XMVM vs. MDYV
Compare and contrast key facts about Invesco S&P MidCap Value with Momentum ETF (XMVM) and SPDR S&P 400 Mid Cap Value ETF (MDYV).
XMVM and MDYV 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. MDYV is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Value Index. It was launched on Nov 8, 2005. Both XMVM and MDYV 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 MDYV.
Performance
XMVM vs. MDYV - Performance Comparison
Returns By Period
In the year-to-date period, XMVM achieves a 18.05% return, which is significantly higher than MDYV's 14.81% return. Over the past 10 years, XMVM has outperformed MDYV with an annualized return of 10.12%, while MDYV has yielded a comparatively lower 9.44% annualized return.
XMVM
18.05%
4.87%
11.56%
30.18%
13.54%
10.12%
MDYV
14.81%
3.05%
12.16%
28.20%
11.68%
9.44%
Key characteristics
| XMVM | MDYV | |
|---|---|---|
| Sharpe Ratio | 1.56 | 1.68 |
| Sortino Ratio | 2.30 | 2.42 |
| Omega Ratio | 1.28 | 1.30 |
| Calmar Ratio | 3.15 | 2.64 |
| Martin Ratio | 8.48 | 9.35 |
| Ulcer Index | 3.42% | 2.93% |
| Daily Std Dev | 18.54% | 16.31% |
| Max Drawdown | -62.83% | -60.70% |
| Current Drawdown | -3.03% | -2.64% |
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XMVM vs. MDYV - Expense Ratio Comparison
XMVM has a 0.39% expense ratio, which is higher than MDYV's 0.15% expense ratio.
Correlation
The correlation between XMVM and MDYV is 0.84, 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. MDYV - 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 Value ETF (MDYV). 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. MDYV - Dividend Comparison
XMVM's dividend yield for the trailing twelve months is around 1.29%, less than MDYV's 1.61% 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% |
MDYV SPDR S&P 400 Mid Cap Value ETF | 1.61% | 1.59% | 1.90% | 1.74% | 1.70% | 1.83% | 2.28% | 2.48% | 1.83% | 4.24% | 4.05% | 1.41% |
Drawdowns
XMVM vs. MDYV - Drawdown Comparison
The maximum XMVM drawdown since its inception was -62.83%, roughly equal to the maximum MDYV drawdown of -60.70%. Use the drawdown chart below to compare losses from any high point for XMVM and MDYV. For additional features, visit the drawdowns tool.
Volatility
XMVM vs. MDYV - 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 Value ETF (MDYV) at 5.59%. This indicates that XMVM's price experiences larger fluctuations and is considered to be riskier than MDYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.