PSCE vs. XMMO

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P SmallCap Energy ETF (PSCE) and Invesco S&P MidCap Momentum ETF (XMMO).

PSCE and XMMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSCE is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Energy Index. It was launched on Apr 7, 2010. 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 PSCE 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

PSCE vs. XMMO - Performance Comparison

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

PSCE vs. XMMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSCE Invesco S&P SmallCap Energy ETF	42.67%	-9.00%	-5.47%	5.07%	48.45%	59.85%	-40.31%	-14.93%	-42.98%	-26.70%
XMMO Invesco S&P MidCap Momentum ETF	4.93%	13.04%	38.03%	20.39%	-16.02%	16.69%	29.17%	36.78%	6.12%	37.18%

Returns By Period

In the year-to-date period, PSCE achieves a 42.67% return, which is significantly higher than XMMO's 4.93% return. Over the past 10 years, PSCE has underperformed XMMO with an annualized return of -0.66%, while XMMO has yielded a comparatively higher 18.19% annualized return.

PSCE

• 1D: -0.78%
• 1M: 10.75%
• YTD: 42.67%
• 6M: 44.85%
• 1Y: 49.10%
• 3Y*: 12.00%
• 5Y*: 14.91%
• 10Y*: -0.66%

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)

PSCE vs. XMMO - Expense Ratio Comparison

PSCE has a 0.29% expense ratio, which is lower than XMMO's 0.33% expense ratio.

XMMO

Invesco S&P MidCap Momentum ETF

PSCE

Invesco S&P SmallCap Energy ETF

Return for Risk

PSCE vs. XMMO — Risk / Return Rank

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

PSCE

PSCE Risk / Return Rank: 73
PSCE Sharpe Ratio Rank: 77
PSCE Sortino Ratio Rank: 73
PSCE Omega Ratio Rank: 74
PSCE Calmar Ratio Rank: 75
PSCE Martin Ratio Rank: 66

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.

PSCE vs. XMMO - Risk-Adjusted Trends Comparison

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

	PSCE	XMMO	Difference
Sharpe ratio Return per unit of total volatility	1.39	1.30	+0.09
Sortino ratio Return per unit of downside risk	1.82	1.86	-0.04
Omega ratio Gain probability vs. loss probability	1.27	1.26	+0.01
Calmar ratio Return relative to maximum drawdown	1.94	2.28	-0.34
Martin ratio Return relative to average drawdown	6.52	10.83	-4.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSCE vs. XMMO - Sharpe Ratio Comparison

The current PSCE Sharpe Ratio is 1.39, which is comparable to the XMMO Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of PSCE 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

	PSCE	XMMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	1.30	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.58	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.02	0.83	-0.84
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	0.54	-0.63

Correlation

The correlation between PSCE and XMMO is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PSCE vs. XMMO - Dividend Comparison

PSCE's dividend yield for the trailing twelve months is around 1.83%, more than XMMO's 0.71% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCE Invesco S&P SmallCap Energy ETF	1.83%	2.39%	1.70%	2.57%	1.70%	0.46%	0.87%	0.14%	0.22%	0.04%	0.22%	0.82%
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

PSCE vs. XMMO - Drawdown Comparison

The maximum PSCE drawdown since its inception was -96.21%, which is greater than XMMO's maximum drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for PSCE and XMMO.

Drawdown Indicators

	PSCE	XMMO	Difference
Max Drawdown Largest peak-to-trough decline	-96.21%	-55.37%	-40.84%
Max Drawdown (1Y) Largest decline over 1 year	-25.44%	-12.81%	-12.63%
Max Drawdown (5Y) Largest decline over 5 years	-45.42%	-27.91%	-17.51%
Max Drawdown (10Y) Largest decline over 10 years	-90.70%	-36.74%	-53.96%
Current Drawdown Current decline from peak	-74.65%	-4.39%	-70.26%
Average Drawdown Average peak-to-trough decline	-58.66%	-9.52%	-49.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.59%	2.69%	+4.90%

Volatility

PSCE vs. XMMO - Volatility Comparison

The current volatility for Invesco S&P SmallCap Energy ETF (PSCE) is 5.33%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 9.07%. This indicates that PSCE 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

	PSCE	XMMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	9.07%	-3.74%
Volatility (6M) Calculated over the trailing 6-month period	18.54%	14.28%	+4.26%
Volatility (1Y) Calculated over the trailing 1-year period	35.47%	21.97%	+13.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.21%	21.26%	+16.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.44%	22.11%	+21.33%