XSMO vs. ASMOX
Compare and contrast key facts about Invesco S&P SmallCap Momentum ETF (XSMO) and AQR Small Cap Momentum Style Fund (ASMOX).
XSMO is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Index. It was launched on Mar 3, 2005. ASMOX is managed by AQR Funds. It was launched on Jul 9, 2009.
Performance
XSMO vs. ASMOX - Performance Comparison
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XSMO vs. ASMOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XSMO Invesco S&P SmallCap Momentum ETF | 7.05% | 9.80% | 17.45% | 21.55% | -15.44% | 19.24% | 21.96% | 28.65% | -3.44% | 23.95% |
ASMOX AQR Small Cap Momentum Style Fund | 1.25% | 16.87% | 16.54% | 18.37% | -19.56% | 15.37% | 25.76% | 26.47% | -12.14% | 17.43% |
Returns By Period
In the year-to-date period, XSMO achieves a 7.05% return, which is significantly higher than ASMOX's 1.25% return. Over the past 10 years, XSMO has outperformed ASMOX with an annualized return of 13.73%, while ASMOX has yielded a comparatively lower 11.41% annualized return.
XSMO
- 1D
- 1.24%
- 1M
- -4.33%
- YTD
- 7.05%
- 6M
- 4.97%
- 1Y
- 23.58%
- 3Y*
- 19.37%
- 5Y*
- 8.69%
- 10Y*
- 13.73%
ASMOX
- 1D
- 4.56%
- 1M
- -6.72%
- YTD
- 1.25%
- 6M
- -0.36%
- 1Y
- 30.76%
- 3Y*
- 17.47%
- 5Y*
- 6.05%
- 10Y*
- 11.41%
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XSMO vs. ASMOX - Expense Ratio Comparison
XSMO has a 0.39% expense ratio, which is lower than ASMOX's 0.61% expense ratio.
Return for Risk
XSMO vs. ASMOX — Risk / Return Rank
XSMO
ASMOX
XSMO vs. ASMOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Momentum ETF (XSMO) and AQR Small Cap Momentum Style Fund (ASMOX). 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.
| XSMO | ASMOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.16 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.59 | 1.69 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.26 | -0.51 |
Martin ratioReturn relative to average drawdown | 7.23 | 6.77 | +0.46 |
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
| XSMO | ASMOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.16 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.22 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.43 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.48 | -0.12 |
Correlation
The correlation between XSMO and ASMOX is 0.90, 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
XSMO vs. ASMOX - Dividend Comparison
XSMO's dividend yield for the trailing twelve months is around 0.60%, less than ASMOX's 8.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSMO Invesco S&P SmallCap Momentum ETF | 0.60% | 0.75% | 0.63% | 0.96% | 1.19% | 0.30% | 0.82% | 0.69% | 0.66% | 0.27% | 0.30% | 0.35% |
ASMOX AQR Small Cap Momentum Style Fund | 8.02% | 8.12% | 18.80% | 3.92% | 0.57% | 24.81% | 5.46% | 4.38% | 29.63% | 9.90% | 0.79% | 1.23% |
Drawdowns
XSMO vs. ASMOX - Drawdown Comparison
The maximum XSMO drawdown since its inception was -58.06%, which is greater than ASMOX's maximum drawdown of -42.16%. Use the drawdown chart below to compare losses from any high point for XSMO and ASMOX.
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Drawdown Indicators
| XSMO | ASMOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -42.16% | -15.90% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -13.69% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -29.62% | -40.32% | +10.70% |
Max Drawdown (10Y)Largest decline over 10 years | -39.39% | -42.16% | +2.77% |
Current DrawdownCurrent decline from peak | -4.59% | -9.76% | +5.17% |
Average DrawdownAverage peak-to-trough decline | -11.21% | -10.63% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 4.57% | -1.33% |
Volatility
XSMO vs. ASMOX - Volatility Comparison
The current volatility for Invesco S&P SmallCap Momentum ETF (XSMO) is 7.71%, while AQR Small Cap Momentum Style Fund (ASMOX) has a volatility of 9.83%. This indicates that XSMO experiences smaller price fluctuations and is considered to be less risky than ASMOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSMO | ASMOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.71% | 9.83% | -2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 13.63% | 19.35% | -5.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.11% | 26.96% | -4.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.87% | 28.04% | -5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.05% | 26.49% | -2.44% |