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XSMO vs. XSVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSMO vs. XSVM

Last updated Jun 24, 2026

XSMO (Invesco S&P SmallCap Momentum ETF) and XSVM (Invesco S&P SmallCap Value with Momentum ETF) are both Momentum funds from Invesco - XSMO tracks the S&P SmallCap 600 Momentum Index while XSVM tracks the S&P SmallCap 600 High Momentum Value Index. Both are passively managed. Over the past 10 years, XSMO returned 15.24%/yr vs 13.32%/yr for XSVM. Their correlation of 0.82 suggests significant overlap in exposure. XSMO charges 0.36%/yr vs 0.37%/yr for XSVM.

Performance

XSMO vs. XSVM - Performance Comparison

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

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Returns By Period

In the year-to-date period, XSMO achieves a 24.23% return, which is significantly higher than XSVM's 20.98% return. Over the past 10 years, XSMO has outperformed XSVM with an annualized return of 15.24%, while XSVM has yielded a comparatively lower 13.32% annualized return.

XSMO

1D
-1.05%
1M
3.78%
YTD
24.23%
6M
20.02%
1Y
34.26%
3Y*
25.28%
5Y*
11.43%
10Y*
15.24%

XSVM

1D
0.77%
1M
3.66%
YTD
20.98%
6M
18.82%
1Y
37.12%
3Y*
17.66%
5Y*
7.87%
10Y*
13.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSMO vs. XSVM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XSMO
Invesco S&P SmallCap Momentum ETF		24.23%9.80%17.45%21.55%-15.44%19.24%21.96%28.65%-3.44%23.95%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		20.98%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-12.33%3.62%

Correlation

The correlation between XSMO and XSVM is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.81

Correlation (3Y)
Calculated over the trailing 3-year period

0.86

Correlation (5Y)
Calculated over the trailing 5-year period

0.89

Correlation (10Y)
Calculated over the trailing 10-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Mar 3, 2005

0.82

The correlation between XSMO and XSVM has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.

XSMO vs. XSVM - Sectors Allocation Comparison

Sectors
XSMO
XSVM

Technology

22.1%
9.5%

Industrials

18.7%
6.3%

Healthcare

14.3%
1.1%

Financial Services

12.2%
38.7%

Consumer Cyclical

8.6%
17.4%

Basic Materials

6.0%
2.0%

Real Estate

4.9%
4.8%

Communication Services

4.5%
2.8%

Utilities

3.5%
1.2%

Energy

2.9%
9.3%

Consumer Defensive

2.4%
6.9%

Technology

XSMO
22.1%
XSVM
9.5%

Industrials

XSMO
18.7%
XSVM
6.3%

Healthcare

XSMO
14.3%
XSVM
1.1%

Financial Services

XSMO
12.2%
XSVM
38.7%

Consumer Cyclical

XSMO
8.6%
XSVM
17.4%

Basic Materials

XSMO
6.0%
XSVM
2.0%

Real Estate

XSMO
4.9%
XSVM
4.8%

Communication Services

XSMO
4.5%
XSVM
2.8%

Utilities

XSMO
3.5%
XSVM
1.2%

Energy

XSMO
2.9%
XSVM
9.3%

Consumer Defensive

XSMO
2.4%
XSVM
6.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P SmallCap Momentum ETF

Invesco S&P SmallCap Value with Momentum ETF

Often compared with XSMO:
XSMO vs. AVUVXSMO vs. XMMOXSMO vs. FCPVXXSMO vs. DWASXSMO vs. VIOGXSMO vs. SLYGXSMO vs. DFAS
Often compared with XSVM:
XSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRXXSVM vs. SVAL

Return for Risk

XSMO vs. XSVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSMO
XSMO Risk / Return Rank: 6262
Overall Rank
XSMO Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
XSMO Sortino Ratio Rank: 5656
Sortino Ratio Rank
XSMO Omega Ratio Rank: 5050
Omega Ratio Rank
XSMO Calmar Ratio Rank: 7878
Calmar Ratio Rank
XSMO Martin Ratio Rank: 7272
Martin Ratio Rank
XSVM
XSVM Risk / Return Rank: 6767
Overall Rank
XSVM Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 6767
Sortino Ratio Rank
XSVM Omega Ratio Rank: 6262
Omega Ratio Rank
XSVM Calmar Ratio Rank: 7676
Calmar Ratio Rank
XSVM Martin Ratio Rank: 6666
Martin Ratio Rank
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. XSVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Momentum ETF (XSMO) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). 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.

