# One momentum screen beat the S&P 500 by 67 points

> A simple strategy that picks the 100 fastest-rising S&P 500 stocks has crushed the index over five years, turning $100,000 into $63,000 more.
- Title: One momentum screen beat the S&P 500 by 67 points | Shortify
- Summary: A simple strategy that picks the 100 fastest-rising S&P 500 stocks has crushed the index over five years, turning $100,000 into $63,000 more. Momentum…
- Keywords: spmo, invesco s&p 500 momentum etf, momentum investing, s&p 500, etf performance, stock selection strategy, semiconductor stocks, technology sector, portfolio concentration, index funds, One, momentum
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/09/18/spmo-owns-the-sp-500s-100-fastest-rising-stocks-its-momentum-screen-has-beaten-the-index-by-67-points-over-the-last-five-years
- Author: Ryne Mauck
- Published: 2026-09-18T23:52:05+00:00
- Read time: 1 min
- Topics: spmo, invesco s&p 500 momentum etf, momentum investing, s&p 500, etf performance, stock selection strategy, semiconductor stocks, technology sector, portfolio concentration, index funds
## One ETF beat the S&P 500 by 67 points
SPMO returned 137.81% over five years versus the S&P 500's 70.27%. A $100,000 investment grew to $246,000 with SPMO but only $183,000 with the index.

> A hypothetical $100,000 compounded at 19.7% annually for five years grows to roughly $246,000. At 12.8%, the same starting balance grows to about $183,000.
## It picks the 100 fastest-rising S&P 500 stocks
SPMO tracks the S&P 500 Momentum Index, which selects roughly 100 stocks with the strongest momentum scores. The index rebalances twice yearly in March and September.

> The idea behind the strategy is straightforward: stocks that have demonstrated stronger recent relative performance may continue outperforming.
## Tech stocks now dominate the portfolio
Technology represents roughly 54% of SPMO's holdings. Micron Technology alone accounts for more than 11% of assets, while Nvidia represents roughly 9% and Broadcom more than 6%.
## The cost is almost nothing to implement
SPMO charges an expense ratio of just 0.13%, or roughly $13 annually for every $10,000 invested. This low fee makes the momentum strategy accessible to most investors.

> SPMO charges an expense ratio of just 0.13%, or roughly $13 annually for every $10,000 invested.
## But momentum strategies carry hidden risks
SPMO concentrates heavily in sectors that have already performed well. If market leadership shifts, the fund could hold yesterday's winners while missing tomorrow's leaders.

> If leadership changes quickly, SPMO can find itself holding yesterday's winners while the rest of the market rotates elsewhere.
## Portfolio turnover is 44% annually
SPMO turns over its holdings much faster than a standard S&P 500 fund because it must continually identify new momentum leaders. This higher turnover can create tax inefficiency.

> The fund has a recent portfolio turnover of 44%.
## It's not a simple S&P 500 replacement
SPMO is a concentrated bet on momentum, not a broad market fund. Investors should view it as a tactical strategy, not a core holding for everyone.

> Investors should therefore view SPMO as more than a slightly modified S&P 500 fund.
## Key takeaway

Momentum investing within the S&P 500 universe can significantly outperform the broad index, but comes with higher concentration risk and sector bets.