMO or VGT?
Measured by the worst peak-to-trough decline over the last five years, VGT has been riskier: SPMO fell as much as 22.7% and VGT as much as 35.1%. Their betas are 1.28 and 1.35.
How much do SPMO and VGT overlap?
About 50% of the two portfolios overlap by weight, across 29 shared holdings. The largest shared positions are AAPL, NVDA, MU. Holding both still adds meaningful diversification.
How often do SPMO and VGT pay dividends?
SPMO pays semi-annual and VGT pays annual.
How much income does $10,000 in SPMO vs VGT generate?
At current TTM yields, $10,000 in SPMO would generate roughly $6.46 per month ($78 annually). The same amount in VGT would produce about $3.28 per month ($39 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both SPMO and VGT?
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 SPMO vs VGT with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how SPMO and VGT 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.