PSL vs. XSVM

Last updated Aug 4, 2026

PSL (Invesco DWA Consumer Staples Momentum ETF) and XSVM (Invesco S&P SmallCap Value with Momentum ETF) are both Momentum funds from Invesco - PSL tracks the DWA Consumer Staples Technical Leaders Index while XSVM tracks the S&P SmallCap 600 High Momentum Value Index. Both are passively managed. Over the past 10 years, PSL returned 8.05%/yr vs 13.04%/yr for XSVM. Their 0.66 correlation means they have sometimes moved together and sometimes differently. PSL charges 0.60%/yr vs 0.37%/yr for XSVM.

Performance

PSL vs. XSVM - Performance Comparison

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

Returns By Period

In the year-to-date period, PSL achieves a 14.41% return, which is significantly lower than XSVM's 27.31% return. Over the past 10 years, PSL has underperformed XSVM with an annualized return of 8.05%, while XSVM has yielded a comparatively higher 13.04% annualized return.

PSL

• 1D: -0.05%
• 1M: -0.23%
• 6M: 4.39%
• YTD: 14.41%
• 1Y: 6.53%
• 3Y*: 10.58%
• 5Y*: 6.05%
• 10Y*: 8.05%
• ALL TIME*: 9.36%

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

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PSL Invesco DWA Consumer Staples Momentum ETF	$139.56K	$200.24K	$192.10K
XSVM Invesco S&P SmallCap Value with Momentum ETF	$2.64M	$2.37M	$2.08M

PSL vs. XSVM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSL Invesco DWA Consumer Staples Momentum ETF	14.41%	-3.47%	15.42%	12.32%	-7.76%	6.88%	18.15%	14.16%	0.92%	21.82%
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%	3.62%

Correlation

The correlation between PSL and XSVM is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (3Y) Balances recent behavior with more history.	0.58
Correlation (5Y) Shows whether the relationship held over a longer period.	0.65
Correlation (10Y) Provides a long-term view across more market conditions.	0.60
Correlation (All Time) Calculated using the full available price history since Oct 12, 2006	0.66

Over the past year, the correlation between PSL and XSVM has dropped to 0.44 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

PSL vs. XSVM - Sectors Allocation Comparison

Sectors	PSL	XSVM
Consumer Defensive	86.4%	4.1%
Consumer Cyclical	10.6%	18.1%
Financial Services	1.9%	45.1%
Industrials	1.2%	5.3%
Basic Materials	-	3.0%
Communication Services	-	2.6%
Energy	-	5.7%
Healthcare	-	1.7%
Real Estate	-	9.7%
Technology	-	2.6%
Utilities	-	2.1%

Return for Risk

PSL vs. XSVM — Risk / Return Rank

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

PSL

PSL Risk / Return Rank: 20
PSL Sharpe Ratio Rank: 22
PSL Sortino Ratio Rank: 21
PSL Omega Ratio Rank: 21
PSL Calmar Ratio Rank: 19
PSL Martin Ratio Rank: 18

XSVM

XSVM Risk / Return Rank: 91
XSVM Sharpe Ratio Rank: 92
XSVM Sortino Ratio Rank: 93
XSVM Omega Ratio Rank: 90
XSVM Calmar Ratio Rank: 92
XSVM Martin Ratio Rank: 88

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.

PSL vs. XSVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Staples Momentum ETF (PSL) 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.

	PSL	XSVM	Difference
Sharpe ratio: Return per unit of total volatility	0.48	2.45	-1.96
Sortino ratio: Return per unit of downside risk	0.75	3.53	-2.78
Omega ratio: Gain probability vs. loss probability	1.09	1.43	-0.34
Calmar ratio: Return relative to maximum drawdown	0.48	4.32	-3.84
Martin ratio: Return relative to average drawdown	1.05	13.79	-12.74

PSL vs. XSVM - Sharpe Ratio Comparison

The current PSL Sharpe Ratio is 0.48, which is lower than the XSVM Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of PSL 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.

Drawdowns

PSL vs. XSVM - Drawdown Comparison

The maximum PSL drawdown since its inception was -41.58%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for PSL and XSVM.

Drawdown Indicators

	PSL	XSVM	Difference
Max Drawdown Largest peak-to-trough decline	-41.58%	-62.57%	+20.99%
Max Drawdown (1Y) Largest decline over 1 year	-13.64%	-10.08%	-3.56%
Max Drawdown (3Y) Largest decline over 3 years	-13.64%	-26.21%	+12.57%
Max Drawdown (5Y) Largest decline over 5 years	-18.96%	-26.21%	+7.25%
Max Drawdown (10Y) Largest decline over 10 years	-34.67%	-49.02%	+14.35%
Current Drawdown Current decline from peak	-1.85%	-0.28%	-1.57%
Average Drawdown Average peak-to-trough decline	-5.79%	-11.48%	+5.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.22%	3.15%	+3.07%

Volatility

PSL vs. XSVM - Volatility Comparison

Invesco DWA Consumer Staples Momentum ETF (PSL) has a higher volatility of 4.62% compared to Invesco S&P SmallCap Value with Momentum ETF (XSVM) at 4.25%. This indicates that PSL'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.

Volatility by Period

	PSL	XSVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	4.25%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	9.82%	11.78%	-1.96%
Volatility (1Y) Calculated over the trailing 1-year period	13.66%	17.83%	-4.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.16%	22.34%	-7.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.54%	25.01%	-8.47%

PSL vs. XSVM - Expense Ratio Comparison

PSL has a 0.60% expense ratio, which is higher than XSVM's 0.37% expense ratio.

Dividends

PSL vs. XSVM - Dividend Comparison

PSL's dividend yield for the trailing twelve months is around 0.73%, less than XSVM's 1.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSL Invesco DWA Consumer Staples Momentum ETF	0.73%	0.93%	0.60%	1.37%	1.98%	1.24%	0.80%	0.47%	0.75%	0.34%	2.08%	1.18%
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

Can I hold both PSL and XSVM in my portfolio?

PSL and XSVM have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSL or XSVM?

PSL has higher volatility (4.62%) compared to XSVM (4.25%). In terms of maximum drawdown, PSL dropped -41.58% vs XSVM's -62.57%.

Which ETF is better, PSL or XSVM?

On 10-year performance, XSVM leads with 13.04% vs 8.05% for PSL. On fees, XSVM is cheaper at 0.37% 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.

Which ETF has performed better, PSL or XSVM?

Over the 10-year period, XSVM has performed better with a 13.04% return vs 8.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSL or XSVM?

XSVM is cheaper with a 0.37% expense ratio, compared with 0.60% for PSL.

Which ETF pays a higher dividend yield, PSL or XSVM?

XSVM has the higher dividend yield at 1.73%, compared with 0.73% for PSL.

What is the main difference between PSL and XSVM?

PSL tracks DWA Consumer Staples Technical Leaders Index, while XSVM tracks S&P SmallCap 600 High Momentum Value Index. Their fees differ too: 0.60% for PSL and 0.37% for XSVM.

Which has better risk-adjusted returns?

XSVM currently has the higher Sharpe Ratio (2.45 vs 0.48), 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.