WCEO vs. XMLV

Last updated Jun 23, 2026

WCEO (Hypatia Women CEO ETF) and XMLV (Invesco S&P MidCap Low Volatility ETF) are both exchange-traded funds - WCEO is a Small Cap Blend Equities fund actively managed by Hypatia Capital, while XMLV is a Volatility Hedged Equity fund tracking the S&P MidCap 400 Low Volatility Index. WCEO is actively managed, while XMLV is passively managed. Over the past 3 years, WCEO returned 15.15%/yr vs 11.68%/yr for XMLV. A 0.78 correlation means they provide meaningful diversification when combined. WCEO charges 0.85%/yr vs 0.25%/yr for XMLV.

Performance

WCEO vs. XMLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hypatia Women CEO ETF (WCEO) and Invesco S&P MidCap Low Volatility ETF (XMLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCEO achieves a 12.92% return, which is significantly higher than XMLV's 5.32% return.

WCEO

• 1D: -0.05%
• 1M: 3.19%
• YTD: 12.92%
• 6M: 11.06%
• 1Y: 30.87%
• 3Y*: 15.15%
• 5Y*: —
• 10Y*: —

XMLV

• 1D: 0.52%
• 1M: -0.45%
• YTD: 5.32%
• 6M: 4.43%
• 1Y: 9.12%
• 3Y*: 11.68%
• 5Y*: 6.57%
• 10Y*: 7.93%

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

WCEO vs. XMLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WCEO Hypatia Women CEO ETF	12.92%	9.77%	8.28%	10.51%
XMLV Invesco S&P MidCap Low Volatility ETF	5.32%	5.55%	17.08%	-0.38%

Correlation

The correlation between WCEO and XMLV is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jan 9, 2023	0.78

The correlation between WCEO and XMLV shifts across timeframes, from 0.59 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

WCEO vs. XMLV - Sectors Allocation Comparison

Sectors	WCEO	XMLV
Technology	18.3%	1.0%
Financial Services	16.1%	24.2%
Consumer Cyclical	14.5%	4.4%
Industrials	13.0%	9.8%
Healthcare	10.6%	2.1%
Energy	6.8%	3.7%
Real Estate	6.0%	33.7%
Basic Materials	5.2%	1.1%
Communication Services	4.5%	1.0%
Consumer Defensive	3.0%	2.5%
Utilities	2.0%	18.5%

Return for Risk

WCEO vs. XMLV — Risk / Return Rank

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

WCEO

WCEO Risk / Return Rank: 70
WCEO Sharpe Ratio Rank: 64
WCEO Sortino Ratio Rank: 68
WCEO Omega Ratio Rank: 58
WCEO Calmar Ratio Rank: 85
WCEO Martin Ratio Rank: 75

XMLV

XMLV Risk / Return Rank: 26
XMLV Sharpe Ratio Rank: 25
XMLV Sortino Ratio Rank: 24
XMLV Omega Ratio Rank: 22
XMLV Calmar Ratio Rank: 27
XMLV Martin Ratio Rank: 31

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.

WCEO vs. XMLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hypatia Women CEO ETF (WCEO) and Invesco S&P MidCap Low Volatility ETF (XMLV). 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.

	WCEO	XMLV	Difference
Sharpe ratio: Return per unit of total volatility	2.04	0.86	+1.18
Sortino ratio: Return per unit of downside risk	3.00	1.28	+1.71
Omega ratio: Gain probability vs. loss probability	1.35	1.15	+0.20
Calmar ratio: Return relative to maximum drawdown	4.46	1.30	+3.16
Martin ratio: Return relative to average drawdown	13.87	4.24	+9.63

WCEO vs. XMLV - Sharpe Ratio Comparison

The current WCEO Sharpe Ratio is 2.04, which is higher than the XMLV Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of WCEO and XMLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WCEO vs. XMLV - Drawdown Comparison

The maximum WCEO drawdown since its inception was -25.88%, smaller than the maximum XMLV drawdown of -39.86%. Use the drawdown chart below to compare losses from any high point for WCEO and XMLV.

Drawdown Indicators

	WCEO	XMLV	Difference
Max Drawdown Largest peak-to-trough decline	-25.88%	-39.86%	+13.98%
Max Drawdown (1Y) Largest decline over 1 year	-6.96%	-7.03%	+0.07%
Max Drawdown (3Y) Largest decline over 3 years	-25.88%	-13.80%	-12.08%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.86%	—
Current Drawdown Current decline from peak	-0.56%	-2.31%	+1.75%
Average Drawdown Average peak-to-trough decline	-5.45%	-4.25%	-1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	2.16%	+0.07%

Volatility

WCEO vs. XMLV - Volatility Comparison

Hypatia Women CEO ETF (WCEO) and Invesco S&P MidCap Low Volatility ETF (XMLV) have volatilities of 3.75% and 3.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCEO	XMLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.75%	3.92%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	10.43%	7.78%	+2.65%
Volatility (1Y) Calculated over the trailing 1-year period	15.25%	10.66%	+4.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.08%	14.47%	+3.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	16.97%	+1.11%

WCEO vs. XMLV - Expense Ratio Comparison

WCEO has a 0.85% expense ratio, which is higher than XMLV's 0.25% expense ratio.

Dividends

WCEO vs. XMLV - Dividend Comparison

WCEO's dividend yield for the trailing twelve months is around 0.57%, less than XMLV's 3.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WCEO Hypatia Women CEO ETF	0.57%	0.64%	0.88%	0.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XMLV Invesco S&P MidCap Low Volatility ETF	3.64%	2.87%	2.23%	2.34%	2.05%	1.14%	1.93%	2.02%	2.13%	1.74%	1.72%	1.85%

Frequently Asked Questions

Can I hold both WCEO and XMLV in my portfolio?

WCEO and XMLV have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WCEO or XMLV?

XMLV has higher volatility (3.92%) compared to WCEO (3.75%). In terms of maximum drawdown, WCEO dropped -25.88% vs XMLV's -39.86%.

Which ETF is better, WCEO or XMLV?

On 3-year performance, WCEO leads with 15.15% vs 11.68% for XMLV. On fees, XMLV is cheaper at 0.25% per year. On volatility, WCEO has been the lower-risk option at 3.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WCEO or XMLV?

Over the 3-year period, WCEO has performed better with a 15.15% return vs 11.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WCEO or XMLV?

XMLV is cheaper with a 0.25% expense ratio, compared with 0.85% for WCEO.

Which ETF pays a higher dividend yield, WCEO or XMLV?

XMLV has the higher dividend yield at 3.64%, compared with 0.57% for WCEO.

What is the main difference between WCEO and XMLV?

WCEO is categorized as Small Cap Blend Equities, while XMLV is Volatility Hedged Equity. They also come from different issuers: Hypatia Capital and Invesco. Their fees differ too: 0.85% for WCEO and 0.25% for XMLV.

Which has better risk-adjusted returns?

WCEO currently has the higher Sharpe Ratio (2.04 vs 0.86), 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.