XMVM vs. MDYG
Compare and contrast key facts about Invesco S&P MidCap Value with Momentum ETF (XMVM) and SPDR S&P 400 Mid Cap Growth ETF (MDYG).
XMVM and MDYG 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. MDYG is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Growth Index. It was launched on Nov 8, 2005. Both XMVM and MDYG 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 MDYG.
Performance
XMVM vs. MDYG - Performance Comparison
Returns By Period
In the year-to-date period, XMVM achieves a 18.05% return, which is significantly lower than MDYG's 20.32% return. Both investments have delivered pretty close results over the past 10 years, with XMVM having a 10.12% annualized return and MDYG not far ahead at 10.18%.
XMVM
18.05%
4.87%
11.56%
30.18%
13.54%
10.12%
MDYG
20.32%
1.83%
5.87%
30.51%
11.58%
10.18%
Key characteristics
| XMVM | MDYG | |
|---|---|---|
| Sharpe Ratio | 1.56 | 1.84 |
| Sortino Ratio | 2.30 | 2.57 |
| Omega Ratio | 1.28 | 1.31 |
| Calmar Ratio | 3.15 | 2.01 |
| Martin Ratio | 8.48 | 9.72 |
| Ulcer Index | 3.42% | 3.09% |
| Daily Std Dev | 18.54% | 16.33% |
| Max Drawdown | -62.83% | -59.09% |
| Current Drawdown | -3.03% | -2.86% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
XMVM vs. MDYG - Expense Ratio Comparison
XMVM has a 0.39% expense ratio, which is higher than MDYG's 0.15% expense ratio.
Correlation
The correlation between XMVM and MDYG is 0.83, 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. MDYG - 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 400 Mid Cap Growth ETF (MDYG). 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. MDYG - Dividend Comparison
XMVM's dividend yield for the trailing twelve months is around 1.29%, more than MDYG's 0.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMVM Invesco S&P MidCap Value with Momentum ETF | 1.29% | 1.57% | 1.76% | 1.10% | 1.37% | 1.73% | 2.87% | 2.22% | 2.27% | 2.58% | 1.52% | 1.39% |
MDYG SPDR S&P 400 Mid Cap Growth ETF | 0.92% | 1.19% | 1.16% | 0.69% | 0.71% | 1.21% | 1.36% | 2.23% | 1.25% | 2.48% | 1.60% | 0.82% |
Drawdowns
XMVM vs. MDYG - Drawdown Comparison
The maximum XMVM drawdown since its inception was -62.83%, which is greater than MDYG's maximum drawdown of -59.09%. Use the drawdown chart below to compare losses from any high point for XMVM and MDYG. For additional features, visit the drawdowns tool.
Volatility
XMVM vs. MDYG - Volatility Comparison
Invesco S&P MidCap Value with Momentum ETF (XMVM) has a higher volatility of 7.91% compared to SPDR S&P 400 Mid Cap Growth ETF (MDYG) at 5.18%. This indicates that XMVM's price experiences larger fluctuations and is considered to be riskier than MDYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.