IMVT vs. XMMO

Last updated Apr 1, 2026

Compare and contrast key facts about Immunovant, Inc. (IMVT) and Invesco S&P MidCap Momentum ETF (XMMO).

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.

Performance

IMVT vs. XMMO - Performance Comparison

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

IMVT vs. XMMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IMVT Immunovant, Inc.	-2.28%	2.62%	-41.21%	137.35%	108.33%	-81.55%	191.05%	-0.69%
XMMO Invesco S&P MidCap Momentum ETF	4.93%	13.04%	38.03%	20.39%	-16.02%	16.69%	29.17%	1.04%

Returns By Period

In the year-to-date period, IMVT achieves a -2.28% return, which is significantly lower than XMMO's 4.93% return.

IMVT

• 1D: 5.48%
• 1M: -10.42%
• YTD: -2.28%
• 6M: 54.09%
• 1Y: 45.35%
• 3Y*: 17.00%
• 5Y*: 8.07%
• 10Y*: —

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)

Return for Risk

IMVT vs. XMMO — Risk / Return Rank

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

IMVT

IMVT Risk / Return Rank: 69
IMVT Sharpe Ratio Rank: 69
IMVT Sortino Ratio Rank: 69
IMVT Omega Ratio Rank: 63
IMVT Calmar Ratio Rank: 72
IMVT Martin Ratio Rank: 70

XMMO

XMMO Risk / Return Rank: 80
XMMO Sharpe Ratio Rank: 75
XMMO Sortino Ratio Rank: 77
XMMO Omega Ratio Rank: 74
XMMO Calmar Ratio Rank: 84
XMMO Martin Ratio Rank: 89

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.

IMVT vs. XMMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Immunovant, Inc. (IMVT) 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.

	IMVT	XMMO	Difference
Sharpe ratio Return per unit of total volatility	0.82	1.30	-0.48
Sortino ratio Return per unit of downside risk	1.55	1.86	-0.31
Omega ratio Gain probability vs. loss probability	1.17	1.26	-0.09
Calmar ratio Return relative to maximum drawdown	1.59	2.28	-0.69
Martin ratio Return relative to average drawdown	3.36	10.83	-7.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMVT vs. XMMO - Sharpe Ratio Comparison

The current IMVT Sharpe Ratio is 0.82, which is lower than the XMMO Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of IMVT 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.

Sharpe Ratios by Period

	IMVT	XMMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	1.30	-0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.58	-0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.54	-0.45

Correlation

The correlation between IMVT and XMMO is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IMVT vs. XMMO - Dividend Comparison

IMVT has not paid dividends to shareholders, while XMMO's dividend yield for the trailing twelve months is around 0.71%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMVT Immunovant, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

IMVT vs. XMMO - Drawdown Comparison

The maximum IMVT drawdown since its inception was -93.59%, which is greater than XMMO's maximum drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for IMVT and XMMO.

Drawdown Indicators

	IMVT	XMMO	Difference
Max Drawdown Largest peak-to-trough decline	-93.59%	-55.37%	-38.22%
Max Drawdown (1Y) Largest decline over 1 year	-20.98%	-12.81%	-8.17%
Max Drawdown (5Y) Largest decline over 5 years	-79.94%	-27.91%	-52.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.74%	—
Current Drawdown Current decline from peak	-52.87%	-4.39%	-48.48%
Average Drawdown Average peak-to-trough decline	-54.24%	-9.52%	-44.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.49%	2.69%	+7.80%

Volatility

IMVT vs. XMMO - Volatility Comparison

Immunovant, Inc. (IMVT) has a higher volatility of 14.73% compared to Invesco S&P MidCap Momentum ETF (XMMO) at 9.07%. This indicates that IMVT's price experiences larger fluctuations and is considered to be riskier than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMVT	XMMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.73%	9.07%	+5.66%
Volatility (6M) Calculated over the trailing 6-month period	37.06%	14.28%	+22.78%
Volatility (1Y) Calculated over the trailing 1-year period	56.17%	21.97%	+34.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.18%	21.26%	+53.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	77.70%	22.11%	+55.59%