PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XMVM vs. VOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMVM vs. VOO

Last updated Jul 14, 2026
Documentation

XMVM (Invesco S&P MidCap Value with Momentum ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - XMVM is a Momentum fund tracking the S&P MidCap 400 High Momentum Value Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, XMVM returned 11.89%/yr vs 15.16%/yr for VOO. A 0.76 correlation means they provide meaningful diversification when combined. XMVM charges 0.39%/yr vs 0.03%/yr for VOO.

Performance

XMVM vs. VOO - 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 Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XMVM achieves a 13.96% return, which is significantly higher than VOO's 10.45% return. Over the past 10 years, XMVM has underperformed VOO with an annualized return of 11.89%, while VOO has yielded a comparatively higher 15.16% annualized return.

XMVM

1D
0.75%
1M
1.62%
6M
10.96%
YTD
13.96%
1Y
28.58%
3Y*
17.86%
5Y*
12.30%
10Y*
11.89%

VOO

1D
-0.77%
1M
1.25%
6M
8.34%
YTD
10.45%
1Y
21.53%
3Y*
20.16%
5Y*
13.01%
10Y*
15.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XMVM vs. VOO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XMVM
Invesco S&P MidCap Value with Momentum ETF		13.96%18.46%11.73%16.31%-8.21%35.15%5.68%30.38%-9.62%2.79%
VOO
Vanguard S&P 500 ETF		10.45%17.82%24.98%26.32%-18.17%28.79%18.32%31.37%-4.50%21.77%

Correlation

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

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.47

Correlation (3Y)
Calculated over the trailing 3-year period

0.63

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.71

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2010

0.76

Over the past year, the correlation between XMVM and VOO has dropped to 0.47 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

XMVM vs. VOO - Sectors Allocation Comparison

Sectors
XMVM
VOO

Financial Services

41.9%
10.9%

Consumer Cyclical

15.0%
9.8%

Utilities

9.5%
2.5%

Industrials

8.8%
7.4%

Energy

8.0%
3.2%

Consumer Defensive

7.1%
4.5%

Real Estate

4.2%
1.8%

Technology

4.0%
39.2%

Communication Services

0.9%
10.3%

Basic Materials

0.8%
1.8%

Healthcare

0.7%
8.3%

Financial Services

XMVM
41.9%
VOO
10.9%

Consumer Cyclical

XMVM
15.0%
VOO
9.8%

Utilities

XMVM
9.5%
VOO
2.5%

Industrials

XMVM
8.8%
VOO
7.4%

Energy

XMVM
8.0%
VOO
3.2%

Consumer Defensive

XMVM
7.1%
VOO
4.5%

Real Estate

XMVM
4.2%
VOO
1.8%

Technology

XMVM
4.0%
VOO
39.2%

Communication Services

XMVM
0.9%
VOO
10.3%

Basic Materials

XMVM
0.8%
VOO
1.8%

Healthcare

XMVM
0.7%
VOO
8.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P MidCap Value with Momentum ETF

Vanguard S&P 500 ETF

Often compared with XMVM:
XMVM vs. AVUVXMVM vs. MDYXMVM vs. RFVXMVM vs. RWKXMVM vs. SYLDXMVM vs. MDYVXMVM vs. MDYG
Often compared with VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. FXAIXVOO vs. SPYVOO vs. VGT

Return for Risk

XMVM vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMVM
XMVM Risk / Return Rank: 7575
Overall Rank
XMVM Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
XMVM Sortino Ratio Rank: 7979
Sortino Ratio Rank
XMVM Omega Ratio Rank: 7474
Omega Ratio Rank
XMVM Calmar Ratio Rank: 7676
Calmar Ratio Rank
XMVM Martin Ratio Rank: 6868
Martin Ratio Rank
VOO
VOO Risk / Return Rank: 6666
Overall Rank
VOO Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 6565
Sortino Ratio Rank
VOO Omega Ratio Rank: 6666
Omega Ratio Rank
VOO Calmar Ratio Rank: 6161
Calmar Ratio Rank
VOO Martin Ratio Rank: 7272
Martin Ratio Rank
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. VOO - 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 Vanguard S&P 500 ETF (VOO). 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.

XMVMVOODifference
Sharpe ratioReturn per unit of total volatility
1.92
1.73

+0.19

Sortino ratioReturn per unit of downside risk
2.79
2.39

+0.40

Omega ratioGain probability vs. loss probability

1.34

1.31

+0.03

Calmar ratioReturn relative to maximum drawdown

3.13

2.43

+0.70

Martin ratioReturn relative to average drawdown

9.74

10.60

-0.85

XMVM vs. VOO - Sharpe Ratio Comparison

The current XMVM Sharpe Ratio is 1.92, which is comparable to the VOO Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of XMVM and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

XMVM vs. VOO - Drawdown Comparison

The maximum XMVM drawdown since its inception was -62.83%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for XMVM and VOO.

Loading charts...

Drawdown Indicators

XMVMVOODifference

Max Drawdown

Largest peak-to-trough decline

-62.83%

-33.99%

-28.84%

Max Drawdown (1Y)

Largest decline over 1 year

-9.18%

-8.90%

-0.28%

Max Drawdown (3Y)

Largest decline over 3 years

-24.12%

-18.69%

-5.43%

Max Drawdown (5Y)

Largest decline over 5 years

-24.12%

-24.52%

+0.40%

Max Drawdown (10Y)

Largest decline over 10 years

-45.07%

-33.99%

-11.08%

Current Drawdown

Current decline from peak

0.00%

-1.11%

+1.11%

Average Drawdown

Average peak-to-trough decline

-10.22%

-3.68%

-6.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.94%

2.04%

+0.90%

Volatility

XMVM vs. VOO - Volatility Comparison

The current volatility for Invesco S&P MidCap Value with Momentum ETF (XMVM) is 3.26%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.16%. This indicates that XMVM experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XMVMVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.26%

4.16%

-0.90%

Volatility (6M)

Calculated over the trailing 6-month period

9.45%

9.97%

-0.52%

Volatility (1Y)

Calculated over the trailing 1-year period

14.97%

12.53%

+2.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.35%

16.93%

+4.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.74%

18.00%

+4.74%

XMVM vs. VOO - Expense Ratio Comparison

XMVM has a 0.39% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

XMVM vs. VOO - Dividend Comparison

XMVM's dividend yield for the trailing twelve months is around 1.84%, more than VOO's 1.07% yield.

PositionTTM20252024202320222021202020192018201720162015
VOO
Vanguard S&P 500 ETF		1.07%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%
XMVM
Invesco S&P MidCap Value with Momentum ETF		1.84%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

XMVM and VOO 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.

VOO has higher volatility (4.16%) compared to XMVM (3.26%). In terms of maximum drawdown, XMVM dropped -62.83% vs VOO's -33.99%.

On 10-year performance, VOO leads with 15.16% vs 11.89% for XMVM. On fees, VOO is cheaper at 0.03% per year. On volatility, XMVM has been the lower-risk option at 3.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VOO has performed better with a 15.16% return vs 11.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VOO is cheaper with a 0.03% expense ratio, compared with 0.39% for XMVM.

XMVM has the higher dividend yield at 1.84%, compared with 1.07% for VOO.

XMVM is categorized as Momentum, while VOO is S&P 500. XMVM tracks S&P MidCap 400 High Momentum Value Index, while VOO tracks S&P 500 Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.39% for XMVM and 0.03% for VOO.

XMVM currently has the higher Sharpe Ratio (1.92 vs 1.73), 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.

Portfolio Optimizer

Find the right allocation for XMVM and VOO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer