XLG vs. SPVM
Compare and contrast key facts about Invesco S&P 500 Top 50 ETF (XLG) and Invesco S&P 500 Value with Momentum ETF (SPVM).
XLG and SPVM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLG is a passively managed fund by Invesco that tracks the performance of the S&P 500 Top 50 Index. It was launched on May 4, 2005. SPVM is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Momentum Value Index. It was launched on Jun 16, 2011. Both XLG and SPVM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
XLG vs. SPVM - Performance Comparison
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XLG vs. SPVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLG Invesco S&P 500 Top 50 ETF | -7.82% | 19.51% | 33.49% | 38.16% | -24.29% | 30.77% | 24.15% | 32.04% | -3.59% | 23.04% |
SPVM Invesco S&P 500 Value with Momentum ETF | 2.19% | 20.47% | 15.64% | 5.53% | -2.10% | 28.86% | -3.18% | 29.33% | -9.17% | 14.70% |
Returns By Period
In the year-to-date period, XLG achieves a -7.82% return, which is significantly lower than SPVM's 2.19% return. Over the past 10 years, XLG has outperformed SPVM with an annualized return of 15.64%, while SPVM has yielded a comparatively lower 11.59% annualized return.
XLG
- 1D
- 3.26%
- 1M
- -4.33%
- YTD
- -7.82%
- 6M
- -4.84%
- 1Y
- 19.36%
- 3Y*
- 21.64%
- 5Y*
- 13.80%
- 10Y*
- 15.64%
SPVM
- 1D
- 1.49%
- 1M
- -3.93%
- YTD
- 2.19%
- 6M
- 5.84%
- 1Y
- 22.71%
- 3Y*
- 15.71%
- 5Y*
- 10.53%
- 10Y*
- 11.59%
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XLG vs. SPVM - Expense Ratio Comparison
XLG has a 0.20% expense ratio, which is lower than SPVM's 0.39% expense ratio.
Return for Risk
XLG vs. SPVM — Risk / Return Rank
XLG
SPVM
XLG vs. SPVM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Top 50 ETF (XLG) and Invesco S&P 500 Value with Momentum ETF (SPVM). 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.
| XLG | SPVM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.37 | -0.40 |
Sortino ratioReturn per unit of downside risk | 1.52 | 1.94 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.28 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.95 | -0.35 |
Martin ratioReturn relative to average drawdown | 5.67 | 9.14 | -3.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XLG | SPVM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.37 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.63 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.59 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.61 | -0.02 |
Correlation
The correlation between XLG and SPVM is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
XLG vs. SPVM - Dividend Comparison
XLG's dividend yield for the trailing twelve months is around 0.70%, less than SPVM's 2.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLG Invesco S&P 500 Top 50 ETF | 0.70% | 0.64% | 0.72% | 0.97% | 1.34% | 0.94% | 1.25% | 1.58% | 2.00% | 1.85% | 2.00% | 2.09% |
SPVM Invesco S&P 500 Value with Momentum ETF | 2.03% | 2.02% | 1.91% | 2.45% | 2.33% | 1.41% | 2.11% | 2.40% | 3.10% | 1.68% | 2.80% | 2.67% |
Drawdowns
XLG vs. SPVM - Drawdown Comparison
The maximum XLG drawdown since its inception was -52.39%, which is greater than SPVM's maximum drawdown of -45.35%. Use the drawdown chart below to compare losses from any high point for XLG and SPVM.
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Drawdown Indicators
| XLG | SPVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.39% | -45.35% | -7.04% |
Max Drawdown (1Y)Largest decline over 1 year | -12.41% | -12.37% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -28.02% | -19.48% | -8.54% |
Max Drawdown (10Y)Largest decline over 10 years | -30.46% | -45.35% | +14.89% |
Current DrawdownCurrent decline from peak | -9.56% | -4.34% | -5.22% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -5.03% | -2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 2.64% | +0.85% |
Volatility
XLG vs. SPVM - Volatility Comparison
Invesco S&P 500 Top 50 ETF (XLG) has a higher volatility of 5.76% compared to Invesco S&P 500 Value with Momentum ETF (SPVM) at 3.55%. This indicates that XLG's price experiences larger fluctuations and is considered to be riskier than SPVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLG | SPVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 3.55% | +2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 8.53% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.97% | 16.68% | +3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.69% | 16.85% | +1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 19.59% | -0.78% |