PSCD vs. XMMO

Last updated Aug 2, 2026

PSCD (Invesco S&P SmallCap Consumer Discretionary ETF) and XMMO (Invesco S&P MidCap Momentum ETF) are both exchange-traded funds - PSCD is a Consumer Discretionary Equities fund tracking the S&P Small Cap 600 / Consumer Discretionary -SEC, while XMMO is a Momentum fund tracking the S&P MidCap 400 Momentum Index. Both are passively managed. Over the past 10 years, PSCD returned 10.31%/yr vs 18.04%/yr for XMMO. Their 0.71 correlation means they have sometimes moved together and sometimes differently. PSCD charges 0.29%/yr vs 0.35%/yr for XMMO.

Performance

PSCD vs. XMMO - Performance Comparison

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

Returns By Period

In the year-to-date period, PSCD achieves a 13.01% return, which is significantly higher than XMMO's 11.79% return. Over the past 10 years, PSCD has underperformed XMMO with an annualized return of 10.31%, while XMMO has yielded a comparatively higher 18.04% annualized return.

PSCD

• 1D: -1.01%
• 1M: -0.20%
• 6M: 8.46%
• YTD: 13.01%
• 1Y: 19.09%
• 3Y*: 8.35%
• 5Y*: 2.08%
• 10Y*: 10.31%
• ALL TIME*: 10.81%

XMMO

• 1D: 0.22%
• 1M: -5.42%
• 6M: 10.34%
• YTD: 11.79%
• 1Y: 20.56%
• 3Y*: 23.81%
• 5Y*: 13.41%
• 10Y*: 18.04%
• ALL TIME*: 12.11%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PSCD Invesco S&P SmallCap Consumer Discretionary ETF	$37.38K	$43.87K	$67.57K
XMMO Invesco S&P MidCap Momentum ETF	$60.32M	$71.93M	$66.65M

PSCD vs. XMMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSCD Invesco S&P SmallCap Consumer Discretionary ETF	13.01%	-2.87%	6.46%	33.23%	-28.06%	37.34%	29.07%	17.49%	-9.28%	18.16%
XMMO Invesco S&P MidCap Momentum ETF	11.79%	13.04%	38.03%	20.39%	-16.02%	16.69%	29.17%	36.78%	6.12%	37.18%

Correlation

The correlation between PSCD and XMMO is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.48
Correlation (3Y) Balances recent behavior with more history.	0.65
Correlation (5Y) Shows whether the relationship held over a longer period.	0.72
Correlation (10Y) Provides a long-term view across more market conditions.	0.67
Correlation (All Time) Calculated using the full available price history since Apr 7, 2010	0.71

Over the past year, the correlation between PSCD and XMMO has dropped to 0.48 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

PSCD vs. XMMO - Sectors Allocation Comparison

Sectors	PSCD	XMMO
Consumer Cyclical	83.9%	5.0%
Consumer Defensive	8.3%	0.5%
Industrials	4.5%	37.0%
Technology	1.4%	12.9%
Healthcare	1.2%	8.1%
Real Estate	0.7%	7.2%
Communication Services	0.2%	1.7%
Basic Materials	-	10.2%
Energy	-	8.4%
Financial Services	-	2.9%
Utilities	-	6.0%

Return for Risk

PSCD vs. XMMO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PSCD

PSCD Risk / Return Rank: 32
PSCD Sharpe Ratio Rank: 31
PSCD Sortino Ratio Rank: 34
PSCD Omega Ratio Rank: 31
PSCD Calmar Ratio Rank: 32
PSCD Martin Ratio Rank: 30

XMMO

XMMO Risk / Return Rank: 39
XMMO Sharpe Ratio Rank: 36
XMMO Sortino Ratio Rank: 36
XMMO Omega Ratio Rank: 35
XMMO Calmar Ratio Rank: 39
XMMO Martin Ratio Rank: 50

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.

PSCD vs. XMMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) 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.

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.

