XMMO vs. BTC-USD
XMMO (Invesco S&P MidCap Momentum ETF) is Momentum fund tracking the S&P MidCap 400 Momentum Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, XMMO returned 18.35%/yr vs 58.50%/yr for BTC-USD. At a 0.12 correlation, their price movements are largely independent.
Performance
XMMO vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, XMMO achieves a 13.17% return, which is significantly higher than BTC-USD's -25.13% return. Over the past 10 years, XMMO has underperformed BTC-USD with an annualized return of 18.35%, while BTC-USD has yielded a comparatively higher 58.50% annualized return.
XMMO
- 1D
- -0.57%
- 1M
- -8.97%
- 6M
- 9.46%
- YTD
- 13.17%
- 1Y
- 19.87%
- 3Y*
- 24.48%
- 5Y*
- 13.97%
- 10Y*
- 18.35%
- ALL TIME*
- 12.19%
BTC-USD
- 1D
- 1.28%
- 1M
- 2.00%
- 6M
- -29.23%
- YTD
- -25.13%
- 1Y
- -44.16%
- 3Y*
- 29.87%
- 5Y*
- 15.31%
- 10Y*
- 58.50%
- ALL TIME*
- 89.00%
XMMO vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMMO Invesco S&P MidCap Momentum ETF | 13.17% | 13.04% | 38.03% | 20.39% | -16.02% | 16.69% | 29.17% | 36.78% | 6.12% | 37.18% |
BTC-USD Bitcoin | -25.13% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between XMMO and BTC-USD is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2012 | 0.12 |
Over the past year, XMMO and BTC-USD have become more correlated (0.33) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
XMMO vs. BTC-USD — Risk / Return Rank
XMMO
BTC-USD
XMMO vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Momentum ETF (XMMO) and Bitcoin (BTC-USD). 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.
| XMMO | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.96 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.85 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | -0.83 | +2.80 |
| Martin ratioReturn relative to average drawdown | 7.23 | -1.32 | +8.55 |
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Drawdowns
XMMO vs. BTC-USD - Drawdown Comparison
The maximum XMMO drawdown since its inception was -55.37%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for XMMO and BTC-USD.
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Drawdown Indicators
| XMMO | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.37% | -85.30% | +29.93% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -53.08% | +42.94% |
Max Drawdown (3Y)Largest decline over 3 years | -24.93% | -53.08% | +28.15% |
Max Drawdown (5Y)Largest decline over 5 years | -27.91% | -76.67% | +48.76% |
Max Drawdown (10Y)Largest decline over 10 years | -36.74% | -83.80% | +47.06% |
Current DrawdownCurrent decline from peak | -10.14% | -47.48% | +37.34% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -42.61% | +33.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 27.88% | -25.12% |
Volatility
XMMO vs. BTC-USD - Volatility Comparison
The current volatility for Invesco S&P MidCap Momentum ETF (XMMO) is 6.86%, while Bitcoin (BTC-USD) has a volatility of 9.37%. This indicates that XMMO experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMMO | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 9.37% | -2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 17.53% | 34.93% | -17.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 35.76% | -15.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.73% | 43.93% | -22.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.35% | 56.33% | -33.98% |
Frequently Asked Questions
XMMO and BTC-USD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (9.37%) compared to XMMO (6.86%). In terms of maximum drawdown, XMMO dropped -55.37% vs BTC-USD's -85.30%.
XMMO currently has the higher Sharpe Ratio (0.97 vs -1.03), 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.
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