XMVM vs. SEIM

Last updated Aug 4, 2026

XMVM (Invesco S&P MidCap Value with Momentum ETF) and SEIM (SEI Enhanced US Large Cap Momentum Factor ETF) are both Momentum funds. XMVM is passively managed, while SEIM is actively managed. Over the past 3 years, XMVM returned 18.08%/yr vs 27.75%/yr for SEIM. Their 0.65 correlation means they have sometimes moved together and sometimes differently. XMVM charges 0.39%/yr vs 0.15%/yr for SEIM.

Performance

XMVM vs. SEIM - 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 SEI Enhanced US Large Cap Momentum Factor ETF (SEIM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XMVM achieves a 18.13% return, which is significantly higher than SEIM's 17.03% return.

XMVM

• 1D: 0.59%
• 1M: 5.73%
• 6M: 13.53%
• YTD: 18.13%
• 1Y: 39.09%
• 3Y*: 18.08%
• 5Y*: 12.87%
• 10Y*: 12.28%
• ALL TIME*: 9.73%

SEIM

• 1D: 1.53%
• 1M: -0.64%
• 6M: 12.02%
• YTD: 17.03%
• 1Y: 27.69%
• 3Y*: 27.75%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	$5.96M	$7.05M	$5.21M
XMVM Invesco S&P MidCap Value with Momentum ETF	$2.19M	$2.07M	$1.98M

XMVM vs. SEIM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XMVM Invesco S&P MidCap Value with Momentum ETF	18.13%	18.46%	11.73%	16.31%	-0.72%
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	17.03%	20.20%	39.12%	16.25%	-5.62%

Correlation

The correlation between XMVM and SEIM is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (3Y) Balances recent behavior with more history.	0.54
Correlation (All Time) Calculated using the full available price history since May 18, 2022	0.65

Over the past year, the correlation between XMVM and SEIM has dropped to 0.41 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

XMVM vs. SEIM - Sectors Allocation Comparison

Sectors	XMVM	SEIM
Financial Services	37.9%	8.1%
Consumer Cyclical	14.8%	7.2%
Energy	13.5%	11.8%
Industrials	11.7%	3.4%
Utilities	8.5%	2.4%
Technology	5.1%	29.5%
Real Estate	4.9%	7.2%
Healthcare	2.5%	9.5%
Consumer Defensive	1.2%	7.9%
Communication Services	0.9%	4.4%
Basic Materials	0.8%	8.1%

Return for Risk

XMVM vs. SEIM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XMVM

XMVM Risk / Return Rank: 92
XMVM Sharpe Ratio Rank: 94
XMVM Sortino Ratio Rank: 94
XMVM Omega Ratio Rank: 93
XMVM Calmar Ratio Rank: 92
XMVM Martin Ratio Rank: 88

SEIM

SEIM Risk / Return Rank: 66
SEIM Sharpe Ratio Rank: 61
SEIM Sortino Ratio Rank: 60
SEIM Omega Ratio Rank: 58
SEIM Calmar Ratio Rank: 76
SEIM Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XMVM vs. SEIM - 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 SEI Enhanced US Large Cap Momentum Factor ETF (SEIM). 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.

	XMVM	SEIM	Difference
Sharpe ratio: Return per unit of total volatility	2.67	1.50	+1.18
Sortino ratio: Return per unit of downside risk	3.84	2.11	+1.73
Omega ratio: Gain probability vs. loss probability	1.48	1.26	+0.21
Calmar ratio: Return relative to maximum drawdown	4.28	2.76	+1.52
Martin ratio: Return relative to average drawdown	13.71	10.01	+3.71

XMVM vs. SEIM - Sharpe Ratio Comparison

The current XMVM Sharpe Ratio is 2.67, which is higher than the SEIM Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of XMVM and SEIM, 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

XMVM vs. SEIM - Drawdown Comparison

The maximum XMVM drawdown since its inception was -62.83%, which is greater than SEIM's maximum drawdown of -22.17%. Use the drawdown chart below to compare losses from any high point for XMVM and SEIM.

Drawdown Indicators

	XMVM	SEIM	Difference
Max Drawdown Largest peak-to-trough decline	-62.83%	-22.17%	-40.66%
Max Drawdown (1Y) Largest decline over 1 year	-9.18%	-10.07%	+0.89%
Max Drawdown (3Y) Largest decline over 3 years	-24.12%	-22.17%	-1.95%
Max Drawdown (5Y) Largest decline over 5 years	-24.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.07%	—	—
Current Drawdown Current decline from peak	-0.12%	-4.04%	+3.92%
Average Drawdown Average peak-to-trough decline	-10.19%	-3.97%	-6.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	2.77%	+0.09%

Volatility

XMVM vs. SEIM - Volatility Comparison

The current volatility for Invesco S&P MidCap Value with Momentum ETF (XMVM) is 3.30%, while SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) has a volatility of 6.28%. This indicates that XMVM experiences smaller price fluctuations and is considered to be less risky than SEIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMVM	SEIM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.30%	6.28%	-2.98%
Volatility (6M) Calculated over the trailing 6-month period	9.25%	15.64%	-6.39%
Volatility (1Y) Calculated over the trailing 1-year period	14.72%	18.63%	-3.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.24%	19.18%	+2.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.74%	19.18%	+3.56%

XMVM vs. SEIM - Expense Ratio Comparison

XMVM has a 0.39% expense ratio, which is higher than SEIM's 0.15% expense ratio.

Dividends

XMVM vs. SEIM - Dividend Comparison

XMVM's dividend yield for the trailing twelve months is around 1.78%, more than SEIM's 0.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	0.54%	0.56%	0.48%	0.89%	1.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XMVM Invesco S&P MidCap Value with Momentum ETF	1.78%	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 SEIM in my portfolio?

XMVM and SEIM have a correlation of 0.41, 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 SEIM?

SEIM has higher volatility (6.28%) compared to XMVM (3.30%). In terms of maximum drawdown, XMVM dropped -62.83% vs SEIM's -22.17%.

Which ETF is better, XMVM or SEIM?

On 3-year performance, SEIM leads with 27.75% vs 18.08% for XMVM. On fees, SEIM is cheaper at 0.15% per year. On volatility, XMVM has been the lower-risk option at 3.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XMVM or SEIM?

Over the 3-year period, SEIM has performed better with a 27.75% return vs 18.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XMVM or SEIM?

SEIM is cheaper with a 0.15% expense ratio, compared with 0.39% for XMVM.

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

XMVM has the higher dividend yield at 1.78%, compared with 0.54% for SEIM.

What is the main difference between XMVM and SEIM?

They also come from different issuers: Invesco and SEI. Their fees differ too: 0.39% for XMVM and 0.15% for SEIM.

Which has better risk-adjusted returns?

XMVM currently has the higher Sharpe Ratio (2.67 vs 1.50), 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.