XSMO vs. VTIP
XSMO (Invesco S&P SmallCap Momentum ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both exchange-traded funds - XSMO is a Momentum fund tracking the S&P SmallCap 600 Momentum Index, while VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. Both are passively managed. Over the past 10 years, XSMO returned 15.17%/yr vs 3.09%/yr for VTIP. At a 0.07 correlation, their price movements are largely independent. XSMO charges 0.36%/yr vs 0.03%/yr for VTIP.
Performance
XSMO vs. VTIP - Performance Comparison
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Returns By Period
In the year-to-date period, XSMO achieves a 24.80% return, which is significantly higher than VTIP's 1.85% return. Over the past 10 years, XSMO has outperformed VTIP with an annualized return of 15.17%, while VTIP has yielded a comparatively lower 3.09% annualized return.
XSMO
- 1D
- 1.22%
- 1M
- 4.39%
- YTD
- 24.80%
- 6M
- 20.56%
- 1Y
- 35.19%
- 3Y*
- 24.32%
- 5Y*
- 11.65%
- 10Y*
- 15.17%
VTIP
- 1D
- -0.04%
- 1M
- -0.22%
- YTD
- 1.85%
- 6M
- 1.95%
- 1Y
- 4.57%
- 3Y*
- 5.25%
- 5Y*
- 3.37%
- 10Y*
- 3.09%
XSMO vs. VTIP - 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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.85% | 6.07% | 4.74% | 4.62% | -2.94% | 5.36% | 4.95% | 4.86% | 0.56% | 0.82% |
Correlation
The correlation between XSMO and VTIP is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2012 | 0.07 |
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Return for Risk
XSMO vs. VTIP — Risk / Return Rank
XSMO
VTIP
XSMO vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Momentum ETF (XSMO) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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 | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.65 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | 6.57 | -2.59 |
| Martin ratioReturn relative to average drawdown | 13.44 | 25.36 | -11.92 |
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Drawdowns
XSMO vs. VTIP - Drawdown Comparison
The maximum XSMO drawdown since its inception was -58.06%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for XSMO and VTIP.
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Drawdown Indicators
| XSMO | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -6.27% | -51.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -0.70% | -8.19% |
Max Drawdown (3Y)Largest decline over 3 years | -24.76% | -0.98% | -23.78% |
Max Drawdown (5Y)Largest decline over 5 years | -29.62% | -5.50% | -24.12% |
Max Drawdown (10Y)Largest decline over 10 years | -39.39% | -6.27% | -33.12% |
Current DrawdownCurrent decline from peak | 0.00% | -0.22% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -11.12% | -1.04% | -10.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 0.18% | +2.45% |
Volatility
XSMO vs. VTIP - Volatility Comparison
Invesco S&P SmallCap Momentum ETF (XSMO) has a higher volatility of 7.71% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.40%. This indicates that XSMO's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSMO | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.71% | 0.40% | +7.31% |
Volatility (6M)Calculated over the trailing 6-month period | 14.99% | 1.04% | +13.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.42% | 1.50% | +17.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.63% | 2.77% | +19.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.15% | 2.74% | +21.41% |
XSMO vs. VTIP - Expense Ratio Comparison
XSMO has a 0.36% expense ratio, which is higher than VTIP's 0.03% expense ratio.
Dividends
XSMO vs. VTIP - Dividend Comparison
XSMO's dividend yield for the trailing twelve months is around 0.52%, less than VTIP's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.59% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% |
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
XSMO and VTIP have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XSMO has higher volatility (7.71%) compared to VTIP (0.40%). In terms of maximum drawdown, XSMO dropped -58.06% vs VTIP's -6.27%.
On 10-year performance, XSMO leads with 15.17% vs 3.09% for VTIP. On fees, VTIP is cheaper at 0.03% per year. On volatility, VTIP has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, XSMO has performed better with a 15.17% return vs 3.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.36% for XSMO.
VTIP has the higher dividend yield at 3.59%, compared with 0.52% for XSMO.
XSMO is categorized as Momentum, while VTIP is Inflation-Protected Bonds. XSMO tracks S&P SmallCap 600 Momentum Index, while VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.36% for XSMO and 0.03% for VTIP.
VTIP currently has the higher Sharpe Ratio (3.07 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.
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