XMMO vs. MTUM
Compare and contrast key facts about Invesco S&P MidCap Momentum ETF (XMMO) and iShares Edge MSCI USA Momentum Factor ETF (MTUM).
XMMO and MTUM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005. MTUM is a passively managed fund by iShares that tracks the performance of the MSCI USA Momentum Index. It was launched on Apr 16, 2013. Both XMMO and MTUM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XMMO or MTUM.
Key characteristics
| XMMO | MTUM | |
|---|---|---|
| YTD Return | 23.11% | 13.05% |
| 1Y Return | 49.86% | 28.52% |
| 3Y Return (Ann) | 9.94% | 2.52% |
| 5Y Return (Ann) | 14.38% | 10.49% |
| 10Y Return (Ann) | 14.69% | 12.79% |
| Sharpe Ratio | 2.84 | 1.78 |
| Daily Std Dev | 17.36% | 15.49% |
| Max Drawdown | -55.37% | -34.08% |
| Current Drawdown | -3.83% | -6.26% |
Correlation
The correlation between XMMO and MTUM is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XMMO vs. MTUM - Performance Comparison
In the year-to-date period, XMMO achieves a 23.11% return, which is significantly higher than MTUM's 13.05% return. Over the past 10 years, XMMO has outperformed MTUM with an annualized return of 14.69%, while MTUM has yielded a comparatively lower 12.79% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XMMO vs. MTUM - Expense Ratio Comparison
XMMO has a 0.33% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Risk-Adjusted Performance
XMMO vs. MTUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Momentum ETF (XMMO) and iShares Edge MSCI USA Momentum Factor ETF (MTUM). 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.
Dividends
XMMO vs. MTUM - Dividend Comparison
XMMO's dividend yield for the trailing twelve months is around 0.46%, less than MTUM's 0.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMMO Invesco S&P MidCap Momentum ETF | 0.46% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% | 1.24% | 1.30% |
MTUM iShares Edge MSCI USA Momentum Factor ETF | 0.83% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% | 1.04% | 1.02% |
Drawdowns
XMMO vs. MTUM - Drawdown Comparison
The maximum XMMO drawdown since its inception was -55.37%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for XMMO and MTUM. For additional features, visit the drawdowns tool.
Volatility
XMMO vs. MTUM - Volatility Comparison
The current volatility for Invesco S&P MidCap Momentum ETF (XMMO) is 4.96%, while iShares Edge MSCI USA Momentum Factor ETF (MTUM) has a volatility of 6.00%. This indicates that XMMO experiences smaller price fluctuations and is considered to be less risky than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.