XSVM vs. DGRS

Last updated Aug 2, 2026

XSVM (Invesco S&P SmallCap Value with Momentum ETF) and DGRS (WisdomTree U.S. SmallCap Quality Dividend Growth Fund) are both exchange-traded funds - XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index, while DGRS is a Quality Factor fund tracking the WisdomTree U.S. SmallCap Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, XSVM returned 13.34%/yr vs 9.82%/yr for DGRS. Their correlation of 0.90 means they have usually moved in the same direction. XSVM charges 0.37%/yr vs 0.38%/yr for DGRS.

Performance

XSVM vs. DGRS - 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 WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSVM achieves a 25.81% return, which is significantly higher than DGRS's 21.67% return. Over the past 10 years, XSVM has outperformed DGRS with an annualized return of 13.34%, while DGRS has yielded a comparatively lower 9.82% annualized return.

XSVM

• 1D: -0.35%
• 1M: 2.37%
• 6M: 17.50%
• YTD: 25.81%
• 1Y: 41.62%
• 3Y*: 14.54%
• 5Y*: 9.57%
• 10Y*: 13.34%
• ALL TIME*: 9.32%

DGRS

• 1D: 0.23%
• 1M: 1.90%
• 6M: 12.89%
• YTD: 21.67%
• 1Y: 31.79%
• 3Y*: 12.75%
• 5Y*: 8.44%
• 10Y*: 9.82%
• ALL TIME*: 9.54%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	$2.61M	$2.32M	$1.84M
XSVM Invesco S&P SmallCap Value with Momentum ETF	$2.60M	$2.40M	$2.07M

XSVM vs. DGRS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XSVM Invesco S&P SmallCap Value with Momentum ETF	25.81%	7.47%	2.30%	20.20%	-13.63%	56.36%	5.08%	30.01%	-12.33%	3.62%
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	21.67%	-0.43%	10.40%	21.16%	-13.11%	23.11%	7.86%	24.20%	-10.75%	7.25%

Correlation

The correlation between XSVM and DGRS is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.91
Correlation (All Time) Calculated using the full available price history since Jul 25, 2013	0.90

The correlation between XSVM and DGRS has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

XSVM vs. DGRS - Sectors Allocation Comparison

Sectors	XSVM	DGRS
Financial Services	45.1%	25.5%
Consumer Cyclical	18.1%	16.3%
Real Estate	9.7%	1.9%
Energy	5.7%	10.0%
Industrials	5.3%	19.5%
Consumer Defensive	4.1%	6.5%
Basic Materials	3.0%	8.0%
Technology	2.6%	9.1%
Communication Services	2.6%	2.0%
Utilities	2.1%	0.2%
Healthcare	1.7%	1.2%

Return for Risk

XSVM vs. DGRS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XSVM

XSVM Risk / Return Rank: 89
XSVM Sharpe Ratio Rank: 90
XSVM Sortino Ratio Rank: 91
XSVM Omega Ratio Rank: 87
XSVM Calmar Ratio Rank: 91
XSVM Martin Ratio Rank: 87

DGRS

DGRS Risk / Return Rank: 77
DGRS Sharpe Ratio Rank: 74
DGRS Sortino Ratio Rank: 80
DGRS Omega Ratio Rank: 73
DGRS Calmar Ratio Rank: 82
DGRS Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XSVM vs. DGRS - 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 WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS). 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	DGRS	Difference
Sharpe ratio: Return per unit of total volatility	2.21	1.69	+0.52
Sortino ratio: Return per unit of downside risk	3.22	2.61	+0.61
Omega ratio: Gain probability vs. loss probability	1.39	1.30	+0.09
Calmar ratio: Return relative to maximum drawdown	3.91	2.98	+0.93
Martin ratio: Return relative to average drawdown	12.49	9.53	+2.96

XSVM vs. DGRS - Sharpe Ratio Comparison

The current XSVM Sharpe Ratio is 2.21, which is higher than the DGRS Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of XSVM and DGRS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XSVM vs. DGRS - Drawdown Comparison

The maximum XSVM drawdown since its inception was -62.57%, which is greater than DGRS's maximum drawdown of -44.83%. Use the drawdown chart below to compare losses from any high point for XSVM and DGRS.

Drawdown Indicators

	XSVM	DGRS	Difference
Max Drawdown Largest peak-to-trough decline	-62.57%	-44.83%	-17.74%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	-9.68%	-0.40%
Max Drawdown (3Y) Largest decline over 3 years	-26.21%	-27.57%	+1.36%
Max Drawdown (5Y) Largest decline over 5 years	-26.21%	-27.57%	+1.36%
Max Drawdown (10Y) Largest decline over 10 years	-49.02%	-44.83%	-4.19%
Current Drawdown Current decline from peak	-1.45%	-1.24%	-0.21%
Average Drawdown Average peak-to-trough decline	-11.48%	-6.66%	-4.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	3.03%	+0.12%

Volatility

XSVM vs. DGRS - Volatility Comparison

Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a higher volatility of 4.18% compared to WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) at 3.72%. This indicates that XSVM's price experiences larger fluctuations and is considered to be riskier than DGRS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSVM	DGRS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	3.72%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	11.73%	10.52%	+1.21%
Volatility (1Y) Calculated over the trailing 1-year period	17.89%	17.17%	+0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.33%	20.22%	+2.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.00%	23.57%	+1.43%

XSVM vs. DGRS - Expense Ratio Comparison

XSVM has a 0.37% expense ratio, which is lower than DGRS's 0.38% expense ratio.

Dividends

XSVM vs. DGRS - Dividend Comparison

XSVM's dividend yield for the trailing twelve months is around 1.75%, less than DGRS's 2.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	2.04%	2.68%	2.15%	2.36%	2.88%	2.19%	2.32%	2.39%	2.64%	1.90%	1.82%	2.55%
XSVM Invesco S&P SmallCap Value with Momentum ETF	1.75%	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 DGRS in my portfolio?

With a correlation of 0.92, XSVM and DGRS 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 DGRS?

XSVM has higher volatility (4.18%) compared to DGRS (3.72%). In terms of maximum drawdown, XSVM dropped -62.57% vs DGRS's -44.83%.

Which ETF is better, XSVM or DGRS?

On 10-year performance, XSVM leads with 13.34% vs 9.82% for DGRS. On fees, XSVM is cheaper at 0.37% per year. On volatility, DGRS has been the lower-risk option at 3.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XSVM or DGRS?

Over the 10-year period, XSVM has performed better with a 13.34% return vs 9.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XSVM or DGRS?

XSVM is cheaper with a 0.37% expense ratio, compared with 0.38% for DGRS.

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

DGRS has the higher dividend yield at 2.04%, compared with 1.75% for XSVM.

What is the main difference between XSVM and DGRS?

XSVM is categorized as Momentum, while DGRS is Quality Factor. XSVM tracks S&P SmallCap 600 High Momentum Value Index, while DGRS tracks WisdomTree U.S. SmallCap Quality Dividend Growth Index. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.37% for XSVM and 0.38% for DGRS.

Which has better risk-adjusted returns?

XSVM currently has the higher Sharpe Ratio (2.21 vs 1.69), 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.