XSMO vs. QQQ
Compare and contrast key facts about Invesco S&P SmallCap Momentum ETF (XSMO) and Invesco QQQ (QQQ).
XSMO and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both XSMO and QQQ 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 QQQ.
Key characteristics
XSMO | QQQ | |
---|---|---|
YTD Return | 7.46% | 7.83% |
1Y Return | 37.67% | 36.55% |
3Y Return (Ann) | 8.45% | 11.35% |
5Y Return (Ann) | 11.31% | 19.82% |
10Y Return (Ann) | 10.64% | 18.47% |
Sharpe Ratio | 2.03 | 2.34 |
Daily Std Dev | 18.82% | 16.24% |
Max Drawdown | -58.07% | -82.98% |
Current Drawdown | 0.00% | -1.20% |
Correlation
The correlation between XSMO and QQQ is 0.73, 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. QQQ - Performance Comparison
The year-to-date returns for both investments are quite close, with XSMO having a 7.46% return and QQQ slightly higher at 7.83%. Over the past 10 years, XSMO has underperformed QQQ with an annualized return of 10.64%, while QQQ has yielded a comparatively higher 18.47% annualized 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. QQQ - Expense Ratio Comparison
XSMO has a 0.39% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
XSMO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Momentum ETF (XSMO) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
XSMO's dividend yield for the trailing twelve months is around 0.68%, more than QQQ's 0.60% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Invesco S&P SmallCap Momentum ETF | 0.68% | 0.96% | 1.19% | 0.30% | 0.82% | 0.69% | 0.66% | 0.27% | 0.30% | 0.35% | 1.31% | 0.91% |
Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
XSMO vs. QQQ - Drawdown Comparison
The maximum XSMO drawdown since its inception was -58.07%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for XSMO and QQQ. For additional features, visit the drawdowns tool.
Volatility
XSMO vs. QQQ - Volatility Comparison
The current volatility for Invesco S&P SmallCap Momentum ETF (XSMO) is 5.27%, while Invesco QQQ (QQQ) has a volatility of 5.71%. This indicates that XSMO experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.