XSMO vs. SEIM

Last updated Jun 23, 2026

XSMO (Invesco S&P SmallCap Momentum ETF) and SEIM (SEI Enhanced US Large Cap Momentum Factor ETF) are both Momentum funds. XSMO is passively managed, while SEIM is actively managed. Over the past 3 years, XSMO returned 25.72%/yr vs 30.04%/yr for SEIM. A 0.79 correlation means they provide meaningful diversification when combined. XSMO charges 0.36%/yr vs 0.15%/yr for SEIM.

Performance

XSMO vs. SEIM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Momentum ETF (XSMO) and SEI Enhanced US Large Cap Momentum Factor ETF (SEIM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSMO achieves a 25.55% return, which is significantly higher than SEIM's 21.04% return.

XSMO

• 1D: 0.32%
• 1M: 4.89%
• YTD: 25.55%
• 6M: 21.13%
• 1Y: 37.28%
• 3Y*: 25.72%
• 5Y*: 11.94%
• 10Y*: 15.36%

SEIM

• 1D: 0.81%
• 1M: 5.31%
• YTD: 21.04%
• 6M: 19.67%
• 1Y: 39.75%
• 3Y*: 30.04%
• 5Y*: —
• 10Y*: —

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

XSMO vs. SEIM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XSMO Invesco S&P SmallCap Momentum ETF	25.55%	9.80%	17.45%	21.55%	-1.20%
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	21.04%	20.20%	39.12%	16.25%	-5.62%

Correlation

The correlation between XSMO and SEIM is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (All Time) Calculated using the full available price history since May 18, 2022	0.79

The correlation between XSMO and SEIM has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.

XSMO vs. SEIM - Sectors Allocation Comparison

Sectors	XSMO	SEIM
Technology	22.1%	29.5%
Industrials	18.7%	6.8%
Healthcare	14.3%	9.5%
Financial Services	12.2%	8.1%
Consumer Cyclical	8.6%	7.2%
Basic Materials	6.0%	4.7%
Real Estate	4.9%	7.2%
Communication Services	4.5%	4.4%
Utilities	3.5%	2.4%
Energy	2.9%	11.8%
Consumer Defensive	2.4%	7.9%

Return for Risk

XSMO vs. SEIM — Risk / Return Rank

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

XSMO

XSMO Risk / Return Rank: 67
XSMO Sharpe Ratio Rank: 60
XSMO Sortino Ratio Rank: 61
XSMO Omega Ratio Rank: 54
XSMO Calmar Ratio Rank: 82
XSMO Martin Ratio Rank: 77

SEIM

SEIM Risk / Return Rank: 76
SEIM Sharpe Ratio Rank: 75
SEIM Sortino Ratio Rank: 71
SEIM Omega Ratio Rank: 71
SEIM Calmar Ratio Rank: 79
SEIM Martin Ratio Rank: 85

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. SEIM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Momentum ETF (XSMO) and SEI Enhanced US Large Cap Momentum Factor ETF (SEIM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XSMO	SEIM	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.31	-0.38
Sortino ratio: Return per unit of downside risk	2.77	3.09	-0.32
Omega ratio: Gain probability vs. loss probability	1.33	1.40	-0.08
Calmar ratio: Return relative to maximum drawdown	4.21	3.97	+0.25
Martin ratio: Return relative to average drawdown	14.23	17.00	-2.77

XSMO vs. SEIM - Sharpe Ratio Comparison

The current XSMO Sharpe Ratio is 1.93, which is comparable to the SEIM Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of XSMO and SEIM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XSMO vs. SEIM - Drawdown Comparison

The maximum XSMO drawdown since its inception was -58.06%, which is greater than SEIM's maximum drawdown of -22.17%. Use the drawdown chart below to compare losses from any high point for XSMO and SEIM.

Drawdown Indicators

	XSMO	SEIM	Difference
Max Drawdown Largest peak-to-trough decline	-58.06%	-22.17%	-35.89%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-10.07%	+1.18%
Max Drawdown (3Y) Largest decline over 3 years	-24.76%	-22.17%	-2.59%
Max Drawdown (5Y) Largest decline over 5 years	-29.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.39%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-11.11%	-3.97%	-7.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	2.34%	+0.29%

Volatility

XSMO vs. SEIM - Volatility Comparison

Invesco S&P SmallCap Momentum ETF (XSMO) has a higher volatility of 7.19% compared to SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) at 6.75%. This indicates that XSMO's price experiences larger fluctuations and is considered to be riskier than SEIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSMO	SEIM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.19%	6.75%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	14.89%	14.33%	+0.56%
Volatility (1Y) Calculated over the trailing 1-year period	19.41%	17.32%	+2.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.64%	19.07%	+3.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.15%	19.07%	+5.08%

XSMO vs. SEIM - Expense Ratio Comparison

XSMO has a 0.36% expense ratio, which is higher than SEIM's 0.15% expense ratio.

Dividends

XSMO vs. SEIM - Dividend Comparison

XSMO's dividend yield for the trailing twelve months is around 0.66%, more than SEIM's 0.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	0.51%	0.56%	0.48%	0.89%	1.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XSMO Invesco S&P SmallCap Momentum ETF	0.66%	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 SEIM in my portfolio?

XSMO and SEIM have a correlation of 0.74, 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 SEIM?

XSMO has higher volatility (7.19%) compared to SEIM (6.75%). In terms of maximum drawdown, XSMO dropped -58.06% vs SEIM's -22.17%.

Which ETF is better, XSMO or SEIM?

On 3-year performance, SEIM leads with 30.04% vs 25.72% for XSMO. On fees, SEIM is cheaper at 0.15% per year. On volatility, SEIM has been the lower-risk option at 6.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XSMO or SEIM?

Over the 3-year period, SEIM has performed better with a 30.04% return vs 25.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XSMO or SEIM?

SEIM is cheaper with a 0.15% expense ratio, compared with 0.36% for XSMO.

Which ETF pays a higher dividend yield, XSMO or SEIM?

XSMO has the higher dividend yield at 0.66%, compared with 0.51% for SEIM.

What is the main difference between XSMO and SEIM?

They also come from different issuers: Invesco and SEI. Their fees differ too: 0.36% for XSMO and 0.15% for SEIM.

Which has better risk-adjusted returns?

SEIM currently has the higher Sharpe Ratio (2.31 vs 1.93), 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.