XMVM vs. MDY
Compare and contrast key facts about Invesco S&P MidCap Value with Momentum ETF (XMVM) and SPDR S&P MidCap 400 ETF (MDY).
XMVM and MDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMVM is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 High Momentum Value Index. It was launched on Mar 3, 2005. MDY is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on May 4, 1995. Both XMVM and MDY 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: XMVM or MDY.
Performance
XMVM vs. MDY - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with XMVM having a 20.34% return and MDY slightly lower at 19.40%. Both investments have delivered pretty close results over the past 10 years, with XMVM having a 10.29% annualized return and MDY not far behind at 9.97%.
XMVM
20.34%
7.00%
15.00%
31.70%
13.97%
10.29%
MDY
19.40%
4.74%
12.00%
30.43%
12.10%
9.97%
Key characteristics
| XMVM | MDY | |
|---|---|---|
| Sharpe Ratio | 1.76 | 1.95 |
| Sortino Ratio | 2.55 | 2.74 |
| Omega Ratio | 1.31 | 1.34 |
| Calmar Ratio | 3.55 | 3.05 |
| Martin Ratio | 9.57 | 11.15 |
| Ulcer Index | 3.42% | 2.80% |
| Daily Std Dev | 18.60% | 16.01% |
| Max Drawdown | -62.83% | -55.33% |
| Current Drawdown | -1.15% | -1.15% |
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XMVM vs. MDY - Expense Ratio Comparison
XMVM has a 0.39% expense ratio, which is higher than MDY's 0.23% expense ratio.
Correlation
The correlation between XMVM and MDY is 0.89, 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.
Risk-Adjusted Performance
XMVM vs. MDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Value with Momentum ETF (XMVM) and SPDR S&P MidCap 400 ETF (MDY). 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
XMVM vs. MDY - Dividend Comparison
XMVM's dividend yield for the trailing twelve months is around 1.26%, more than MDY's 1.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMVM Invesco S&P MidCap Value with Momentum ETF | 1.26% | 1.57% | 1.76% | 1.10% | 1.37% | 1.73% | 2.87% | 2.22% | 2.27% | 2.58% | 1.52% | 1.39% |
MDY SPDR S&P MidCap 400 ETF | 1.09% | 1.21% | 1.37% | 0.96% | 1.12% | 1.34% | 1.39% | 1.18% | 1.31% | 1.35% | 1.17% | 1.07% |
Drawdowns
XMVM vs. MDY - Drawdown Comparison
The maximum XMVM drawdown since its inception was -62.83%, which is greater than MDY's maximum drawdown of -55.33%. Use the drawdown chart below to compare losses from any high point for XMVM and MDY. For additional features, visit the drawdowns tool.
Volatility
XMVM vs. MDY - Volatility Comparison
Invesco S&P MidCap Value with Momentum ETF (XMVM) has a higher volatility of 8.07% compared to SPDR S&P MidCap 400 ETF (MDY) at 5.40%. This indicates that XMVM's price experiences larger fluctuations and is considered to be riskier than MDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.