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RFV vs. XSVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RFV vs. XSVM

Last updated Jun 24, 2026

RFV (Invesco S&P MidCap 400® Pure Value ETF) and XSVM (Invesco S&P SmallCap Value with Momentum ETF) are both exchange-traded funds - RFV is a Small Cap Value Equities fund tracking the S&P Mid Cap 400 Pure Value, 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, RFV returned 12.72%/yr vs 13.32%/yr for XSVM. Their correlation of 0.86 suggests significant overlap in exposure. RFV charges 0.35%/yr vs 0.37%/yr for XSVM.

Performance

RFV vs. XSVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap 400® Pure Value ETF (RFV) 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, RFV achieves a 12.16% return, which is significantly lower than XSVM's 20.98% return. Both investments have delivered pretty close results over the past 10 years, with RFV having a 12.72% annualized return and XSVM not far ahead at 13.32%.

RFV

1D
-0.25%
1M
2.83%
YTD
12.16%
6M
11.00%
1Y
21.60%
3Y*
15.04%
5Y*
10.82%
10Y*
12.72%

XSVM

1D
0.77%
1M
3.66%
YTD
20.98%
6M
18.82%
1Y
37.12%
3Y*
17.66%
5Y*
7.87%
10Y*
13.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RFV vs. XSVM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RFV
Invesco S&P MidCap 400® Pure Value ETF		12.16%7.66%5.63%30.26%-3.99%33.02%9.61%24.98%-18.56%14.74%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		20.98%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-12.33%3.62%

Correlation

The correlation between RFV and XSVM is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.83

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

0.87

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

0.91

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

0.88

Correlation (All Time)
Calculated using the full available price history since Mar 7, 2006

0.86

The correlation between RFV and XSVM has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.

RFV vs. XSVM - Sectors Allocation Comparison

Sectors
RFV
XSVM

Consumer Cyclical

25.5%
17.4%

Financial Services

17.4%
38.7%

Technology

14.2%
9.5%

Energy

12.1%
9.3%

Industrials

11.7%
6.3%

Basic Materials

7.6%
2.0%

Consumer Defensive

7.4%
6.9%

Real Estate

3.5%
4.8%

Healthcare

0.6%
1.1%

Communication Services

-

2.8%

Utilities

-

1.2%

Consumer Cyclical

RFV
25.5%
XSVM
17.4%

Financial Services

RFV
17.4%
XSVM
38.7%

Technology

RFV
14.2%
XSVM
9.5%

Energy

RFV
12.1%
XSVM
9.3%

Industrials

RFV
11.7%
XSVM
6.3%

Basic Materials

RFV
7.6%
XSVM
2.0%

Consumer Defensive

RFV
7.4%
XSVM
6.9%

Real Estate

RFV
3.5%
XSVM
4.8%

Healthcare

RFV
0.6%
XSVM
1.1%

Communication Services

RFV

-

XSVM
2.8%

Utilities

RFV

-

XSVM
1.2%

Compare stocks, funds, or ETFs

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

Invesco S&P MidCap 400® Pure Value ETF

Invesco S&P SmallCap Value with Momentum ETF

Often compared with RFV:
RFV vs. XMMORFV vs. RPVRFV vs. RFGRFV vs. XMHQRFV vs. RWKRFV vs. XMVMRFV vs. RWJ
Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX

Return for Risk

RFV vs. XSVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RFV
RFV Risk / Return Rank: 3636
Overall Rank
RFV Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
RFV Sortino Ratio Rank: 3838
Sortino Ratio Rank
RFV Omega Ratio Rank: 3333
Omega Ratio Rank
RFV Calmar Ratio Rank: 3636
Calmar Ratio Rank
RFV Martin Ratio Rank: 3535
Martin Ratio Rank
XSVM
XSVM Risk / Return Rank: 6767
Overall Rank
XSVM Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 6767
Sortino Ratio Rank
XSVM Omega Ratio Rank: 6262
Omega Ratio Rank
XSVM Calmar Ratio Rank: 7676
Calmar Ratio Rank
XSVM Martin Ratio Rank: 6666
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.