XSMOXSVMDifference
Sharpe ratioReturn per unit of total volatility
1.78
2.03

-0.25

Sortino ratioReturn per unit of downside risk
2.57
2.93

-0.35

Omega ratioGain probability vs. loss probability

1.30

1.36

-0.05

Calmar ratioReturn relative to maximum drawdown

3.87

3.70

+0.17

Martin ratioReturn relative to average drawdown

13.07

11.45

+1.63

XSMO vs. XSVM - Sharpe Ratio Comparison

The current XSMO Sharpe Ratio is 1.78, which is comparable to the XSVM Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of XSMO and XSVM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XSMO vs. XSVM - Drawdown Comparison

The maximum XSMO drawdown since its inception was -58.06%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for XSMO and XSVM.

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Drawdown Indicators

XSMOXSVMDifference

Max Drawdown

Largest peak-to-trough decline

-58.06%

-62.57%

+4.51%

Max Drawdown (1Y)

Largest decline over 1 year

-8.89%

-10.08%

+1.19%

Max Drawdown (3Y)

Largest decline over 3 years

-24.76%

-26.21%

+1.45%

Max Drawdown (5Y)

Largest decline over 5 years

-29.62%

-26.21%

-3.41%

Max Drawdown (10Y)

Largest decline over 10 years

-39.39%

-49.02%

+9.63%

Current Drawdown

Current decline from peak

-1.05%

-0.73%

-0.32%

Average Drawdown

Average peak-to-trough decline

-11.11%

-11.54%

+0.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.63%

3.25%

-0.62%

Volatility

XSMO vs. XSVM - Volatility Comparison

Invesco S&P SmallCap Momentum ETF (XSMO) has a higher volatility of 7.31% compared to Invesco S&P SmallCap Value with Momentum ETF (XSVM) at 4.63%. This indicates that XSMO's price experiences larger fluctuations and is considered to be riskier than XSVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSMOXSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.31%

4.63%

+2.68%

Volatility (6M)

Calculated over the trailing 6-month period

14.94%

12.28%

+2.66%

Volatility (1Y)

Calculated over the trailing 1-year period

19.41%

18.54%

+0.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.64%

22.55%

+0.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.13%

25.07%

-0.94%

XSMO vs. XSVM - Expense Ratio Comparison

XSMO has a 0.36% expense ratio, which is lower than XSVM's 0.37% expense ratio.

Dividends

XSMO vs. XSVM - Dividend Comparison

XSMO's dividend yield for the trailing twelve months is around 0.53%, less than XSVM's 1.82% yield.

PositionTTM20252024202320222021202020192018201720162015
XSMO
Invesco S&P SmallCap Momentum ETF		0.53%0.75%0.63%0.96%1.19%0.30%0.82%0.69%0.66%0.27%0.30%0.35%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.82%2.29%1.69%1.31%1.79%1.23%1.21%1.22%2.54%1.90%2.29%2.68%

Frequently Asked Questions

XSMO and XSVM have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XSMO has higher volatility (7.31%) compared to XSVM (4.63%). In terms of maximum drawdown, XSMO dropped -58.06% vs XSVM's -62.57%.

On 10-year performance, XSMO leads with 15.24% vs 13.32% for XSVM. On fees, XSMO is cheaper at 0.36% per year. On volatility, XSVM has been the lower-risk option at 4.63%. 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 15.24% return vs 13.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XSMO is cheaper with a 0.36% expense ratio, compared with 0.37% for XSVM.

XSVM has the higher dividend yield at 1.82%, compared with 0.53% for XSMO.

XSMO tracks S&P SmallCap 600 Momentum Index, while XSVM tracks S&P SmallCap 600 High Momentum Value Index. Their fees differ too: 0.36% for XSMO and 0.37% for XSVM.

XSVM currently has the higher Sharpe Ratio (2.03 vs 1.78), 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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