XSMO vs. DFAS
Compare and contrast key facts about Invesco S&P SmallCap Momentum ETF (XSMO) and Dimensional U.S. Small Cap ETF (DFAS).
XSMO and DFAS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DFAS is an actively managed fund by Dimensional. It was launched on Jun 14, 2021.
Performance
XSMO vs. DFAS - Performance Comparison
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XSMO vs. DFAS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XSMO Invesco S&P SmallCap Momentum ETF | 5.74% | 9.80% | 17.45% | 21.55% | -15.44% | 4.94% |
DFAS Dimensional U.S. Small Cap ETF | 2.33% | 8.17% | 10.21% | 17.83% | -13.84% | 4.94% |
Returns By Period
In the year-to-date period, XSMO achieves a 5.74% return, which is significantly higher than DFAS's 2.33% return.
XSMO
- 1D
- 3.44%
- 1M
- -4.59%
- YTD
- 5.74%
- 6M
- 3.65%
- 1Y
- 21.94%
- 3Y*
- 18.88%
- 5Y*
- 8.42%
- 10Y*
- 13.59%
DFAS
- 1D
- 2.80%
- 1M
- -5.04%
- YTD
- 2.33%
- 6M
- 4.44%
- 1Y
- 20.32%
- 3Y*
- 11.67%
- 5Y*
- —
- 10Y*
- —
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XSMO vs. DFAS - Expense Ratio Comparison
XSMO has a 0.39% expense ratio, which is higher than DFAS's 0.34% expense ratio.
Return for Risk
XSMO vs. DFAS — Risk / Return Rank
XSMO
DFAS
XSMO vs. DFAS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Momentum ETF (XSMO) and Dimensional U.S. Small Cap ETF (DFAS). 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 | DFAS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.93 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.45 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.45 | +0.46 |
Martin ratioReturn relative to average drawdown | 7.96 | 5.76 | +2.20 |
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 | DFAS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.93 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.27 | +0.09 |
Correlation
The correlation between XSMO and DFAS is 0.94, 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. DFAS - Dividend Comparison
XSMO's dividend yield for the trailing twelve months is around 0.61%, less than DFAS's 1.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSMO Invesco S&P SmallCap Momentum ETF | 0.61% | 0.75% | 0.63% | 0.96% | 1.19% | 0.30% | 0.82% | 0.69% | 0.66% | 0.27% | 0.30% | 0.35% |
DFAS Dimensional U.S. Small Cap ETF | 1.02% | 0.99% | 0.93% | 1.00% | 1.03% | 2.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XSMO vs. DFAS - Drawdown Comparison
The maximum XSMO drawdown since its inception was -58.06%, which is greater than DFAS's maximum drawdown of -26.13%. Use the drawdown chart below to compare losses from any high point for XSMO and DFAS.
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Drawdown Indicators
| XSMO | DFAS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -26.13% | -31.93% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -14.08% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -29.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.39% | — | — |
Current DrawdownCurrent decline from peak | -5.75% | -6.67% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -11.21% | -8.55% | -2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 3.54% | -0.31% |
Volatility
XSMO vs. DFAS - Volatility Comparison
Invesco S&P SmallCap Momentum ETF (XSMO) has a higher volatility of 7.68% compared to Dimensional U.S. Small Cap ETF (DFAS) at 6.21%. This indicates that XSMO's price experiences larger fluctuations and is considered to be riskier than DFAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSMO | DFAS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 6.21% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 13.58% | 12.67% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.28% | 21.96% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.88% | 21.03% | +1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.05% | 21.03% | +3.02% |