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EBIT vs. XSVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EBIT vs. XSVM

Last updated Jun 5, 2026

EBIT (Harbor AlphaEdge Small Cap Earners ETF) and XSVM (Invesco S&P SmallCap Value with Momentum ETF) are both exchange-traded funds - EBIT is a Small Cap Value Equities fund tracking the Harbor AlphaEdge Small Cap Earners Index, while XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index. Both are passively managed. Over the past year, EBIT returned 29.56% vs 37.81% for XSVM. With a 0.95 correlation, they move nearly in lockstep. EBIT charges 0.29%/yr vs 0.37%/yr for XSVM.

Performance

EBIT vs. XSVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor AlphaEdge Small Cap Earners ETF (EBIT) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EBIT achieves a 13.93% return, which is significantly lower than XSVM's 18.52% return.

EBIT

1D
1.64%
1M
0.55%
YTD
13.93%
6M
12.68%
1Y
29.56%
3Y*
—
5Y*
—
10Y*
—

XSVM

1D
1.41%
1M
1.89%
YTD
18.52%
6M
18.72%
1Y
37.81%
3Y*
17.43%
5Y*
6.67%
10Y*
12.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EBIT vs. XSVM - Yearly Performance Comparison

2026 (YTD)20252024
EBIT
Harbor AlphaEdge Small Cap Earners ETF		13.93%6.85%8.29%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		18.52%7.47%5.96%

Correlation

The correlation between EBIT and XSVM is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.93

Correlation (All Time)
Calculated using the full available price history since Jul 11, 2024

0.95

The correlation between EBIT and XSVM has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

EBIT vs. XSVM - Sectors Allocation Comparison

Sectors
EBIT
XSVM

Financial Services

25.5%
38.8%

Consumer Cyclical

14.4%
17.0%

Industrials

13.3%
6.7%

Energy

11.7%
9.9%

Technology

7.7%
7.8%

Real Estate

7.2%
5.0%

Healthcare

4.2%
1.4%

Communication Services

3.7%
2.9%

Basic Materials

3.6%
1.9%

Utilities

3.4%
1.3%

Consumer Defensive

3.2%
7.3%

Financial Services

EBIT
25.5%
XSVM
38.8%

Consumer Cyclical

EBIT
14.4%
XSVM
17.0%

Industrials

EBIT
13.3%
XSVM
6.7%

Energy

EBIT
11.7%
XSVM
9.9%

Technology

EBIT
7.7%
XSVM
7.8%

Real Estate

EBIT
7.2%
XSVM
5.0%

Healthcare

EBIT
4.2%
XSVM
1.4%

Communication Services

EBIT
3.7%
XSVM
2.9%

Basic Materials

EBIT
3.6%
XSVM
1.9%

Utilities

EBIT
3.4%
XSVM
1.3%

Consumer Defensive

EBIT
3.2%
XSVM
7.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Harbor AlphaEdge Small Cap Earners ETF

Invesco S&P SmallCap Value with Momentum ETF

Often compared with EBIT:
EBIT vs. TSCVEBIT vs. MAPPEBIT vs. MEDIEBIT vs. AVUVEBIT vs. FYTEBIT vs. BSVOEBIT vs. WINN
Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX

Return for Risk

EBIT vs. XSVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EBIT
EBIT Risk / Return Rank: 5858
Overall Rank
EBIT Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
EBIT Sortino Ratio Rank: 5555
Sortino Ratio Rank
EBIT Omega Ratio Rank: 5151
Omega Ratio Rank
EBIT Calmar Ratio Rank: 7373
Calmar Ratio Rank
EBIT Martin Ratio Rank: 5959
Martin Ratio Rank
XSVM
XSVM Risk / Return Rank: 6565
Overall Rank
XSVM Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 6464
Sortino Ratio Rank
XSVM Omega Ratio Rank: 6060
Omega Ratio Rank
XSVM Calmar Ratio Rank: 7676
Calmar Ratio Rank
XSVM Martin Ratio Rank: 6565
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EBIT vs. XSVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor AlphaEdge Small Cap Earners ETF (EBIT) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). 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.