RFV vs. XSVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® Pure Value ETF (RFV) 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.

RFVXSVMDifference
Sharpe ratioReturn per unit of total volatility
1.20
2.03

-0.82

Sortino ratioReturn per unit of downside risk
1.87
2.93

-1.06

Omega ratioGain probability vs. loss probability

1.22

1.36

-0.14

Calmar ratioReturn relative to maximum drawdown

1.73

3.70

-1.97

Martin ratioReturn relative to average drawdown

5.10

11.45

-6.34

RFV vs. XSVM - Sharpe Ratio Comparison

The current RFV Sharpe Ratio is 1.20, which is lower than the XSVM Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of RFV 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

RFV vs. XSVM - Drawdown Comparison

The maximum RFV drawdown since its inception was -71.82%, which is greater than XSVM's maximum drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for RFV and XSVM.

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Drawdown Indicators

RFVXSVMDifference

Max Drawdown

Largest peak-to-trough decline

-71.82%

-62.57%

-9.25%

Max Drawdown (1Y)

Largest decline over 1 year

-12.51%

-10.08%

-2.43%

Max Drawdown (3Y)

Largest decline over 3 years

-24.65%

-26.21%

+1.56%

Max Drawdown (5Y)

Largest decline over 5 years

-24.65%

-26.21%

+1.56%

Max Drawdown (10Y)

Largest decline over 10 years

-52.24%

-49.02%

-3.22%

Current Drawdown

Current decline from peak

-2.86%

-0.73%

-2.13%

Average Drawdown

Average peak-to-trough decline

-9.77%

-11.54%

+1.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.24%

3.25%

+0.99%

Volatility

RFV vs. XSVM - Volatility Comparison

The current volatility for Invesco S&P MidCap 400® Pure Value ETF (RFV) is 4.28%, while Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a volatility of 4.63%. This indicates that RFV experiences smaller price fluctuations and is considered to be less risky 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

RFVXSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.28%

4.63%

-0.35%

Volatility (6M)

Calculated over the trailing 6-month period

11.90%

12.28%

-0.38%

Volatility (1Y)

Calculated over the trailing 1-year period

18.02%

18.54%

-0.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.98%

22.55%

-0.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.94%

25.07%

-0.13%

RFV vs. XSVM - Expense Ratio Comparison

RFV has a 0.35% expense ratio, which is lower than XSVM's 0.37% expense ratio.

Dividends

RFV vs. XSVM - Dividend Comparison

RFV's dividend yield for the trailing twelve months is around 1.70%, less than XSVM's 1.82% yield.

PositionTTM20252024202320222021202020192018201720162015
RFV
Invesco S&P MidCap 400® Pure Value ETF		1.70%2.07%1.31%1.27%2.05%1.60%1.52%1.71%1.39%1.36%0.88%1.79%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.82%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

RFV and XSVM have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XSVM has higher volatility (4.63%) compared to RFV (4.28%). In terms of maximum drawdown, RFV dropped -71.82% vs XSVM's -62.57%.

On 10-year performance, XSVM leads with 13.32% vs 12.72% for RFV. On fees, RFV is cheaper at 0.35% per year. On volatility, RFV has been the lower-risk option at 4.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, XSVM has performed better with a 13.32% return vs 12.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

RFV is cheaper with a 0.35% expense ratio, compared with 0.37% for XSVM.

XSVM has the higher dividend yield at 1.82%, compared with 1.70% for RFV.

RFV is categorized as Small Cap Value Equities, while XSVM is Momentum. RFV tracks S&P Mid Cap 400 Pure Value, while XSVM tracks S&P SmallCap 600 High Momentum Value Index. Their fees differ too: 0.35% for RFV and 0.37% for XSVM.

XSVM currently has the higher Sharpe Ratio (2.03 vs 1.20), 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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