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XMMO vs. JNJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMMO vs. JNJ

Last updated Jun 13, 2026

XMMO (Invesco S&P MidCap Momentum ETF) is Momentum fund tracking the S&P MidCap 400 Momentum Index, while JNJ (Johnson & Johnson) is a stock. Over the past 10 years, XMMO returned 19.95%/yr vs 10.46%/yr for JNJ. At a 0.35 correlation, their price movements are largely independent.

Performance

XMMO vs. JNJ - Performance Comparison

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

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Returns By Period

In the year-to-date period, XMMO achieves a 22.77% return, which is significantly higher than JNJ's 17.68% return. Over the past 10 years, XMMO has outperformed JNJ with an annualized return of 19.95%, while JNJ has yielded a comparatively lower 10.46% annualized return.

XMMO

1D
0.96%
1M
0.99%
YTD
22.77%
6M
22.33%
1Y
36.63%
3Y*
30.62%
5Y*
15.91%
10Y*
19.95%

JNJ

1D
1.07%
1M
5.14%
YTD
17.68%
6M
15.11%
1Y
57.60%
3Y*
17.82%
5Y*
10.94%
10Y*
10.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XMMO vs. JNJ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XMMO
Invesco S&P MidCap Momentum ETF		22.77%13.04%38.03%20.39%-16.02%16.69%29.17%36.78%6.12%37.18%
JNJ
Johnson & Johnson		17.68%47.48%-4.81%-8.58%5.97%11.44%10.82%16.22%-5.13%24.43%

Correlation

The correlation between XMMO and JNJ is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.04

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

0.04

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

0.13

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

0.22

Correlation (All Time)
Calculated using the full available price history since Mar 3, 2005

0.35

Over the past year, the correlation between XMMO and JNJ has dropped to 0.04 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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Invesco S&P MidCap Momentum ETF

Johnson & Johnson

Often compared with XMMO:
XMMO vs. SPMOXMMO vs. XMHQXMMO vs. VOOXMMO vs. MTUMXMMO vs. QMOMXMMO vs. SPGPXMMO vs. RFV
Often compared with JNJ:
JNJ vs. ABBVJNJ vs. PFEJNJ vs. UNHJNJ vs. VOOJNJ vs. SCHDJNJ vs. ABTJNJ vs. MDT

Return for Risk

XMMO vs. JNJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMMO
XMMO Risk / Return Rank: 7474
Overall Rank
XMMO Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
XMMO Sortino Ratio Rank: 6565
Sortino Ratio Rank
XMMO Omega Ratio Rank: 6363
Omega Ratio Rank
XMMO Calmar Ratio Rank: 8888
Calmar Ratio Rank
XMMO Martin Ratio Rank: 8989
Martin Ratio Rank
JNJ
JNJ Risk / Return Rank: 9696
Overall Rank
JNJ Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
JNJ Sortino Ratio Rank: 9898
Sortino Ratio Rank
JNJ Omega Ratio Rank: 9797
Omega Ratio Rank
JNJ Calmar Ratio Rank: 9393
Calmar Ratio Rank
JNJ Martin Ratio Rank: 9494
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.

XMMO vs. JNJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Momentum ETF (XMMO) and Johnson & Johnson (JNJ). 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.

XMMOJNJDifference
Sharpe ratioReturn per unit of total volatility
1.86
3.42

-1.56

Sortino ratioReturn per unit of downside risk
2.58
4.94

-2.36

Omega ratioGain probability vs. loss probability

1.33

1.61

-0.28

Calmar ratioReturn relative to maximum drawdown

4.41

5.28

-0.87

Martin ratioReturn relative to average drawdown

17.54

15.52

+2.02

XMMO vs. JNJ - Sharpe Ratio Comparison

The current XMMO Sharpe Ratio is 1.86, which is lower than the JNJ Sharpe Ratio of 3.42. The chart below compares the historical Sharpe Ratios of XMMO and JNJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XMMO vs. JNJ - Drawdown Comparison

The maximum XMMO drawdown since its inception was -55.37%, which is greater than JNJ's maximum drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for XMMO and JNJ.

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Drawdown Indicators

XMMOJNJDifference

Max Drawdown

Largest peak-to-trough decline

-55.37%

-50.67%

-4.70%

Max Drawdown (1Y)

Largest decline over 1 year

-8.34%

-10.96%

+2.62%

Max Drawdown (3Y)

Largest decline over 3 years

-24.93%

-15.95%

-8.98%

Max Drawdown (5Y)

Largest decline over 5 years

-27.91%

-18.41%

-9.50%

Max Drawdown (10Y)

Largest decline over 10 years

-36.74%

-27.37%

-9.37%

Current Drawdown

Current decline from peak

-1.19%

-2.54%

+1.35%

Average Drawdown

Average peak-to-trough decline

-9.44%

-11.90%

+2.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.09%

3.72%

-1.63%

Volatility

XMMO vs. JNJ - Volatility Comparison

Invesco S&P MidCap Momentum ETF (XMMO) has a higher volatility of 9.07% compared to Johnson & Johnson (JNJ) at 5.47%. This indicates that XMMO's price experiences larger fluctuations and is considered to be riskier than JNJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XMMOJNJDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.07%

5.47%

+3.60%

Volatility (6M)

Calculated over the trailing 6-month period

16.76%

12.16%

+4.60%

Volatility (1Y)

Calculated over the trailing 1-year period

19.74%

16.94%

+2.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.62%

16.87%

+4.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.35%

18.48%

+3.87%

Dividends

XMMO vs. JNJ - Dividend Comparison

XMMO's dividend yield for the trailing twelve months is around 0.61%, less than JNJ's 2.18% yield.

PositionTTM20252024202320222021202020192018201720162015
JNJ
Johnson & Johnson		2.18%2.48%3.40%3.00%2.52%2.45%2.53%2.57%2.74%2.38%2.73%2.87%
XMMO
Invesco S&P MidCap Momentum ETF		0.61%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 JNJ have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XMMO has higher volatility (9.07%) compared to JNJ (5.47%). In terms of maximum drawdown, XMMO dropped -55.37% vs JNJ's -50.67%.

JNJ currently has the higher Sharpe Ratio (3.42 vs 1.86), 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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