PortfoliosLab logoPortfoliosLab logo

Documentation

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

SPHB vs. XSVM

Last updated Jun 23, 2026

SPHB (Invesco S&P 500® High Beta ETF) and XSVM (Invesco S&P SmallCap Value with Momentum ETF) are both exchange-traded funds - SPHB is a S&P 500 fund tracking the S&P 500 High Beta Index, 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, SPHB returned 19.96%/yr vs 13.24%/yr for XSVM. A 0.79 correlation means they provide meaningful diversification when combined. SPHB charges 0.25%/yr vs 0.37%/yr for XSVM.

Performance

SPHB vs. XSVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500® High Beta ETF (SPHB) 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, SPHB achieves a 34.45% return, which is significantly higher than XSVM's 20.07% return. Over the past 10 years, SPHB has outperformed XSVM with an annualized return of 19.96%, while XSVM has yielded a comparatively lower 13.24% annualized return.

SPHB

1D
1.23%
1M
10.55%
YTD
34.45%
6M
31.05%
1Y
70.74%
3Y*
29.97%
5Y*
16.73%
10Y*
19.96%

XSVM

1D
-0.05%
1M
2.87%
YTD
20.07%
6M
17.31%
1Y
39.24%
3Y*
17.36%
5Y*
8.01%
10Y*
13.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPHB vs. XSVM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPHB
Invesco S&P 500® High Beta ETF		34.45%32.87%8.48%33.28%-20.59%40.58%25.56%33.96%-15.55%17.87%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		20.07%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-12.33%3.62%

Correlation

The correlation between SPHB and XSVM is 0.62, 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

0.62

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

0.68

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

0.75

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

0.76

Correlation (All Time)
Calculated using the full available price history since May 5, 2011

0.79

The correlation between SPHB and XSVM shifts across timeframes, from 0.62 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

SPHB vs. XSVM - Sectors Allocation Comparison

Sectors
SPHB
XSVM

Technology

46.2%
9.5%

Industrials

14.8%
6.3%

Financial Services

13.2%
38.7%

Consumer Cyclical

12.7%
17.4%

Healthcare

4.9%
1.1%

Communication Services

2.5%
2.8%

Basic Materials

2.4%
2.0%

Utilities

2.4%
1.2%

Energy

2.2%
9.3%

Consumer Defensive

0.9%
6.9%

Real Estate

-

4.8%

Technology

SPHB
46.2%
XSVM
9.5%

Industrials

SPHB
14.8%
XSVM
6.3%

Financial Services

SPHB
13.2%
XSVM
38.7%

Consumer Cyclical

SPHB
12.7%
XSVM
17.4%

Healthcare

SPHB
4.9%
XSVM
1.1%

Communication Services

SPHB
2.5%
XSVM
2.8%

Basic Materials

SPHB
2.4%
XSVM
2.0%

Utilities

SPHB
2.4%
XSVM
1.2%

Energy

SPHB
2.2%
XSVM
9.3%

Consumer Defensive

SPHB
0.9%
XSVM
6.9%

Real Estate

SPHB

-

XSVM
4.8%

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 500® High Beta ETF

Invesco S&P SmallCap Value with Momentum ETF

Often compared with SPHB:
SPHB vs. SPLVSPHB vs. QQQSPHB vs. SCHDSPHB vs. SPMOSPHB vs. IVVSPHB vs. SPGPSPHB vs. VSDA
Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. DGRSXSVM vs. RYPRXXSVM vs. SVAL

Return for Risk

SPHB vs. XSVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPHB
SPHB Risk / Return Rank: 8989
Overall Rank
SPHB Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
SPHB Sortino Ratio Rank: 8484
Sortino Ratio Rank
SPHB Omega Ratio Rank: 8383
Omega Ratio Rank
SPHB Calmar Ratio Rank: 9494
Calmar Ratio Rank
SPHB Martin Ratio Rank: 9494
Martin Ratio Rank
XSVM
XSVM Risk / Return Rank: 7070
Overall Rank
XSVM Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 7070
Sortino Ratio Rank
XSVM Omega Ratio Rank: 6464
Omega Ratio Rank
XSVM Calmar Ratio Rank: 7878
Calmar Ratio Rank
XSVM Martin Ratio Rank: 6868
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.

