PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XMH.TO vs. XMMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMH.TO vs. XMMO

Last updated Jun 5, 2026

XMH.TO (iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged)) and XMMO (Invesco S&P MidCap Momentum ETF) are both exchange-traded funds - XMH.TO is a Small Cap Blend Equities fund tracking the S&P MidCap 400® CAD Hedged Index, while XMMO is a Momentum fund tracking the S&P MidCap 400 Momentum Index. Both are passively managed. Over the past 10 years, XMH.TO returned 9.19%/yr vs 20.66%/yr for XMMO. A 0.69 correlation means they provide meaningful diversification when combined. XMH.TO charges 0.16%/yr vs 0.35%/yr for XMMO.

Performance

XMH.TO vs. XMMO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged) (XMH.TO) and Invesco S&P MidCap Momentum ETF (XMMO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

XMH.TO is traded in CAD, while XMMO is traded in USD. To make them comparable, the XMMO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XMH.TO achieves a 13.31% return, which is significantly lower than XMMO's 25.95% return. Over the past 10 years, XMH.TO has underperformed XMMO with an annualized return of 9.19%, while XMMO has yielded a comparatively higher 20.66% annualized return.

XMH.TO

1D
0.40%
1M
2.82%
YTD
13.31%
6M
12.73%
1Y
23.11%
3Y*
14.43%
5Y*
6.17%
10Y*
9.19%

XMMO

1D
0.52%
1M
7.79%
YTD
25.95%
6M
23.99%
1Y
40.38%
3Y*
34.08%
5Y*
20.15%
10Y*
20.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XMH.TO vs. XMMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XMH.TO
iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged)		13.31%5.45%12.05%15.06%-14.93%21.83%10.06%24.77%-13.79%15.70%
XMMO
Invesco S&P MidCap Momentum ETF		25.95%7.86%49.89%17.74%-10.03%15.63%26.99%30.05%15.12%28.45%

Correlation

The correlation between XMH.TO and XMMO is 0.70, 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

0.70

Correlation (3Y)
Calculated over the trailing 3-year period

0.77

Correlation (5Y)
Calculated over the trailing 5-year period

0.78

Correlation (10Y)
Calculated over the trailing 10-year period

0.69

Correlation (All Time)
Calculated using the full available price history since Aug 12, 2015

0.69

The correlation between XMH.TO and XMMO has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.

XMH.TO vs. XMMO - Sectors Allocation Comparison

Sectors
XMH.TO
XMMO

Industrials

25.6%
41.1%

Technology

17.1%
16.7%

Financial Services

13.8%
2.4%

Consumer Cyclical

9.7%
4.6%

Healthcare

8.9%
6.3%

Real Estate

7.5%
6.1%

Energy

5.2%
7.7%

Basic Materials

5.0%
7.2%

Consumer Defensive

4.1%
0.5%

Utilities

3.0%
5.8%

Communication Services

1.0%
1.6%

Industrials

XMH.TO
25.6%
XMMO
41.1%

Technology

XMH.TO
17.1%
XMMO
16.7%

Financial Services

XMH.TO
13.8%
XMMO
2.4%

Consumer Cyclical

XMH.TO
9.7%
XMMO
4.6%

Healthcare

XMH.TO
8.9%
XMMO
6.3%

Real Estate

XMH.TO
7.5%
XMMO
6.1%

Energy

XMH.TO
5.2%
XMMO
7.7%

Basic Materials

XMH.TO
5.0%
XMMO
7.2%

Consumer Defensive

XMH.TO
4.1%
XMMO
0.5%

Utilities

XMH.TO
3.0%
XMMO
5.8%

Communication Services

XMH.TO
1.0%
XMMO
1.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged)

Invesco S&P MidCap Momentum ETF

Often compared with XMH.TO:
XMH.TO vs. XMHQXMH.TO vs. VOTXMH.TO vs. VFV.TOXMH.TO vs. XEF.TOXMH.TO vs. USMVXMH.TO vs. XMD.TOXMH.TO vs. XSU.TO
Often compared with XMMO:
XMMO vs. SPMOXMMO vs. XMHQXMMO vs. VOOXMMO vs. MTUMXMMO vs. QMOMXMMO vs. SPGPXMMO vs. RFV

