SSMG vs. XMMO

Last updated Jul 16, 2026

SSMG (Virtus Silvant Small/Mid Growth ETF) and XMMO (Invesco S&P MidCap Momentum ETF) are both exchange-traded funds - SSMG is a Mid Cap Growth Equities fund actively managed by Virtus, while XMMO is a Momentum fund tracking the S&P MidCap 400 Momentum Index. SSMG is actively managed, while XMMO is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. SSMG charges 0.39%/yr vs 0.35%/yr for XMMO.

Performance

SSMG vs. XMMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Silvant Small/Mid Growth ETF (SSMG) and Invesco S&P MidCap Momentum ETF (XMMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SSMG

• 1D: -0.20%
• 1M: -4.80%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XMMO

• 1D: -0.06%
• 1M: -6.06%
• 6M: 13.80%
• YTD: 16.42%
• 1Y: 25.77%
• 3Y*: 26.60%
• 5Y*: 15.52%
• 10Y*: 18.82%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SSMG vs. XMMO - Yearly Performance Comparison

	2026 (YTD)
SSMG Virtus Silvant Small/Mid Growth ETF	5.50%
XMMO Invesco S&P MidCap Momentum ETF	1.86%

Correlation

The correlation between SSMG and XMMO is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 22, 2026	0.90

Return for Risk

SSMG vs. XMMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SSMG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

XMMO

XMMO Risk / Return Rank: 54
XMMO Sharpe Ratio Rank: 43
XMMO Sortino Ratio Rank: 42
XMMO Omega Ratio Rank: 42
XMMO Calmar Ratio Rank: 73
XMMO Martin Ratio Rank: 70

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.

SSMG vs. XMMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Silvant Small/Mid Growth ETF (SSMG) and Invesco S&P MidCap Momentum ETF (XMMO). 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.

	SSMG	XMMO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.26	—
Sortino ratio: Return per unit of downside risk	—	1.81	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	2.97	—
Martin ratio: Return relative to average drawdown	—	10.14	—

Drawdowns

SSMG vs. XMMO - Drawdown Comparison

The maximum SSMG drawdown since its inception was -7.24%, smaller than the maximum XMMO drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for SSMG and XMMO.

Drawdown Indicators

	SSMG	XMMO	Difference
Max Drawdown Largest peak-to-trough decline	-7.24%	-55.37%	+48.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.71%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.93%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.74%	—
Current Drawdown Current decline from peak	-6.85%	-7.56%	+0.71%
Average Drawdown Average peak-to-trough decline	-2.01%	-9.42%	+7.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.55%	—

Volatility

Volatility by Period

	SSMG	XMMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.54%	20.65%	+6.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.54%	21.75%	+5.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.54%	22.34%	+5.20%

SSMG vs. XMMO - Expense Ratio Comparison

SSMG has a 0.39% expense ratio, which is higher than XMMO's 0.35% expense ratio.

Dividends

SSMG vs. XMMO - Dividend Comparison

SSMG has not paid dividends to shareholders, while XMMO's dividend yield for the trailing twelve months is around 0.60%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SSMG Virtus Silvant Small/Mid Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XMMO Invesco S&P MidCap Momentum ETF	0.60%	0.78%	0.34%	0.80%	1.43%	0.41%	0.61%	0.60%	0.19%	0.21%	0.22%	0.64%

Frequently Asked Questions

Can I hold both SSMG and XMMO in my portfolio?

With a correlation of 0.90, SSMG and XMMO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SSMG or XMMO?

On fees, XMMO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SSMG or XMMO?

XMMO is cheaper with a 0.35% expense ratio, compared with 0.39% for SSMG.

Which ETF pays a higher dividend yield, SSMG or XMMO?

XMMO has the higher dividend yield at 0.60%, compared with 0.00% for SSMG.

What is the main difference between SSMG and XMMO?

SSMG is categorized as Mid Cap Growth Equities, while XMMO is Momentum. They also come from different issuers: Virtus and Invesco. Their fees differ too: 0.39% for SSMG and 0.35% for XMMO.