XMMO vs. VTI

Last updated Aug 4, 2026

XMMO (Invesco S&P MidCap Momentum ETF) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - XMMO is a Momentum fund tracking the S&P MidCap 400 Momentum Index, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Both are passively managed. Over the past 10 years, XMMO returned 18.17%/yr vs 14.66%/yr for VTI. Their correlation of 0.85 means they have usually moved in the same direction. XMMO charges 0.35%/yr vs 0.03%/yr for VTI.

Performance

XMMO vs. VTI - Performance Comparison

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

Returns By Period

In the year-to-date period, XMMO achieves a 13.32% return, which is significantly higher than VTI's 12.18% return. Over the past 10 years, XMMO has outperformed VTI with an annualized return of 18.17%, while VTI has yielded a comparatively lower 14.66% annualized return.

XMMO

• 1D: 1.37%
• 1M: -4.13%
• 6M: 10.87%
• YTD: 13.32%
• 1Y: 22.21%
• 3Y*: 24.75%
• 5Y*: 13.53%
• 10Y*: 18.17%
• ALL TIME*: 12.18%

VTI

• 1D: 1.53%
• 1M: 1.38%
• 6M: 9.81%
• YTD: 12.18%
• 1Y: 23.70%
• 3Y*: 20.38%
• 5Y*: 12.06%
• 10Y*: 14.66%
• ALL TIME*: 9.64%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VTI Vanguard Total Stock Market ETF	$1.08B	$1.16B	$1.24B
XMMO Invesco S&P MidCap Momentum ETF	$60.28M	$71.43M	$67.26M

XMMO vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XMMO Invesco S&P MidCap Momentum ETF	13.32%	13.04%	38.03%	20.39%	-16.02%	16.69%	29.17%	36.78%	6.12%	37.18%
VTI Vanguard Total Stock Market ETF	12.18%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%

Correlation

The correlation between XMMO and VTI is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (10Y) Provides a long-term view across more market conditions.	0.83
Correlation (All Time) Calculated using the full available price history since Mar 3, 2005	0.85

The correlation between XMMO and VTI has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.

XMMO vs. VTI - Sectors Allocation Comparison

Sectors	XMMO	VTI
Industrials	37.0%	10.2%
Technology	12.9%	36.1%
Basic Materials	10.2%	1.9%
Energy	8.4%	3.2%
Healthcare	8.1%	9.7%
Real Estate	7.2%	2.3%
Utilities	6.0%	2.2%
Consumer Cyclical	5.0%	9.4%
Financial Services	2.9%	11.8%
Communication Services	1.7%	9.1%
Consumer Defensive	0.5%	4.3%

Return for Risk

XMMO vs. VTI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XMMO

XMMO Risk / Return Rank: 44
XMMO Sharpe Ratio Rank: 41
XMMO Sortino Ratio Rank: 41
XMMO Omega Ratio Rank: 40
XMMO Calmar Ratio Rank: 44
XMMO Martin Ratio Rank: 55

VTI

VTI Risk / Return Rank: 78
VTI Sharpe Ratio Rank: 79
VTI Sortino Ratio Rank: 77
VTI Omega Ratio Rank: 77
VTI Calmar Ratio Rank: 75
VTI Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XMMO vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Momentum ETF (XMMO) and Vanguard Total Stock Market ETF (VTI). 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.

	XMMO	VTI	Difference
Sharpe ratio: Return per unit of total volatility	1.04	1.82	-0.78
Sortino ratio: Return per unit of downside risk	1.53	2.52	-0.99
Omega ratio: Gain probability vs. loss probability	1.19	1.32	-0.13
Calmar ratio: Return relative to maximum drawdown	1.60	2.67	-1.07
Martin ratio: Return relative to average drawdown	6.64	11.50	-4.86

XMMO vs. VTI - Sharpe Ratio Comparison

The current XMMO Sharpe Ratio is 1.04, which is lower than the VTI Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of XMMO and VTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XMMO vs. VTI - Drawdown Comparison

The maximum XMMO drawdown since its inception was -55.37%, roughly equal to the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for XMMO and VTI.

Drawdown Indicators

	XMMO	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-55.37%	-55.45%	+0.08%
Max Drawdown (1Y) Largest decline over 1 year	-13.91%	-8.92%	-4.99%
Max Drawdown (3Y) Largest decline over 3 years	-24.93%	-19.30%	-5.63%
Max Drawdown (5Y) Largest decline over 5 years	-27.91%	-25.36%	-2.55%
Max Drawdown (10Y) Largest decline over 10 years	-36.74%	-35.00%	-1.74%
Current Drawdown Current decline from peak	-10.02%	0.00%	-10.02%
Average Drawdown Average peak-to-trough decline	-9.42%	-7.98%	-1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	2.07%	+1.28%

Volatility

XMMO vs. VTI - Volatility Comparison

Invesco S&P MidCap Momentum ETF (XMMO) has a higher volatility of 7.91% compared to Vanguard Total Stock Market ETF (VTI) at 3.78%. This indicates that XMMO's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMMO	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.91%	3.78%	+4.13%
Volatility (6M) Calculated over the trailing 6-month period	18.48%	10.33%	+8.15%
Volatility (1Y) Calculated over the trailing 1-year period	21.51%	13.08%	+8.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.87%	17.53%	+4.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.44%	18.31%	+4.13%

XMMO vs. VTI - Expense Ratio Comparison

XMMO has a 0.35% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

XMMO vs. VTI - Dividend Comparison

XMMO's dividend yield for the trailing twelve months is around 0.62%, less than VTI's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VTI Vanguard Total Stock Market ETF	1.04%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%
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 VTI in my portfolio?

XMMO and VTI have a correlation of 0.76, 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 VTI?

XMMO has higher volatility (7.91%) compared to VTI (3.78%). In terms of maximum drawdown, XMMO dropped -55.37% vs VTI's -55.45%.

Which ETF is better, XMMO or VTI?

On 10-year performance, XMMO leads with 18.17% vs 14.66% for VTI. On fees, VTI is cheaper at 0.03% per year. On volatility, VTI has been the lower-risk option at 3.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XMMO or VTI?

Over the 10-year period, XMMO has performed better with a 18.17% return vs 14.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XMMO or VTI?

VTI is cheaper with a 0.03% expense ratio, compared with 0.35% for XMMO.

Which ETF pays a higher dividend yield, XMMO or VTI?

VTI has the higher dividend yield at 1.04%, compared with 0.62% for XMMO.

What is the main difference between XMMO and VTI?

XMMO is categorized as Momentum, while VTI is Large Cap Blend Equities. XMMO tracks S&P MidCap 400 Momentum Index, while VTI tracks CRSP US Total Market Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.35% for XMMO and 0.03% for VTI.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (1.82 vs 1.04), 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.