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JMOM vs. XSVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JMOM vs. XSVM

Last updated Aug 4, 2026
Documentation

JMOM (JPMorgan U.S. Momentum Factor ETF) and XSVM (Invesco S&P SmallCap Value with Momentum ETF) are both Momentum funds - JMOM tracks the JP Morgan US Momentum Factor Index while XSVM tracks the S&P SmallCap 600 High Momentum Value Index. Both are passively managed. Over the past 5 years, JMOM returned 13.81%/yr vs 10.26%/yr for XSVM. Their 0.59 correlation means they have sometimes moved together and sometimes differently. JMOM charges 0.12%/yr vs 0.37%/yr for XSVM.

Performance

JMOM vs. XSVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Momentum Factor ETF (JMOM) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, JMOM achieves a 20.54% return, which is significantly lower than XSVM's 27.31% return.

JMOM

1D
1.25%
1M
-1.61%
6M
16.11%
YTD
20.54%
1Y
29.18%
3Y*
25.54%
5Y*
13.81%
10Y*
—
ALL TIME*
15.83%

XSVM

1D
1.19%
1M
3.59%
6M
17.18%
YTD
27.31%
1Y
43.31%
3Y*
15.08%
5Y*
10.26%
10Y*
13.04%
ALL TIME*
9.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

JMOM

JPMorgan U.S. Momentum Factor ETF
$17.82M$11.76M$9.25M

XSVM

Invesco S&P SmallCap Value with Momentum ETF
$2.64M$2.37M$2.08M

JMOM vs. XSVM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
JMOM
JPMorgan U.S. Momentum Factor ETF		20.54%18.02%28.47%22.89%-20.83%25.03%29.25%28.24%-5.25%3.36%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		27.31%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-12.33%5.39%

Correlation

The correlation between JMOM and XSVM is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.52

Correlation (3Y)
Balances recent behavior with more history.

0.62

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.69

Correlation (All Time)
Calculated using the full available price history since Nov 9, 2017

0.59

The correlation between JMOM and XSVM shifts across timeframes, from 0.52 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.

JMOM vs. XSVM - Sectors Allocation Comparison

Sectors
JMOM
XSVM

Technology

39.8%
2.6%

Industrials

13.3%
5.3%

Healthcare

9.5%
1.7%

Financial Services

9.2%
45.1%

Consumer Cyclical

7.7%
18.1%

Communication Services

6.5%
2.6%

Consumer Defensive

4.8%
4.1%

Energy

3.2%
5.7%

Real Estate

2.6%
9.7%

Utilities

2.3%
2.1%

Basic Materials

1.2%
3.0%

Technology

JMOM
39.8%
XSVM
2.6%

Industrials

JMOM
13.3%
XSVM
5.3%

Healthcare

JMOM
9.5%
XSVM
1.7%

Financial Services

JMOM
9.2%
XSVM
45.1%

Consumer Cyclical

JMOM
7.7%
XSVM
18.1%

Communication Services

JMOM
6.5%
XSVM
2.6%

Consumer Defensive

JMOM
4.8%
XSVM
4.1%

Energy

JMOM
3.2%
XSVM
5.7%

Real Estate

JMOM
2.6%
XSVM
9.7%

Utilities

JMOM
2.3%
XSVM
2.1%

Basic Materials

JMOM
1.2%
XSVM
3.0%

Compare stocks, funds, or ETFs

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

JPMorgan U.S. Momentum Factor ETF

Invesco S&P SmallCap Value with Momentum ETF

Often compared with JMOM:
JMOM vs. SPMOJMOM vs. MTUMJMOM vs. VOOJMOM vs. QMOMJMOM vs. QQQJMOM vs. SCHGJMOM vs. BIBL
Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX

Return for Risk

JMOM vs. XSVM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
JMOM
JMOM Risk / Return Rank: 8080
Overall Rank
JMOM Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
JMOM Sortino Ratio Rank: 7575
Sortino Ratio Rank
JMOM Omega Ratio Rank: 7272
Omega Ratio Rank
JMOM Calmar Ratio Rank: 8888
Calmar Ratio Rank
JMOM Martin Ratio Rank: 8888
Martin Ratio Rank
XSVM
XSVM Risk / Return Rank: 9191
Overall Rank
XSVM Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 9393
Sortino Ratio Rank
XSVM Omega Ratio Rank: 9090
Omega Ratio Rank
XSVM Calmar Ratio Rank: 9292
Calmar Ratio Rank
XSVM Martin Ratio Rank: 8888
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JMOM vs. XSVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Momentum Factor ETF (JMOM) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). 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.

