XSMO vs. ONGIX

Last updated Jun 9, 2026

XSMO (Invesco S&P SmallCap Momentum ETF) and ONGIX (JPMorgan Investor Growth and Income Fund Class A) are both funds - XSMO is a Momentum fund tracking the S&P SmallCap 600 Momentum Index, while ONGIX is a Diversified Portfolio fund actively managed by JPMorgan. XSMO is passively managed, while ONGIX is actively managed. Over the past 10 years, XSMO returned 14.34%/yr vs 9.35%/yr for ONGIX. Their correlation of 0.82 suggests significant overlap in exposure. XSMO charges 0.36%/yr vs 0.95%/yr for ONGIX.

Performance

XSMO vs. ONGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Momentum ETF (XSMO) and JPMorgan Investor Growth and Income Fund Class A (ONGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSMO achieves a 20.54% return, which is significantly higher than ONGIX's 4.42% return. Over the past 10 years, XSMO has outperformed ONGIX with an annualized return of 14.34%, while ONGIX has yielded a comparatively lower 9.35% annualized return.

XSMO

• 1D: 0.66%
• 1M: -0.62%
• YTD: 20.54%
• 6M: 18.72%
• 1Y: 30.63%
• 3Y*: 23.23%
• 5Y*: 10.21%
• 10Y*: 14.34%

ONGIX

• 1D: -1.96%
• 1M: -0.59%
• YTD: 4.42%
• 6M: 4.77%
• 1Y: 14.56%
• 3Y*: 13.18%
• 5Y*: 6.80%
• 10Y*: 9.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XSMO vs. ONGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XSMO Invesco S&P SmallCap Momentum ETF	20.54%	9.80%	17.45%	21.55%	-15.44%	19.24%	21.96%	28.65%	-3.44%	23.95%
ONGIX JPMorgan Investor Growth and Income Fund Class A	4.42%	13.92%	11.36%	17.26%	-14.81%	14.68%	16.97%	20.64%	-6.57%	16.70%

Correlation

The correlation between XSMO and ONGIX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Mar 4, 2005	0.82

The correlation between XSMO and ONGIX has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.

Return for Risk

XSMO vs. ONGIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XSMO

XSMO Risk / Return Rank: 60
XSMO Sharpe Ratio Rank: 53
XSMO Sortino Ratio Rank: 54
XSMO Omega Ratio Rank: 49
XSMO Calmar Ratio Rank: 75
XSMO Martin Ratio Rank: 70

ONGIX

ONGIX Risk / Return Rank: 44
ONGIX Sharpe Ratio Rank: 43
ONGIX Sortino Ratio Rank: 42
ONGIX Omega Ratio Rank: 44
ONGIX Calmar Ratio Rank: 42
ONGIX Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XSMO vs. ONGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Momentum ETF (XSMO) and JPMorgan Investor Growth and Income Fund Class A (ONGIX). 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	ONGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.70	-0.08
Sortino ratio: Return per unit of downside risk	2.34	2.39	-0.05
Omega ratio: Gain probability vs. loss probability	1.28	1.32	-0.04
Calmar ratio: Return relative to maximum drawdown	3.46	2.20	+1.26
Martin ratio: Return relative to average drawdown	11.75	9.45	+2.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XSMO vs. ONGIX - Sharpe Ratio Comparison

The current XSMO Sharpe Ratio is 1.62, which is comparable to the ONGIX Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of XSMO and ONGIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XSMO	ONGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	1.70	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.61	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.79	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.59	-0.21

Drawdowns

XSMO vs. ONGIX - Drawdown Comparison

The maximum XSMO drawdown since its inception was -58.06%, which is greater than ONGIX's maximum drawdown of -41.01%. Use the drawdown chart below to compare losses from any high point for XSMO and ONGIX.

Drawdown Indicators

	XSMO	ONGIX	Difference
Max Drawdown Largest peak-to-trough decline	-58.06%	-41.01%	-17.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-6.85%	-2.04%
Max Drawdown (3Y) Largest decline over 3 years	-24.76%	-11.43%	-13.33%
Max Drawdown (5Y) Largest decline over 5 years	-29.62%	-20.47%	-9.15%
Max Drawdown (10Y) Largest decline over 10 years	-39.39%	-25.83%	-13.56%
Current Drawdown Current decline from peak	-2.86%	-2.14%	-0.72%
Average Drawdown Average peak-to-trough decline	-11.13%	-5.55%	-5.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	1.59%	+1.02%

Volatility

XSMO vs. ONGIX - Volatility Comparison

Invesco S&P SmallCap Momentum ETF (XSMO) has a higher volatility of 6.73% compared to JPMorgan Investor Growth and Income Fund Class A (ONGIX) at 3.12%. This indicates that XSMO's price experiences larger fluctuations and is considered to be riskier than ONGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSMO	ONGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.73%	3.12%	+3.61%
Volatility (6M) Calculated over the trailing 6-month period	14.49%	7.14%	+7.35%
Volatility (1Y) Calculated over the trailing 1-year period	19.01%	8.87%	+10.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.68%	11.15%	+11.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.14%	11.86%	+12.28%

XSMO vs. ONGIX - Expense Ratio Comparison

XSMO has a 0.36% expense ratio, which is lower than ONGIX's 0.95% expense ratio.

Dividends

XSMO vs. ONGIX - Dividend Comparison

XSMO's dividend yield for the trailing twelve months is around 0.54%, less than ONGIX's 4.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ONGIX JPMorgan Investor Growth and Income Fund Class A	4.41%	4.56%	4.25%	3.17%	7.44%	4.74%	7.10%	7.23%	8.43%	8.34%	4.42%	5.45%
XSMO Invesco S&P SmallCap Momentum ETF	0.54%	0.75%	0.63%	0.96%	1.19%	0.30%	0.82%	0.69%	0.66%	0.27%	0.30%	0.35%

Frequently Asked Questions

Can I hold both XSMO and ONGIX in my portfolio?

XSMO and ONGIX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XSMO or ONGIX?

XSMO has higher volatility (6.73%) compared to ONGIX (3.12%). In terms of maximum drawdown, XSMO dropped -58.06% vs ONGIX's -41.01%.

Which has better risk-adjusted returns?

ONGIX currently has the higher Sharpe Ratio (1.70 vs 1.62), 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.