XSVM vs. AVSC

Last updated Jun 4, 2026

XSVM (Invesco S&P SmallCap Value with Momentum ETF) and AVSC (Avantis US Small Cap Equity ETF) are both exchange-traded funds - XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index, while AVSC is a Small Cap Value Equities fund tracking the Russell 2000 Index. Both are passively managed. Over the past 3 years, XSVM returned 15.99%/yr vs 17.09%/yr for AVSC. Their correlation of 0.94 suggests significant overlap in exposure. XSVM charges 0.37%/yr vs 0.25%/yr for AVSC.

Performance

XSVM vs. AVSC - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with XSVM having a 16.87% return and AVSC slightly lower at 16.85%.

XSVM

• 1D: -1.47%
• 1M: 1.71%
• YTD: 16.87%
• 6M: 16.68%
• 1Y: 34.73%
• 3Y*: 15.99%
• 5Y*: 6.37%
• 10Y*: 12.72%

AVSC

• 1D: -1.32%
• 1M: 1.45%
• YTD: 16.85%
• 6M: 16.56%
• 1Y: 38.76%
• 3Y*: 17.09%
• 5Y*: —
• 10Y*: —

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

XSVM vs. AVSC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XSVM Invesco S&P SmallCap Value with Momentum ETF	16.87%	7.47%	2.30%	20.20%	-16.00%
AVSC Avantis US Small Cap Equity ETF	16.85%	9.42%	7.75%	19.68%	-11.72%

Correlation

The correlation between XSVM and AVSC is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 14, 2022	0.94

The correlation between XSVM and AVSC has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

XSVM vs. AVSC - Sectors Allocation Comparison

Sectors	XSVM	AVSC
Financial Services	38.8%	22.4%
Consumer Cyclical	17.0%	14.9%
Energy	9.9%	9.5%
Technology	7.8%	12.6%
Consumer Defensive	7.3%	4.8%
Industrials	6.7%	13.0%
Real Estate	5.0%	0.9%
Communication Services	2.9%	3.0%
Basic Materials	1.9%	5.5%
Healthcare	1.4%	11.5%
Utilities	1.3%	2.0%

Return for Risk

XSVM vs. AVSC — Risk / Return Rank

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

XSVM

XSVM Risk / Return Rank: 58
XSVM Sharpe Ratio Rank: 54
XSVM Sortino Ratio Rank: 56
XSVM Omega Ratio Rank: 53
XSVM Calmar Ratio Rank: 69
XSVM Martin Ratio Rank: 59

AVSC

AVSC Risk / Return Rank: 70
AVSC Sharpe Ratio Rank: 63
AVSC Sortino Ratio Rank: 66
AVSC Omega Ratio Rank: 59
AVSC Calmar Ratio Rank: 86
AVSC Martin Ratio Rank: 78

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.

XSVM vs. AVSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Value with Momentum ETF (XSVM) and Avantis US Small Cap Equity ETF (AVSC). 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.

	XSVM	AVSC	Difference
Sharpe ratio: Return per unit of total volatility	1.88	2.16	-0.28
Sortino ratio: Return per unit of downside risk	2.74	3.09	-0.36
Omega ratio: Gain probability vs. loss probability	1.33	1.37	-0.03
Calmar ratio: Return relative to maximum drawdown	3.46	4.93	-1.47
Martin ratio: Return relative to average drawdown	10.66	15.33	-4.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XSVM vs. AVSC - Sharpe Ratio Comparison

The current XSVM Sharpe Ratio is 1.88, which is comparable to the AVSC Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of XSVM and AVSC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XSVM	AVSC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	2.16	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.40	-0.04

Drawdowns

XSVM vs. AVSC - Drawdown Comparison

The maximum XSVM drawdown since its inception was -62.57%, which is greater than AVSC's maximum drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for XSVM and AVSC.

Drawdown Indicators

	XSVM	AVSC	Difference
Max Drawdown Largest peak-to-trough decline	-62.57%	-28.40%	-34.17%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	-7.89%	-2.19%
Max Drawdown (3Y) Largest decline over 3 years	-26.21%	-28.40%	+2.19%
Max Drawdown (5Y) Largest decline over 5 years	-26.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-49.02%	—	—
Current Drawdown Current decline from peak	-1.47%	-1.32%	-0.15%
Average Drawdown Average peak-to-trough decline	-11.57%	-7.37%	-4.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	2.54%	+0.73%

Volatility

XSVM vs. AVSC - Volatility Comparison

Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a higher volatility of 5.24% compared to Avantis US Small Cap Equity ETF (AVSC) at 4.49%. This indicates that XSVM's price experiences larger fluctuations and is considered to be riskier than AVSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSVM	AVSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.24%	4.49%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	12.05%	11.71%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	18.59%	18.10%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.71%	22.34%	+0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.09%	22.34%	+2.75%

XSVM vs. AVSC - Expense Ratio Comparison

XSVM has a 0.37% expense ratio, which is higher than AVSC's 0.25% expense ratio.

Dividends

XSVM vs. AVSC - Dividend Comparison

XSVM's dividend yield for the trailing twelve months is around 1.81%, more than AVSC's 0.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVSC Avantis US Small Cap Equity ETF	0.92%	1.16%	1.17%	1.42%	1.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XSVM Invesco S&P SmallCap Value with Momentum ETF	1.81%	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

Can I hold both XSVM and AVSC in my portfolio?

With a correlation of 0.91, XSVM and AVSC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, XSVM or AVSC?

XSVM has higher volatility (5.24%) compared to AVSC (4.49%). In terms of maximum drawdown, XSVM dropped -62.57% vs AVSC's -28.40%.

Which ETF is better, XSVM or AVSC?

On 3-year performance, AVSC leads with 17.09% vs 15.99% for XSVM. On fees, AVSC is cheaper at 0.25% per year. On volatility, AVSC has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XSVM or AVSC?

Over the 3-year period, AVSC has performed better with a 17.09% return vs 15.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XSVM or AVSC?

AVSC is cheaper with a 0.25% expense ratio, compared with 0.37% for XSVM.

Which ETF pays a higher dividend yield, XSVM or AVSC?

XSVM has the higher dividend yield at 1.81%, compared with 0.92% for AVSC.

What is the main difference between XSVM and AVSC?

XSVM is categorized as Momentum, while AVSC is Small Cap Value Equities. XSVM tracks S&P SmallCap 600 High Momentum Value Index, while AVSC tracks Russell 2000 Index. They also come from different issuers: Invesco and Avantis. Their fees differ too: 0.37% for XSVM and 0.25% for AVSC.

Which has better risk-adjusted returns?

AVSC currently has the higher Sharpe Ratio (2.16 vs 1.88), 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.