Return for Risk

XMH.TO vs. XMMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMH.TO
XMH.TO Risk / Return Rank: 4646
Overall Rank
XMH.TO Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
XMH.TO Sortino Ratio Rank: 4444
Sortino Ratio Rank
XMH.TO Omega Ratio Rank: 4040
Omega Ratio Rank
XMH.TO Calmar Ratio Rank: 5252
Calmar Ratio Rank
XMH.TO Martin Ratio Rank: 5454
Martin Ratio Rank
XMMO
XMMO Risk / Return Rank: 7171
Overall Rank
XMMO Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
XMMO Sortino Ratio Rank: 6262
Sortino Ratio Rank
XMMO Omega Ratio Rank: 5959
Omega Ratio Rank
XMMO Calmar Ratio Rank: 8585
Calmar Ratio Rank
XMMO Martin Ratio Rank: 8787
Martin Ratio Rank
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.

XMH.TO vs. XMMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged) (XMH.TO) 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.

XMH.TOXMMODifference
Sharpe ratioReturn per unit of total volatility
1.46
2.18

-0.72

Sortino ratioReturn per unit of downside risk
2.18
3.01

-0.83

Omega ratioGain probability vs. loss probability

1.26

1.38

-0.12

Calmar ratioReturn relative to maximum drawdown

2.51

6.09

-3.57

Martin ratioReturn relative to average drawdown

9.15

20.15

-11.01

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMH.TO vs. XMMO - Sharpe Ratio Comparison

The current XMH.TO Sharpe Ratio is 1.46, which is lower than the XMMO Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of XMH.TO 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.

Loading charts...

Sharpe Ratios by Period

XMH.TOXMMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.46

2.18

-0.72

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.32

1.04

-0.73

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.44

1.01

-0.57

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.98

-0.56

Drawdowns

XMH.TO vs. XMMO - Drawdown Comparison

The maximum XMH.TO drawdown since its inception was -44.82%, which is greater than XMMO's maximum drawdown of -30.77%. Use the drawdown chart below to compare losses from any high point for XMH.TO and XMMO.

Loading charts...

Drawdown Indicators

XMH.TOXMMODifference

Max Drawdown

Largest peak-to-trough decline

-44.82%

-30.77%

-14.05%

Max Drawdown (1Y)

Largest decline over 1 year

-9.24%

-6.67%

-2.57%

Max Drawdown (3Y)

Largest decline over 3 years

-24.81%

-23.72%

-1.09%

Max Drawdown (5Y)

Largest decline over 5 years

-25.86%

-24.79%

-1.07%

Max Drawdown (10Y)

Largest decline over 10 years

-44.82%

-30.77%

-14.05%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-7.03%

-5.10%

-1.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.53%

2.01%

+0.52%

Volatility

XMH.TO vs. XMMO - Volatility Comparison

The current volatility for iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged) (XMH.TO) is 3.98%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 7.55%. This indicates that XMH.TO experiences smaller price fluctuations and is considered to be less risky than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XMH.TOXMMODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.98%

7.55%

-3.57%

Volatility (6M)

Calculated over the trailing 6-month period

11.57%

15.41%

-3.84%

Volatility (1Y)

Calculated over the trailing 1-year period

15.90%

18.60%

-2.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.65%

19.44%

+0.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.95%

20.58%

+0.37%

XMH.TO vs. XMMO - Expense Ratio Comparison

XMH.TO has a 0.16% expense ratio, which is lower than XMMO's 0.35% expense ratio.

Dividends

XMH.TO vs. XMMO - Dividend Comparison

XMH.TO's dividend yield for the trailing twelve months is around 0.97%, more than XMMO's 0.60% yield.

PositionTTM20252024202320222021202020192018201720162015
XMH.TO
iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged)		0.97%1.10%1.03%1.16%1.30%0.91%1.02%1.35%1.39%0.88%1.52%0.63%
XMMO
Invesco S&P MidCap Momentum ETF		0.60%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

XMH.TO and XMMO have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XMH.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XMH.TO is cheaper with a 0.16% expense ratio, compared with 0.35% for XMMO.

XMH.TO is categorized as Small Cap Blend Equities, while XMMO is Momentum. XMH.TO tracks S&P MidCap 400® CAD Hedged Index, while XMMO tracks S&P MidCap 400 Momentum Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.16% for XMH.TO and 0.35% for XMMO.

Portfolio Optimizer

Find the right allocation for XMH.TO and XMMO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer