USVM vs. XMMO
Compare and contrast key facts about VictoryShares US Small Mid Cap Value Momentum ETF (USVM) and Invesco S&P MidCap Momentum ETF (XMMO).
USVM and XMMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USVM is a passively managed fund by Victory Capital that tracks the performance of the Nasdaq Victory US Small Mid Cap Value Momentum Index. It was launched on Oct 24, 2017. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005. Both USVM and XMMO 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
USVM vs. XMMO - Performance Comparison
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USVM vs. XMMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USVM VictoryShares US Small Mid Cap Value Momentum ETF | 4.07% | 10.56% | 16.59% | 18.90% | -13.23% | 24.44% | 11.56% | 21.65% | -9.39% | 2.21% |
XMMO Invesco S&P MidCap Momentum ETF | 4.93% | 13.04% | 38.03% | 20.39% | -16.02% | 16.69% | 29.17% | 36.78% | 6.12% | 6.07% |
Returns By Period
In the year-to-date period, USVM achieves a 4.07% return, which is significantly lower than XMMO's 4.93% return.
USVM
- 1D
- 2.36%
- 1M
- -3.92%
- YTD
- 4.07%
- 6M
- 5.65%
- 1Y
- 22.73%
- 3Y*
- 16.19%
- 5Y*
- 8.24%
- 10Y*
- —
XMMO
- 1D
- 4.31%
- 1M
- -3.18%
- YTD
- 4.93%
- 6M
- 7.61%
- 1Y
- 28.46%
- 3Y*
- 25.08%
- 5Y*
- 12.21%
- 10Y*
- 18.19%
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USVM vs. XMMO - Expense Ratio Comparison
USVM has a 0.29% expense ratio, which is lower than XMMO's 0.33% expense ratio.
Return for Risk
USVM vs. XMMO — Risk / Return Rank
USVM
XMMO
USVM vs. XMMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Small Mid Cap Value Momentum ETF (USVM) 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.
| USVM | XMMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 1.30 | -0.17 |
Sortino ratioReturn per unit of downside risk | 1.69 | 1.86 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.28 | -0.58 |
Martin ratioReturn relative to average drawdown | 7.47 | 10.83 | -3.36 |
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
| USVM | XMMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.30 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.58 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.54 | -0.11 |
Correlation
The correlation between USVM and XMMO is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
USVM vs. XMMO - Dividend Comparison
USVM's dividend yield for the trailing twelve months is around 1.91%, more than XMMO's 0.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USVM VictoryShares US Small Mid Cap Value Momentum ETF | 1.91% | 1.84% | 1.75% | 1.63% | 1.43% | 0.70% | 1.21% | 1.77% | 1.43% | 0.65% | 0.00% | 0.00% |
XMMO Invesco S&P MidCap Momentum ETF | 0.71% | 0.78% | 0.34% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% |
Drawdowns
USVM vs. XMMO - Drawdown Comparison
The maximum USVM drawdown since its inception was -42.38%, smaller than the maximum XMMO drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for USVM and XMMO.
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Drawdown Indicators
| USVM | XMMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.38% | -55.37% | +12.99% |
Max Drawdown (1Y)Largest decline over 1 year | -13.58% | -12.81% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -25.27% | -27.91% | +2.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.74% | — |
Current DrawdownCurrent decline from peak | -5.50% | -4.39% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -8.04% | -9.52% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 2.69% | +0.40% |
Volatility
USVM vs. XMMO - Volatility Comparison
The current volatility for VictoryShares US Small Mid Cap Value Momentum ETF (USVM) is 5.75%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 9.07%. This indicates that USVM 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
| USVM | XMMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 9.07% | -3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 14.28% | -3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.16% | 21.97% | -1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.75% | 21.26% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.14% | 22.11% | +0.03% |