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XSVM vs. PRN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSVM vs. PRN

Last updated Jun 24, 2026

XSVM (Invesco S&P SmallCap Value with Momentum ETF) and PRN (Invesco DWA Industrials Momentum ETF) are both Momentum funds from Invesco - XSVM tracks the S&P SmallCap 600 High Momentum Value Index while PRN tracks the DWA Industrials Technical Leaders Index. Both are passively managed. Over the past 10 years, XSVM returned 13.32%/yr vs 19.03%/yr for PRN. A 0.76 correlation means they provide meaningful diversification when combined. XSVM charges 0.37%/yr vs 0.60%/yr for PRN.

Performance

XSVM vs. PRN - 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 Invesco DWA Industrials Momentum ETF (PRN). 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 20.98% return, which is significantly lower than PRN's 45.08% return. Over the past 10 years, XSVM has underperformed PRN with an annualized return of 13.32%, while PRN has yielded a comparatively higher 19.03% annualized return.

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%

PRN

1D
-3.57%
1M
6.97%
YTD
45.08%
6M
39.29%
1Y
65.87%
3Y*
36.27%
5Y*
20.84%
10Y*
19.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSVM vs. PRN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XSVM
Invesco S&P SmallCap Value with Momentum ETF		20.98%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-12.33%3.62%
PRN
Invesco DWA Industrials Momentum ETF		45.08%13.74%30.35%37.96%-25.09%25.21%36.39%34.52%-16.19%22.82%

Correlation

The correlation between XSVM and PRN is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.51

Correlation (3Y)
Calculated over the trailing 3-year period

0.66

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

0.73

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

0.69

Correlation (All Time)
Calculated using the full available price history since Oct 12, 2006

0.76

Over the past year, the correlation between XSVM and PRN has dropped to 0.51 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

XSVM vs. PRN - Sectors Allocation Comparison

Sectors
XSVM
PRN

Financial Services

38.7%
0.1%

Consumer Cyclical

17.4%
1.2%

Technology

9.5%
20.4%

Energy

9.3%
1.6%

Consumer Defensive

6.9%

-

Industrials

6.3%
78.2%

Real Estate

4.8%

-

Communication Services

2.8%

-

Basic Materials

2.0%
1.8%

Utilities

1.2%

-

Healthcare

1.1%

-

Financial Services

XSVM
38.7%
PRN
0.1%

Consumer Cyclical

XSVM
17.4%
PRN
1.2%

Technology

XSVM
9.5%
PRN
20.4%

Energy

XSVM
9.3%
PRN
1.6%

Consumer Defensive

XSVM
6.9%
PRN

-

Industrials

XSVM
6.3%
PRN
78.2%

Real Estate

XSVM
4.8%
PRN

-

Communication Services

XSVM
2.8%
PRN

-

Basic Materials

XSVM
2.0%
PRN
1.8%

Utilities

XSVM
1.2%
PRN

-

Healthcare

XSVM
1.1%
PRN

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P SmallCap Value with Momentum ETF

Invesco DWA Industrials Momentum ETF

Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX
Often compared with PRN:
PRN vs. VISPRN vs. XLIPRN vs. RWKPRN vs. PPAPRN vs. TRFKPRN vs. FIDUPRN vs. IMCG

Return for Risk

XSVM vs. PRN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSVM
XSVM Risk / Return Rank: 6767
Overall Rank
XSVM Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 6767
Sortino Ratio Rank
XSVM Omega Ratio Rank: 6262
Omega Ratio Rank
XSVM Calmar Ratio Rank: 7676
Calmar Ratio Rank
XSVM Martin Ratio Rank: 6666
Martin Ratio Rank
PRN
PRN Risk / Return Rank: 7272
Overall Rank
PRN Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
PRN Sortino Ratio Rank: 6262
Sortino Ratio Rank
PRN Omega Ratio Rank: 6161
Omega Ratio Rank
PRN Calmar Ratio Rank: 8787
Calmar Ratio Rank
PRN Martin Ratio Rank: 8181
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. PRN - 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 Invesco DWA Industrials Momentum ETF (PRN). 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.

