EWMC vs. ALTY
EWMC (Invesco S&P MidCap 400 GARP ETF) and ALTY (Global X Alternative Income ETF) are both exchange-traded funds - EWMC is a Small Cap Blend Equities fund tracking the S&P MidCap 400 GARP Index, while ALTY is a Global Allocation fund tracking the Indxx SuperDividend Alternatives Index. Both are passively managed. Over the past 10 years, EWMC returned 11.23%/yr vs 6.15%/yr for ALTY. A 0.62 correlation means they provide meaningful diversification when combined. EWMC charges 0.35%/yr vs 0.50%/yr for ALTY.
Performance
EWMC vs. ALTY - Performance Comparison
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Returns By Period
In the year-to-date period, EWMC achieves a 6.14% return, which is significantly lower than ALTY's 6.45% return. Over the past 10 years, EWMC has outperformed ALTY with an annualized return of 11.23%, while ALTY has yielded a comparatively lower 6.15% annualized return.
EWMC
- 1D
- 0.27%
- 1M
- 0.27%
- YTD
- 6.14%
- 6M
- 4.64%
- 1Y
- 19.85%
- 3Y*
- 14.49%
- 5Y*
- 7.76%
- 10Y*
- 11.23%
ALTY
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 6.45%
- 6M
- 6.36%
- 1Y
- 14.94%
- 3Y*
- 11.73%
- 5Y*
- 5.49%
- 10Y*
- 6.15%
EWMC vs. ALTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWMC Invesco S&P MidCap 400 GARP ETF | 6.14% | 7.81% | 15.67% | 18.79% | -11.63% | 26.35% | 15.60% | 23.05% | -12.45% | 13.05% |
ALTY Global X Alternative Income ETF | 6.45% | 11.07% | 10.88% | 10.58% | -11.92% | 23.08% | -12.82% | 21.44% | -6.18% | 10.82% |
Correlation
The correlation between EWMC and ALTY is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2015 | 0.62 |
The correlation between EWMC and ALTY has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.
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Return for Risk
EWMC vs. ALTY — Risk / Return Rank
EWMC
ALTY
EWMC vs. ALTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400 GARP ETF (EWMC) and Global X Alternative Income ETF (ALTY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EWMC | ALTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.50 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 3.46 | -0.84 |
| Martin ratioReturn relative to average drawdown | 7.66 | 15.92 | -8.26 |
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Drawdowns
EWMC vs. ALTY - Drawdown Comparison
The maximum EWMC drawdown since its inception was -43.12%, smaller than the maximum ALTY drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for EWMC and ALTY.
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Drawdown Indicators
| EWMC | ALTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.12% | -51.47% | +8.35% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -4.34% | -3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -28.09% | -10.08% | -18.01% |
Max Drawdown (5Y)Largest decline over 5 years | -28.09% | -18.48% | -9.61% |
Max Drawdown (10Y)Largest decline over 10 years | -43.12% | -51.47% | +8.35% |
Current DrawdownCurrent decline from peak | -2.49% | -0.32% | -2.17% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -6.71% | +1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 0.94% | +1.66% |
Volatility
EWMC vs. ALTY - Volatility Comparison
Invesco S&P MidCap 400 GARP ETF (EWMC) has a higher volatility of 3.73% compared to Global X Alternative Income ETF (ALTY) at 1.56%. This indicates that EWMC's price experiences larger fluctuations and is considered to be riskier than ALTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWMC | ALTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 1.56% | +2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.40% | 4.54% | +5.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.15% | 5.90% | +10.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.88% | 10.57% | +10.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.22% | 16.55% | +5.67% |
EWMC vs. ALTY - Expense Ratio Comparison
EWMC has a 0.35% expense ratio, which is lower than ALTY's 0.50% expense ratio.
Dividends
EWMC vs. ALTY - Dividend Comparison
EWMC's dividend yield for the trailing twelve months is around 0.75%, less than ALTY's 7.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 7.46% | 7.50% | 7.88% | 7.31% | 7.66% | 6.88% | 9.20% | 8.74% | 8.49% | 7.52% | 8.20% | 4.21% |
EWMC Invesco S&P MidCap 400 GARP ETF | 0.75% | 1.19% | 0.95% | 0.96% | 1.28% | 0.92% | 1.16% | 1.25% | 1.50% | 1.14% | 1.00% | 1.43% |
Frequently Asked Questions
EWMC and ALTY have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWMC has higher volatility (3.73%) compared to ALTY (1.56%). In terms of maximum drawdown, EWMC dropped -43.12% vs ALTY's -51.47%.
On 10-year performance, EWMC leads with 11.23% vs 6.15% for ALTY. On fees, EWMC is cheaper at 0.35% per year. On volatility, ALTY has been the lower-risk option at 1.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EWMC has performed better with a 11.23% return vs 6.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EWMC is cheaper with a 0.35% expense ratio, compared with 0.50% for ALTY.
ALTY has the higher dividend yield at 7.46%, compared with 0.75% for EWMC.
EWMC is categorized as Small Cap Blend Equities, while ALTY is Global Allocation. EWMC tracks S&P MidCap 400 GARP Index, while ALTY tracks Indxx SuperDividend Alternatives Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.35% for EWMC and 0.50% for ALTY.
ALTY currently has the higher Sharpe Ratio (2.55 vs 1.24), 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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