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RZV vs. XSVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RZV vs. XSVM

Last updated Jun 24, 2026

RZV (Invesco S&P SmallCap 600® Pure Value ETF) and XSVM (Invesco S&P SmallCap Value with Momentum ETF) are both exchange-traded funds - RZV is a Small Cap Value Equities fund tracking the S&P Small Cap 600 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, RZV returned 11.15%/yr vs 13.32%/yr for XSVM. Their correlation of 0.90 suggests significant overlap in exposure. RZV charges 0.35%/yr vs 0.37%/yr for XSVM.

Performance

RZV vs. XSVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap 600® Pure Value ETF (RZV) 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

The year-to-date returns for both stocks are quite close, with RZV having a 21.03% return and XSVM slightly lower at 20.98%. Over the past 10 years, RZV has underperformed XSVM with an annualized return of 11.15%, while XSVM has yielded a comparatively higher 13.32% annualized return.

RZV

1D
-0.09%
1M
5.47%
YTD
21.03%
6M
20.88%
1Y
41.43%
3Y*
18.77%
5Y*
9.58%
10Y*
11.15%

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)

RZV vs. XSVM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RZV
Invesco S&P SmallCap 600® Pure Value ETF		21.03%8.65%5.06%22.97%-6.80%45.95%-3.88%22.29%-19.66%1.25%
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 RZV and XSVM is 0.87, 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

0.87

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

0.91

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

0.94

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

0.91

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

0.90

The correlation between RZV and XSVM has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.

RZV vs. XSVM - Sectors Allocation Comparison

Sectors
RZV
XSVM

Consumer Cyclical

25.9%
17.4%

Industrials

15.9%
6.3%

Technology

10.5%
9.5%

Energy

8.8%
9.3%

Healthcare

8.4%
1.1%

Consumer Defensive

7.6%
6.9%

Financial Services

7.4%
38.7%

Basic Materials

6.2%
2.0%

Real Estate

4.8%
4.8%

Communication Services

4.0%
2.8%

Utilities

0.4%
1.2%

Consumer Cyclical

RZV
25.9%
XSVM
17.4%

Industrials

RZV
15.9%
XSVM
6.3%

Technology

RZV
10.5%
XSVM
9.5%

Energy

RZV
8.8%
XSVM
9.3%

Healthcare

RZV
8.4%
XSVM
1.1%

Consumer Defensive

RZV
7.6%
XSVM
6.9%

Financial Services

RZV
7.4%
XSVM
38.7%

Basic Materials

RZV
6.2%
XSVM
2.0%

Real Estate

RZV
4.8%
XSVM
4.8%

Communication Services

RZV
4.0%
XSVM
2.8%

Utilities

RZV
0.4%
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 SmallCap 600® Pure Value ETF

Invesco S&P SmallCap Value with Momentum ETF

Often compared with RZV:
RZV vs. AVUVRZV vs. RWJRZV vs. RPVRZV vs. VBRRZV vs. IJRRZV vs. PSCCRZV vs. SPY
Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX

Return for Risk

RZV vs. XSVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RZV
RZV Risk / Return Rank: 6464
Overall Rank
RZV Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
RZV Sortino Ratio Rank: 6666
Sortino Ratio Rank
RZV Omega Ratio Rank: 5757
Omega Ratio Rank
RZV Calmar Ratio Rank: 7070
Calmar Ratio Rank
RZV Martin Ratio Rank: 6363
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.

RZV vs. XSVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600® Pure Value ETF (RZV) 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.

RZVXSVMDifference
Sharpe ratioReturn per unit of total volatility
2.01
2.03

-0.02

Sortino ratioReturn per unit of downside risk
2.86
2.93

-0.07

Omega ratioGain probability vs. loss probability

1.34

1.36

-0.02

Calmar ratioReturn relative to maximum drawdown

3.31

3.70

-0.39

Martin ratioReturn relative to average drawdown

10.76

11.45

-0.69

RZV vs. XSVM - Sharpe Ratio Comparison

The current RZV Sharpe Ratio is 2.01, which is comparable to the XSVM Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of RZV 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

RZV vs. XSVM - Drawdown Comparison

The maximum RZV drawdown since its inception was -77.11%, which is greater than XSVM's maximum drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for RZV and XSVM.

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Drawdown Indicators

RZVXSVMDifference

Max Drawdown

Largest peak-to-trough decline

-77.11%

-62.57%

-14.54%

Max Drawdown (1Y)

Largest decline over 1 year

-12.56%

-10.08%

-2.48%

Max Drawdown (3Y)

Largest decline over 3 years

-29.81%

-26.21%

-3.60%

Max Drawdown (5Y)

Largest decline over 5 years

-29.81%

-26.21%

-3.60%

Max Drawdown (10Y)

Largest decline over 10 years

-60.42%

-49.02%

-11.40%

Current Drawdown

Current decline from peak

-2.07%

-0.73%

-1.34%

Average Drawdown

Average peak-to-trough decline

-13.57%

-11.54%

-2.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.86%

3.25%

+0.61%

Volatility

RZV vs. XSVM - Volatility Comparison

Invesco S&P SmallCap 600® Pure Value ETF (RZV) has a higher volatility of 5.25% compared to Invesco S&P SmallCap Value with Momentum ETF (XSVM) at 4.63%. This indicates that RZV'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

RZVXSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.25%

4.63%

+0.62%

Volatility (6M)

Calculated over the trailing 6-month period

14.08%

12.28%

+1.80%

Volatility (1Y)

Calculated over the trailing 1-year period

20.74%

18.54%

+2.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.32%

22.55%

+1.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.99%

25.07%

+1.92%

RZV vs. XSVM - Expense Ratio Comparison

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

Dividends

RZV vs. XSVM - Dividend Comparison

RZV's dividend yield for the trailing twelve months is around 1.45%, less than XSVM's 1.82% yield.

PositionTTM20252024202320222021202020192018201720162015
RZV
Invesco S&P SmallCap 600® Pure Value ETF		1.45%1.59%1.14%1.13%1.43%0.86%0.63%1.03%2.03%1.02%0.46%1.24%
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

RZV and XSVM have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RZV has higher volatility (5.25%) compared to XSVM (4.63%). In terms of maximum drawdown, RZV dropped -77.11% vs XSVM's -62.57%.

On 10-year performance, XSVM leads with 13.32% vs 11.15% for RZV. On fees, RZV is cheaper at 0.35% per year. On volatility, XSVM has been the lower-risk option at 4.63%. 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 11.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

RZV 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 1.45% for RZV.

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

XSVM currently has the higher Sharpe Ratio (2.03 vs 2.01), 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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