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EWMC vs. XMMO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EWMC vs. XMMO

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P MidCap 400® Equal Weight ETF (EWMC) and Invesco S&P MidCap Momentum ETF (XMMO).

EWMC and XMMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWMC is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Equal Weight Index. It was launched on Dec 8, 2010. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005. Both EWMC and XMMO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EWMC vs. XMMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap 400® Equal Weight ETF (EWMC) and Invesco S&P MidCap Momentum ETF (XMMO). The values are adjusted to include any dividend payments, if applicable.

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EWMC vs. XMMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EWMC
Invesco S&P MidCap 400® Equal Weight ETF		-1.30%7.81%15.67%18.79%-11.63%26.35%15.60%23.05%-12.45%13.05%
XMMO
Invesco S&P MidCap Momentum ETF		4.93%13.04%38.03%20.39%-16.02%16.69%29.17%36.78%6.12%37.18%

Returns By Period

In the year-to-date period, EWMC achieves a -1.30% return, which is significantly lower than XMMO's 4.93% return. Over the past 10 years, EWMC has underperformed XMMO with an annualized return of 10.52%, while XMMO has yielded a comparatively higher 18.19% annualized return.

EWMC

1D
2.28%
1M
-2.74%
YTD
-1.30%
6M
-1.63%
1Y
14.14%
3Y*
11.92%
5Y*
6.76%
10Y*
10.52%

XMMO

1D
4.31%
1M
-3.18%
YTD
4.93%
6M
7.61%
1Y
28.46%
3Y*
25.08%
5Y*
12.21%
10Y*
18.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Invesco S&P MidCap 400® Equal Weight ETF

Invesco S&P MidCap Momentum ETF

Often compared with EWMC:
EWMC vs. RWJEWMC vs. VLUEWMC vs. VUGEWMC vs. VOTEWMC vs. VOOEWMC vs. XMHQEWMC vs. FXAIX
Often compared with XMMO:
XMMO vs. SPMOXMMO vs. XMHQXMMO vs. VOOXMMO vs. SPGPXMMO vs. MTUMXMMO vs. QMOMXMMO vs. RFV

EWMC vs. XMMO - Expense Ratio Comparison

EWMC has a 0.40% expense ratio, which is higher than XMMO's 0.33% expense ratio.

EWMC
Invesco S&P MidCap 400® Equal Weight ETF
XMMO
Invesco S&P MidCap Momentum ETF

Return for Risk

EWMC vs. XMMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWMC
EWMC Risk / Return Rank: 3737
Overall Rank
EWMC Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
EWMC Sortino Ratio Rank: 3636
Sortino Ratio Rank
EWMC Omega Ratio Rank: 3535
Omega Ratio Rank
EWMC Calmar Ratio Rank: 3737
Calmar Ratio Rank
EWMC Martin Ratio Rank: 4242
Martin Ratio Rank
XMMO
XMMO Risk / Return Rank: 8080
Overall Rank
XMMO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
XMMO Sortino Ratio Rank: 7777
Sortino Ratio Rank
XMMO Omega Ratio Rank: 7474
Omega Ratio Rank
XMMO Calmar Ratio Rank: 8484
Calmar Ratio Rank
XMMO Martin Ratio Rank: 8989
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.

EWMC vs. XMMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® Equal Weight ETF (EWMC) and Invesco S&P MidCap Momentum ETF (XMMO). 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.

EWMCXMMODifference

Sharpe ratio

Return per unit of total volatility

0.61

1.30

-0.69

Sortino ratio

Return per unit of downside risk

1.04

1.86

-0.83

Omega ratio

Gain probability vs. loss probability

1.14

1.26

-0.12

Calmar ratio

Return relative to maximum drawdown

0.92

2.28

-1.36

Martin ratio

Return relative to average drawdown

3.90

10.83

-6.93

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

EWMC vs. XMMO - Sharpe Ratio Comparison

The current EWMC Sharpe Ratio is 0.61, which is lower than the XMMO Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of EWMC and XMMO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

EWMCXMMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.61

1.30

-0.69

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.32

0.58

-0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

0.83

-0.35

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.54

-0.02

Correlation

The correlation between EWMC and XMMO is 0.83, 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.

Dividends

EWMC vs. XMMO - Dividend Comparison

EWMC's dividend yield for the trailing twelve months is around 1.04%, more than XMMO's 0.71% yield.

TTM20252024202320222021202020192018201720162015
EWMC
Invesco S&P MidCap 400® Equal Weight ETF		1.04%1.19%0.95%0.96%1.28%0.92%1.16%1.25%1.50%1.14%1.00%1.43%
XMMO
Invesco S&P MidCap Momentum ETF		0.71%0.78%0.34%0.80%1.43%0.41%0.61%0.60%0.19%0.21%0.22%0.64%

Drawdowns

EWMC vs. XMMO - Drawdown Comparison

The maximum EWMC drawdown since its inception was -43.12%, smaller than the maximum XMMO drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for EWMC and XMMO.

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Drawdown Indicators

EWMCXMMODifference

Max Drawdown

Largest peak-to-trough decline

-43.12%

-55.37%

+12.25%

Max Drawdown (1Y)

Largest decline over 1 year

-15.51%

-12.81%

-2.70%

Max Drawdown (5Y)

Largest decline over 5 years

-28.09%

-27.91%

-0.18%

Max Drawdown (10Y)

Largest decline over 10 years

-43.12%

-36.74%

-6.38%

Current Drawdown

Current decline from peak

-5.24%

-4.39%

-0.85%

Average Drawdown

Average peak-to-trough decline

-5.76%

-9.52%

+3.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.67%

2.69%

+0.98%

Volatility

EWMC vs. XMMO - Volatility Comparison

The current volatility for Invesco S&P MidCap 400® Equal Weight ETF (EWMC) is 4.88%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 9.07%. This indicates that EWMC experiences smaller price fluctuations and is considered to be less risky than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EWMCXMMODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.88%

9.07%

-4.19%

Volatility (6M)

Calculated over the trailing 6-month period

12.09%

14.28%

-2.19%

Volatility (1Y)

Calculated over the trailing 1-year period

23.17%

21.97%

+1.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.00%

21.26%

-0.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.27%

22.11%

+0.16%