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XSVM vs. ONEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSVM vs. ONEO

Last updated Jun 4, 2026

XSVM (Invesco S&P SmallCap Value with Momentum ETF) and ONEO (SPDR Russell 1000 Momentum Focus ETF) are both Momentum funds - XSVM tracks the S&P SmallCap 600 High Momentum Value Index while ONEO tracks the Russell 1000 Momentum Focused Factor Index. Both are passively managed. Over the past 10 years, XSVM returned 12.72%/yr vs 11.94%/yr for ONEO. A 0.78 correlation means they provide meaningful diversification when combined. XSVM charges 0.37%/yr vs 0.20%/yr for ONEO.

Performance

XSVM vs. ONEO - 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 SPDR Russell 1000 Momentum Focus ETF (ONEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XSVM achieves a 16.87% return, which is significantly lower than ONEO's 17.85% return. Over the past 10 years, XSVM has outperformed ONEO with an annualized return of 12.72%, while ONEO has yielded a comparatively lower 11.94% annualized return.

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%

ONEO

1D
0.19%
1M
6.36%
YTD
17.85%
6M
18.38%
1Y
27.50%
3Y*
19.36%
5Y*
10.50%
10Y*
11.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSVM vs. ONEO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XSVM
Invesco S&P SmallCap Value with Momentum ETF		16.87%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-12.33%3.62%
ONEO
SPDR Russell 1000 Momentum Focus ETF		17.85%10.61%15.01%15.64%-12.01%26.72%10.76%26.53%-12.41%21.16%

Correlation

The correlation between XSVM and ONEO 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

0.83

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

0.86

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

0.80

Correlation (All Time)
Calculated using the full available price history since Dec 4, 2015

0.78

The correlation between XSVM and ONEO has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.

XSVM vs. ONEO - Sectors Allocation Comparison

Sectors
XSVM
ONEO

Financial Services

38.8%
9.4%

Consumer Cyclical

17.0%
11.6%

Energy

9.9%
7.3%

Technology

7.8%
21.9%

Consumer Defensive

7.3%
5.4%

Industrials

6.7%
18.0%

Real Estate

5.0%
2.9%

Communication Services

2.9%
3.6%

Basic Materials

1.9%
4.7%

Healthcare

1.4%
9.5%

Utilities

1.3%
5.8%

Financial Services

XSVM
38.8%
ONEO
9.4%

Consumer Cyclical

XSVM
17.0%
ONEO
11.6%

Energy

XSVM
9.9%
ONEO
7.3%

Technology

XSVM
7.8%
ONEO
21.9%

Consumer Defensive

XSVM
7.3%
ONEO
5.4%

Industrials

XSVM
6.7%
ONEO
18.0%

Real Estate

XSVM
5.0%
ONEO
2.9%

Communication Services

XSVM
2.9%
ONEO
3.6%

Basic Materials

XSVM
1.9%
ONEO
4.7%

Healthcare

XSVM
1.4%
ONEO
9.5%

Utilities

XSVM
1.3%
ONEO
5.8%

Compare stocks, funds, or ETFs

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Invesco S&P SmallCap Value with Momentum ETF

SPDR Russell 1000 Momentum Focus ETF

Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX
Often compared with ONEO:
ONEO vs. ONEVONEO vs. ONEYONEO vs. JOETONEO vs. FSPGXONEO vs. MTUMONEO vs. QMOMONEO vs. JCTR

Return for Risk

XSVM vs. ONEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSVM
XSVM Risk / Return Rank: 5858
Overall Rank
XSVM Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 5656
Sortino Ratio Rank
XSVM Omega Ratio Rank: 5353
Omega Ratio Rank
XSVM Calmar Ratio Rank: 6969
Calmar Ratio Rank
XSVM Martin Ratio Rank: 5959
Martin Ratio Rank
ONEO
ONEO Risk / Return Rank: 6969
Overall Rank
ONEO Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
ONEO Sortino Ratio Rank: 6666
Sortino Ratio Rank
ONEO Omega Ratio Rank: 6161
Omega Ratio Rank
ONEO Calmar Ratio Rank: 7575
Calmar Ratio Rank
ONEO Martin Ratio Rank: 7777
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.

