WMT vs. XMMO

Last updated Jun 13, 2026

WMT (Walmart Inc.) is a stock, while XMMO (Invesco S&P MidCap Momentum ETF) is Momentum fund tracking the S&P MidCap 400 Momentum Index. Over the past 10 years, WMT returned 19.77%/yr vs 19.95%/yr for XMMO. At a 0.34 correlation, their price movements are largely independent.

Performance

WMT vs. XMMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Walmart Inc. (WMT) and Invesco S&P MidCap Momentum ETF (XMMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WMT achieves a 9.07% return, which is significantly lower than XMMO's 22.77% return. Both investments have delivered pretty close results over the past 10 years, with WMT having a 19.77% annualized return and XMMO not far ahead at 19.95%.

WMT

• 1D: 0.45%
• 1M: -7.92%
• YTD: 9.07%
• 6M: 4.13%
• 1Y: 29.24%
• 3Y*: 34.18%
• 5Y*: 22.42%
• 10Y*: 19.77%

XMMO

• 1D: 0.96%
• 1M: 0.41%
• YTD: 22.77%
• 6M: 22.33%
• 1Y: 37.93%
• 3Y*: 30.62%
• 5Y*: 15.91%
• 10Y*: 19.95%

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

WMT vs. XMMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WMT Walmart Inc.	9.07%	24.49%	73.99%	12.88%	-0.46%	1.97%	23.32%	30.16%	-3.43%	46.56%
XMMO Invesco S&P MidCap Momentum ETF	22.77%	13.04%	38.03%	20.39%	-16.02%	16.69%	29.17%	36.78%	6.12%	37.18%

Correlation

The correlation between WMT and XMMO is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Mar 3, 2005	0.34

The correlation between WMT and XMMO shifts across timeframes, from -0.01 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WMT vs. XMMO — Risk / Return Rank

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

WMT

WMT Risk / Return Rank: 76
WMT Sharpe Ratio Rank: 78
WMT Sortino Ratio Rank: 73
WMT Omega Ratio Rank: 74
WMT Calmar Ratio Rank: 75
WMT Martin Ratio Rank: 80

XMMO

XMMO Risk / Return Rank: 74
XMMO Sharpe Ratio Rank: 65
XMMO Sortino Ratio Rank: 65
XMMO Omega Ratio Rank: 63
XMMO Calmar Ratio Rank: 88
XMMO Martin Ratio Rank: 89

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.

WMT vs. XMMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Walmart Inc. (WMT) 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.

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.

	WMT	XMMO	Difference
Sharpe ratio: Return per unit of total volatility	1.22	1.86	-0.64
Sortino ratio: Return per unit of downside risk	1.79	2.58	-0.79
Omega ratio: Gain probability vs. loss probability	1.23	1.33	-0.10
Calmar ratio: Return relative to maximum drawdown	1.83	4.41	-2.58
Martin ratio: Return relative to average drawdown	5.82	17.54	-11.72

WMT vs. XMMO - Sharpe Ratio Comparison

The current WMT Sharpe Ratio is 1.22, which is lower than the XMMO Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of WMT and XMMO, 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

WMT vs. XMMO - Drawdown Comparison

The maximum WMT drawdown since its inception was -77.14%, which is greater than XMMO's maximum drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for WMT and XMMO.

Drawdown Indicators

	WMT	XMMO	Difference
Max Drawdown Largest peak-to-trough decline	-77.14%	-55.37%	-21.77%
Max Drawdown (1Y) Largest decline over 1 year	-15.75%	-8.34%	-7.41%
Max Drawdown (3Y) Largest decline over 3 years	-21.93%	-24.93%	+3.00%
Max Drawdown (5Y) Largest decline over 5 years	-25.74%	-27.91%	+2.17%
Max Drawdown (10Y) Largest decline over 10 years	-25.74%	-36.74%	+11.00%
Current Drawdown Current decline from peak	-9.81%	-1.19%	-8.62%
Average Drawdown Average peak-to-trough decline	-14.63%	-9.44%	-5.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.94%	2.09%	+2.85%

Volatility

WMT vs. XMMO - Volatility Comparison

Walmart Inc. (WMT) has a higher volatility of 9.86% compared to Invesco S&P MidCap Momentum ETF (XMMO) at 9.07%. This indicates that WMT's price experiences larger fluctuations and is considered to be riskier than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WMT	XMMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.86%	9.07%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	18.49%	16.76%	+1.73%
Volatility (1Y) Calculated over the trailing 1-year period	23.67%	19.74%	+3.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.68%	21.62%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.73%	22.35%	-0.62%

Dividends

WMT vs. XMMO - Dividend Comparison

WMT's dividend yield for the trailing twelve months is around 0.80%, more than XMMO's 0.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WMT Walmart Inc.	0.80%	0.84%	0.92%	1.45%	1.58%	1.52%	1.50%	1.78%	2.23%	2.07%	2.89%	3.20%
XMMO Invesco S&P MidCap Momentum ETF	0.61%	0.78%	0.34%	0.80%	1.43%	0.41%	0.61%	0.60%	0.19%	0.21%	0.22%	0.64%

Frequently Asked Questions

Can I hold both WMT and XMMO in my portfolio?

WMT and XMMO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WMT or XMMO?

WMT has higher volatility (9.86%) compared to XMMO (9.07%). In terms of maximum drawdown, WMT dropped -77.14% vs XMMO's -55.37%.

Which has better risk-adjusted returns?

XMMO currently has the higher Sharpe Ratio (1.86 vs 1.22), 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.