Dividend comparison

SPMO vs VTI: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Invesco S&P 500 Momentum ETF and Vanguard Morningstar Total Stock Market ETF, side by side. Updated October 21, 2026.

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SPMO vs VTI: key differences
The short answer, from the latest data on this page.
  • Fees. VTI is cheaper at 0.03% a year versus 0.13% for SPMO. On $10,000 that is $10 a year less in fees.
  • Income. VTI pays more income, yielding 1.05% over the last twelve months versus 0.78% for SPMO. That is about $27 more a year on $10,000. SPMO pays semi-annual, VTI pays quarterly.
  • Performance. Over the last 5 years, SPMO returned 133.8% versus 72.2% for VTI, with dividends reinvested. $10,000 would have grown to $23,378 in SPMO and $17,219 in VTI.
  • Risk. VTI has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -25.4%, against -22.7% for SPMO.
  • Diversification. VTI holds 3,598 positions and SPMO holds 100. The ten largest positions make up 61.4% of SPMO and 34.6% of VTI.
  • Overlap. At least 38% of the two portfolios overlap by weight, across 45 shared holdings.
  • Dividend growth. SPMO grew its yearly payout 26.9% a year over the last 4 years, versus 6.4% for VTI.
  • Size. VTI is the larger fund with $2.3 trillion in assets, against $22.0 billion for SPMO.

Bottom line: SPMO fits better if you care most about stronger 5-year returns and faster dividend growth. VTI fits better if you care most about lower fees, more income today and broader diversification.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricSPMO
Invesco S&P 500 Momentum ETF
VTI
Vanguard Morningstar Total Stock Market ETF
Dividend yield (TTM)0.78%1.05%
Dividend / share (TTM)$1.10$3.95
Payout frequencySemi-annualQuarterly
Last dividend$0.2432 on Sep 25, 2026$0.9555 on Sep 30, 2026
Ex-dividend dateSep 21, 2026Sep 28, 2026
Dividend growth (CAGR)26.9% over 4 yrs6.4% over 4 yrs
Price$141.95$377.09
Dividend growth streak1 year5 years
Beta1.281.02
Max drawdown (5Y)-22.7%-25.4%
Market cap$14.59B$2.30T
ExchangeAMEXAMEX
Expense ratio0.13%0.03%
Assets under management$21.96B$2.30T
Number of holdings1003598
Top 10 concentration61.4%34.6%
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

VTI

$8.72/mo

$105 /yr at 1.05% yield

Dividend history
Total dividends paid per share in each calendar year. SPMO pays semi-annual; VTI pays quarterly.
YearSPMOVTI
2025$0.8734$3.7566
2024$0.4577$3.6743
2023$1.0662$3.4128
2022$0.9450$3.1833
2021$0.3369$2.9303
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.

What SPMO vs VTI actually do

VTI
A single fund holding effectively the entire investable US stock market, roughly 3,500 companies from mega-cap down to micro-cap.

It tracks the CRSP US Total Market Index at market-cap weights, so the largest 500 names still dominate the return and it behaves much like an S&P 500 fund in practice. The difference is the long tail of mid, small and micro-cap companies that an S&P 500 fund leaves out entirely. Over a full cycle that tail changes the risk profile more than it changes the headline return, and dividend yield sits slightly below a large-cap-only fund because smaller companies pay out less.

Suits an investor who wants one holding to cover US equity without deciding where the size cutoff should sit. Not an income vehicle, and it adds no geographic diversification.

Core holding

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 $17,219 in VTI.
PeriodSPMOVTI
1 month-4.87%0.69%
3 months-1.35%3.22%
Year to date18.97%13.43%
1 year17.08%15.24%
3 years154.30%87.48%
5 years133.78%72.19%
  • SPMO
  • VTI
64171278202120222023202420252026234172

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
  • VTI
0%13%25%38%51%Technology50.9%38.2%Healthcare11.1%9.9%Financial Services6.9%11.5%Communication Services9.3%9.1%Industrials7.3%8.5%Energy6.7%3.6%Consumer Cyclical1.5%8.5%Consumer Defensive2.7%4.2%Real Estate2.3%2.2%Basic Materials1.1%2.1%Other0.2%2.1%
SPMO vs VTI holdings overlap
At least 38% overlap by weight, with 45 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 holdingsSPMO weightVTI weight
NVDANVIDIA Corp9.24%7.13%
AAPLApple Inc9.88%6.63%
GOOGLAlphabet Inc5.13%2.76%
AVGOBroadcom Inc6.40%2.28%
GOOGAlphabet Inc4.12%2.18%
MUMicron Technology Inc8.62%1.64%
AMDAdvanced Micro Devices Inc5.28%1.36%
XOMExxonMobil Holdings Corp3.55%0.92%
JNJJohnson & Johnson4.61%0.87%
INTCIntel Corp4.54%0.74%
Top 10 holdings
Largest positions by portfolio weight.

SPMO100 holdings total

NameWeight
AAPLApple Inc9.88%
NVDANVIDIA Corp9.24%
MUMicron Technology Inc8.62%
AVGOBroadcom Inc6.40%
AMDAdvanced Micro Devices Inc5.28%
GOOGLAlphabet Inc5.13%
JNJJohnson & Johnson4.61%
INTCIntel Corp4.54%
GOOGAlphabet Inc4.12%
XOMExxonMobil Holdings Corp3.55%

VTI3598 holdings total

NameWeight
NVDANVIDIA Corp7.13%
AAPLApple Inc6.63%
MSFTMicrosoft Corp5.19%
AMZNAmazon.com Inc3.30%
GOOGLAlphabet Inc2.76%
AVGOBroadcom Inc2.28%
METAMeta Platforms Inc2.18%
GOOGAlphabet Inc2.18%
MUMicron Technology Inc1.64%
TSLATesla Inc1.36%

Quick verdict

SPMO fits better if you care most about stronger 5-year returns and faster dividend growth. VTI fits better if you care most about lower fees, more income today and broader diversification. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is SPMO or VTI better for dividend income?
It depends on your goals. SPMO currently yields 0.78% Trailing Twelve Months (TTM) while VTI yields 1.05%. 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 VTI?
Invesco S&P 500 Momentum ETF (SPMO) is an ETF listed on AMEX. Vanguard Morningstar Total Stock Market ETF (VTI) 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 VTI?
VTI has the lower expense ratio. SPMO charges 0.13% a year and VTI charges 0.03%, a difference of $10 a year on a $10,000 investment.
Which has performed better, SPMO or VTI?
Over the last 5 years, SPMO has the higher total return with dividends reinvested: SPMO returned 133.8% and VTI returned 72.2%. Past performance does not predict future returns.
Which is riskier, SPMO or VTI?
Measured by the worst peak-to-trough decline over the last five years, VTI has been riskier: SPMO fell as much as 22.7% and VTI as much as 25.4%. Their betas are 1.28 and 1.02.
How much do SPMO and VTI overlap?
At least 38% of the two portfolios overlap by weight, across 45 shared holdings. The largest shared positions are NVDA, AAPL, GOOGL. Holding both still adds meaningful diversification.
How often do SPMO and VTI pay dividends?
SPMO pays semi-annual and VTI pays quarterly.
How much income does $10,000 in SPMO vs VTI generate?
At current TTM yields, $10,000 in SPMO would generate roughly $6.46 per month ($78 annually). The same amount in VTI would produce about $8.72 per month ($105 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both SPMO and VTI?
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 VTI with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how SPMO and VTI 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.