XSVM vs. ONEO - 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 SPDR Russell 1000 Momentum Focus ETF (ONEO). 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.

XSVMONEODifference
Sharpe ratioReturn per unit of total volatility
1.88
2.16

-0.28

Sortino ratioReturn per unit of downside risk
2.74
3.09

-0.36

Omega ratioGain probability vs. loss probability

1.33

1.38

-0.05

Calmar ratioReturn relative to maximum drawdown

3.46

3.75

-0.29

Martin ratioReturn relative to average drawdown

10.66

14.86

-4.21

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. ONEO - Sharpe Ratio Comparison

The current XSVM Sharpe Ratio is 1.88, which is comparable to the ONEO Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of XSVM and ONEO, 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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Sharpe Ratios by Period

XSVMONEODifference

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

0.61

-0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.51

0.64

-0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

0.63

-0.26

Drawdowns

XSVM vs. ONEO - Drawdown Comparison

The maximum XSVM drawdown since its inception was -62.57%, which is greater than ONEO's maximum drawdown of -40.86%. Use the drawdown chart below to compare losses from any high point for XSVM and ONEO.

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Drawdown Indicators

XSVMONEODifference

Max Drawdown

Largest peak-to-trough decline

-62.57%

-40.86%

-21.71%

Max Drawdown (1Y)

Largest decline over 1 year

-10.08%

-7.37%

-2.71%

Max Drawdown (3Y)

Largest decline over 3 years

-26.21%

-19.72%

-6.49%

Max Drawdown (5Y)

Largest decline over 5 years

-26.21%

-22.39%

-3.82%

Max Drawdown (10Y)

Largest decline over 10 years

-49.02%

-40.86%

-8.16%

Current Drawdown

Current decline from peak

-1.47%

0.00%

-1.47%

Average Drawdown

Average peak-to-trough decline

-11.57%

-5.00%

-6.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.27%

1.86%

+1.41%

Volatility

XSVM vs. ONEO - Volatility Comparison

Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a higher volatility of 5.24% compared to SPDR Russell 1000 Momentum Focus ETF (ONEO) at 3.77%. This indicates that XSVM's price experiences larger fluctuations and is considered to be riskier than ONEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSVMONEODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.24%

3.77%

+1.47%

Volatility (6M)

Calculated over the trailing 6-month period

12.05%

9.66%

+2.39%

Volatility (1Y)

Calculated over the trailing 1-year period

18.59%

12.84%

+5.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.71%

17.22%

+5.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.09%

18.66%

+6.43%

XSVM vs. ONEO - Expense Ratio Comparison

XSVM has a 0.37% expense ratio, which is higher than ONEO's 0.20% expense ratio.

Dividends

XSVM vs. ONEO - Dividend Comparison

XSVM's dividend yield for the trailing twelve months is around 1.81%, more than ONEO's 1.16% yield.

PositionTTM20252024202320222021202020192018201720162015
ONEO
SPDR Russell 1000 Momentum Focus ETF		1.16%1.29%1.30%1.56%1.73%1.19%1.28%1.64%1.72%7.69%1.82%0.17%
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

XSVM and ONEO 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.

XSVM has higher volatility (5.24%) compared to ONEO (3.77%). In terms of maximum drawdown, XSVM dropped -62.57% vs ONEO's -40.86%.

On 10-year performance, XSVM leads with 12.72% vs 11.94% for ONEO. On fees, ONEO is cheaper at 0.20% per year. On volatility, ONEO has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, XSVM has performed better with a 12.72% return vs 11.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ONEO is cheaper with a 0.20% expense ratio, compared with 0.37% for XSVM.

XSVM has the higher dividend yield at 1.81%, compared with 1.16% for ONEO.

XSVM tracks S&P SmallCap 600 High Momentum Value Index, while ONEO tracks Russell 1000 Momentum Focused Factor Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.37% for XSVM and 0.20% for ONEO.

ONEO 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.

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