XMMO vs. VOO
Compare and contrast key facts about Invesco S&P MidCap Momentum ETF (XMMO) and Vanguard S&P 500 ETF (VOO).
XMMO and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both XMMO and VOO 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 VOO.
Key characteristics
| XMMO | VOO | |
|---|---|---|
| YTD Return | 24.93% | 7.94% |
| 1Y Return | 54.36% | 28.21% |
| 3Y Return (Ann) | 11.17% | 8.82% |
| 5Y Return (Ann) | 14.71% | 13.59% |
| 10Y Return (Ann) | 14.91% | 12.69% |
| Sharpe Ratio | 2.99 | 2.33 |
| Daily Std Dev | 17.40% | 11.70% |
| Max Drawdown | -55.37% | -33.99% |
| Current Drawdown | -2.41% | -2.36% |
Correlation
The correlation between XMMO and VOO is 0.82, 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. VOO - Performance Comparison
In the year-to-date period, XMMO achieves a 24.93% return, which is significantly higher than VOO's 7.94% return. Over the past 10 years, XMMO has outperformed VOO with an annualized return of 14.91%, while VOO has yielded a comparatively lower 12.69% 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. VOO - Expense Ratio Comparison
XMMO has a 0.33% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
XMMO vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Momentum ETF (XMMO) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
XMMO's dividend yield for the trailing twelve months is around 0.45%, less than VOO's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMMO Invesco S&P MidCap Momentum ETF | 0.45% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% | 1.24% | 1.30% |
VOO Vanguard S&P 500 ETF | 1.36% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
XMMO vs. VOO - Drawdown Comparison
The maximum XMMO drawdown since its inception was -55.37%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for XMMO and VOO. For additional features, visit the drawdowns tool.
Volatility
XMMO vs. VOO - Volatility Comparison
Invesco S&P MidCap Momentum ETF (XMMO) has a higher volatility of 5.03% compared to Vanguard S&P 500 ETF (VOO) at 4.09%. This indicates that XMMO's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.