JMOMXSVMDifference
Sharpe ratioReturn per unit of total volatility
1.78
2.45

-0.67

Sortino ratioReturn per unit of downside risk
2.46
3.53

-1.07

Omega ratioGain probability vs. loss probability

1.31

1.43

-0.12

Calmar ratioReturn relative to maximum drawdown

3.66

4.32

-0.66

Martin ratioReturn relative to average drawdown

13.51

13.79

-0.28

JMOM vs. XSVM - Sharpe Ratio Comparison

The current JMOM Sharpe Ratio is 1.78, which is comparable to the XSVM Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of JMOM and XSVM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

JMOM vs. XSVM - Drawdown Comparison

The maximum JMOM drawdown since its inception was -34.31%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for JMOM and XSVM.

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Drawdown Indicators

JMOMXSVMDifference

Max Drawdown

Largest peak-to-trough decline

-34.31%

-62.57%

+28.26%

Max Drawdown (1Y)

Largest decline over 1 year

-8.02%

-10.08%

+2.06%

Max Drawdown (3Y)

Largest decline over 3 years

-19.51%

-26.21%

+6.70%

Max Drawdown (5Y)

Largest decline over 5 years

-28.26%

-26.21%

-2.05%

Max Drawdown (10Y)

Largest decline over 10 years

—

-49.02%

—

Current Drawdown

Current decline from peak

-4.22%

-0.28%

-3.94%

Average Drawdown

Average peak-to-trough decline

-6.25%

-11.48%

+5.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.16%

3.15%

-0.99%

Volatility

JMOM vs. XSVM - Volatility Comparison

JPMorgan U.S. Momentum Factor ETF (JMOM) has a higher volatility of 5.42% compared to Invesco S&P SmallCap Value with Momentum ETF (XSVM) at 4.25%. This indicates that JMOM's price experiences larger fluctuations and is considered to be riskier than XSVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JMOMXSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.42%

4.25%

+1.17%

Volatility (6M)

Calculated over the trailing 6-month period

14.02%

11.78%

+2.24%

Volatility (1Y)

Calculated over the trailing 1-year period

16.54%

17.83%

-1.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.00%

22.34%

-3.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.17%

25.01%

-4.84%

JMOM vs. XSVM - Expense Ratio Comparison

JMOM has a 0.12% expense ratio, which is lower than XSVM's 0.37% expense ratio.

Dividends

JMOM vs. XSVM - Dividend Comparison

JMOM's dividend yield for the trailing twelve months is around 0.75%, less than XSVM's 1.73% yield.

PositionTTM20252024202320222021202020192018201720162015
JMOM
JPMorgan U.S. Momentum Factor ETF		0.75%0.86%0.75%1.21%1.39%0.64%0.85%1.11%1.38%0.29%0.00%0.00%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.73%2.29%1.69%1.31%1.79%1.23%1.21%1.22%2.54%1.90%2.29%2.68%

Frequently Asked Questions

JMOM and XSVM have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

JMOM has higher volatility (5.42%) compared to XSVM (4.25%). In terms of maximum drawdown, JMOM dropped -34.31% vs XSVM's -62.57%.

On 5-year performance, JMOM leads with 13.81% vs 10.26% for XSVM. On fees, JMOM is cheaper at 0.12% per year. On volatility, XSVM has been the lower-risk option at 4.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, JMOM has performed better with a 13.81% return vs 10.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

JMOM is cheaper with a 0.12% expense ratio, compared with 0.37% for XSVM.

XSVM has the higher dividend yield at 1.73%, compared with 0.75% for JMOM.

JMOM tracks JP Morgan US Momentum Factor Index, while XSVM tracks S&P SmallCap 600 High Momentum Value Index. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.12% for JMOM and 0.37% for XSVM.

XSVM currently has the higher Sharpe Ratio (2.45 vs 1.78), 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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