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 15.17%/yr vs 57.32%/yr for BTC-USD. At a 0.12 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 24.80% return, which is significantly higher than BTC-USD's -27.32% return. Over the past 10 years, XSMO has underperformed BTC-USD with an annualized return of 15.17%, while BTC-USD has yielded a comparatively higher 57.32% annualized return.
XSMO
- 1D
- 1.22%
- 1M
- 4.39%
- YTD
- 24.80%
- 6M
- 20.56%
- 1Y
- 35.19%
- 3Y*
- 24.32%
- 5Y*
- 11.65%
- 10Y*
- 15.17%
BTC-USD
- 1D
- 0.05%
- 1M
- -19.79%
- YTD
- -27.32%
- 6M
- -29.56%
- 1Y
- -39.85%
- 3Y*
- 34.86%
- 5Y*
- 10.27%
- 10Y*
- 57.32%
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 | 24.80% | 9.80% | 17.45% | 21.55% | -15.44% | 19.24% | 21.96% | 28.65% | -3.44% | 23.95% |
BTC-USD Bitcoin | -27.32% | -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 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2012 | 0.13 |
Over the past year, XSMO and BTC-USD have become more correlated (0.35) than their long-term average of 0.12, meaning their price movements have been converging.
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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 | +2.75 | ||
| Sortino ratioReturn per unit of downside risk | +3.92 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.87 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | -0.78 | +4.75 |
| Martin ratioReturn relative to average drawdown | 13.44 | -1.36 | +14.81 |
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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% | -51.21% | +42.32% |
Max Drawdown (3Y)Largest decline over 3 years | -24.76% | -51.21% | +26.45% |
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 | 0.00% | -49.01% | +49.01% |
Average DrawdownAverage peak-to-trough decline | -11.12% | -42.35% | +31.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 35.02% | -32.39% |
Volatility
XSMO vs. BTC-USD - Volatility Comparison
The current volatility for Invesco S&P SmallCap Momentum ETF (XSMO) is 7.71%, while Bitcoin (BTC-USD) has a volatility of 12.11%. 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 | 7.71% | 12.11% | -4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 14.99% | 34.59% | -19.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.42% | 35.62% | -16.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.63% | 44.71% | -22.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.15% | 56.62% | -32.47% |
Frequently Asked Questions
XSMO and BTC-USD have a correlation of 0.35, 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 (12.11%) compared to XSMO (7.71%). In terms of maximum drawdown, XSMO dropped -58.06% vs BTC-USD's -85.30%.
XSMO currently has the higher Sharpe Ratio (1.82 vs -0.93), 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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