XSMO vs. WLDS
XSMO (Invesco S&P SmallCap Momentum ETF) is Momentum fund tracking the S&P SmallCap 600 Momentum Index, while WLDS (Wearable Devices Ltd.) is a stock. Over the past 3 years, XSMO returned 26.09%/yr vs -88.56%/yr for WLDS. At a 0.11 correlation, their price movements are largely independent.
Performance
XSMO vs. WLDS - Performance Comparison
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Returns By Period
In the year-to-date period, XSMO achieves a 27.06% return, which is significantly higher than WLDS's -82.65% return.
XSMO
- 1D
- 1.54%
- 1M
- 2.83%
- YTD
- 27.06%
- 6M
- 22.45%
- 1Y
- 37.34%
- 3Y*
- 26.09%
- 5Y*
- 11.97%
- 10Y*
- 15.89%
WLDS
- 1D
- -5.82%
- 1M
- -32.88%
- YTD
- -82.65%
- 6M
- -84.79%
- 1Y
- -87.16%
- 3Y*
- -88.56%
- 5Y*
- —
- 10Y*
- —
XSMO vs. WLDS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XSMO Invesco S&P SmallCap Momentum ETF | 27.06% | 9.80% | 17.45% | 21.55% | -2.15% |
WLDS Wearable Devices Ltd. | -82.65% | -86.93% | -68.31% | -21.18% | -90.71% |
Correlation
The correlation between XSMO and WLDS is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022 | 0.11 |
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Return for Risk
XSMO vs. WLDS — Risk / Return Rank
XSMO
WLDS
XSMO vs. WLDS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Momentum ETF (XSMO) and Wearable Devices Ltd. (WLDS). 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 | WLDS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.14 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.22 | -0.89 | +5.11 |
| Martin ratioReturn relative to average drawdown | 14.25 | -1.14 | +15.39 |
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Drawdowns
XSMO vs. WLDS - Drawdown Comparison
The maximum XSMO drawdown since its inception was -58.06%, smaller than the maximum WLDS drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for XSMO and WLDS.
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Drawdown Indicators
| XSMO | WLDS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -99.95% | +41.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -97.90% | +89.01% |
Max Drawdown (3Y)Largest decline over 3 years | -24.76% | -99.85% | +75.09% |
Max Drawdown (5Y)Largest decline over 5 years | -29.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.39% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -99.95% | +99.95% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -91.57% | +80.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 76.24% | -73.61% |
Volatility
XSMO vs. WLDS - Volatility Comparison
The current volatility for Invesco S&P SmallCap Momentum ETF (XSMO) is 6.76%, while Wearable Devices Ltd. (WLDS) has a volatility of 45.34%. This indicates that XSMO experiences smaller price fluctuations and is considered to be less risky than WLDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSMO | WLDS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.76% | 45.34% | -38.58% |
Volatility (6M)Calculated over the trailing 6-month period | 14.97% | 72.48% | -57.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.42% | 427.97% | -408.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.64% | 275.05% | -252.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.12% | 275.05% | -250.93% |
Dividends
XSMO vs. WLDS - Dividend Comparison
XSMO's dividend yield for the trailing twelve months is around 0.52%, while WLDS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WLDS Wearable Devices Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 WLDS have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WLDS has higher volatility (45.34%) compared to XSMO (6.76%). In terms of maximum drawdown, XSMO dropped -58.06% vs WLDS's -99.95%.
XSMO currently has the higher Sharpe Ratio (1.94 vs -0.20), 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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