XSMO vs. SOXX

Last updated Jun 14, 2026

XSMO (Invesco S&P SmallCap Momentum ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - XSMO is a Momentum fund tracking the S&P SmallCap 600 Momentum Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 10 years, XSMO returned 15.17%/yr vs 35.55%/yr for SOXX. A 0.69 correlation means they provide meaningful diversification when combined. XSMO charges 0.36%/yr vs 0.34%/yr for SOXX.

Performance

XSMO vs. SOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Momentum ETF (XSMO) and iShares Semiconductor ETF (SOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSMO achieves a 24.80% return, which is significantly lower than SOXX's 98.11% return. Over the past 10 years, XSMO has underperformed SOXX with an annualized return of 15.17%, while SOXX has yielded a comparatively higher 35.55% annualized return.

XSMO

• 1D: 1.22%
• 1M: 3.48%
• YTD: 24.80%
• 6M: 20.56%
• 1Y: 37.87%
• 3Y*: 24.32%
• 5Y*: 11.65%
• 10Y*: 15.17%

SOXX

• 1D: 1.59%
• 1M: 12.49%
• YTD: 98.11%
• 6M: 99.51%
• 1Y: 171.57%
• 3Y*: 53.00%
• 5Y*: 33.69%
• 10Y*: 35.55%

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

XSMO vs. SOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XSMO Invesco S&P SmallCap Momentum ETF	24.80%	9.80%	17.45%	21.55%	-15.44%	19.24%	21.96%	28.65%	-3.44%	23.95%
SOXX iShares Semiconductor ETF	98.11%	40.74%	12.92%	67.12%	-35.09%	44.09%	52.72%	62.42%	-6.49%	39.79%

Correlation

The correlation between XSMO and SOXX is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Mar 3, 2005	0.69

The correlation between XSMO and SOXX has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.

XSMO vs. SOXX - Sectors Allocation Comparison

Sectors	XSMO	SOXX
Technology	22.1%	100.0%
Industrials	18.7%	-
Healthcare	14.3%	-
Financial Services	12.2%	-
Consumer Cyclical	8.6%	-
Basic Materials	6.0%	-
Real Estate	4.9%	-
Communication Services	4.5%	-
Utilities	3.5%	-
Energy	2.9%	-
Consumer Defensive	2.4%	-

Return for Risk

XSMO vs. SOXX — Risk / Return Rank

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

XSMO

XSMO Risk / Return Rank: 70
XSMO Sharpe Ratio Rank: 63
XSMO Sortino Ratio Rank: 66
XSMO Omega Ratio Rank: 58
XSMO Calmar Ratio Rank: 84
XSMO Martin Ratio Rank: 80

SOXX

SOXX Risk / Return Rank: 96
SOXX Sharpe Ratio Rank: 97
SOXX Sortino Ratio Rank: 94
SOXX Omega Ratio Rank: 94
SOXX Calmar Ratio Rank: 97
SOXX Martin Ratio Rank: 97

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. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Momentum ETF (XSMO) and iShares Semiconductor ETF (SOXX). 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	SOXX	Difference
Sharpe ratio: Return per unit of total volatility	1.82	4.43	-2.61
Sortino ratio: Return per unit of downside risk	2.62	4.37	-1.76
Omega ratio: Gain probability vs. loss probability	1.31	1.62	-0.31
Calmar ratio: Return relative to maximum drawdown	3.98	10.50	-6.52
Martin ratio: Return relative to average drawdown	13.44	38.20	-24.76

XSMO vs. SOXX - Sharpe Ratio Comparison

The current XSMO Sharpe Ratio is 1.82, which is lower than the SOXX Sharpe Ratio of 4.43. The chart below compares the historical Sharpe Ratios of XSMO and SOXX, 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. SOXX - Drawdown Comparison

The maximum XSMO drawdown since its inception was -58.06%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for XSMO and SOXX.

Drawdown Indicators

	XSMO	SOXX	Difference
Max Drawdown Largest peak-to-trough decline	-58.06%	-70.21%	+12.15%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-15.77%	+6.88%
Max Drawdown (3Y) Largest decline over 3 years	-24.76%	-41.36%	+16.60%
Max Drawdown (5Y) Largest decline over 5 years	-29.62%	-45.75%	+16.13%
Max Drawdown (10Y) Largest decline over 10 years	-39.39%	-45.75%	+6.36%
Current Drawdown Current decline from peak	0.00%	-3.16%	+3.16%
Average Drawdown Average peak-to-trough decline	-11.12%	-19.95%	+8.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	4.33%	-1.70%

Volatility

XSMO vs. SOXX - Volatility Comparison

The current volatility for Invesco S&P SmallCap Momentum ETF (XSMO) is 7.71%, while iShares Semiconductor ETF (SOXX) has a volatility of 19.42%. This indicates that XSMO experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSMO	SOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.71%	19.42%	-11.71%
Volatility (6M) Calculated over the trailing 6-month period	14.99%	31.46%	-16.47%
Volatility (1Y) Calculated over the trailing 1-year period	19.42%	37.35%	-17.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.63%	36.73%	-14.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.15%	33.77%	-9.62%

XSMO vs. SOXX - Expense Ratio Comparison

XSMO has a 0.36% expense ratio, which is higher than SOXX's 0.34% expense ratio.

Dividends

XSMO vs. SOXX - Dividend Comparison

XSMO's dividend yield for the trailing twelve months is around 0.52%, more than SOXX's 0.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SOXX iShares Semiconductor ETF	0.28%	0.57%	0.67%	0.78%	1.26%	0.64%	0.81%	1.23%	1.37%	0.90%	1.08%	1.29%
XSMO Invesco S&P SmallCap Momentum ETF	0.52%	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 SOXX in my portfolio?

XSMO and SOXX have a correlation of 0.63, 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 SOXX?

SOXX has higher volatility (19.42%) compared to XSMO (7.71%). In terms of maximum drawdown, XSMO dropped -58.06% vs SOXX's -70.21%.

Which ETF is better, XSMO or SOXX?

On 10-year performance, SOXX leads with 35.55% vs 15.17% for XSMO. On fees, SOXX is cheaper at 0.34% per year. On volatility, XSMO has been the lower-risk option at 7.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XSMO or SOXX?

Over the 10-year period, SOXX has performed better with a 35.55% return vs 15.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XSMO or SOXX?

SOXX is cheaper with a 0.34% expense ratio, compared with 0.36% for XSMO.

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

XSMO has the higher dividend yield at 0.52%, compared with 0.28% for SOXX.

What is the main difference between XSMO and SOXX?

XSMO is categorized as Momentum, while SOXX is Semiconductors. XSMO tracks S&P SmallCap 600 Momentum Index, while SOXX tracks NYSE Semiconductor Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.36% for XSMO and 0.34% for SOXX.

Which has better risk-adjusted returns?

SOXX currently has the higher Sharpe Ratio (4.43 vs 1.82), 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.