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SVAL vs. XMMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SVAL vs. XMMO

Last updated Aug 2, 2026
Documentation

SVAL (iShares US Small Cap Value Factor ETF) and XMMO (Invesco S&P MidCap Momentum ETF) are both exchange-traded funds - SVAL is a Small Cap Value Equities fund tracking the Russell 2000 Focused Value Select Index, while XMMO is a Momentum fund tracking the S&P MidCap 400 Momentum Index. Both are passively managed. Over the past 5 years, SVAL returned 9.86%/yr vs 13.41%/yr for XMMO. Their 0.72 correlation means they have sometimes moved together and sometimes differently. SVAL charges 0.20%/yr vs 0.35%/yr for XMMO.

Performance

SVAL vs. XMMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares US Small Cap Value Factor ETF (SVAL) and Invesco S&P MidCap Momentum ETF (XMMO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SVAL achieves a 25.30% return, which is significantly higher than XMMO's 11.79% return.

SVAL

1D
0.26%
1M
2.62%
6M
17.08%
YTD
25.30%
1Y
43.73%
3Y*
16.07%
5Y*
9.86%
10Y*
—
ALL TIME*
17.62%

XMMO

1D
0.22%
1M
-5.42%
6M
10.34%
YTD
11.79%
1Y
20.56%
3Y*
23.81%
5Y*
13.41%
10Y*
18.04%
ALL TIME*
12.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

SVAL

iShares US Small Cap Value Factor ETF
$620.93K$633.76K$608.86K

XMMO

Invesco S&P MidCap Momentum ETF
$60.32M$71.93M$66.65M

SVAL vs. XMMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
SVAL
iShares US Small Cap Value Factor ETF		25.30%8.23%7.54%12.27%-10.15%33.18%29.82%
XMMO
Invesco S&P MidCap Momentum ETF		11.79%13.04%38.03%20.39%-16.02%16.69%15.18%

Correlation

The correlation between SVAL and XMMO is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.56

Correlation (3Y)
Balances recent behavior with more history.

0.67

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.76

Correlation (All Time)
Calculated using the full available price history since Oct 29, 2020

0.72

The correlation between SVAL and XMMO shifts across timeframes, from 0.56 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.

SVAL vs. XMMO - Sectors Allocation Comparison

Sectors
SVAL
XMMO

Financial Services

22.7%
2.9%

Industrials

12.9%
37.0%

Healthcare

12.0%
8.1%

Consumer Cyclical

11.8%
5.0%

Technology

10.4%
12.9%

Energy

10.0%
8.4%

Real Estate

4.7%
7.2%

Basic Materials

4.7%
10.2%

Consumer Defensive

4.3%
0.5%

Utilities

3.4%
6.0%

Communication Services

3.0%
1.7%

Financial Services

SVAL
22.7%
XMMO
2.9%

Industrials

SVAL
12.9%
XMMO
37.0%

Healthcare

SVAL
12.0%
XMMO
8.1%

Consumer Cyclical

SVAL
11.8%
XMMO
5.0%

Technology

SVAL
10.4%
XMMO
12.9%

Energy

SVAL
10.0%
XMMO
8.4%

Real Estate

SVAL
4.7%
XMMO
7.2%

Basic Materials

SVAL
4.7%
XMMO
10.2%

Consumer Defensive

SVAL
4.3%
XMMO
0.5%

Utilities

SVAL
3.4%
XMMO
6.0%

Communication Services

SVAL
3.0%
XMMO
1.7%

Compare stocks, funds, or ETFs

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

iShares US Small Cap Value Factor ETF

Invesco S&P MidCap Momentum ETF

Often compared with SVAL:
SVAL vs. AVUVSVAL vs. XSVMSVAL vs. SPYVSVAL vs. IJSSVAL vs. SLYVSVAL vs. IWOSVAL vs. VDC
Often compared with XMMO:
XMMO vs. SPMOXMMO vs. VOOXMMO vs. XMHQXMMO vs. MTUMXMMO vs. QMOMXMMO vs. FMTMXMMO vs. XSMO

