XMLV vs. IWM
Compare and contrast key facts about Invesco S&P MidCap Low Volatility ETF (XMLV) and iShares Russell 2000 ETF (IWM).
XMLV and IWM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMLV is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Low Volatility Index. It was launched on Feb 15, 2013. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000. Both XMLV and IWM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XMLV or IWM.
Key characteristics
| XMLV | IWM | |
|---|---|---|
| YTD Return | 22.29% | 19.68% |
| 1Y Return | 33.61% | 44.16% |
| 3Y Return (Ann) | 6.62% | 0.95% |
| 5Y Return (Ann) | 6.14% | 9.84% |
| 10Y Return (Ann) | 9.25% | 8.79% |
| Sharpe Ratio | 2.64 | 1.94 |
| Sortino Ratio | 3.86 | 2.78 |
| Omega Ratio | 1.48 | 1.34 |
| Calmar Ratio | 2.50 | 1.44 |
| Martin Ratio | 19.01 | 11.17 |
| Ulcer Index | 1.71% | 3.75% |
| Daily Std Dev | 12.30% | 21.57% |
| Max Drawdown | -39.86% | -59.05% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between XMLV and IWM is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XMLV vs. IWM - Performance Comparison
In the year-to-date period, XMLV achieves a 22.29% return, which is significantly higher than IWM's 19.68% return. Both investments have delivered pretty close results over the past 10 years, with XMLV having a 9.25% annualized return and IWM not far behind at 8.79%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XMLV vs. IWM - Expense Ratio Comparison
XMLV has a 0.25% expense ratio, which is higher than IWM's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
XMLV vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Low Volatility ETF (XMLV) and iShares Russell 2000 ETF (IWM). 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.
Dividends
XMLV vs. IWM - Dividend Comparison
XMLV's dividend yield for the trailing twelve months is around 1.87%, more than IWM's 1.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMLV Invesco S&P MidCap Low Volatility ETF | 1.87% | 2.34% | 2.05% | 1.14% | 1.93% | 2.02% | 2.12% | 1.74% | 1.72% | 1.85% | 2.00% | 1.62% |
IWM iShares Russell 2000 ETF | 1.08% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
XMLV vs. IWM - Drawdown Comparison
The maximum XMLV drawdown since its inception was -39.86%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for XMLV and IWM. For additional features, visit the drawdowns tool.
Volatility
XMLV vs. IWM - Volatility Comparison
The current volatility for Invesco S&P MidCap Low Volatility ETF (XMLV) is 4.24%, while iShares Russell 2000 ETF (IWM) has a volatility of 7.16%. This indicates that XMLV experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.