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VTWV vs. XSVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VTWV vs. XSVM

Last updated Jun 25, 2026

VTWV (Vanguard Russell 2000 Value ETF) and XSVM (Invesco S&P SmallCap Value with Momentum ETF) are both exchange-traded funds - VTWV is a Small Cap Value Equities fund tracking the Russell 2000 Value 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, VTWV returned 10.92%/yr vs 13.47%/yr for XSVM. Their correlation of 0.90 suggests significant overlap in exposure. VTWV charges 0.10%/yr vs 0.37%/yr for XSVM.

Performance

VTWV vs. XSVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 2000 Value ETF (VTWV) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VTWV achieves a 21.33% return, which is significantly lower than XSVM's 22.57% return. Over the past 10 years, VTWV has underperformed XSVM with an annualized return of 10.92%, while XSVM has yielded a comparatively higher 13.47% annualized return.

VTWV

1D
0.38%
1M
3.80%
YTD
21.33%
6M
18.75%
1Y
42.06%
3Y*
19.77%
5Y*
7.49%
10Y*
10.92%

XSVM

1D
1.31%
1M
5.02%
YTD
22.57%
6M
19.95%
1Y
37.55%
3Y*
18.17%
5Y*
8.21%
10Y*
13.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VTWV vs. XSVM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VTWV
Vanguard Russell 2000 Value ETF		21.33%12.72%7.83%14.67%-14.46%27.90%4.88%22.44%-13.34%8.06%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		22.57%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-12.33%3.62%

Correlation

The correlation between VTWV and XSVM is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.89

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

0.93

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

0.94

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

0.93

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2010

0.90

The correlation between VTWV and XSVM has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

VTWV vs. XSVM - Sectors Allocation Comparison

Sectors
VTWV
XSVM

Financial Services

24.0%
38.7%

Industrials

12.2%
6.3%

Technology

11.6%
9.5%

Real Estate

10.2%
4.8%

Healthcare

10.1%
1.1%

Consumer Cyclical

8.9%
17.4%

Energy

7.8%
9.3%

Basic Materials

5.4%
2.0%

Utilities

5.0%
1.2%

Communication Services

2.7%
2.8%

Consumer Defensive

2.1%
6.9%

Financial Services

VTWV
24.0%
XSVM
38.7%

Industrials

VTWV
12.2%
XSVM
6.3%

Technology

VTWV
11.6%
XSVM
9.5%

Real Estate

VTWV
10.2%
XSVM
4.8%

Healthcare

VTWV
10.1%
XSVM
1.1%

Consumer Cyclical

VTWV
8.9%
XSVM
17.4%

Energy

VTWV
7.8%
XSVM
9.3%

Basic Materials

VTWV
5.4%
XSVM
2.0%

Utilities

VTWV
5.0%
XSVM
1.2%

Communication Services

VTWV
2.7%
XSVM
2.8%

Consumer Defensive

VTWV
2.1%
XSVM
6.9%

Compare stocks, funds, or ETFs

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

Vanguard Russell 2000 Value ETF

Invesco S&P SmallCap Value with Momentum ETF

Often compared with VTWV:
VTWV vs. VTWOVTWV vs. VBRVTWV vs. VTWGVTWV vs. VIOVVTWV vs. VONGVTWV vs. VTCVTWV vs. VB
Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX

Return for Risk

VTWV vs. XSVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VTWV
VTWV Risk / Return Rank: 8282
Overall Rank
VTWV Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
VTWV Sortino Ratio Rank: 8181
Sortino Ratio Rank
VTWV Omega Ratio Rank: 7474
Omega Ratio Rank
VTWV Calmar Ratio Rank: 9090
Calmar Ratio Rank
VTWV Martin Ratio Rank: 8787
Martin Ratio Rank
XSVM
XSVM Risk / Return Rank: 7373
Overall Rank
XSVM Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 7474
Sortino Ratio Rank
XSVM Omega Ratio Rank: 6868
Omega Ratio Rank
XSVM Calmar Ratio Rank: 8080
Calmar Ratio Rank
XSVM Martin Ratio Rank: 7070
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.