Return for Risk

SVAL vs. XMMO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
SVAL
SVAL Risk / Return Rank: 9292
Overall Rank
SVAL Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
SVAL Sortino Ratio Rank: 9393
Sortino Ratio Rank
SVAL Omega Ratio Rank: 9191
Omega Ratio Rank
SVAL Calmar Ratio Rank: 9393
Calmar Ratio Rank
SVAL Martin Ratio Rank: 9292
Martin Ratio Rank
XMMO
XMMO Risk / Return Rank: 3939
Overall Rank
XMMO Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
XMMO Sortino Ratio Rank: 3636
Sortino Ratio Rank
XMMO Omega Ratio Rank: 3535
Omega Ratio Rank
XMMO Calmar Ratio Rank: 3939
Calmar Ratio Rank
XMMO Martin Ratio Rank: 5050
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SVAL vs. XMMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares US Small Cap Value Factor ETF (SVAL) 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.

SVALXMMODifference
Sharpe ratioReturn per unit of total volatility
2.41
0.89

+1.52

Sortino ratioReturn per unit of downside risk
3.51
1.35

+2.16

Omega ratioGain probability vs. loss probability

1.42

1.17

+0.26

Calmar ratioReturn relative to maximum drawdown

4.59

1.38

+3.21

Martin ratioReturn relative to average drawdown

15.49

5.81

+9.68

SVAL vs. XMMO - Sharpe Ratio Comparison

The current SVAL Sharpe Ratio is 2.41, which is higher than the XMMO Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of SVAL and XMMO, 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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Drawdowns

SVAL vs. XMMO - Drawdown Comparison

The maximum SVAL drawdown since its inception was -27.44%, smaller than the maximum XMMO drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for SVAL and XMMO.

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Drawdown Indicators

SVALXMMODifference

Max Drawdown

Largest peak-to-trough decline

-27.44%

-55.37%

+27.93%

Max Drawdown (1Y)

Largest decline over 1 year

-8.94%

-13.91%

+4.97%

Max Drawdown (3Y)

Largest decline over 3 years

-27.44%

-24.93%

-2.51%

Max Drawdown (5Y)

Largest decline over 5 years

-27.44%

-27.91%

+0.47%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.74%

—

Current Drawdown

Current decline from peak

-0.79%

-11.24%

+10.45%

Average Drawdown

Average peak-to-trough decline

-8.29%

-9.42%

+1.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.64%

3.29%

-0.65%

Volatility

SVAL vs. XMMO - Volatility Comparison

The current volatility for iShares US Small Cap Value Factor ETF (SVAL) is 3.19%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 7.88%. This indicates that SVAL experiences smaller price fluctuations and is considered to be less risky than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SVALXMMODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.19%

7.88%

-4.69%

Volatility (6M)

Calculated over the trailing 6-month period

10.99%

18.46%

-7.47%

Volatility (1Y)

Calculated over the trailing 1-year period

17.03%

21.50%

-4.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.01%

21.86%

+0.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.04%

22.43%

+0.61%

SVAL vs. XMMO - Expense Ratio Comparison

SVAL has a 0.20% expense ratio, which is lower than XMMO's 0.35% expense ratio.

Dividends

SVAL vs. XMMO - Dividend Comparison

SVAL's dividend yield for the trailing twelve months is around 2.04%, more than XMMO's 0.63% yield.

PositionTTM20252024202320222021202020192018201720162015
SVAL
iShares US Small Cap Value Factor ETF		2.04%2.33%1.82%2.25%2.09%2.33%0.28%0.00%0.00%0.00%0.00%0.00%
XMMO
Invesco S&P MidCap Momentum ETF		0.63%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

SVAL and XMMO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XMMO has higher volatility (7.88%) compared to SVAL (3.19%). In terms of maximum drawdown, SVAL dropped -27.44% vs XMMO's -55.37%.

On 5-year performance, XMMO leads with 13.41% vs 9.86% for SVAL. On fees, SVAL is cheaper at 0.20% per year. On volatility, SVAL has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, XMMO has performed better with a 13.41% return vs 9.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SVAL is cheaper with a 0.20% expense ratio, compared with 0.35% for XMMO.

SVAL has the higher dividend yield at 2.04%, compared with 0.63% for XMMO.

SVAL is categorized as Small Cap Value Equities, while XMMO is Momentum. SVAL tracks Russell 2000 Focused Value Select Index, while XMMO tracks S&P MidCap 400 Momentum Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for SVAL and 0.35% for XMMO.

SVAL currently has the higher Sharpe Ratio (2.41 vs 0.89), 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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