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LEAD vs. XSVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LEAD vs. XSVM

Last updated Jun 13, 2026

LEAD (Siren DIVCON Leaders Dividend ETF) and XSVM (Invesco S&P SmallCap Value with Momentum ETF) are both exchange-traded funds - LEAD is a Large Cap Growth Equities fund tracking the Siren DIVCON Leaders Dividend Index, while XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index. Both are passively managed. Over the past 10 years, LEAD returned 14.95%/yr vs 13.23%/yr for XSVM. A 0.64 correlation means they provide meaningful diversification when combined. LEAD charges 0.43%/yr vs 0.37%/yr for XSVM.

Performance

LEAD vs. XSVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Siren DIVCON Leaders Dividend ETF (LEAD) 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, LEAD achieves a 16.18% return, which is significantly lower than XSVM's 21.88% return. Over the past 10 years, LEAD has outperformed XSVM with an annualized return of 14.95%, while XSVM has yielded a comparatively lower 13.23% annualized return.

LEAD

1D
0.83%
1M
2.38%
YTD
16.18%
6M
15.19%
1Y
28.08%
3Y*
18.59%
5Y*
12.25%
10Y*
14.95%

XSVM

1D
1.17%
1M
5.46%
YTD
21.88%
6M
18.48%
1Y
42.01%
3Y*
16.38%
5Y*
7.44%
10Y*
13.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LEAD vs. XSVM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LEAD
Siren DIVCON Leaders Dividend ETF		16.18%15.52%10.32%26.25%-18.16%29.69%23.41%33.75%-6.63%24.89%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		21.88%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-12.33%3.62%

Correlation

The correlation between LEAD and XSVM is 0.68, 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

0.68

Correlation (3Y)
Calculated over the trailing 3-year period

0.70

Correlation (5Y)
Calculated over the trailing 5-year period

0.72

Correlation (10Y)
Calculated over the trailing 10-year period

0.65

Correlation (All Time)
Calculated using the full available price history since Jan 6, 2016

0.64

The correlation between LEAD and XSVM has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.

LEAD vs. XSVM - Sectors Allocation Comparison

Sectors
LEAD
XSVM

Technology

36.9%
7.8%

Industrials

30.6%
6.7%

Financial Services

16.2%
38.8%

Healthcare

5.8%
1.4%

Consumer Defensive

3.6%
7.3%

Consumer Cyclical

1.4%
17.0%

Energy

1.3%
9.9%

Communication Services

0.1%
2.9%

Basic Materials

-

1.9%

Real Estate

-

5.0%

Utilities

-

1.3%

Technology

LEAD
36.9%
XSVM
7.8%

Industrials

LEAD
30.6%
XSVM
6.7%

Financial Services

LEAD
16.2%
XSVM
38.8%

Healthcare

LEAD
5.8%
XSVM
1.4%

Consumer Defensive

LEAD
3.6%
XSVM
7.3%

Consumer Cyclical

LEAD
1.4%
XSVM
17.0%

Energy

LEAD
1.3%
XSVM
9.9%

Communication Services

LEAD
0.1%
XSVM
2.9%

Basic Materials

LEAD

-

XSVM
1.9%

Real Estate

LEAD

-

XSVM
5.0%

Utilities

LEAD

-

XSVM
1.3%

Compare stocks, funds, or ETFs

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

Siren DIVCON Leaders Dividend ETF

Invesco S&P SmallCap Value with Momentum ETF

Often compared with LEAD:
LEAD vs. SPYLEAD vs. VIGLEAD vs. SCHDLEAD vs. DSTLLEAD vs. DGROLEAD vs. TDIVLEAD vs. VOO
Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX

Return for Risk

LEAD vs. XSVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LEAD
LEAD Risk / Return Rank: 6161
Overall Rank
LEAD Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
LEAD Sortino Ratio Rank: 5555
Sortino Ratio Rank
LEAD Omega Ratio Rank: 5353
Omega Ratio Rank
LEAD Calmar Ratio Rank: 6767
Calmar Ratio Rank
LEAD Martin Ratio Rank: 7575
Martin Ratio Rank
XSVM
XSVM Risk / Return Rank: 7676
Overall Rank
XSVM Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 7878
Sortino Ratio Rank
XSVM Omega Ratio Rank: 7272
Omega Ratio Rank
XSVM Calmar Ratio Rank: 8383
Calmar Ratio Rank
XSVM Martin Ratio Rank: 7373
Martin Ratio Rank
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.