XSVMPRNDifference
Sharpe ratioReturn per unit of total volatility
2.03
2.18

-0.15

Sortino ratioReturn per unit of downside risk
2.93
2.72

+0.20

Omega ratioGain probability vs. loss probability

1.36

1.35

0.00

Calmar ratioReturn relative to maximum drawdown

3.70

4.68

-0.98

Martin ratioReturn relative to average drawdown

11.45

15.34

-3.89

XSVM vs. PRN - Sharpe Ratio Comparison

The current XSVM Sharpe Ratio is 2.03, which is comparable to the PRN Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of XSVM and PRN, 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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Drawdowns

XSVM vs. PRN - Drawdown Comparison

The maximum XSVM drawdown since its inception was -62.57%, roughly equal to the maximum PRN drawdown of -59.88%. Use the drawdown chart below to compare losses from any high point for XSVM and PRN.

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Drawdown Indicators

XSVMPRNDifference

Max Drawdown

Largest peak-to-trough decline

-62.57%

-59.88%

-2.69%

Max Drawdown (1Y)

Largest decline over 1 year

-10.08%

-14.15%

+4.07%

Max Drawdown (3Y)

Largest decline over 3 years

-26.21%

-30.78%

+4.57%

Max Drawdown (5Y)

Largest decline over 5 years

-26.21%

-34.84%

+8.63%

Max Drawdown (10Y)

Largest decline over 10 years

-49.02%

-36.27%

-12.75%

Current Drawdown

Current decline from peak

-0.73%

-3.57%

+2.84%

Average Drawdown

Average peak-to-trough decline

-11.54%

-10.82%

-0.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.25%

4.31%

-1.06%

Volatility

XSVM vs. PRN - Volatility Comparison

The current volatility for Invesco S&P SmallCap Value with Momentum ETF (XSVM) is 4.63%, while Invesco DWA Industrials Momentum ETF (PRN) has a volatility of 12.02%. This indicates that XSVM experiences smaller price fluctuations and is considered to be less risky than PRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSVMPRNDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.63%

12.02%

-7.39%

Volatility (6M)

Calculated over the trailing 6-month period

12.28%

24.35%

-12.07%

Volatility (1Y)

Calculated over the trailing 1-year period

18.54%

30.47%

-11.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.55%

25.41%

-2.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.07%

24.38%

+0.69%

XSVM vs. PRN - Expense Ratio Comparison

XSVM has a 0.37% expense ratio, which is lower than PRN's 0.60% expense ratio.

Dividends

XSVM vs. PRN - Dividend Comparison

XSVM's dividend yield for the trailing twelve months is around 1.82%, more than PRN's 0.08% yield.

PositionTTM20252024202320222021202020192018201720162015
PRN
Invesco DWA Industrials Momentum ETF		0.08%0.17%0.39%0.52%0.82%0.11%0.10%0.42%0.29%0.60%0.57%0.44%
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

XSVM and PRN have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PRN has higher volatility (12.02%) compared to XSVM (4.63%). In terms of maximum drawdown, XSVM dropped -62.57% vs PRN's -59.88%.

On 10-year performance, PRN leads with 19.03% vs 13.32% for XSVM. On fees, XSVM is cheaper at 0.37% per year. On volatility, XSVM has been the lower-risk option at 4.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, PRN has performed better with a 19.03% return vs 13.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XSVM is cheaper with a 0.37% expense ratio, compared with 0.60% for PRN.

XSVM has the higher dividend yield at 1.82%, compared with 0.08% for PRN.

XSVM tracks S&P SmallCap 600 High Momentum Value Index, while PRN tracks DWA Industrials Technical Leaders Index. Their fees differ too: 0.37% for XSVM and 0.60% for PRN.

PRN currently has the higher Sharpe Ratio (2.18 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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