WCEO vs. XMLV

Last updated Aug 2, 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, while XMLV is a Low Volatility 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 12.79%/yr vs 11.57%/yr for XMLV. Their 0.78 correlation means they have sometimes moved together and sometimes differently. 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 16.37% return, which is significantly higher than XMLV's 11.48% return.

WCEO

• 1D: -0.59%
• 1M: -0.42%
• 6M: 12.51%
• YTD: 16.37%
• 1Y: 28.54%
• 3Y*: 12.79%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.67%

XMLV

• 1D: -0.40%
• 1M: 1.77%
• 6M: 8.77%
• YTD: 11.48%
• 1Y: 15.65%
• 3Y*: 11.57%
• 5Y*: 7.14%
• 10Y*: 8.01%
• ALL TIME*: 9.98%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
WCEO Hypatia Women CEO ETF	$45.46K	$44.28K	$46.96K
XMLV Invesco S&P MidCap Low Volatility ETF	$1.62M	$1.47M	$1.28M

WCEO vs. XMLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WCEO Hypatia Women CEO ETF	16.37%	9.77%	8.28%	10.51%
XMLV Invesco S&P MidCap Low Volatility ETF	11.48%	5.55%	17.08%	-0.38%

Correlation

The correlation between WCEO and XMLV is 0.57, 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.	0.57
Correlation (3Y) Balances recent behavior with more history.	0.75
Correlation (All Time) Calculated using the full available price history since Jan 9, 2023	0.78

Over the past year, the correlation between WCEO and XMLV has dropped to 0.57 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

WCEO vs. XMLV - Sectors Allocation Comparison

Sectors	WCEO	XMLV
Financial Services	18.4%	26.0%
Technology	16.2%	1.0%
Industrials	15.1%	10.0%
Consumer Cyclical	13.4%	4.4%
Healthcare	12.0%	2.0%
Real Estate	6.5%	32.8%
Energy	4.5%	3.7%
Basic Materials	4.2%	1.0%
Consumer Defensive	4.1%	2.2%
Communication Services	3.3%	1.0%
Utilities	1.9%	17.8%

Return for Risk

WCEO vs. XMLV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WCEO

WCEO Risk / Return Rank: 83
WCEO Sharpe Ratio Rank: 80
WCEO Sortino Ratio Rank: 84
WCEO Omega Ratio Rank: 77
WCEO Calmar Ratio Rank: 90
WCEO Martin Ratio Rank: 87

XMLV

XMLV Risk / Return Rank: 61
XMLV Sharpe Ratio Rank: 61
XMLV Sortino Ratio Rank: 64
XMLV Omega Ratio Rank: 55
XMLV Calmar Ratio Rank: 62
XMLV Martin Ratio Rank: 61

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.

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	1.83	1.43	+0.41
Sortino ratio: Return per unit of downside risk	2.76	2.13	+0.64
Omega ratio: Gain probability vs. loss probability	1.32	1.24	+0.08
Calmar ratio: Return relative to maximum drawdown	3.89	2.19	+1.69
Martin ratio: Return relative to average drawdown	12.51	7.26	+5.25

WCEO vs. XMLV - Sharpe Ratio Comparison

The current WCEO Sharpe Ratio is 1.83, which is comparable to the XMLV Sharpe Ratio of 1.43. 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	-1.38%	-2.14%	+0.76%
Average Drawdown Average peak-to-trough decline	-5.29%	-4.22%	-1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	2.12%	+0.04%

Volatility

WCEO vs. XMLV - Volatility Comparison

The current volatility for Hypatia Women CEO ETF (WCEO) is 3.23%, while Invesco S&P MidCap Low Volatility ETF (XMLV) has a volatility of 3.85%. This indicates that WCEO experiences smaller price fluctuations and is considered to be less risky than XMLV based on this measure. 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	3.23%	3.85%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	10.16%	8.30%	+1.86%
Volatility (1Y) Calculated over the trailing 1-year period	14.81%	10.82%	+3.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.90%	14.50%	+3.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.90%	16.97%	+0.93%

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 0.55%, less than XMLV's 2.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WCEO Hypatia Women CEO ETF	0.55%	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	2.85%	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 0.57, 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 (3.85%) compared to WCEO (3.23%). 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 12.79% vs 11.57% for XMLV. On fees, XMLV is cheaper at 0.25% per year. On volatility, WCEO has been the lower-risk option at 3.23%. 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 12.79% return vs 11.57%. 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 2.85%, compared with 0.55% for WCEO.

What is the main difference between WCEO and XMLV?

WCEO is categorized as Small Cap Blend Equities, while XMLV is Low Volatility. They also come from different issuers: Hypatia 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 (1.83 vs 1.43), 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.