FYT vs. XSMO

Last updated Jun 5, 2026

FYT (First Trust Small Cap Value AlphaDEX Fund) and XSMO (Invesco S&P SmallCap Momentum ETF) are both exchange-traded funds - FYT is a Small Cap Value Equities fund tracking the NASDAQ AlphaDEX Small Cap Value Index, while XSMO is a Momentum fund tracking the S&P SmallCap 600 Momentum Index. Both are passively managed. Over the past 10 years, FYT returned 10.03%/yr vs 14.63%/yr for XSMO. A 0.76 correlation means they provide meaningful diversification when combined. FYT charges 0.72%/yr vs 0.36%/yr for XSMO.

Performance

FYT vs. XSMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Small Cap Value AlphaDEX Fund (FYT) 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, FYT achieves a 17.40% return, which is significantly lower than XSMO's 23.45% return. Over the past 10 years, FYT has underperformed XSMO with an annualized return of 10.03%, while XSMO has yielded a comparatively higher 14.63% annualized return.

FYT

• 1D: 1.71%
• 1M: -0.59%
• YTD: 17.40%
• 6M: 16.99%
• 1Y: 37.18%
• 3Y*: 16.50%
• 5Y*: 6.10%
• 10Y*: 10.03%

XSMO

• 1D: 1.22%
• 1M: 0.48%
• YTD: 23.45%
• 6M: 21.12%
• 1Y: 35.59%
• 3Y*: 25.70%
• 5Y*: 11.48%
• 10Y*: 14.63%

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

FYT vs. XSMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FYT First Trust Small Cap Value AlphaDEX Fund	17.40%	4.00%	3.24%	22.90%	-14.05%	29.33%	9.82%	25.80%	-14.73%	7.14%
XSMO Invesco S&P SmallCap Momentum ETF	23.45%	9.80%	17.45%	21.55%	-15.44%	19.24%	21.96%	28.65%	-3.44%	23.95%

Correlation

The correlation between FYT and XSMO is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Apr 21, 2011	0.76

The correlation between FYT and XSMO has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.

FYT vs. XSMO - Sectors Allocation Comparison

Sectors	FYT	XSMO
Financial Services	25.5%	12.3%
Consumer Cyclical	13.3%	9.0%
Industrials	12.9%	19.5%
Real Estate	9.1%	5.0%
Technology	8.4%	20.9%
Consumer Defensive	7.2%	2.4%
Energy	7.2%	3.1%
Healthcare	6.1%	13.9%
Basic Materials	4.6%	5.8%
Communication Services	2.7%	4.1%
Utilities	2.7%	4.0%

Return for Risk

FYT vs. XSMO — Risk / Return Rank

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

FYT

FYT Risk / Return Rank: 67
FYT Sharpe Ratio Rank: 60
FYT Sortino Ratio Rank: 64
FYT Omega Ratio Rank: 57
FYT Calmar Ratio Rank: 84
FYT Martin Ratio Rank: 69

XSMO

XSMO Risk / Return Rank: 65
XSMO Sharpe Ratio Rank: 57
XSMO Sortino Ratio Rank: 59
XSMO Omega Ratio Rank: 54
XSMO Calmar Ratio Rank: 79
XSMO Martin Ratio Rank: 74

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.

FYT vs. XSMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Small Cap Value AlphaDEX Fund (FYT) 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.

	FYT	XSMO	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.91	+0.07
Sortino ratio: Return per unit of downside risk	2.92	2.73	+0.19
Omega ratio: Gain probability vs. loss probability	1.35	1.32	+0.02
Calmar ratio: Return relative to maximum drawdown	4.48	4.02	+0.46
Martin ratio: Return relative to average drawdown	12.65	13.74	-1.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FYT vs. XSMO - Sharpe Ratio Comparison

The current FYT Sharpe Ratio is 1.98, which is comparable to the XSMO Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of FYT 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

	FYT	XSMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	1.91	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.51	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.61	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.39	0.00

Drawdowns

FYT vs. XSMO - Drawdown Comparison

The maximum FYT drawdown since its inception was -50.48%, smaller than the maximum XSMO drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for FYT and XSMO.

Drawdown Indicators

	FYT	XSMO	Difference
Max Drawdown Largest peak-to-trough decline	-50.48%	-58.06%	+7.58%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-8.89%	+0.55%
Max Drawdown (3Y) Largest decline over 3 years	-28.90%	-24.76%	-4.14%
Max Drawdown (5Y) Largest decline over 5 years	-28.90%	-29.62%	+0.72%
Max Drawdown (10Y) Largest decline over 10 years	-50.48%	-39.39%	-11.09%
Current Drawdown Current decline from peak	-0.98%	-0.52%	-0.46%
Average Drawdown Average peak-to-trough decline	-8.54%	-11.13%	+2.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	2.60%	+0.35%

Volatility

FYT vs. XSMO - Volatility Comparison

The current volatility for First Trust Small Cap Value AlphaDEX Fund (FYT) is 4.83%, while Invesco S&P SmallCap Momentum ETF (XSMO) has a volatility of 6.12%. This indicates that FYT experiences smaller price fluctuations and is considered to be less risky than XSMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FYT	XSMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	6.12%	-1.29%
Volatility (6M) Calculated over the trailing 6-month period	11.72%	14.15%	-2.43%
Volatility (1Y) Calculated over the trailing 1-year period	18.87%	18.76%	+0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.58%	22.68%	-0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.96%	24.12%	+1.84%

FYT vs. XSMO - Expense Ratio Comparison

FYT has a 0.72% expense ratio, which is higher than XSMO's 0.36% expense ratio.

Dividends

FYT vs. XSMO - Dividend Comparison

FYT's dividend yield for the trailing twelve months is around 1.10%, more than XSMO's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FYT First Trust Small Cap Value AlphaDEX Fund	1.10%	0.94%	2.07%	1.50%	1.36%	1.19%	0.96%	1.44%	1.78%	1.16%	1.16%	0.96%
XSMO Invesco S&P SmallCap Momentum ETF	0.52%	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 FYT and XSMO in my portfolio?

FYT and XSMO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FYT or XSMO?

XSMO has higher volatility (6.12%) compared to FYT (4.83%). In terms of maximum drawdown, FYT dropped -50.48% vs XSMO's -58.06%.

Which ETF is better, FYT or XSMO?

On 10-year performance, XSMO leads with 14.63% vs 10.03% for FYT. On fees, XSMO is cheaper at 0.36% per year. On volatility, FYT has been the lower-risk option at 4.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FYT or XSMO?

Over the 10-year period, XSMO has performed better with a 14.63% return vs 10.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FYT or XSMO?

XSMO is cheaper with a 0.36% expense ratio, compared with 0.72% for FYT.

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

FYT has the higher dividend yield at 1.10%, compared with 0.52% for XSMO.

What is the main difference between FYT and XSMO?

FYT is categorized as Small Cap Value Equities, while XSMO is Momentum. FYT tracks NASDAQ AlphaDEX Small Cap Value Index, while XSMO tracks S&P SmallCap 600 Momentum Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.72% for FYT and 0.36% for XSMO.

Which has better risk-adjusted returns?

FYT currently has the higher Sharpe Ratio (1.98 vs 1.91), 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.