XMMO vs. VYMI

Last updated Jul 21, 2026

XMMO (Invesco S&P MidCap Momentum ETF) and VYMI (Vanguard International High Dividend Yield ETF) are both exchange-traded funds - XMMO is a Momentum fund tracking the S&P MidCap 400 Momentum Index, while VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index. Both are passively managed. Over the past 10 years, XMMO returned 18.35%/yr vs 10.70%/yr for VYMI. A 0.62 correlation means they provide meaningful diversification when combined. XMMO charges 0.35%/yr vs 0.07%/yr for VYMI.

Performance

XMMO vs. VYMI - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with XMMO having a 13.17% return and VYMI slightly higher at 13.64%. Over the past 10 years, XMMO has outperformed VYMI with an annualized return of 18.35%, while VYMI has yielded a comparatively lower 10.70% annualized return.

XMMO

• 1D: -0.57%
• 1M: -8.97%
• 6M: 9.46%
• YTD: 13.17%
• 1Y: 19.87%
• 3Y*: 24.48%
• 5Y*: 13.97%
• 10Y*: 18.35%
• ALL TIME*: 12.19%

VYMI

• 1D: -0.65%
• 1M: 0.98%
• 6M: 10.39%
• YTD: 13.64%
• 1Y: 30.07%
• 3Y*: 20.68%
• 5Y*: 13.43%
• 10Y*: 10.70%
• ALL TIME*: 11.03%

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

XMMO vs. VYMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XMMO Invesco S&P MidCap Momentum ETF	13.17%	13.04%	38.03%	20.39%	-16.02%	16.69%	29.17%	36.78%	6.12%	37.18%
VYMI Vanguard International High Dividend Yield ETF	13.64%	38.05%	7.06%	17.07%	-7.02%	15.39%	-1.11%	18.43%	-12.65%	22.36%

Correlation

The correlation between XMMO and VYMI is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Mar 2, 2016	0.62

The correlation between XMMO and VYMI has been stable across timeframes, ranging from 0.56 to 0.64 - a consistent structural relationship.

XMMO vs. VYMI - Sectors Allocation Comparison

Sectors	XMMO	VYMI
Industrials	42.4%	6.3%
Technology	11.7%	5.2%
Energy	9.8%	7.9%
Healthcare	7.4%	6.5%
Basic Materials	6.9%	6.4%
Real Estate	6.4%	1.1%
Utilities	5.9%	5.2%
Consumer Defensive	2.9%	6.7%
Financial Services	2.7%	42.4%
Consumer Cyclical	2.3%	5.9%
Communication Services	1.5%	3.5%

Return for Risk

XMMO vs. VYMI — Risk / Return Rank

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

XMMO

XMMO Risk / Return Rank: 42
XMMO Sharpe Ratio Rank: 35
XMMO Sortino Ratio Rank: 35
XMMO Omega Ratio Rank: 34
XMMO Calmar Ratio Rank: 51
XMMO Martin Ratio Rank: 57

VYMI

VYMI Risk / Return Rank: 85
VYMI Sharpe Ratio Rank: 89
VYMI Sortino Ratio Rank: 88
VYMI Omega Ratio Rank: 88
VYMI Calmar Ratio Rank: 78
VYMI Martin Ratio Rank: 81

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. VYMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Momentum ETF (XMMO) and Vanguard International High Dividend Yield ETF (VYMI). 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	VYMI	Difference
Sharpe ratio: Return per unit of total volatility	0.97	2.28	-1.31
Sortino ratio: Return per unit of downside risk	1.45	3.14	-1.70
Omega ratio: Gain probability vs. loss probability	1.18	1.41	-0.23
Calmar ratio: Return relative to maximum drawdown	1.97	2.98	-1.01
Martin ratio: Return relative to average drawdown	7.23	11.59	-4.36

XMMO vs. VYMI - Sharpe Ratio Comparison

The current XMMO Sharpe Ratio is 0.97, which is lower than the VYMI Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of XMMO and VYMI, 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. VYMI - Drawdown Comparison

The maximum XMMO drawdown since its inception was -55.37%, which is greater than VYMI's maximum drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for XMMO and VYMI.

Drawdown Indicators

	XMMO	VYMI	Difference
Max Drawdown Largest peak-to-trough decline	-55.37%	-40.00%	-15.37%
Max Drawdown (1Y) Largest decline over 1 year	-10.14%	-10.14%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-24.93%	-12.84%	-12.09%
Max Drawdown (5Y) Largest decline over 5 years	-27.91%	-24.05%	-3.86%
Max Drawdown (10Y) Largest decline over 10 years	-36.74%	-40.00%	+3.26%
Current Drawdown Current decline from peak	-10.14%	-1.14%	-9.00%
Average Drawdown Average peak-to-trough decline	-9.42%	-6.25%	-3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	2.60%	+0.16%

Volatility

XMMO vs. VYMI - Volatility Comparison

Invesco S&P MidCap Momentum ETF (XMMO) has a higher volatility of 6.86% compared to Vanguard International High Dividend Yield ETF (VYMI) at 2.96%. This indicates that XMMO's price experiences larger fluctuations and is considered to be riskier than VYMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMMO	VYMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.86%	2.96%	+3.90%
Volatility (6M) Calculated over the trailing 6-month period	17.53%	11.33%	+6.20%
Volatility (1Y) Calculated over the trailing 1-year period	20.70%	13.27%	+7.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.73%	14.83%	+6.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.35%	16.53%	+5.82%

XMMO vs. VYMI - Expense Ratio Comparison

XMMO has a 0.35% expense ratio, which is higher than VYMI's 0.07% expense ratio.

Dividends

XMMO vs. VYMI - Dividend Comparison

XMMO's dividend yield for the trailing twelve months is around 0.62%, less than VYMI's 3.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VYMI Vanguard International High Dividend Yield ETF	3.60%	3.68%	4.84%	4.58%	4.70%	4.30%	3.22%	4.20%	4.29%	3.21%	2.39%	0.00%
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 VYMI in my portfolio?

XMMO and VYMI have a correlation of 0.56, 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 VYMI?

XMMO has higher volatility (6.86%) compared to VYMI (2.96%). In terms of maximum drawdown, XMMO dropped -55.37% vs VYMI's -40.00%.

Which ETF is better, XMMO or VYMI?

On 10-year performance, XMMO leads with 18.35% vs 10.70% for VYMI. On fees, VYMI is cheaper at 0.07% per year. On volatility, VYMI has been the lower-risk option at 2.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XMMO or VYMI?

Over the 10-year period, XMMO has performed better with a 18.35% return vs 10.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XMMO or VYMI?

VYMI is cheaper with a 0.07% expense ratio, compared with 0.35% for XMMO.

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

VYMI has the higher dividend yield at 3.60%, compared with 0.62% for XMMO.

What is the main difference between XMMO and VYMI?

XMMO is categorized as Momentum, while VYMI is Dividend. XMMO tracks S&P MidCap 400 Momentum Index, while VYMI tracks FTSE All-World ex US High Dividend Yield Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.35% for XMMO and 0.07% for VYMI.

Which has better risk-adjusted returns?

VYMI currently has the higher Sharpe Ratio (2.28 vs 0.97), 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.