VTWV vs. XSVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 2000 Value ETF (VTWV) 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.

VTWVXSVMDifference
Sharpe ratioReturn per unit of total volatility
2.30
2.05

+0.25

Sortino ratioReturn per unit of downside risk
3.23
2.95

+0.27

Omega ratioGain probability vs. loss probability

1.39

1.36

+0.03

Calmar ratioReturn relative to maximum drawdown

4.89

3.74

+1.15

Martin ratioReturn relative to average drawdown

16.72

11.58

+5.14

VTWV vs. XSVM - Sharpe Ratio Comparison

The current VTWV Sharpe Ratio is 2.30, which is comparable to the XSVM Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of VTWV 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.

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Drawdowns

VTWV vs. XSVM - Drawdown Comparison

The maximum VTWV drawdown since its inception was -45.73%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for VTWV and XSVM.

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Drawdown Indicators

VTWVXSVMDifference

Max Drawdown

Largest peak-to-trough decline

-45.73%

-62.57%

+16.84%

Max Drawdown (1Y)

Largest decline over 1 year

-8.64%

-10.08%

+1.44%

Max Drawdown (3Y)

Largest decline over 3 years

-26.72%

-26.21%

-0.51%

Max Drawdown (5Y)

Largest decline over 5 years

-26.72%

-26.21%

-0.51%

Max Drawdown (10Y)

Largest decline over 10 years

-45.73%

-49.02%

+3.29%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-7.79%

-11.54%

+3.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.52%

3.25%

-0.73%

Volatility

VTWV vs. XSVM - Volatility Comparison

Vanguard Russell 2000 Value ETF (VTWV) has a higher volatility of 5.32% compared to Invesco S&P SmallCap Value with Momentum ETF (XSVM) at 4.73%. This indicates that VTWV'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.

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Volatility by Period

VTWVXSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.32%

4.73%

+0.59%

Volatility (6M)

Calculated over the trailing 6-month period

12.61%

12.33%

+0.28%

Volatility (1Y)

Calculated over the trailing 1-year period

18.38%

18.45%

-0.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.71%

22.55%

-0.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.54%

25.07%

-1.53%

VTWV vs. XSVM - Expense Ratio Comparison

VTWV has a 0.10% expense ratio, which is lower than XSVM's 0.37% expense ratio.

Dividends

VTWV vs. XSVM - Dividend Comparison

VTWV's dividend yield for the trailing twelve months is around 1.63%, less than XSVM's 1.79% yield.

PositionTTM20252024202320222021202020192018201720162015
VTWV
Vanguard Russell 2000 Value ETF		1.63%1.79%1.78%2.02%2.07%1.60%1.49%1.82%2.04%1.63%1.57%2.03%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.79%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

VTWV and XSVM have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VTWV has higher volatility (5.32%) compared to XSVM (4.73%). In terms of maximum drawdown, VTWV dropped -45.73% vs XSVM's -62.57%.

On 10-year performance, XSVM leads with 13.47% vs 10.92% for VTWV. On fees, VTWV is cheaper at 0.10% per year. On volatility, XSVM has been the lower-risk option at 4.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, XSVM has performed better with a 13.47% return vs 10.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VTWV is cheaper with a 0.10% expense ratio, compared with 0.37% for XSVM.

XSVM has the higher dividend yield at 1.79%, compared with 1.63% for VTWV.

VTWV is categorized as Small Cap Value Equities, while XSVM is Momentum. VTWV tracks Russell 2000 Value Index, while XSVM tracks S&P SmallCap 600 High Momentum Value Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.10% for VTWV and 0.37% for XSVM.

VTWV currently has the higher Sharpe Ratio (2.30 vs 2.05), 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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