SPHB vs. XSVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® High Beta ETF (SPHB) 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.

SPHBXSVMDifference
Sharpe ratioReturn per unit of total volatility
2.97
2.13

+0.84

Sortino ratioReturn per unit of downside risk
3.58
3.06

+0.51

Omega ratioGain probability vs. loss probability

1.48

1.37

+0.10

Calmar ratioReturn relative to maximum drawdown

6.64

3.91

+2.73

Martin ratioReturn relative to average drawdown

25.09

12.10

+12.99

SPHB vs. XSVM - Sharpe Ratio Comparison

The current SPHB Sharpe Ratio is 2.97, which is higher than the XSVM Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of SPHB 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

SPHB vs. XSVM - Drawdown Comparison

The maximum SPHB drawdown since its inception was -46.84%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for SPHB and XSVM.

Loading charts...

Drawdown Indicators

SPHBXSVMDifference

Max Drawdown

Largest peak-to-trough decline

-46.84%

-62.57%

+15.73%

Max Drawdown (1Y)

Largest decline over 1 year

-10.70%

-10.08%

-0.62%

Max Drawdown (3Y)

Largest decline over 3 years

-29.21%

-26.21%

-3.00%

Max Drawdown (5Y)

Largest decline over 5 years

-31.49%

-26.21%

-5.28%

Max Drawdown (10Y)

Largest decline over 10 years

-46.84%

-49.02%

+2.18%

Current Drawdown

Current decline from peak

0.00%

-1.49%

+1.49%

Average Drawdown

Average peak-to-trough decline

-8.48%

-11.54%

+3.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.83%

3.25%

-0.42%

Volatility

SPHB vs. XSVM - Volatility Comparison

Invesco S&P 500® High Beta ETF (SPHB) has a higher volatility of 10.87% compared to Invesco S&P SmallCap Value with Momentum ETF (XSVM) at 4.60%. This indicates that SPHB'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.

Loading charts...

Volatility by Period

SPHBXSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.87%

4.60%

+6.27%

Volatility (6M)

Calculated over the trailing 6-month period

19.26%

12.27%

+6.99%

Volatility (1Y)

Calculated over the trailing 1-year period

23.98%

18.57%

+5.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.67%

22.55%

+5.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.59%

25.09%

+3.50%

SPHB vs. XSVM - Expense Ratio Comparison

SPHB has a 0.25% expense ratio, which is lower than XSVM's 0.37% expense ratio.

Dividends

SPHB vs. XSVM - Dividend Comparison

SPHB's dividend yield for the trailing twelve months is around 0.62%, less than XSVM's 2.23% yield.

PositionTTM20252024202320222021202020192018201720162015
SPHB
Invesco S&P 500® High Beta ETF		0.62%0.60%0.80%0.73%0.72%0.91%1.90%1.26%1.96%1.34%0.93%1.69%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		2.23%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

SPHB and XSVM have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPHB has higher volatility (10.87%) compared to XSVM (4.60%). In terms of maximum drawdown, SPHB dropped -46.84% vs XSVM's -62.57%.

On 10-year performance, SPHB leads with 19.96% vs 13.24% for XSVM. On fees, SPHB is cheaper at 0.25% per year. On volatility, XSVM has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SPHB has performed better with a 19.96% return vs 13.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPHB is cheaper with a 0.25% expense ratio, compared with 0.37% for XSVM.

XSVM has the higher dividend yield at 2.23%, compared with 0.62% for SPHB.

SPHB is categorized as S&P 500, while XSVM is Momentum. SPHB tracks S&P 500 High Beta Index, while XSVM tracks S&P SmallCap 600 High Momentum Value Index. Their fees differ too: 0.25% for SPHB and 0.37% for XSVM.

SPHB currently has the higher Sharpe Ratio (2.97 vs 2.13), 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 SPHB 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