XMMO vs. WUGI

Last updated Jun 13, 2026

XMMO (Invesco S&P MidCap Momentum ETF) and WUGI (Esoterica NextG Economy ETF) are both exchange-traded funds - XMMO is a Momentum fund tracking the S&P MidCap 400 Momentum Index, while WUGI is a Large Cap Growth Equities fund actively managed by Esoterica. XMMO is passively managed, while WUGI is actively managed. Over the past 5 years, XMMO returned 15.91%/yr vs 16.13%/yr for WUGI. A 0.65 correlation means they provide meaningful diversification when combined. XMMO charges 0.35%/yr vs 0.75%/yr for WUGI.

Performance

XMMO vs. WUGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap Momentum ETF (XMMO) and Esoterica NextG Economy ETF (WUGI). 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 22.77% return and WUGI slightly higher at 23.35%.

XMMO

• 1D: 0.96%
• 1M: 0.41%
• YTD: 22.77%
• 6M: 22.33%
• 1Y: 37.93%
• 3Y*: 30.62%
• 5Y*: 15.91%
• 10Y*: 19.95%

WUGI

• 1D: 1.10%
• 1M: 4.42%
• YTD: 23.35%
• 6M: 25.24%
• 1Y: 41.20%
• 3Y*: 33.73%
• 5Y*: 16.13%
• 10Y*: —

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

XMMO vs. WUGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XMMO Invesco S&P MidCap Momentum ETF	22.77%	13.04%	38.03%	20.39%	-16.02%	16.69%	57.86%
WUGI Esoterica NextG Economy ETF	23.35%	22.66%	47.14%	61.30%	-49.55%	25.18%	97.36%

Correlation

The correlation between XMMO and WUGI is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Mar 31, 2020	0.65

The correlation between XMMO and WUGI has been stable across timeframes, ranging from 0.63 to 0.65 - a consistent structural relationship.

XMMO vs. WUGI - Sectors Allocation Comparison

Sectors	XMMO	WUGI
Industrials	41.1%	9.3%
Technology	16.7%	70.5%
Energy	7.7%	0.0%
Basic Materials	7.2%	0.0%
Healthcare	6.3%	0.2%
Real Estate	6.1%	0.1%
Utilities	5.8%	-
Consumer Cyclical	4.6%	6.3%
Financial Services	2.4%	1.8%
Communication Services	1.6%	12.1%
Consumer Defensive	0.5%	0.1%

Return for Risk

XMMO vs. WUGI — Risk / Return Rank

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

XMMO

XMMO Risk / Return Rank: 74
XMMO Sharpe Ratio Rank: 65
XMMO Sortino Ratio Rank: 65
XMMO Omega Ratio Rank: 63
XMMO Calmar Ratio Rank: 88
XMMO Martin Ratio Rank: 89

WUGI

WUGI Risk / Return Rank: 49
WUGI Sharpe Ratio Rank: 51
WUGI Sortino Ratio Rank: 47
WUGI Omega Ratio Rank: 49
WUGI Calmar Ratio Rank: 49
WUGI Martin Ratio Rank: 47

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. WUGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Momentum ETF (XMMO) and Esoterica NextG Economy ETF (WUGI). 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	WUGI	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.54	+0.33
Sortino ratio: Return per unit of downside risk	2.58	2.08	+0.51
Omega ratio: Gain probability vs. loss probability	1.33	1.28	+0.06
Calmar ratio: Return relative to maximum drawdown	4.41	2.17	+2.25
Martin ratio: Return relative to average drawdown	17.54	7.02	+10.53

XMMO vs. WUGI - Sharpe Ratio Comparison

The current XMMO Sharpe Ratio is 1.86, which is comparable to the WUGI Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of XMMO and WUGI, 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. WUGI - Drawdown Comparison

The maximum XMMO drawdown since its inception was -55.37%, roughly equal to the maximum WUGI drawdown of -56.41%. Use the drawdown chart below to compare losses from any high point for XMMO and WUGI.

Drawdown Indicators

	XMMO	WUGI	Difference
Max Drawdown Largest peak-to-trough decline	-55.37%	-56.41%	+1.04%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-17.99%	+9.65%
Max Drawdown (3Y) Largest decline over 3 years	-24.93%	-27.49%	+2.56%
Max Drawdown (5Y) Largest decline over 5 years	-27.91%	-56.41%	+28.50%
Max Drawdown (10Y) Largest decline over 10 years	-36.74%	—	—
Current Drawdown Current decline from peak	-1.19%	-3.98%	+2.79%
Average Drawdown Average peak-to-trough decline	-9.44%	-16.61%	+7.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	5.54%	-3.45%

Volatility

XMMO vs. WUGI - Volatility Comparison

The current volatility for Invesco S&P MidCap Momentum ETF (XMMO) is 9.07%, while Esoterica NextG Economy ETF (WUGI) has a volatility of 13.03%. This indicates that XMMO experiences smaller price fluctuations and is considered to be less risky than WUGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMMO	WUGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.07%	13.03%	-3.96%
Volatility (6M) Calculated over the trailing 6-month period	16.76%	22.14%	-5.38%
Volatility (1Y) Calculated over the trailing 1-year period	19.74%	25.36%	-5.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.62%	31.07%	-9.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.35%	31.09%	-8.74%

XMMO vs. WUGI - Expense Ratio Comparison

XMMO has a 0.35% expense ratio, which is lower than WUGI's 0.75% expense ratio.

Dividends

XMMO vs. WUGI - Dividend Comparison

XMMO's dividend yield for the trailing twelve months is around 0.61%, less than WUGI's 18.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WUGI Esoterica NextG Economy ETF	18.51%	22.83%	4.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XMMO Invesco S&P MidCap Momentum ETF	0.61%	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 WUGI in my portfolio?

XMMO and WUGI have a correlation of 0.65, 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 WUGI?

WUGI has higher volatility (13.03%) compared to XMMO (9.07%). In terms of maximum drawdown, XMMO dropped -55.37% vs WUGI's -56.41%.

Which ETF is better, XMMO or WUGI?

On 5-year performance, WUGI leads with 16.13% vs 15.91% for XMMO. On fees, XMMO is cheaper at 0.35% per year. On volatility, XMMO has been the lower-risk option at 9.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XMMO or WUGI?

Over the 5-year period, WUGI has performed better with a 16.13% return vs 15.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XMMO or WUGI?

XMMO is cheaper with a 0.35% expense ratio, compared with 0.75% for WUGI.

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

WUGI has the higher dividend yield at 18.51%, compared with 0.61% for XMMO.

What is the main difference between XMMO and WUGI?

XMMO is categorized as Momentum, while WUGI is Large Cap Growth Equities. They also come from different issuers: Invesco and Esoterica. Their fees differ too: 0.35% for XMMO and 0.75% for WUGI.

Which has better risk-adjusted returns?

XMMO currently has the higher Sharpe Ratio (1.86 vs 1.54), 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.