	PSCD	XMMO	Difference
Sharpe ratio: Return per unit of total volatility	0.77	0.89	-0.13
Sortino ratio: Return per unit of downside risk	1.29	1.35	-0.06
Omega ratio: Gain probability vs. loss probability	1.15	1.17	-0.02
Calmar ratio: Return relative to maximum drawdown	1.07	1.38	-0.30
Martin ratio: Return relative to average drawdown	2.67	5.81	-3.14

PSCD vs. XMMO - Sharpe Ratio Comparison

The current PSCD Sharpe Ratio is 0.77, which is comparable to the XMMO Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of PSCD 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.

Drawdowns

PSCD vs. XMMO - Drawdown Comparison

The maximum PSCD drawdown since its inception was -56.57%, roughly equal to the maximum XMMO drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for PSCD and XMMO.

Drawdown Indicators

	PSCD	XMMO	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	-55.37%	-1.20%
Max Drawdown (1Y) Largest decline over 1 year	-17.14%	-13.91%	-3.23%
Max Drawdown (3Y) Largest decline over 3 years	-31.93%	-24.93%	-7.00%
Max Drawdown (5Y) Largest decline over 5 years	-40.03%	-27.91%	-12.12%
Max Drawdown (10Y) Largest decline over 10 years	-56.57%	-36.74%	-19.83%
Current Drawdown Current decline from peak	-3.41%	-11.24%	+7.83%
Average Drawdown Average peak-to-trough decline	-11.25%	-9.42%	-1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.87%	3.29%	+3.58%

Volatility

PSCD vs. XMMO - Volatility Comparison

The current volatility for Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) is 6.09%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 7.88%. This indicates that PSCD 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

	PSCD	XMMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.09%	7.88%	-1.79%
Volatility (6M) Calculated over the trailing 6-month period	16.85%	18.46%	-1.61%
Volatility (1Y) Calculated over the trailing 1-year period	24.13%	21.50%	+2.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.66%	21.86%	+5.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.10%	22.43%	+6.67%

PSCD vs. XMMO - Expense Ratio Comparison

PSCD has a 0.29% expense ratio, which is lower than XMMO's 0.35% expense ratio.

Dividends

PSCD vs. XMMO - Dividend Comparison

PSCD's dividend yield for the trailing twelve months is around 0.99%, more than XMMO's 0.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCD Invesco S&P SmallCap Consumer Discretionary ETF	0.99%	0.94%	1.28%	1.09%	1.60%	0.57%	0.56%	0.91%	1.39%	0.97%	1.07%	1.10%
XMMO Invesco S&P MidCap Momentum ETF	0.63%	0.78%	0.34%	0.80%	1.43%	0.41%	0.61%	0.60%	0.19%	0.21%	0.22%	0.64%

Frequently Asked Questions

Can I hold both PSCD and XMMO in my portfolio?

PSCD and XMMO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSCD or XMMO?

XMMO has higher volatility (7.88%) compared to PSCD (6.09%). In terms of maximum drawdown, PSCD dropped -56.57% vs XMMO's -55.37%.

Which ETF is better, PSCD or XMMO?

On 10-year performance, XMMO leads with 18.04% vs 10.31% for PSCD. On fees, PSCD is cheaper at 0.29% per year. On volatility, PSCD has been the lower-risk option at 6.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCD or XMMO?

Over the 10-year period, XMMO has performed better with a 18.04% return vs 10.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCD or XMMO?

PSCD is cheaper with a 0.29% expense ratio, compared with 0.35% for XMMO.

Which ETF pays a higher dividend yield, PSCD or XMMO?

PSCD has the higher dividend yield at 0.99%, compared with 0.63% for XMMO.

What is the main difference between PSCD and XMMO?

PSCD is categorized as Consumer Discretionary Equities, while XMMO is Momentum. PSCD tracks S&P Small Cap 600 / Consumer Discretionary -SEC, while XMMO tracks S&P MidCap 400 Momentum Index. Their fees differ too: 0.29% for PSCD and 0.35% for XMMO.

Which has better risk-adjusted returns?

XMMO currently has the higher Sharpe Ratio (0.89 vs 0.77), 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.