SPVM vs. XRMI
Compare and contrast key facts about Invesco S&P 500 Value with Momentum ETF (SPVM) and Global X S&P 500 Risk Managed Income ETF (XRMI).
SPVM and XRMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPVM is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Momentum Value Index. It was launched on Jun 16, 2011. XRMI is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 Risk Managed Income Index. It was launched on Aug 25, 2021. Both SPVM and XRMI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SPVM vs. XRMI - Performance Comparison
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SPVM vs. XRMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPVM Invesco S&P 500 Value with Momentum ETF | 2.19% | 20.47% | 15.64% | 5.53% | -2.10% | 4.09% |
XRMI Global X S&P 500 Risk Managed Income ETF | -2.52% | 4.60% | 15.18% | 4.22% | -14.06% | 2.68% |
Returns By Period
In the year-to-date period, SPVM achieves a 2.19% return, which is significantly higher than XRMI's -2.52% return.
SPVM
- 1D
- 1.49%
- 1M
- -3.93%
- YTD
- 2.19%
- 6M
- 5.84%
- 1Y
- 22.71%
- 3Y*
- 15.71%
- 5Y*
- 10.53%
- 10Y*
- 11.59%
XRMI
- 1D
- 0.81%
- 1M
- -4.04%
- YTD
- -2.52%
- 6M
- 1.58%
- 1Y
- 3.59%
- 3Y*
- 6.04%
- 5Y*
- —
- 10Y*
- —
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SPVM vs. XRMI - Expense Ratio Comparison
SPVM has a 0.39% expense ratio, which is lower than XRMI's 0.60% expense ratio.
Return for Risk
SPVM vs. XRMI — Risk / Return Rank
SPVM
XRMI
SPVM vs. XRMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Value with Momentum ETF (SPVM) and Global X S&P 500 Risk Managed Income ETF (XRMI). 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.
| SPVM | XRMI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 0.52 | +0.85 |
Sortino ratioReturn per unit of downside risk | 1.94 | 0.76 | +1.18 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.11 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 0.79 | +1.16 |
Martin ratioReturn relative to average drawdown | 9.14 | 2.73 | +6.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPVM | XRMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 0.52 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.24 | +0.36 |
Correlation
The correlation between SPVM and XRMI is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SPVM vs. XRMI - Dividend Comparison
SPVM's dividend yield for the trailing twelve months is around 2.03%, less than XRMI's 12.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPVM Invesco S&P 500 Value with Momentum ETF | 2.03% | 2.02% | 1.91% | 2.45% | 2.33% | 1.41% | 2.11% | 2.40% | 3.10% | 1.68% | 2.80% | 2.67% |
XRMI Global X S&P 500 Risk Managed Income ETF | 12.83% | 12.35% | 11.86% | 12.62% | 12.84% | 2.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPVM vs. XRMI - Drawdown Comparison
The maximum SPVM drawdown since its inception was -45.35%, which is greater than XRMI's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for SPVM and XRMI.
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Drawdown Indicators
| SPVM | XRMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.35% | -15.31% | -30.04% |
Max Drawdown (1Y)Largest decline over 1 year | -12.37% | -5.02% | -7.35% |
Max Drawdown (5Y)Largest decline over 5 years | -19.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.35% | — | — |
Current DrawdownCurrent decline from peak | -4.34% | -4.25% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -6.10% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 1.45% | +1.19% |
Volatility
SPVM vs. XRMI - Volatility Comparison
Invesco S&P 500 Value with Momentum ETF (SPVM) has a higher volatility of 3.55% compared to Global X S&P 500 Risk Managed Income ETF (XRMI) at 2.62%. This indicates that SPVM's price experiences larger fluctuations and is considered to be riskier than XRMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPVM | XRMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 2.62% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 8.53% | 4.50% | +4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.68% | 6.88% | +9.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 6.99% | +9.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 6.99% | +12.60% |