FMTM vs. XSMO

Last updated Jun 4, 2026

FMTM (MarketDesk Focused U.S. Momentum ETF) and XSMO (Invesco S&P SmallCap Momentum ETF) are both Momentum funds. FMTM is actively managed, while XSMO is passively managed. Over the past year, FMTM returned 63.62% vs 32.93% for XSMO. A 0.71 correlation means they provide meaningful diversification when combined. FMTM charges 0.45%/yr vs 0.36%/yr for XSMO.

Performance

FMTM vs. XSMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MarketDesk Focused U.S. Momentum ETF (FMTM) and Invesco S&P SmallCap Momentum ETF (XSMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMTM achieves a 31.75% return, which is significantly higher than XSMO's 21.96% return.

FMTM

• 1D: 0.50%
• 1M: 6.28%
• YTD: 31.75%
• 6M: 34.74%
• 1Y: 63.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XSMO

• 1D: -0.56%
• 1M: 1.29%
• YTD: 21.96%
• 6M: 20.33%
• 1Y: 32.93%
• 3Y*: 24.51%
• 5Y*: 11.21%
• 10Y*: 14.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FMTM vs. XSMO - Yearly Performance Comparison

	2026 (YTD)	2025
FMTM MarketDesk Focused U.S. Momentum ETF	31.75%	27.90%
XSMO Invesco S&P SmallCap Momentum ETF	21.96%	16.54%

Correlation

The correlation between FMTM and XSMO is 0.72, 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	0.72
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	0.71

The correlation between FMTM and XSMO has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.

Return for Risk

FMTM vs. XSMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FMTM

FMTM Risk / Return Rank: 82
FMTM Sharpe Ratio Rank: 84
FMTM Sortino Ratio Rank: 74
FMTM Omega Ratio Rank: 76
FMTM Calmar Ratio Rank: 88
FMTM Martin Ratio Rank: 89

XSMO

XSMO Risk / Return Rank: 58
XSMO Sharpe Ratio Rank: 50
XSMO Sortino Ratio Rank: 52
XSMO Omega Ratio Rank: 47
XSMO Calmar Ratio Rank: 73
XSMO Martin Ratio Rank: 68

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.

FMTM vs. XSMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MarketDesk Focused U.S. Momentum ETF (FMTM) 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.

	FMTM	XSMO	Difference
Sharpe ratio Return per unit of total volatility	2.80	1.77	+1.03
Sortino ratio Return per unit of downside risk	3.43	2.56	+0.87
Omega ratio Gain probability vs. loss probability	1.46	1.30	+0.16
Calmar ratio Return relative to maximum drawdown	5.28	3.72	+1.55
Martin ratio Return relative to average drawdown	20.62	12.71	+7.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FMTM vs. XSMO - Sharpe Ratio Comparison

The current FMTM Sharpe Ratio is 2.80, which is higher than the XSMO Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of FMTM and XSMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FMTM	XSMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.80	1.77	+1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.38	0.39	+1.99

Drawdowns

FMTM vs. XSMO - Drawdown Comparison

The maximum FMTM drawdown since its inception was -12.12%, smaller than the maximum XSMO drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for FMTM and XSMO.

Drawdown Indicators

	FMTM	XSMO	Difference
Max Drawdown Largest peak-to-trough decline	-12.12%	-58.06%	+45.94%
Max Drawdown (1Y) Largest decline over 1 year	-12.12%	-8.89%	-3.23%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.62%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.39%	—
Current Drawdown Current decline from peak	0.00%	-1.72%	+1.72%
Average Drawdown Average peak-to-trough decline	-1.89%	-11.13%	+9.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	2.60%	+0.50%

Volatility

FMTM vs. XSMO - Volatility Comparison

MarketDesk Focused U.S. Momentum ETF (FMTM) and Invesco S&P SmallCap Momentum ETF (XSMO) have volatilities of 6.52% and 6.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMTM	XSMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.52%	6.34%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	17.83%	14.11%	+3.72%
Volatility (1Y) Calculated over the trailing 1-year period	22.82%	18.73%	+4.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.94%	22.67%	+0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.94%	24.12%	-1.18%

FMTM vs. XSMO - Expense Ratio Comparison

FMTM has a 0.45% expense ratio, which is higher than XSMO's 0.36% expense ratio.

Dividends

FMTM vs. XSMO - Dividend Comparison

FMTM's dividend yield for the trailing twelve months is around 0.22%, less than XSMO's 0.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMTM MarketDesk Focused U.S. Momentum ETF	0.22%	0.30%	0.00%	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	0.53%	0.75%	0.63%	0.96%	1.19%	0.30%	0.82%	0.69%	0.66%	0.27%	0.30%	0.35%

Frequently Asked Questions

Can I hold both FMTM and XSMO in my portfolio?

FMTM and XSMO have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMTM or XSMO?

FMTM has higher volatility (6.52%) compared to XSMO (6.34%). In terms of maximum drawdown, FMTM dropped -12.12% vs XSMO's -58.06%.

Which ETF is better, FMTM or XSMO?

On 1-year performance, FMTM leads with 63.62% vs 32.93% for XSMO. On fees, XSMO is cheaper at 0.36% per year. On volatility, XSMO has been the lower-risk option at 6.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FMTM or XSMO?

Over the 1-year period, FMTM has performed better with a 63.62% return vs 32.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FMTM or XSMO?

XSMO is cheaper with a 0.36% expense ratio, compared with 0.45% for FMTM.

Which ETF pays a higher dividend yield, FMTM or XSMO?

XSMO has the higher dividend yield at 0.53%, compared with 0.22% for FMTM.

What is the main difference between FMTM and XSMO?

Their fees differ too: 0.45% for FMTM and 0.36% for XSMO.

Which has better risk-adjusted returns?

FMTM currently has the higher Sharpe Ratio (2.80 vs 1.77), 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.