XSMO vs. ONEV
Compare and contrast key facts about Invesco S&P SmallCap Momentum ETF (XSMO) and SPDR Russell 1000 Low Volatility Focus ETF (ONEV).
XSMO and ONEV 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. ONEV is a passively managed fund by State Street that tracks the performance of the Russell 1000 Low Volatility Focused Factor (TR). It was launched on Dec 2, 2015. Both XSMO and ONEV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XSMO or ONEV.
Key characteristics
| XSMO | ONEV | |
|---|---|---|
| YTD Return | 5.78% | 4.83% |
| 1Y Return | 36.01% | 16.70% |
| 3Y Return (Ann) | 6.44% | 5.83% |
| 5Y Return (Ann) | 10.97% | 11.06% |
| Sharpe Ratio | 1.88 | 1.43 |
| Daily Std Dev | 18.77% | 11.46% |
| Max Drawdown | -58.07% | -39.72% |
| Current Drawdown | -0.88% | -3.76% |
Correlation
The correlation between XSMO and ONEV is 0.71, 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.
Performance
XSMO vs. ONEV - Performance Comparison
In the year-to-date period, XSMO achieves a 5.78% return, which is significantly higher than ONEV's 4.83% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XSMO vs. ONEV - Expense Ratio Comparison
XSMO has a 0.39% expense ratio, which is higher than ONEV's 0.20% expense ratio.
Risk-Adjusted Performance
XSMO vs. ONEV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Momentum ETF (XSMO) and SPDR Russell 1000 Low Volatility Focus ETF (ONEV). 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.
Dividends
XSMO vs. ONEV - Dividend Comparison
XSMO's dividend yield for the trailing twelve months is around 0.69%, less than ONEV's 1.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSMO Invesco S&P SmallCap Momentum ETF | 0.69% | 0.96% | 1.19% | 0.30% | 0.82% | 0.69% | 0.66% | 0.27% | 0.30% | 0.35% | 1.31% | 0.91% |
ONEV SPDR Russell 1000 Low Volatility Focus ETF | 1.75% | 1.79% | 1.80% | 1.44% | 1.87% | 2.07% | 2.14% | 6.91% | 2.02% | 0.08% | 0.00% | 0.00% |
Drawdowns
XSMO vs. ONEV - Drawdown Comparison
The maximum XSMO drawdown since its inception was -58.07%, which is greater than ONEV's maximum drawdown of -39.72%. Use the drawdown chart below to compare losses from any high point for XSMO and ONEV. For additional features, visit the drawdowns tool.
Volatility
XSMO vs. ONEV - Volatility Comparison
Invesco S&P SmallCap Momentum ETF (XSMO) has a higher volatility of 5.74% compared to SPDR Russell 1000 Low Volatility Focus ETF (ONEV) at 3.41%. This indicates that XSMO's price experiences larger fluctuations and is considered to be riskier than ONEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.