XMVM vs. SMOM

Last updated Jun 24, 2026

XMVM (Invesco S&P MidCap Value with Momentum ETF) and SMOM (Symmetry Panoramic Sector Momentum ETF) are both exchange-traded funds - XMVM is a Momentum fund tracking the S&P MidCap 400 High Momentum Value Index, while SMOM is a Large Cap Blend Equities fund actively managed by Symmetry Partners. XMVM is passively managed, while SMOM is actively managed. At a 0.47 correlation, their price movements are largely independent. XMVM charges 0.39%/yr vs 0.63%/yr for SMOM.

Performance

XMVM vs. SMOM - 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 Symmetry Panoramic Sector Momentum ETF (SMOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XMVM achieves a 10.77% return, which is significantly higher than SMOM's 7.03% return.

XMVM

• 1D: 0.27%
• 1M: 2.58%
• YTD: 10.77%
• 6M: 8.75%
• 1Y: 30.72%
• 3Y*: 18.96%
• 5Y*: 11.21%
• 10Y*: 12.13%

SMOM

• 1D: -1.16%
• 1M: -0.47%
• YTD: 7.03%
• 6M: 6.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XMVM vs. SMOM - Yearly Performance Comparison

	2026 (YTD)	2025
XMVM Invesco S&P MidCap Value with Momentum ETF	10.77%	3.43%
SMOM Symmetry Panoramic Sector Momentum ETF	7.03%	2.78%

Correlation

The correlation between XMVM and SMOM is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025	0.47

Return for Risk

XMVM vs. SMOM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XMVM

XMVM Risk / Return Rank: 65
XMVM Sharpe Ratio Rank: 65
XMVM Sortino Ratio Rank: 67
XMVM Omega Ratio Rank: 63
XMVM Calmar Ratio Rank: 71
XMVM Martin Ratio Rank: 61

SMOM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XMVM vs. SMOM - 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 Symmetry Panoramic Sector Momentum ETF (SMOM). 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	SMOM	Difference
Sharpe ratio: Return per unit of total volatility	2.03	—	—
Sortino ratio: Return per unit of downside risk	2.92	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	3.36	—	—
Martin ratio: Return relative to average drawdown	10.39	—	—

Drawdowns

XMVM vs. SMOM - Drawdown Comparison

The maximum XMVM drawdown since its inception was -62.83%, which is greater than SMOM's maximum drawdown of -7.45%. Use the drawdown chart below to compare losses from any high point for XMVM and SMOM.

Drawdown Indicators

	XMVM	SMOM	Difference
Max Drawdown Largest peak-to-trough decline	-62.83%	-7.45%	-55.38%
Max Drawdown (1Y) Largest decline over 1 year	-9.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.12%	—	—
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	-1.22%	-2.54%	+1.32%
Average Drawdown Average peak-to-trough decline	-10.25%	-1.49%	-8.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	—	—

Volatility

Volatility by Period

	XMVM	SMOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.26%	12.80%	+2.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.45%	12.80%	+8.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.81%	12.80%	+10.01%

XMVM vs. SMOM - Expense Ratio Comparison

XMVM has a 0.39% expense ratio, which is lower than SMOM's 0.63% expense ratio.

Dividends

XMVM vs. SMOM - Dividend Comparison

XMVM's dividend yield for the trailing twelve months is around 1.89%, more than SMOM's 0.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SMOM Symmetry Panoramic Sector Momentum ETF	0.15%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XMVM Invesco S&P MidCap Value with Momentum ETF	1.89%	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 SMOM in my portfolio?

XMVM and SMOM have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XMVM or SMOM?

On fees, XMVM is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XMVM or SMOM?

XMVM is cheaper with a 0.39% expense ratio, compared with 0.63% for SMOM.

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

XMVM has the higher dividend yield at 1.89%, compared with 0.15% for SMOM.

What is the main difference between XMVM and SMOM?

XMVM is categorized as Momentum, while SMOM is Large Cap Blend Equities. They also come from different issuers: Invesco and Symmetry Partners. Their fees differ too: 0.39% for XMVM and 0.63% for SMOM.