XMMO vs. IBIT
XMMO (Invesco S&P MidCap Momentum ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - XMMO is a Momentum fund tracking the S&P MidCap 400 Momentum Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, XMMO returned 31.14% vs -39.44% for IBIT. At a 0.39 correlation, their price movements are largely independent. XMMO charges 0.35%/yr vs 0.25%/yr for IBIT.
Performance
XMMO vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XMMO achieves a 19.66% return, which is significantly higher than IBIT's -27.71% return.
XMMO
- 1D
- 0.46%
- 1M
- -0.10%
- YTD
- 19.66%
- 6M
- 19.51%
- 1Y
- 31.14%
- 3Y*
- 29.91%
- 5Y*
- 15.72%
- 10Y*
- 19.50%
IBIT
- 1D
- 5.13%
- 1M
- -21.03%
- YTD
- -27.71%
- 6M
- -30.34%
- 1Y
- -39.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XMMO vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XMMO Invesco S&P MidCap Momentum ETF | 19.66% | 13.04% | 38.68% |
IBIT iShares Bitcoin Trust ETF | -27.71% | -6.41% | 89.87% |
Correlation
The correlation between XMMO and IBIT is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.39 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XMMO vs. IBIT — Risk / Return Rank
XMMO
IBIT
XMMO vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Momentum ETF (XMMO) and iShares Bitcoin Trust ETF (IBIT). 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.
| XMMO | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.53 | ||
| Sortino ratioReturn per unit of downside risk | +3.53 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.86 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | -0.76 | +4.51 |
| Martin ratioReturn relative to average drawdown | 15.23 | -1.36 | +16.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XMMO | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | -0.90 | +2.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.26 | +0.30 |
Drawdowns
XMMO vs. IBIT - Drawdown Comparison
The maximum XMMO drawdown since its inception was -55.37%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for XMMO and IBIT.
Loading charts...
Drawdown Indicators
| XMMO | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.37% | -52.11% | -3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -52.11% | +43.77% |
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 DrawdownCurrent decline from peak | -3.69% | -49.66% | +45.97% |
Average DrawdownAverage peak-to-trough decline | -9.45% | -16.19% | +6.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 28.97% | -26.90% |
Volatility
XMMO vs. IBIT - Volatility Comparison
The current volatility for Invesco S&P MidCap Momentum ETF (XMMO) is 7.70%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 11.85%. This indicates that XMMO experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XMMO | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.70% | 11.85% | -4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 16.07% | 34.60% | -18.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.18% | 44.28% | -25.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.52% | 50.32% | -28.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.31% | 50.32% | -28.01% |
XMMO vs. IBIT - Expense Ratio Comparison
XMMO has a 0.35% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
XMMO vs. IBIT - Dividend Comparison
XMMO's dividend yield for the trailing twelve months is around 0.62%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 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 | 0.62% | 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
XMMO and IBIT have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (11.85%) compared to XMMO (7.70%). In terms of maximum drawdown, XMMO dropped -55.37% vs IBIT's -52.11%.
On 1-year performance, XMMO leads with 31.14% vs -39.44% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, XMMO has been the lower-risk option at 7.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XMMO has performed better with a 31.14% return vs -39.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.35% for XMMO.
XMMO has the higher dividend yield at 0.62%, compared with 0.00% for IBIT.
XMMO is categorized as Momentum, while IBIT is Cryptocurrency. XMMO tracks S&P MidCap 400 Momentum Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for XMMO and 0.25% for IBIT.
XMMO currently has the higher Sharpe Ratio (1.63 vs -0.90), 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.
Find the right allocation for XMMO and IBIT
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