XSVM vs. HFMDX
XSVM (Invesco S&P SmallCap Value with Momentum ETF) and HFMDX (Hennessy Cornerstone Mid Cap 30 Fund) are both funds - XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index, while HFMDX is a Mid Cap Blend Equities fund managed by Hennessy. Over the past 10 years, XSVM returned 13.04%/yr vs 13.91%/yr for HFMDX. Their correlation of 0.81 means they have usually moved in the same direction. XSVM charges 0.37%/yr vs 1.36%/yr for HFMDX.
Performance
XSVM vs. HFMDX - Performance Comparison
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Returns By Period
In the year-to-date period, XSVM achieves a 27.31% return, which is significantly higher than HFMDX's 14.55% return. Over the past 10 years, XSVM has underperformed HFMDX with an annualized return of 13.04%, while HFMDX has yielded a comparatively higher 13.91% annualized return.
XSVM
- 1D
- 1.19%
- 1M
- 3.59%
- 6M
- 17.18%
- YTD
- 27.31%
- 1Y
- 43.31%
- 3Y*
- 15.08%
- 5Y*
- 10.26%
- 10Y*
- 13.04%
- ALL TIME*
- 9.38%
HFMDX
- 1D
- -1.46%
- 1M
- -3.33%
- 6M
- 8.43%
- YTD
- 14.55%
- 1Y
- 27.56%
- 3Y*
- 17.56%
- 5Y*
- 16.22%
- 10Y*
- 13.91%
- ALL TIME*
- 10.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.64M | $2.37M | $2.08M |
XSVM vs. HFMDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XSVM Invesco S&P SmallCap Value with Momentum ETF | 27.31% | 7.47% | 2.30% | 20.20% | -13.63% | 56.36% | 5.08% | 30.01% | -12.33% | 3.62% |
HFMDX Hennessy Cornerstone Mid Cap 30 Fund | 14.55% | 2.68% | 34.13% | 30.83% | 2.72% | 27.23% | 23.37% | 15.76% | -23.52% | 20.71% |
Correlation
The correlation between XSVM and HFMDX is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2005 | 0.81 |
The correlation between XSVM and HFMDX shifts across timeframes, from 0.67 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XSVM vs. HFMDX — Risk / Return Rank
XSVM
HFMDX
XSVM vs. HFMDX - 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 Hennessy Cornerstone Mid Cap 30 Fund (HFMDX). 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 | HFMDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.18 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 1.79 | +2.53 |
| Martin ratioReturn relative to average drawdown | 13.79 | 5.76 | +8.03 |
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Drawdowns
XSVM vs. HFMDX - Drawdown Comparison
The maximum XSVM drawdown since its inception was -62.57%, roughly equal to the maximum HFMDX drawdown of -61.25%. Use the drawdown chart below to compare losses from any high point for XSVM and HFMDX.
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Drawdown Indicators
| XSVM | HFMDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.57% | -61.25% | -1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -10.08% | -12.66% | +2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -26.21% | -27.76% | +1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -26.21% | -27.76% | +1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -49.02% | -56.14% | +7.12% |
Current DrawdownCurrent decline from peak | -0.28% | -6.15% | +5.87% |
Average DrawdownAverage peak-to-trough decline | -11.48% | -12.18% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 3.94% | -0.79% |
Volatility
XSVM vs. HFMDX - Volatility Comparison
The current volatility for Invesco S&P SmallCap Value with Momentum ETF (XSVM) is 4.25%, while Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) has a volatility of 5.25%. This indicates that XSVM experiences smaller price fluctuations and is considered to be less risky than HFMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSVM | HFMDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 5.25% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 11.78% | 16.56% | -4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.83% | 22.02% | -4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.34% | 23.42% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.01% | 25.14% | -0.13% |
XSVM vs. HFMDX - Expense Ratio Comparison
XSVM has a 0.37% expense ratio, which is lower than HFMDX's 1.36% expense ratio.
Dividends
XSVM vs. HFMDX - Dividend Comparison
XSVM's dividend yield for the trailing twelve months is around 1.73%, more than HFMDX's 0.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFMDX Hennessy Cornerstone Mid Cap 30 Fund | 0.63% | 0.72% | 18.84% | 9.61% | 21.66% | 1.73% | 0.00% | 0.00% | 40.95% | 18.56% | 0.64% | 0.91% |
XSVM Invesco S&P SmallCap Value with Momentum ETF | 1.73% | 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
XSVM and HFMDX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HFMDX has higher volatility (5.25%) compared to XSVM (4.25%). In terms of maximum drawdown, XSVM dropped -62.57% vs HFMDX's -61.25%.
XSVM currently has the higher Sharpe Ratio (2.45 vs 1.03), 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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