AVSC vs. XSMO
Compare and contrast key facts about Avantis US Small Cap Equity ETF (AVSC) and Invesco S&P SmallCap Momentum ETF (XSMO).
AVSC and XSMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVSC is a passively managed fund by Avantis that tracks the performance of the Russell 2000 Index. It was launched on Jan 11, 2022. 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. Both AVSC and XSMO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVSC or XSMO.
Key characteristics
| AVSC | XSMO | |
|---|---|---|
| YTD Return | 6.23% | 14.81% |
| 1Y Return | 21.96% | 31.83% |
| Sharpe Ratio | 0.99 | 1.48 |
| Daily Std Dev | 21.75% | 21.09% |
| Max Drawdown | -20.42% | -58.07% |
| Current Drawdown | -3.97% | -3.31% |
Correlation
The correlation between AVSC and XSMO is 0.93, 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
AVSC vs. XSMO - Performance Comparison
In the year-to-date period, AVSC achieves a 6.23% return, which is significantly lower than XSMO's 14.81% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AVSC vs. XSMO - Expense Ratio Comparison
AVSC has a 0.25% expense ratio, which is lower than XSMO's 0.39% expense ratio.
Risk-Adjusted Performance
AVSC vs. XSMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis US Small Cap Equity ETF (AVSC) 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
AVSC vs. XSMO - Dividend Comparison
AVSC's dividend yield for the trailing twelve months is around 1.44%, more than XSMO's 0.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVSC Avantis US Small Cap Equity ETF | 1.44% | 1.42% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XSMO Invesco S&P SmallCap Momentum ETF | 0.31% | 0.96% | 1.19% | 0.30% | 0.82% | 0.69% | 0.66% | 0.27% | 0.30% | 0.35% | 1.31% | 0.91% |
Drawdowns
AVSC vs. XSMO - Drawdown Comparison
The maximum AVSC drawdown since its inception was -20.42%, smaller than the maximum XSMO drawdown of -58.07%. Use the drawdown chart below to compare losses from any high point for AVSC and XSMO. For additional features, visit the drawdowns tool.
Volatility
AVSC vs. XSMO - Volatility Comparison
The current volatility for Avantis US Small Cap Equity ETF (AVSC) is 6.50%, while Invesco S&P SmallCap Momentum ETF (XSMO) has a volatility of 7.01%. This indicates that AVSC experiences smaller price fluctuations and is considered to be less risky than XSMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.