PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SMIG vs. XSVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SMIG vs. XSVM

Last updated Jun 25, 2026

SMIG (Bahl & Gaynor Small/Mid Cap Income Growth ETF) and XSVM (Invesco S&P SmallCap Value with Momentum ETF) are both exchange-traded funds - SMIG is a Small Cap Value Equities fund actively managed by Bahl & Gaynor, while XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index. SMIG is actively managed, while XSVM is passively managed. Over the past 3 years, SMIG returned 13.91%/yr vs 18.17%/yr for XSVM. Their correlation of 0.86 suggests significant overlap in exposure. SMIG charges 0.60%/yr vs 0.37%/yr for XSVM.

Performance

SMIG vs. XSVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SMIG achieves a 13.96% return, which is significantly lower than XSVM's 22.57% return.

SMIG

1D
0.90%
1M
2.25%
YTD
13.96%
6M
12.44%
1Y
14.96%
3Y*
13.91%
5Y*
—
10Y*
—

XSVM

1D
1.31%
1M
5.02%
YTD
22.57%
6M
19.95%
1Y
37.55%
3Y*
18.17%
5Y*
8.21%
10Y*
13.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SMIG vs. XSVM - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SMIG
Bahl & Gaynor Small/Mid Cap Income Growth ETF		13.96%0.78%17.63%13.62%-11.83%5.23%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		22.57%7.47%2.30%20.20%-13.63%7.58%

Correlation

The correlation between SMIG and XSVM is 0.81, 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

0.81

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

0.83

Correlation (All Time)
Calculated using the full available price history since Aug 26, 2021

0.86

The correlation between SMIG and XSVM has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

SMIG vs. XSVM - Sectors Allocation Comparison

Sectors
SMIG
XSVM

Financial Services

21.1%
38.7%

Industrials

18.2%
6.3%

Consumer Cyclical

13.5%
17.4%

Technology

10.7%
9.5%

Energy

10.4%
9.3%

Utilities

9.8%
1.2%

Real Estate

9.8%
4.8%

Healthcare

2.7%
1.1%

Communication Services

2.2%
2.8%

Basic Materials

2.0%
2.0%

Consumer Defensive

1.9%
6.9%

Financial Services

SMIG
21.1%
XSVM
38.7%

Industrials

SMIG
18.2%
XSVM
6.3%

Consumer Cyclical

SMIG
13.5%
XSVM
17.4%

Technology

SMIG
10.7%
XSVM
9.5%

Energy

SMIG
10.4%
XSVM
9.3%

Utilities

SMIG
9.8%
XSVM
1.2%

Real Estate

SMIG
9.8%
XSVM
4.8%

Healthcare

SMIG
2.7%
XSVM
1.1%

Communication Services

SMIG
2.2%
XSVM
2.8%

Basic Materials

SMIG
2.0%
XSVM
2.0%

Consumer Defensive

SMIG
1.9%
XSVM
6.9%

Compare stocks, funds, or ETFs

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

Bahl & Gaynor Small/Mid Cap Income Growth ETF

Invesco S&P SmallCap Value with Momentum ETF

Often compared with SMIG:
SMIG vs. SFLOSMIG vs. WASMXSMIG vs. AVUVSMIG vs. REGLSMIG vs. SMMDSMIG vs. RWJSMIG vs. FMDE
Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX

Return for Risk

SMIG vs. XSVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SMIG
SMIG Risk / Return Rank: 3838
Overall Rank
SMIG Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
SMIG Sortino Ratio Rank: 4242
Sortino Ratio Rank
SMIG Omega Ratio Rank: 3636
Omega Ratio Rank
SMIG Calmar Ratio Rank: 4040
Calmar Ratio Rank
SMIG Martin Ratio Rank: 3434
Martin Ratio Rank
XSVM
XSVM Risk / Return Rank: 7373
Overall Rank
XSVM Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 7474
Sortino Ratio Rank
XSVM Omega Ratio Rank: 6868
Omega Ratio Rank
XSVM Calmar Ratio Rank: 8080
Calmar Ratio Rank
XSVM Martin Ratio Rank: 7070
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.

SMIG vs. XSVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) 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.

SMIGXSVMDifference
Sharpe ratioReturn per unit of total volatility
1.25
2.05

-0.80

Sortino ratioReturn per unit of downside risk
1.91
2.95

-1.04

Omega ratioGain probability vs. loss probability

1.22

1.36

-0.14

Calmar ratioReturn relative to maximum drawdown

1.76

3.74

-1.98

Martin ratioReturn relative to average drawdown

4.59

11.58

-6.99

SMIG vs. XSVM - Sharpe Ratio Comparison

The current SMIG Sharpe Ratio is 1.25, which is lower than the XSVM Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of SMIG 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.

Loading charts...

Drawdowns

SMIG vs. XSVM - Drawdown Comparison

The maximum SMIG drawdown since its inception was -19.65%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for SMIG and XSVM.

Loading charts...

Drawdown Indicators

SMIGXSVMDifference

Max Drawdown

Largest peak-to-trough decline

-19.65%

-62.57%

+42.92%

Max Drawdown (1Y)

Largest decline over 1 year

-8.52%

-10.08%

+1.56%

Max Drawdown (3Y)

Largest decline over 3 years

-19.23%

-26.21%

+6.98%

Max Drawdown (5Y)

Largest decline over 5 years

—

-26.21%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-49.02%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-6.48%

-11.54%

+5.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.27%

3.25%

+0.02%

Volatility

SMIG vs. XSVM - Volatility Comparison

The current volatility for Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) is 3.53%, while Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a volatility of 4.73%. This indicates that SMIG 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.

Loading charts...

Volatility by Period

SMIGXSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.53%

4.73%

-1.20%

Volatility (6M)

Calculated over the trailing 6-month period

8.51%

12.33%

-3.82%

Volatility (1Y)

Calculated over the trailing 1-year period

12.04%

18.45%

-6.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.15%

22.55%

-6.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.15%

25.07%

-8.92%

SMIG vs. XSVM - Expense Ratio Comparison

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

Dividends

SMIG vs. XSVM - Dividend Comparison

SMIG's dividend yield for the trailing twelve months is around 1.69%, less than XSVM's 1.79% yield.

PositionTTM20252024202320222021202020192018201720162015
SMIG
Bahl & Gaynor Small/Mid Cap Income Growth ETF		1.69%1.82%1.75%1.91%2.00%0.50%0.00%0.00%0.00%0.00%0.00%0.00%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.79%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

SMIG and XSVM have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XSVM has higher volatility (4.73%) compared to SMIG (3.53%). In terms of maximum drawdown, SMIG dropped -19.65% vs XSVM's -62.57%.

On 3-year performance, XSVM leads with 18.17% vs 13.91% for SMIG. On fees, XSVM is cheaper at 0.37% per year. On volatility, SMIG has been the lower-risk option at 3.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, XSVM has performed better with a 18.17% return vs 13.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

XSVM has the higher dividend yield at 1.79%, compared with 1.69% for SMIG.

SMIG is categorized as Small Cap Value Equities, while XSVM is Momentum. They also come from different issuers: Bahl & Gaynor and Invesco. Their fees differ too: 0.60% for SMIG and 0.37% for XSVM.

XSVM currently has the higher Sharpe Ratio (2.05 vs 1.25), 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.

Portfolio Optimizer

Find the right allocation for SMIG and XSVM

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer