XSVM vs. AVSC
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 17.66%/yr vs 18.70%/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
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Returns By Period
The year-to-date returns for both investments are quite close, with XSVM having a 20.98% return and AVSC slightly higher at 21.15%.
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%
AVSC
- 1D
- -0.16%
- 1M
- 4.37%
- YTD
- 21.15%
- 6M
- 19.08%
- 1Y
- 42.10%
- 3Y*
- 18.70%
- 5Y*
- —
- 10Y*
- —
XSVM vs. AVSC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XSVM Invesco S&P SmallCap Value with Momentum ETF | 20.98% | 7.47% | 2.30% | 20.20% | -15.60% |
AVSC Avantis US Small Cap Equity ETF | 21.15% | 9.42% | 7.75% | 19.68% | -12.40% |
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 13, 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.
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Return for Risk
XSVM vs. AVSC — Risk / Return Rank
XSVM
AVSC
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.
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.
| XSVM | AVSC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.39 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 5.36 | -1.66 |
| Martin ratioReturn relative to average drawdown | 11.45 | 16.79 | -5.34 |
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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.
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Drawdown Indicators
| XSVM | AVSC | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -0.73% | -0.53% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -11.54% | -7.35% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.51% | +0.74% |
Volatility
XSVM vs. AVSC - Volatility Comparison
Invesco S&P SmallCap Value with Momentum ETF (XSVM) and Avantis US Small Cap Equity ETF (AVSC) have volatilities of 4.63% and 4.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSVM | AVSC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 4.70% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.28% | 11.99% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 18.18% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 22.28% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.07% | 22.28% | +2.79% |
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 1.82%, more than AVSC's 1.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVSC Avantis US Small Cap Equity ETF | 1.20% | 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 | 1.82% | 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
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.
AVSC has higher volatility (4.70%) compared to XSVM (4.63%). In terms of maximum drawdown, XSVM dropped -62.57% vs AVSC's -28.40%.
On 3-year performance, AVSC leads with 18.70% vs 17.66% for XSVM. On fees, AVSC is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AVSC has performed better with a 18.70% return vs 17.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVSC is cheaper with a 0.25% expense ratio, compared with 0.37% for XSVM.
XSVM has the higher dividend yield at 1.82%, compared with 1.20% for 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.
AVSC currently has the higher Sharpe Ratio (2.33 vs 2.03), 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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