EBITXSVMDifference
Sharpe ratioReturn per unit of total volatility
1.73
2.05

-0.31

Sortino ratioReturn per unit of downside risk
2.59
2.94

-0.35

Omega ratioGain probability vs. loss probability

1.31

1.36

-0.05

Calmar ratioReturn relative to maximum drawdown

3.56

3.77

-0.21

Martin ratioReturn relative to average drawdown

10.21

11.60

-1.39

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EBIT vs. XSVM - Sharpe Ratio Comparison

The current EBIT Sharpe Ratio is 1.73, which is comparable to the XSVM Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of EBIT and XSVM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EBITXSVMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.73

2.05

-0.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.29

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.51

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

0.37

+0.37

Drawdowns

EBIT vs. XSVM - Drawdown Comparison

The maximum EBIT drawdown since its inception was -26.64%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for EBIT and XSVM.

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Drawdown Indicators

EBITXSVMDifference

Max Drawdown

Largest peak-to-trough decline

-26.64%

-62.57%

+35.93%

Max Drawdown (1Y)

Largest decline over 1 year

-8.34%

-10.08%

+1.74%

Max Drawdown (3Y)

Largest decline over 3 years

—

-26.21%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-26.21%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-49.02%

—

Current Drawdown

Current decline from peak

0.00%

-0.07%

+0.07%

Average Drawdown

Average peak-to-trough decline

-6.54%

-11.56%

+5.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.90%

3.27%

-0.37%

Volatility

EBIT vs. XSVM - Volatility Comparison

The current volatility for Harbor AlphaEdge Small Cap Earners ETF (EBIT) is 4.09%, while Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a volatility of 5.29%. This indicates that EBIT experiences smaller price fluctuations and is considered to be less risky than XSVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EBITXSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.09%

5.29%

-1.20%

Volatility (6M)

Calculated over the trailing 6-month period

10.82%

12.11%

-1.29%

Volatility (1Y)

Calculated over the trailing 1-year period

17.13%

18.60%

-1.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.25%

22.72%

-1.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.25%

25.09%

-3.84%

EBIT vs. XSVM - Expense Ratio Comparison

EBIT has a 0.29% expense ratio, which is lower than XSVM's 0.37% expense ratio.

Dividends

EBIT vs. XSVM - Dividend Comparison

EBIT's dividend yield for the trailing twelve months is around 1.75%, less than XSVM's 1.79% yield.

PositionTTM20252024202320222021202020192018201720162015
EBIT
Harbor AlphaEdge Small Cap Earners ETF		1.75%2.00%2.40%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.79%2.29%1.69%1.31%1.79%1.23%1.21%1.22%2.54%1.90%2.29%2.68%

Frequently Asked Questions

With a correlation of 0.93, EBIT and XSVM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

XSVM has higher volatility (5.29%) compared to EBIT (4.09%). In terms of maximum drawdown, EBIT dropped -26.64% vs XSVM's -62.57%.

On 1-year performance, XSVM leads with 37.81% vs 29.56% for EBIT. On fees, EBIT is cheaper at 0.29% per year. On volatility, EBIT has been the lower-risk option at 4.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, XSVM has performed better with a 37.81% return vs 29.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EBIT is cheaper with a 0.29% expense ratio, compared with 0.37% for XSVM.

XSVM has the higher dividend yield at 1.79%, compared with 1.75% for EBIT.

EBIT is categorized as Small Cap Value Equities, while XSVM is Momentum. EBIT tracks Harbor AlphaEdge Small Cap Earners Index, while XSVM tracks S&P SmallCap 600 High Momentum Value Index. They also come from different issuers: Harbor and Invesco. Their fees differ too: 0.29% for EBIT and 0.37% for XSVM.

XSVM currently has the higher Sharpe Ratio (2.05 vs 1.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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