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SMOT vs. XSVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SMOT vs. XSVM

Last updated Jun 3, 2026

SMOT (VanEck Morningstar SMID Moat ETF) and XSVM (Invesco S&P SmallCap Value with Momentum ETF) are both exchange-traded funds - SMOT is a Mid Cap Blend Equities fund tracking the Morningstar US Small-Mid Cap Moat Focus, while XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index. Both are passively managed. Over the past 3 years, SMOT returned 12.06%/yr vs 16.56%/yr for XSVM. Their correlation of 0.84 suggests significant overlap in exposure. SMOT charges 0.49%/yr vs 0.37%/yr for XSVM.

Performance

SMOT vs. XSVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar SMID Moat ETF (SMOT) 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, SMOT achieves a 7.27% return, which is significantly lower than XSVM's 18.61% return.

SMOT

1D
1.12%
1M
4.07%
YTD
7.27%
6M
8.91%
1Y
18.52%
3Y*
12.06%
5Y*
—
10Y*
—

XSVM

1D
1.64%
1M
1.78%
YTD
18.61%
6M
19.79%
1Y
38.47%
3Y*
16.56%
5Y*
6.61%
10Y*
12.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SMOT vs. XSVM - Yearly Performance Comparison

2026 (YTD)2025202420232022
SMOT
VanEck Morningstar SMID Moat ETF		7.27%6.46%10.71%17.31%5.41%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		18.61%7.47%2.30%20.20%6.19%

Correlation

The correlation between SMOT and XSVM is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.79

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

0.83

Correlation (All Time)
Calculated using the full available price history since Oct 7, 2022

0.84

The correlation between SMOT and XSVM has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.

SMOT vs. XSVM - Sectors Allocation Comparison

Sectors
SMOT
XSVM

Technology

22.2%
7.8%

Healthcare

18.3%
1.4%

Consumer Cyclical

13.1%
17.0%

Industrials

12.0%
6.7%

Basic Materials

8.1%
1.9%

Consumer Defensive

7.8%
7.3%

Financial Services

6.0%
38.8%

Energy

4.7%
9.9%

Utilities

2.7%
1.3%

Real Estate

2.6%
5.0%

Communication Services

2.4%
2.9%

Technology

SMOT
22.2%
XSVM
7.8%

Healthcare

SMOT
18.3%
XSVM
1.4%

Consumer Cyclical

SMOT
13.1%
XSVM
17.0%

Industrials

SMOT
12.0%
XSVM
6.7%

Basic Materials

SMOT
8.1%
XSVM
1.9%

Consumer Defensive

SMOT
7.8%
XSVM
7.3%

Financial Services

SMOT
6.0%
XSVM
38.8%

Energy

SMOT
4.7%
XSVM
9.9%

Utilities

SMOT
2.7%
XSVM
1.3%

Real Estate

SMOT
2.6%
XSVM
5.0%

Communication Services

SMOT
2.4%
XSVM
2.9%

Compare stocks, funds, or ETFs

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

VanEck Morningstar SMID Moat ETF

Invesco S&P SmallCap Value with Momentum ETF

Often compared with SMOT:
SMOT vs. MOATSMOT vs. INCMSMOT vs. IWMSMOT vs. VOOSMOT vs. IJRSMOT vs. SDVYSMOT vs. FLQM
Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX

Return for Risk

SMOT vs. XSVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SMOT
SMOT Risk / Return Rank: 3838
Overall Rank
SMOT Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
SMOT Sortino Ratio Rank: 3939
Sortino Ratio Rank
SMOT Omega Ratio Rank: 3434
Omega Ratio Rank
SMOT Calmar Ratio Rank: 4040
Calmar Ratio Rank
SMOT Martin Ratio Rank: 4040
Martin Ratio Rank
XSVM
XSVM Risk / Return Rank: 6565
Overall Rank
XSVM Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 6464
Sortino Ratio Rank
XSVM Omega Ratio Rank: 6060
Omega Ratio Rank
XSVM Calmar Ratio Rank: 7474
Calmar Ratio Rank
XSVM Martin Ratio Rank: 6363
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.

SMOT vs. XSVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar SMID Moat ETF (SMOT) 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.

SMOTXSVMDifference

Sharpe ratio

Return per unit of total volatility

1.32

2.09

-0.77

Sortino ratio

Return per unit of downside risk

2.01

3.00

-0.99

Omega ratio

Gain probability vs. loss probability

1.23

1.37

-0.14

Calmar ratio

Return relative to maximum drawdown

2.00

3.76

-1.76

Martin ratio

Return relative to average drawdown

6.43

11.61

-5.18

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMOT vs. XSVM - Sharpe Ratio Comparison

The current SMOT Sharpe Ratio is 1.32, which is lower than the XSVM Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of SMOT 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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Sharpe Ratios by Period

SMOTXSVMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.32

2.09

-0.77

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.29

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.52

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

0.37

+0.34

Drawdowns

SMOT vs. XSVM - Drawdown Comparison

The maximum SMOT drawdown since its inception was -23.36%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for SMOT and XSVM.

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Drawdown Indicators

SMOTXSVMDifference

Max Drawdown

Largest peak-to-trough decline

-23.36%

-62.57%

+39.21%

Max Drawdown (1Y)

Largest decline over 1 year

-8.91%

-10.08%

+1.17%

Max Drawdown (3Y)

Largest decline over 3 years

-23.36%

-26.21%

+2.85%

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

-4.82%

-11.57%

+6.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.78%

3.27%

-0.49%

Volatility

SMOT vs. XSVM - Volatility Comparison

The current volatility for VanEck Morningstar SMID Moat ETF (SMOT) is 3.09%, while Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a volatility of 5.22%. This indicates that SMOT 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

SMOTXSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.09%

5.22%

-2.13%

Volatility (6M)

Calculated over the trailing 6-month period

9.47%

11.94%

-2.47%

Volatility (1Y)

Calculated over the trailing 1-year period

14.15%

18.52%

-4.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.43%

22.71%

-4.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.43%

25.09%

-6.66%

SMOT vs. XSVM - Expense Ratio Comparison

SMOT has a 0.49% expense ratio, which is higher than XSVM's 0.37% expense ratio.

Dividends

SMOT vs. XSVM - Dividend Comparison

SMOT's dividend yield for the trailing twelve months is around 1.28%, less than XSVM's 1.79% yield.

PositionTTM20252024202320222021202020192018201720162015
SMOT
VanEck Morningstar SMID Moat ETF		1.28%1.37%1.18%0.65%0.24%0.00%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

SMOT and XSVM have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XSVM has higher volatility (5.22%) compared to SMOT (3.09%). In terms of maximum drawdown, SMOT dropped -23.36% vs XSVM's -62.57%.

On 3-year performance, XSVM leads with 16.56% vs 12.06% for SMOT. On fees, XSVM is cheaper at 0.37% per year. On volatility, SMOT has been the lower-risk option at 3.09%. 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 16.56% return vs 12.06%. 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 0.49% for SMOT.

XSVM has the higher dividend yield at 1.79%, compared with 1.28% for SMOT.

SMOT is categorized as Mid Cap Blend Equities, while XSVM is Momentum. SMOT tracks Morningstar US Small-Mid Cap Moat Focus, while XSVM tracks S&P SmallCap 600 High Momentum Value Index. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.49% for SMOT and 0.37% for XSVM.

XSVM currently has the higher Sharpe Ratio (2.09 vs 1.32), 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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