XSMO vs. MMSC
Compare and contrast key facts about Invesco S&P SmallCap Momentum ETF (XSMO) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC).
XSMO and MMSC 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. MMSC is an actively managed fund by First Trust. It was launched on Oct 13, 2021.
Performance
XSMO vs. MMSC - Performance Comparison
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XSMO vs. MMSC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XSMO Invesco S&P SmallCap Momentum ETF | 7.05% | 9.80% | 17.45% | 21.55% | -15.44% | 3.54% |
MMSC First Trust Multi-Manager Small Cap Opportunities ETF | 0.11% | 15.45% | 22.19% | 18.76% | -30.98% | 1.01% |
Returns By Period
In the year-to-date period, XSMO achieves a 7.05% return, which is significantly higher than MMSC's 0.11% 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%
MMSC
- 1D
- 1.11%
- 1M
- -6.37%
- YTD
- 0.11%
- 6M
- 2.53%
- 1Y
- 31.64%
- 3Y*
- 16.84%
- 5Y*
- —
- 10Y*
- —
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XSMO vs. MMSC - Expense Ratio Comparison
XSMO has a 0.39% expense ratio, which is lower than MMSC's 0.95% expense ratio.
Return for Risk
XSMO vs. MMSC — Risk / Return Rank
XSMO
MMSC
XSMO vs. MMSC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Momentum ETF (XSMO) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC). 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 | MMSC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.20 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.59 | 1.75 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.25 | -0.50 |
Martin ratioReturn relative to average drawdown | 7.23 | 7.91 | -0.68 |
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 | MMSC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.20 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | — | — |
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 | 0.15 | +0.22 |
Correlation
The correlation between XSMO and MMSC is 0.87, 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. MMSC - Dividend Comparison
XSMO's dividend yield for the trailing twelve months is around 0.60%, while MMSC has not paid dividends to shareholders.
| 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% |
MMSC First Trust Multi-Manager Small Cap Opportunities ETF | 0.00% | 0.00% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XSMO vs. MMSC - Drawdown Comparison
The maximum XSMO drawdown since its inception was -58.06%, which is greater than MMSC's maximum drawdown of -40.82%. Use the drawdown chart below to compare losses from any high point for XSMO and MMSC.
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Drawdown Indicators
| XSMO | MMSC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -40.82% | -17.24% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -14.17% | +0.75% |
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 | -4.59% | -8.96% | +4.37% |
Average DrawdownAverage peak-to-trough decline | -11.21% | -19.43% | +8.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 4.02% | -0.78% |
Volatility
XSMO vs. MMSC - Volatility Comparison
The current volatility for Invesco S&P SmallCap Momentum ETF (XSMO) is 7.71%, while First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) has a volatility of 9.83%. This indicates that XSMO experiences smaller price fluctuations and is considered to be less risky than MMSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSMO | MMSC | 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% | 18.10% | -4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.11% | 26.45% | -4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.87% | 24.53% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.05% | 24.53% | -0.48% |