WLDS vs. XSMO

Last updated Jun 5, 2026

WLDS (Wearable Devices Ltd.) is a stock, while XSMO (Invesco S&P SmallCap Momentum ETF) is Momentum fund tracking the S&P SmallCap 600 Momentum Index. Over the past 3 years, WLDS returned -87.91%/yr vs 25.70%/yr for XSMO. At a 0.11 correlation, their price movements are largely independent.

Performance

WLDS vs. XSMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wearable Devices Ltd. (WLDS) and Invesco S&P SmallCap Momentum ETF (XSMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WLDS achieves a -73.48% return, which is significantly lower than XSMO's 23.45% return.

WLDS

• 1D: 6.06%
• 1M: -11.95%
• YTD: -73.48%
• 6M: -84.65%
• 1Y: -82.01%
• 3Y*: -87.91%
• 5Y*: —
• 10Y*: —

XSMO

• 1D: 1.22%
• 1M: 0.48%
• YTD: 23.45%
• 6M: 21.12%
• 1Y: 35.59%
• 3Y*: 25.70%
• 5Y*: 11.48%
• 10Y*: 14.63%

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

WLDS vs. XSMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WLDS Wearable Devices Ltd.	-73.48%	-86.93%	-68.31%	-21.18%	-84.69%
XSMO Invesco S&P SmallCap Momentum ETF	23.45%	9.80%	17.45%	21.55%	1.55%

Correlation

The correlation between WLDS and XSMO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022	0.11

Return for Risk

WLDS vs. XSMO — Risk / Return Rank

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

WLDS

WLDS Risk / Return Rank: 39
WLDS Sharpe Ratio Rank: 34
WLDS Sortino Ratio Rank: 71
WLDS Omega Ratio Rank: 63
WLDS Calmar Ratio Rank: 9
WLDS Martin Ratio Rank: 18

XSMO

XSMO Risk / Return Rank: 65
XSMO Sharpe Ratio Rank: 57
XSMO Sortino Ratio Rank: 59
XSMO Omega Ratio Rank: 54
XSMO Calmar Ratio Rank: 79
XSMO Martin Ratio Rank: 74

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.

WLDS vs. XSMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wearable Devices Ltd. (WLDS) and Invesco S&P SmallCap Momentum ETF (XSMO). 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.

	WLDS	XSMO	Difference
Sharpe ratio: Return per unit of total volatility	-0.19	1.91	-2.10
Sortino ratio: Return per unit of downside risk	1.78	2.73	-0.95
Omega ratio: Gain probability vs. loss probability	1.19	1.32	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.84	4.02	-4.87
Martin ratio: Return relative to average drawdown	-1.13	13.74	-14.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WLDS vs. XSMO - Sharpe Ratio Comparison

The current WLDS Sharpe Ratio is -0.19, which is lower than the XSMO Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of WLDS and XSMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WLDS	XSMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	1.91	-2.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	0.39	-0.69

Drawdowns

WLDS vs. XSMO - Drawdown Comparison

The maximum WLDS drawdown since its inception was -99.89%, which is greater than XSMO's maximum drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for WLDS and XSMO.

Drawdown Indicators

	WLDS	XSMO	Difference
Max Drawdown Largest peak-to-trough decline	-99.89%	-58.06%	-41.83%
Max Drawdown (1Y) Largest decline over 1 year	-97.29%	-8.89%	-88.40%
Max Drawdown (3Y) Largest decline over 3 years	-99.86%	-24.76%	-75.10%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.62%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.39%	—
Current Drawdown Current decline from peak	-99.87%	-0.52%	-99.35%
Average Drawdown Average peak-to-trough decline	-86.46%	-11.13%	-75.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	72.86%	2.60%	+70.26%

Volatility

WLDS vs. XSMO - Volatility Comparison

Wearable Devices Ltd. (WLDS) has a higher volatility of 22.67% compared to Invesco S&P SmallCap Momentum ETF (XSMO) at 6.12%. This indicates that WLDS's price experiences larger fluctuations and is considered to be riskier than XSMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WLDS	XSMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.67%	6.12%	+16.55%
Volatility (6M) Calculated over the trailing 6-month period	61.11%	14.15%	+46.96%
Volatility (1Y) Calculated over the trailing 1-year period	426.64%	18.76%	+407.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	275.62%	22.68%	+252.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	275.62%	24.12%	+251.50%

Dividends

WLDS vs. XSMO - Dividend Comparison

WLDS has not paid dividends to shareholders, while XSMO's dividend yield for the trailing twelve months is around 0.52%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WLDS Wearable Devices Ltd.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XSMO Invesco S&P SmallCap Momentum ETF	0.52%	0.75%	0.63%	0.96%	1.19%	0.30%	0.82%	0.69%	0.66%	0.27%	0.30%	0.35%

Frequently Asked Questions

Can I hold both WLDS and XSMO in my portfolio?

WLDS and XSMO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WLDS or XSMO?

WLDS has higher volatility (22.67%) compared to XSMO (6.12%). In terms of maximum drawdown, WLDS dropped -99.89% vs XSMO's -58.06%.

Which has better risk-adjusted returns?

XSMO currently has the higher Sharpe Ratio (1.91 vs -0.19), 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.