XMMO vs. BTGD

Last updated Jul 22, 2026

XMMO (Invesco S&P MidCap Momentum ETF) and BTGD (STKD Bitcoin & Gold ETF) are both exchange-traded funds - XMMO is a Momentum fund tracking the S&P MidCap 400 Momentum Index, while BTGD is a Cryptocurrency fund actively managed by Quantify Funds. XMMO is passively managed, while BTGD is actively managed. Over the past year, XMMO returned 24.58% vs -42.90% for BTGD. At a 0.40 correlation, their price movements are largely independent. XMMO charges 0.35%/yr vs 1.00%/yr for BTGD.

Performance

XMMO vs. BTGD - Performance Comparison

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

Returns By Period

In the year-to-date period, XMMO achieves a 16.39% return, which is significantly higher than BTGD's -35.83% return.

XMMO

• 1D: 2.84%
• 1M: -6.38%
• 6M: 14.04%
• YTD: 16.39%
• 1Y: 24.58%
• 3Y*: 25.65%
• 5Y*: 14.64%
• 10Y*: 18.68%
• ALL TIME*: 12.34%

BTGD

• 1D: 4.01%
• 1M: 0.82%
• 6M: -42.84%
• YTD: -35.83%
• 1Y: -42.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.49%

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

XMMO vs. BTGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XMMO Invesco S&P MidCap Momentum ETF	16.39%	13.04%	-0.11%
BTGD STKD Bitcoin & Gold ETF	-35.83%	34.62%	29.32%

Correlation

The correlation between XMMO and BTGD is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Oct 16, 2024	0.40

Return for Risk

XMMO vs. BTGD — Risk / Return Rank

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

XMMO

XMMO Risk / Return Rank: 54
XMMO Sharpe Ratio Rank: 45
XMMO Sortino Ratio Rank: 45
XMMO Omega Ratio Rank: 44
XMMO Calmar Ratio Rank: 66
XMMO Martin Ratio Rank: 67

BTGD

BTGD Risk / Return Rank: 3
BTGD Sharpe Ratio Rank: 3
BTGD Sortino Ratio Rank: 4
BTGD Omega Ratio Rank: 4
BTGD Calmar Ratio Rank: 3
BTGD Martin Ratio Rank: 1

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.

XMMO vs. BTGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Momentum ETF (XMMO) and STKD Bitcoin & Gold ETF (BTGD). 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	BTGD	Difference
Sharpe ratio: Return per unit of total volatility	1.19	-0.74	+1.93
Sortino ratio: Return per unit of downside risk	1.73	-0.91	+2.64
Omega ratio: Gain probability vs. loss probability	1.22	0.90	+0.32
Calmar ratio: Return relative to maximum drawdown	2.43	-0.73	+3.17
Martin ratio: Return relative to average drawdown	8.81	-1.39	+10.20

XMMO vs. BTGD - Sharpe Ratio Comparison

The current XMMO Sharpe Ratio is 1.19, which is higher than the BTGD Sharpe Ratio of -0.74. The chart below compares the historical Sharpe Ratios of XMMO and BTGD, 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

XMMO vs. BTGD - Drawdown Comparison

The maximum XMMO drawdown since its inception was -55.37%, smaller than the maximum BTGD drawdown of -58.79%. Use the drawdown chart below to compare losses from any high point for XMMO and BTGD.

Drawdown Indicators

	XMMO	BTGD	Difference
Max Drawdown Largest peak-to-trough decline	-55.37%	-58.79%	+3.42%
Max Drawdown (1Y) Largest decline over 1 year	-10.14%	-58.79%	+48.65%
Max Drawdown (3Y) Largest decline over 3 years	-24.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.91%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.74%	—	—
Current Drawdown Current decline from peak	-7.59%	-52.99%	+45.40%
Average Drawdown Average peak-to-trough decline	-9.42%	-17.44%	+8.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	30.90%	-28.10%

Volatility

XMMO vs. BTGD - Volatility Comparison

The current volatility for Invesco S&P MidCap Momentum ETF (XMMO) is 7.40%, while STKD Bitcoin & Gold ETF (BTGD) has a volatility of 15.69%. This indicates that XMMO experiences smaller price fluctuations and is considered to be less risky than BTGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMMO	BTGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.40%	15.69%	-8.29%
Volatility (6M) Calculated over the trailing 6-month period	17.72%	47.88%	-30.16%
Volatility (1Y) Calculated over the trailing 1-year period	20.84%	57.94%	-37.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.75%	55.96%	-34.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.37%	55.96%	-33.59%

XMMO vs. BTGD - Expense Ratio Comparison

XMMO has a 0.35% expense ratio, which is lower than BTGD's 1.00% expense ratio.

Dividends

XMMO vs. BTGD - Dividend Comparison

XMMO's dividend yield for the trailing twelve months is around 0.60%, less than BTGD's 5.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTGD STKD Bitcoin & Gold ETF	5.24%	3.36%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both XMMO and BTGD in my portfolio?

XMMO and BTGD have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XMMO or BTGD?

BTGD has higher volatility (15.69%) compared to XMMO (7.40%). In terms of maximum drawdown, XMMO dropped -55.37% vs BTGD's -58.79%.

Which ETF is better, XMMO or BTGD?

On 1-year performance, XMMO leads with 24.58% vs -42.90% for BTGD. On fees, XMMO is cheaper at 0.35% per year. On volatility, XMMO has been the lower-risk option at 7.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XMMO or BTGD?

Over the 1-year period, XMMO has performed better with a 24.58% return vs -42.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XMMO or BTGD?

XMMO is cheaper with a 0.35% expense ratio, compared with 1.00% for BTGD.

Which ETF pays a higher dividend yield, XMMO or BTGD?

BTGD has the higher dividend yield at 5.24%, compared with 0.60% for XMMO.

What is the main difference between XMMO and BTGD?

XMMO is categorized as Momentum, while BTGD is Cryptocurrency. They also come from different issuers: Invesco and Quantify Funds. Their fees differ too: 0.35% for XMMO and 1.00% for BTGD.

Which has better risk-adjusted returns?

XMMO currently has the higher Sharpe Ratio (1.19 vs -0.74), 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.