LEAD vs. XSVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Siren DIVCON Leaders Dividend ETF (LEAD) 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.

LEADXSVMDifference
Sharpe ratioReturn per unit of total volatility
1.69
2.09

-0.40

Sortino ratioReturn per unit of downside risk
2.35
3.00

-0.65

Omega ratioGain probability vs. loss probability

1.29

1.37

-0.07

Calmar ratioReturn relative to maximum drawdown

2.98

3.86

-0.88

Martin ratioReturn relative to average drawdown

12.62

11.98

+0.64

LEAD vs. XSVM - Sharpe Ratio Comparison

The current LEAD Sharpe Ratio is 1.69, which is comparable to the XSVM Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of LEAD 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

LEAD vs. XSVM - Drawdown Comparison

The maximum LEAD drawdown since its inception was -32.19%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for LEAD and XSVM.

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Drawdown Indicators

LEADXSVMDifference

Max Drawdown

Largest peak-to-trough decline

-32.19%

-62.57%

+30.38%

Max Drawdown (1Y)

Largest decline over 1 year

-8.65%

-10.08%

+1.43%

Max Drawdown (3Y)

Largest decline over 3 years

-17.86%

-26.21%

+8.35%

Max Drawdown (5Y)

Largest decline over 5 years

-24.93%

-26.21%

+1.28%

Max Drawdown (10Y)

Largest decline over 10 years

-32.19%

-49.02%

+16.83%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.41%

-11.55%

+7.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.05%

3.26%

-1.21%

Volatility

LEAD vs. XSVM - Volatility Comparison

Siren DIVCON Leaders Dividend ETF (LEAD) has a higher volatility of 6.06% compared to Invesco S&P SmallCap Value with Momentum ETF (XSVM) at 5.09%. This indicates that LEAD'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

LEADXSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.06%

5.09%

+0.97%

Volatility (6M)

Calculated over the trailing 6-month period

12.26%

12.03%

+0.23%

Volatility (1Y)

Calculated over the trailing 1-year period

15.26%

18.60%

-3.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.46%

22.61%

-5.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.70%

25.08%

-6.38%

LEAD vs. XSVM - Expense Ratio Comparison

LEAD has a 0.43% expense ratio, which is higher than XSVM's 0.37% expense ratio.

Dividends

LEAD vs. XSVM - Dividend Comparison

LEAD's dividend yield for the trailing twelve months is around 0.57%, less than XSVM's 1.74% yield.

PositionTTM20252024202320222021202020192018201720162015
LEAD
Siren DIVCON Leaders Dividend ETF		0.57%0.70%0.93%1.13%1.27%1.79%0.81%1.32%1.38%0.97%1.38%0.00%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.74%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

LEAD and XSVM have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

LEAD has higher volatility (6.06%) compared to XSVM (5.09%). In terms of maximum drawdown, LEAD dropped -32.19% vs XSVM's -62.57%.

On 10-year performance, LEAD leads with 14.95% vs 13.23% for XSVM. On fees, XSVM is cheaper at 0.37% per year. On volatility, XSVM has been the lower-risk option at 5.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, LEAD has performed better with a 14.95% return vs 13.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XSVM is cheaper with a 0.37% expense ratio, compared with 0.43% for LEAD.

XSVM has the higher dividend yield at 1.74%, compared with 0.57% for LEAD.

LEAD is categorized as Large Cap Growth Equities, while XSVM is Momentum. LEAD tracks Siren DIVCON Leaders Dividend Index, while XSVM tracks S&P SmallCap 600 High Momentum Value Index. They also come from different issuers: SRN Advisors and Invesco. Their fees differ too: 0.43% for LEAD and 0.37% for XSVM.

XSVM currently has the higher Sharpe Ratio (2.09 vs 1.69), 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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