XSMO vs. BTC-USD
XSMO (Invesco S&P SmallCap Momentum ETF) is Momentum fund tracking the S&P SmallCap 600 Momentum Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, XSMO returned 14.00%/yr vs 58.50%/yr for BTC-USD. At a 0.13 correlation, their price movements are largely independent.
Performance
XSMO vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, XSMO achieves a 20.97% return, which is significantly higher than BTC-USD's -25.13% return. Over the past 10 years, XSMO has underperformed BTC-USD with an annualized return of 14.00%, while BTC-USD has yielded a comparatively higher 58.50% annualized return.
XSMO
- 1D
- -1.04%
- 1M
- -3.34%
- 6M
- 12.58%
- YTD
- 20.97%
- 1Y
- 27.72%
- 3Y*
- 21.43%
- 5Y*
- 11.45%
- 10Y*
- 14.00%
- ALL TIME*
- 9.11%
BTC-USD
- 1D
- 1.28%
- 1M
- 2.00%
- 6M
- -29.23%
- YTD
- -25.13%
- 1Y
- -44.16%
- 3Y*
- 29.87%
- 5Y*
- 15.31%
- 10Y*
- 58.50%
- ALL TIME*
- 89.00%
XSMO vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XSMO Invesco S&P SmallCap Momentum ETF | 20.97% | 9.80% | 17.45% | 21.55% | -15.44% | 19.24% | 21.96% | 28.65% | -3.44% | 23.95% |
BTC-USD Bitcoin | -25.13% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between XSMO and BTC-USD is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2012 | 0.13 |
The correlation between XSMO and BTC-USD shifts across timeframes, from 0.13 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XSMO vs. BTC-USD — Risk / Return Rank
XSMO
BTC-USD
XSMO vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Momentum ETF (XSMO) and Bitcoin (BTC-USD). 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.
| XSMO | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.45 | ||
| Sortino ratioReturn per unit of downside risk | +3.64 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.85 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | -0.83 | +3.96 |
| Martin ratioReturn relative to average drawdown | 9.77 | -1.32 | +11.10 |
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Drawdowns
XSMO vs. BTC-USD - Drawdown Comparison
The maximum XSMO drawdown since its inception was -58.06%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for XSMO and BTC-USD.
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Drawdown Indicators
| XSMO | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -85.30% | +27.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -53.08% | +44.19% |
Max Drawdown (3Y)Largest decline over 3 years | -24.76% | -53.08% | +28.32% |
Max Drawdown (5Y)Largest decline over 5 years | -29.62% | -76.67% | +47.05% |
Max Drawdown (10Y)Largest decline over 10 years | -39.39% | -83.80% | +44.41% |
Current DrawdownCurrent decline from peak | -7.24% | -47.48% | +40.24% |
Average DrawdownAverage peak-to-trough decline | -11.08% | -42.61% | +31.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 27.88% | -25.04% |
Volatility
XSMO vs. BTC-USD - Volatility Comparison
The current volatility for Invesco S&P SmallCap Momentum ETF (XSMO) is 5.41%, while Bitcoin (BTC-USD) has a volatility of 9.37%. This indicates that XSMO experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSMO | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 9.37% | -3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 15.27% | 34.93% | -19.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.59% | 35.76% | -16.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 43.93% | -21.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.11% | 56.33% | -32.22% |
Frequently Asked Questions
XSMO and BTC-USD have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (9.37%) compared to XSMO (5.41%). In terms of maximum drawdown, XSMO dropped -58.06% vs BTC-USD's -85.30%.
XSMO currently has the higher Sharpe Ratio (1.42 vs -1.03), 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.
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