XMVM vs. SMIG
Compare and contrast key facts about Invesco S&P MidCap Value with Momentum ETF (XMVM) and Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG).
XMVM and SMIG 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. SMIG is an actively managed fund by Bahl & Gaynor. It was launched on Aug 25, 2021.
Performance
XMVM vs. SMIG - Performance Comparison
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XMVM vs. SMIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XMVM Invesco S&P MidCap Value with Momentum ETF | 2.15% | 18.46% | 11.73% | 16.31% | -8.21% | 5.70% |
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 2.39% | 0.78% | 17.63% | 13.62% | -11.83% | 5.51% |
Returns By Period
In the year-to-date period, XMVM achieves a 2.15% return, which is significantly lower than SMIG's 2.39% return.
XMVM
- 1D
- 1.48%
- 1M
- -2.46%
- YTD
- 2.15%
- 6M
- 6.81%
- 1Y
- 26.23%
- 3Y*
- 16.45%
- 5Y*
- 9.64%
- 10Y*
- 11.62%
SMIG
- 1D
- 1.38%
- 1M
- -6.05%
- YTD
- 2.39%
- 6M
- 0.02%
- 1Y
- 4.80%
- 3Y*
- 10.18%
- 5Y*
- —
- 10Y*
- —
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XMVM vs. SMIG - Expense Ratio Comparison
XMVM has a 0.39% expense ratio, which is lower than SMIG's 0.60% expense ratio.
Return for Risk
XMVM vs. SMIG — Risk / Return Rank
XMVM
SMIG
XMVM vs. SMIG - 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 Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG). 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 | SMIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 0.30 | +0.95 |
Sortino ratioReturn per unit of downside risk | 1.85 | 0.54 | +1.30 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.07 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.96 | 0.44 | +1.52 |
Martin ratioReturn relative to average drawdown | 7.24 | 1.44 | +5.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XMVM | SMIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.30 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.34 | +0.07 |
Correlation
The correlation between XMVM and SMIG is 0.88, 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.
Dividends
XMVM vs. SMIG - Dividend Comparison
XMVM's dividend yield for the trailing twelve months is around 2.07%, more than SMIG's 1.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMVM Invesco S&P MidCap Value with Momentum ETF | 2.07% | 2.07% | 1.43% | 1.57% | 1.76% | 1.10% | 1.37% | 1.73% | 2.87% | 2.22% | 2.27% | 2.58% |
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 1.85% | 1.82% | 1.75% | 1.91% | 2.00% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XMVM vs. SMIG - Drawdown Comparison
The maximum XMVM drawdown since its inception was -62.83%, which is greater than SMIG's maximum drawdown of -19.65%. Use the drawdown chart below to compare losses from any high point for XMVM and SMIG.
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Drawdown Indicators
| XMVM | SMIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.83% | -19.65% | -43.18% |
Max Drawdown (1Y)Largest decline over 1 year | -13.61% | -11.92% | -1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -24.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.07% | — | — |
Current DrawdownCurrent decline from peak | -6.32% | -7.01% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -10.34% | -6.72% | -3.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 3.67% | +0.01% |
Volatility
XMVM vs. SMIG - Volatility Comparison
Invesco S&P MidCap Value with Momentum ETF (XMVM) has a higher volatility of 4.49% compared to Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) at 4.02%. This indicates that XMVM's price experiences larger fluctuations and is considered to be riskier than SMIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMVM | SMIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 4.02% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 11.40% | 8.36% | +3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.97% | 15.98% | +4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.79% | 16.33% | +5.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.81% | 16.33% | +6.48% |