XMMO vs. MSFRX

Last updated Jun 9, 2026

XMMO (Invesco S&P MidCap Momentum ETF) and MSFRX (MFS Total Return Fund) are both funds - XMMO is a Momentum fund tracking the S&P MidCap 400 Momentum Index, while MSFRX is a Diversified Portfolio fund managed by MFS. Over the past 10 years, XMMO returned 19.50%/yr vs 7.96%/yr for MSFRX. A 0.78 correlation means they provide meaningful diversification when combined. XMMO charges 0.35%/yr vs 0.72%/yr for MSFRX.

Performance

XMMO vs. MSFRX - Performance Comparison

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

Returns By Period

In the year-to-date period, XMMO achieves a 19.66% return, which is significantly higher than MSFRX's 3.29% return. Over the past 10 years, XMMO has outperformed MSFRX with an annualized return of 19.50%, while MSFRX has yielded a comparatively lower 7.96% annualized 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%

MSFRX

• 1D: -0.20%
• 1M: 1.08%
• YTD: 3.29%
• 6M: 4.86%
• 1Y: 11.70%
• 3Y*: 12.50%
• 5Y*: 6.28%
• 10Y*: 7.96%

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

XMMO vs. MSFRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XMMO Invesco S&P MidCap Momentum ETF	19.66%	13.04%	38.03%	20.39%	-16.02%	16.69%	29.17%	36.78%	6.12%	37.18%
MSFRX MFS Total Return Fund	3.29%	10.98%	14.73%	10.34%	-9.70%	14.00%	9.72%	20.20%	-5.80%	12.18%

Correlation

The correlation between XMMO and MSFRX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Mar 4, 2005	0.78

Over the past year, the correlation between XMMO and MSFRX has dropped to 0.52 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

Return for Risk

XMMO vs. MSFRX — Risk / Return Rank

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

XMMO

XMMO Risk / Return Rank: 64
XMMO Sharpe Ratio Rank: 53
XMMO Sortino Ratio Rank: 52
XMMO Omega Ratio Rank: 52
XMMO Calmar Ratio Rank: 80
XMMO Martin Ratio Rank: 83

MSFRX

MSFRX Risk / Return Rank: 42
MSFRX Sharpe Ratio Rank: 42
MSFRX Sortino Ratio Rank: 47
MSFRX Omega Ratio Rank: 41
MSFRX Calmar Ratio Rank: 46
MSFRX Martin Ratio Rank: 34

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. MSFRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Momentum ETF (XMMO) and MFS Total Return Fund (MSFRX). 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	MSFRX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.79	-0.16
Sortino ratio: Return per unit of downside risk	2.29	2.72	-0.43
Omega ratio: Gain probability vs. loss probability	1.29	1.33	-0.03
Calmar ratio: Return relative to maximum drawdown	3.75	2.45	+1.30
Martin ratio: Return relative to average drawdown	15.23	7.28	+7.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMMO vs. MSFRX - Sharpe Ratio Comparison

The current XMMO Sharpe Ratio is 1.63, which is comparable to the MSFRX Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of XMMO and MSFRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XMMO	MSFRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	1.79	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.65	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.76	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.65	-0.08

Drawdowns

XMMO vs. MSFRX - Drawdown Comparison

The maximum XMMO drawdown since its inception was -55.37%, which is greater than MSFRX's maximum drawdown of -37.28%. Use the drawdown chart below to compare losses from any high point for XMMO and MSFRX.

Drawdown Indicators

	XMMO	MSFRX	Difference
Max Drawdown Largest peak-to-trough decline	-55.37%	-37.28%	-18.09%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-4.96%	-3.38%
Max Drawdown (3Y) Largest decline over 3 years	-24.93%	-8.56%	-16.37%
Max Drawdown (5Y) Largest decline over 5 years	-27.91%	-17.02%	-10.89%
Max Drawdown (10Y) Largest decline over 10 years	-36.74%	-24.70%	-12.04%
Current Drawdown Current decline from peak	-3.69%	-1.86%	-1.83%
Average Drawdown Average peak-to-trough decline	-9.45%	-5.00%	-4.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	1.67%	+0.40%

Volatility

XMMO vs. MSFRX - Volatility Comparison

Invesco S&P MidCap Momentum ETF (XMMO) has a higher volatility of 7.70% compared to MFS Total Return Fund (MSFRX) at 1.78%. This indicates that XMMO's price experiences larger fluctuations and is considered to be riskier than MSFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMMO	MSFRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.70%	1.78%	+5.92%
Volatility (6M) Calculated over the trailing 6-month period	16.07%	4.93%	+11.14%
Volatility (1Y) Calculated over the trailing 1-year period	19.18%	6.78%	+12.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.52%	9.74%	+11.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.31%	10.45%	+11.86%

XMMO vs. MSFRX - Expense Ratio Comparison

XMMO has a 0.35% expense ratio, which is lower than MSFRX's 0.72% expense ratio.

Dividends

XMMO vs. MSFRX - Dividend Comparison

XMMO's dividend yield for the trailing twelve months is around 0.62%, less than MSFRX's 8.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSFRX MFS Total Return Fund	8.77%	8.93%	14.87%	6.19%	5.38%	8.33%	6.93%	3.22%	4.99%	5.67%	3.54%	5.55%
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

Can I hold both XMMO and MSFRX in my portfolio?

XMMO and MSFRX have a correlation of 0.52, 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 MSFRX?

XMMO has higher volatility (7.70%) compared to MSFRX (1.78%). In terms of maximum drawdown, XMMO dropped -55.37% vs MSFRX's -37.28%.

Which has better risk-adjusted returns?

MSFRX currently has the higher Sharpe Ratio (1.79 vs 1.63), 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.