FXB vs. XMMO
FXB (Invesco CurrencyShares® British Pound Sterling Trust) and XMMO (Invesco S&P MidCap Momentum ETF) are both exchange-traded funds - FXB is a Currency fund tracking the British Pound, while XMMO is a Momentum fund tracking the S&P MidCap 400 Momentum Index. Both are passively managed. Over the past 10 years, FXB returned 0.48%/yr vs 20.13%/yr for XMMO. At a 0.22 correlation, their price movements are largely independent. FXB charges 0.40%/yr vs 0.35%/yr for XMMO.
Performance
FXB vs. XMMO - Performance Comparison
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Returns By Period
In the year-to-date period, FXB achieves a -1.17% return, which is significantly lower than XMMO's 22.90% return. Over the past 10 years, FXB has underperformed XMMO with an annualized return of 0.48%, while XMMO has yielded a comparatively higher 20.13% annualized return.
FXB
- 1D
- -0.37%
- 1M
- -1.63%
- YTD
- -1.17%
- 6M
- -1.24%
- 1Y
- -0.33%
- 3Y*
- 4.05%
- 5Y*
- 0.79%
- 10Y*
- 0.48%
XMMO
- 1D
- -2.42%
- 1M
- 3.07%
- YTD
- 22.90%
- 6M
- 20.25%
- 1Y
- 35.75%
- 3Y*
- 31.04%
- 5Y*
- 15.91%
- 10Y*
- 20.13%
FXB vs. XMMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXB Invesco CurrencyShares® British Pound Sterling Trust | -1.17% | 10.37% | 1.35% | 8.58% | -10.45% | -1.54% | 2.87% | 3.87% | -5.75% | 9.10% |
XMMO Invesco S&P MidCap Momentum ETF | 22.90% | 13.04% | 38.03% | 20.39% | -16.02% | 16.69% | 29.17% | 36.78% | 6.12% | 37.18% |
Correlation
The correlation between FXB and XMMO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2006 | 0.22 |
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Return for Risk
FXB vs. XMMO — Risk / Return Rank
FXB
XMMO
FXB vs. XMMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® British Pound Sterling Trust (FXB) 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.
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.
| FXB | XMMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.32 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 4.31 | -4.38 |
| Martin ratioReturn relative to average drawdown | -0.15 | 17.07 | -17.21 |
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Drawdowns
FXB vs. XMMO - Drawdown Comparison
The maximum FXB drawdown since its inception was -48.99%, smaller than the maximum XMMO drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for FXB and XMMO.
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Drawdown Indicators
| FXB | XMMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.99% | -55.37% | +6.38% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -8.34% | +3.81% |
Max Drawdown (3Y)Largest decline over 3 years | -8.44% | -24.93% | +16.49% |
Max Drawdown (5Y)Largest decline over 5 years | -23.61% | -27.91% | +4.30% |
Max Drawdown (10Y)Largest decline over 10 years | -26.11% | -36.74% | +10.63% |
Current DrawdownCurrent decline from peak | -30.64% | -2.42% | -28.22% |
Average DrawdownAverage peak-to-trough decline | -27.54% | -9.43% | -18.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 2.10% | +0.15% |
Volatility
FXB vs. XMMO - Volatility Comparison
The current volatility for Invesco CurrencyShares® British Pound Sterling Trust (FXB) is 1.62%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 8.50%. This indicates that FXB 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
| FXB | XMMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 8.50% | -6.88% |
Volatility (6M)Calculated over the trailing 6-month period | 4.90% | 16.79% | -11.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.57% | 19.94% | -13.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.48% | 21.65% | -13.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.87% | 22.33% | -13.46% |
FXB vs. XMMO - Expense Ratio Comparison
FXB has a 0.40% expense ratio, which is higher than XMMO's 0.35% expense ratio.
Dividends
FXB vs. XMMO - Dividend Comparison
FXB's dividend yield for the trailing twelve months is around 2.24%, more than XMMO's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXB Invesco CurrencyShares® British Pound Sterling Trust | 2.24% | 2.44% | 3.25% | 2.59% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XMMO Invesco S&P MidCap Momentum ETF | 0.57% | 0.78% | 0.34% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% |
Frequently Asked Questions
FXB and XMMO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XMMO has higher volatility (8.50%) compared to FXB (1.62%). In terms of maximum drawdown, FXB dropped -48.99% vs XMMO's -55.37%.
On 10-year performance, XMMO leads with 20.13% vs 0.48% for FXB. On fees, XMMO is cheaper at 0.35% per year. On volatility, FXB has been the lower-risk option at 1.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, XMMO has performed better with a 20.13% return vs 0.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XMMO is cheaper with a 0.35% expense ratio, compared with 0.40% for FXB.
FXB has the higher dividend yield at 2.24%, compared with 0.57% for XMMO.
FXB is categorized as Currency, while XMMO is Momentum. FXB tracks British Pound, while XMMO tracks S&P MidCap 400 Momentum Index. Their fees differ too: 0.40% for FXB and 0.35% for XMMO.
XMMO currently has the higher Sharpe Ratio (1.80 vs -0.05), 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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