XMVM vs. AVUV

Last updated Jun 3, 2026

XMVM (Invesco S&P MidCap Value with Momentum ETF) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - XMVM is a Momentum fund tracking the S&P MidCap 400 High Momentum Value Index, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. XMVM is passively managed, while AVUV is actively managed. Over the past 5 years, XMVM returned 9.75%/yr vs 10.93%/yr for AVUV. Their correlation of 0.94 suggests significant overlap in exposure. XMVM charges 0.39%/yr vs 0.25%/yr for AVUV.

Performance

XMVM vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap Value with Momentum ETF (XMVM) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XMVM achieves a 8.55% return, which is significantly lower than AVUV's 19.12% return.

XMVM

• 1D: 0.99%
• 1M: -0.27%
• YTD: 8.55%
• 6M: 12.23%
• 1Y: 31.43%
• 3Y*: 19.09%
• 5Y*: 9.75%
• 10Y*: 11.80%

AVUV

• 1D: 0.92%
• 1M: 1.01%
• YTD: 19.12%
• 6M: 20.66%
• 1Y: 39.89%
• 3Y*: 19.63%
• 5Y*: 10.93%
• 10Y*: —

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

XMVM vs. AVUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XMVM Invesco S&P MidCap Value with Momentum ETF	8.55%	18.46%	11.73%	16.31%	-8.21%	35.15%	5.68%	10.19%
AVUV Avantis US Small Cap Value ETF	19.12%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	8.50%

Correlation

The correlation between XMVM and AVUV is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.94

The correlation between XMVM and AVUV has been stable across timeframes, ranging from 0.85 to 0.94 - a consistent structural relationship.

XMVM vs. AVUV - Sectors Allocation Comparison

Sectors	XMVM	AVUV
Financial Services	41.8%	25.8%
Consumer Cyclical	14.5%	18.0%
Utilities	9.9%	0.1%
Industrials	8.6%	13.9%
Energy	8.3%	18.2%
Consumer Defensive	7.3%	4.5%
Real Estate	4.3%	0.7%
Technology	3.6%	7.0%
Communication Services	1.0%	2.8%
Basic Materials	0.8%	4.9%
Healthcare	0.7%	4.2%

Return for Risk

XMVM vs. AVUV — Risk / Return Rank

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

XMVM

XMVM Risk / Return Rank: 61
XMVM Sharpe Ratio Rank: 61
XMVM Sortino Ratio Rank: 63
XMVM Omega Ratio Rank: 58
XMVM Calmar Ratio Rank: 66
XMVM Martin Ratio Rank: 58

AVUV

AVUV Risk / Return Rank: 73
AVUV Sharpe Ratio Rank: 69
AVUV Sortino Ratio Rank: 71
AVUV Omega Ratio Rank: 65
AVUV Calmar Ratio Rank: 87
AVUV Martin Ratio Rank: 76

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.

XMVM vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Value with Momentum ETF (XMVM) and Avantis US Small Cap Value ETF (AVUV). 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.

	XMVM	AVUV	Difference
Sharpe ratio Return per unit of total volatility	2.06	2.29	-0.23
Sortino ratio Return per unit of downside risk	2.95	3.26	-0.30
Omega ratio Gain probability vs. loss probability	1.36	1.40	-0.03
Calmar ratio Return relative to maximum drawdown	3.37	4.99	-1.62
Martin ratio Return relative to average drawdown	10.42	14.84	-4.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMVM vs. AVUV - Sharpe Ratio Comparison

The current XMVM Sharpe Ratio is 2.06, which is comparable to the AVUV Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of XMVM and AVUV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XMVM	AVUV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	2.29	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.48	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.56	-0.13

Drawdowns

XMVM vs. AVUV - Drawdown Comparison

The maximum XMVM drawdown since its inception was -62.83%, which is greater than AVUV's maximum drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for XMVM and AVUV.

Drawdown Indicators

	XMVM	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-62.83%	-49.42%	-13.41%
Max Drawdown (1Y) Largest decline over 1 year	-9.18%	-7.95%	-1.23%
Max Drawdown (3Y) Largest decline over 3 years	-24.12%	-28.79%	+4.67%
Max Drawdown (5Y) Largest decline over 5 years	-24.12%	-28.79%	+4.67%
Max Drawdown (10Y) Largest decline over 10 years	-45.07%	—	—
Current Drawdown Current decline from peak	-0.71%	-0.15%	-0.56%
Average Drawdown Average peak-to-trough decline	-10.27%	-7.96%	-2.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	2.67%	+0.30%

Volatility

XMVM vs. AVUV - Volatility Comparison

The current volatility for Invesco S&P MidCap Value with Momentum ETF (XMVM) is 3.48%, while Avantis US Small Cap Value ETF (AVUV) has a volatility of 4.14%. This indicates that XMVM experiences smaller price fluctuations and is considered to be less risky than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMVM	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	4.14%	-0.66%
Volatility (6M) Calculated over the trailing 6-month period	9.76%	11.28%	-1.52%
Volatility (1Y) Calculated over the trailing 1-year period	15.37%	17.50%	-2.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.54%	22.73%	-1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.81%	28.30%	-5.49%

XMVM vs. AVUV - Expense Ratio Comparison

XMVM has a 0.39% expense ratio, which is higher than AVUV's 0.25% expense ratio.

Dividends

XMVM vs. AVUV - Dividend Comparison

XMVM's dividend yield for the trailing twelve months is around 1.95%, more than AVUV's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVUV Avantis US Small Cap Value ETF	1.28%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%	0.00%	0.00%	0.00%	0.00%
XMVM Invesco S&P MidCap Value with Momentum ETF	1.95%	2.07%	1.43%	1.57%	1.76%	1.10%	1.37%	1.73%	2.87%	2.22%	2.27%	2.58%

Frequently Asked Questions

Can I hold both XMVM and AVUV in my portfolio?

XMVM and AVUV have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XMVM or AVUV?

AVUV has higher volatility (4.14%) compared to XMVM (3.48%). In terms of maximum drawdown, XMVM dropped -62.83% vs AVUV's -49.42%.

Which ETF is better, XMVM or AVUV?

On 5-year performance, AVUV leads with 10.93% vs 9.75% for XMVM. On fees, AVUV is cheaper at 0.25% per year. On volatility, XMVM has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XMVM or AVUV?

Over the 5-year period, AVUV has performed better with a 10.93% return vs 9.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XMVM or AVUV?

AVUV is cheaper with a 0.25% expense ratio, compared with 0.39% for XMVM.

Which ETF pays a higher dividend yield, XMVM or AVUV?

XMVM has the higher dividend yield at 1.95%, compared with 1.28% for AVUV.

What is the main difference between XMVM and AVUV?

XMVM is categorized as Momentum, while AVUV is Small Cap Value Equities. They also come from different issuers: Invesco and Avantis. Their fees differ too: 0.39% for XMVM and 0.25% for AVUV.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (2.29 vs 2.06), 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.