ASMOX vs. XSMO
Compare and contrast key facts about AQR Small Cap Momentum Style Fund (ASMOX) and Invesco S&P SmallCap Momentum ETF (XSMO).
ASMOX is managed by AQR Funds. It was launched on Jul 9, 2009. XSMO is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Index. It was launched on Mar 3, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASMOX or XSMO.
Correlation
The correlation between ASMOX and XSMO is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ASMOX vs. XSMO - Performance Comparison
Key characteristics
ASMOX:
-0.11
XSMO:
0.82
ASMOX:
0.04
XSMO:
1.33
ASMOX:
1.01
XSMO:
1.16
ASMOX:
-0.09
XSMO:
1.45
ASMOX:
-0.31
XSMO:
3.78
ASMOX:
9.90%
XSMO:
4.48%
ASMOX:
27.32%
XSMO:
20.57%
ASMOX:
-56.69%
XSMO:
-58.07%
ASMOX:
-31.72%
XSMO:
-7.20%
Returns By Period
The year-to-date returns for both investments are quite close, with ASMOX having a 3.17% return and XSMO slightly higher at 3.22%. Over the past 10 years, ASMOX has underperformed XSMO with an annualized return of -0.13%, while XSMO has yielded a comparatively higher 11.20% annualized return.
ASMOX
3.17%
1.02%
-10.34%
0.52%
0.28%
-0.13%
XSMO
3.22%
-0.64%
6.19%
19.83%
11.83%
11.20%
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ASMOX vs. XSMO - Expense Ratio Comparison
ASMOX has a 0.61% expense ratio, which is higher than XSMO's 0.39% expense ratio.
Risk-Adjusted Performance
ASMOX vs. XSMO — Risk-Adjusted Performance Rank
ASMOX
XSMO
ASMOX vs. XSMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Small Cap Momentum Style Fund (ASMOX) and Invesco S&P SmallCap Momentum ETF (XSMO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ASMOX vs. XSMO - Dividend Comparison
ASMOX's dividend yield for the trailing twelve months is around 0.33%, less than XSMO's 0.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASMOX AQR Small Cap Momentum Style Fund | 0.33% | 0.34% | 0.79% | 0.57% | 0.32% | 0.63% | 0.54% | 0.25% | 0.27% | 0.79% | 0.79% | 0.17% |
XSMO Invesco S&P SmallCap Momentum ETF | 0.61% | 0.63% | 0.96% | 1.19% | 0.30% | 0.82% | 0.69% | 0.65% | 0.28% | 0.30% | 0.35% | 1.31% |
Drawdowns
ASMOX vs. XSMO - Drawdown Comparison
The maximum ASMOX drawdown since its inception was -56.69%, roughly equal to the maximum XSMO drawdown of -58.07%. Use the drawdown chart below to compare losses from any high point for ASMOX and XSMO. For additional features, visit the drawdowns tool.
Volatility
ASMOX vs. XSMO - Volatility Comparison
AQR Small Cap Momentum Style Fund (ASMOX) has a higher volatility of 5.24% compared to Invesco S&P SmallCap Momentum ETF (XSMO) at 3.98%. This indicates that ASMOX's price experiences larger fluctuations and is considered to be riskier than XSMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.