KLMT vs. XMMO

Last updated Apr 4, 2026

Compare and contrast key facts about Invesco MSCI Global Climate 500 ETF (KLMT) and Invesco S&P MidCap Momentum ETF (XMMO).

KLMT and XMMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KLMT is a passively managed fund by Invesco that tracks the performance of the MSCI ACWI Select Climate 500 Index. It was launched on Jun 26, 2024. 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. Both KLMT and XMMO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

KLMT vs. XMMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI Global Climate 500 ETF (KLMT) and Invesco S&P MidCap Momentum ETF (XMMO). The values are adjusted to include any dividend payments, if applicable.

KLMT vs. XMMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KLMT Invesco MSCI Global Climate 500 ETF	-1.54%	21.31%	4.94%
XMMO Invesco S&P MidCap Momentum ETF	6.80%	13.04%	9.23%

Returns By Period

In the year-to-date period, KLMT achieves a -1.54% return, which is significantly lower than XMMO's 6.80% return.

KLMT

• 1D: -0.19%
• 1M: -3.77%
• YTD: -1.54%
• 6M: 0.14%
• 1Y: 24.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XMMO

• 1D: -0.06%
• 1M: -0.69%
• YTD: 6.80%
• 6M: 9.40%
• 1Y: 35.00%
• 3Y*: 25.66%
• 5Y*: 12.61%
• 10Y*: 18.43%

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

KLMT vs. XMMO - Expense Ratio Comparison

KLMT has a 0.10% expense ratio, which is lower than XMMO's 0.33% expense ratio.

XMMO

Invesco S&P MidCap Momentum ETF

KLMT

Invesco MSCI Global Climate 500 ETF

Return for Risk

KLMT vs. XMMO — Risk / Return Rank

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

KLMT

KLMT Risk / Return Rank: 59
KLMT Sharpe Ratio Rank: 59
KLMT Sortino Ratio Rank: 62
KLMT Omega Ratio Rank: 63
KLMT Calmar Ratio Rank: 50
KLMT Martin Ratio Rank: 60

XMMO

XMMO Risk / Return Rank: 70
XMMO Sharpe Ratio Rank: 67
XMMO Sortino Ratio Rank: 68
XMMO Omega Ratio Rank: 65
XMMO Calmar Ratio Rank: 69
XMMO Martin Ratio Rank: 80

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.

KLMT vs. XMMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Global Climate 500 ETF (KLMT) 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.

	KLMT	XMMO	Difference
Sharpe ratio Return per unit of total volatility	1.10	1.25	-0.15
Sortino ratio Return per unit of downside risk	1.66	1.80	-0.14
Omega ratio Gain probability vs. loss probability	1.25	1.25	-0.01
Calmar ratio Return relative to maximum drawdown	1.66	2.29	-0.63
Martin ratio Return relative to average drawdown	7.52	10.83	-3.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KLMT vs. XMMO - Sharpe Ratio Comparison

The current KLMT Sharpe Ratio is 1.10, which is comparable to the XMMO Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of KLMT and XMMO, 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

	KLMT	XMMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	1.25	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.60	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.55	+0.31

Correlation

The correlation between KLMT and XMMO is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

KLMT vs. XMMO - Dividend Comparison

KLMT's dividend yield for the trailing twelve months is around 1.99%, more than XMMO's 0.70% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KLMT Invesco MSCI Global Climate 500 ETF	1.99%	1.95%	0.85%	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	0.70%	0.78%	0.34%	0.80%	1.43%	0.41%	0.61%	0.60%	0.19%	0.21%	0.22%	0.64%

Drawdowns

KLMT vs. XMMO - Drawdown Comparison

The maximum KLMT drawdown since its inception was -16.87%, smaller than the maximum XMMO drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for KLMT and XMMO.

Drawdown Indicators

	KLMT	XMMO	Difference
Max Drawdown Largest peak-to-trough decline	-16.87%	-55.37%	+38.50%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-8.34%	-1.20%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.74%	—
Current Drawdown Current decline from peak	-6.01%	-2.68%	-3.33%
Average Drawdown Average peak-to-trough decline	-2.01%	-9.52%	+7.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	2.70%	-0.04%

Volatility

KLMT vs. XMMO - Volatility Comparison

The current volatility for Invesco MSCI Global Climate 500 ETF (KLMT) is 6.06%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 9.04%. This indicates that KLMT 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.

Volatility by Period

	KLMT	XMMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.06%	9.04%	-2.98%
Volatility (6M) Calculated over the trailing 6-month period	9.93%	14.39%	-4.46%
Volatility (1Y) Calculated over the trailing 1-year period	17.54%	22.01%	-4.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.01%	21.26%	-5.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.01%	22.11%	-6.10%