XSVM vs. PRN

Last updated Jun 4, 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 12.72%/yr vs 18.51%/yr for PRN. A 0.77 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.

Returns By Period

In the year-to-date period, XSVM achieves a 16.87% return, which is significantly lower than PRN's 41.80% return. Over the past 10 years, XSVM has underperformed PRN with an annualized return of 12.72%, while PRN has yielded a comparatively higher 18.51% 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%

PRN

• 1D: 0.59%
• 1M: 6.86%
• YTD: 41.80%
• 6M: 45.38%
• 1Y: 65.12%
• 3Y*: 36.96%
• 5Y*: 20.18%
• 10Y*: 18.51%

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

XSVM vs. PRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
PRN Invesco DWA Industrials Momentum ETF	41.80%	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 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Oct 13, 2006	0.77

Over the past year, the correlation between XSVM and PRN has dropped to 0.53 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

XSVM vs. PRN - Sectors Allocation Comparison

Sectors	XSVM	PRN
Financial Services	38.8%	0.1%
Consumer Cyclical	17.0%	1.2%
Energy	9.9%	1.6%
Technology	7.8%	19.4%
Consumer Defensive	7.3%	-
Industrials	6.7%	79.3%
Real Estate	5.0%	-
Communication Services	2.9%	-
Basic Materials	1.9%	1.8%
Healthcare	1.4%	-
Utilities	1.3%	-

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: 58
XSVM Sharpe Ratio Rank: 54
XSVM Sortino Ratio Rank: 56
XSVM Omega Ratio Rank: 53
XSVM Calmar Ratio Rank: 69
XSVM Martin Ratio Rank: 59

PRN

PRN Risk / Return Rank: 70
PRN Sharpe Ratio Rank: 68
PRN Sortino Ratio Rank: 60
PRN Omega Ratio Rank: 60
PRN Calmar Ratio Rank: 84
PRN Martin Ratio Rank: 78

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.

	XSVM	PRN	Difference
Sharpe ratio: Return per unit of total volatility	1.88	2.29	-0.41
Sortino ratio: Return per unit of downside risk	2.74	2.86	-0.12
Omega ratio: Gain probability vs. loss probability	1.33	1.37	-0.04
Calmar ratio: Return relative to maximum drawdown	3.46	4.63	-1.16
Martin ratio: Return relative to average drawdown	10.66	15.45	-4.79
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. PRN - Sharpe Ratio Comparison

The current XSVM Sharpe Ratio is 1.88, which is comparable to the PRN Sharpe Ratio of 2.29. 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.

Sharpe Ratios by Period

	XSVM	PRN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	2.29	-0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.81	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.77	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.52	-0.16

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.

Drawdown Indicators

	XSVM	PRN	Difference
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	-1.47%	-0.47%	-1.00%
Average Drawdown Average peak-to-trough decline	-11.57%	-10.84%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	4.23%	-0.96%

Volatility

XSVM vs. PRN - Volatility Comparison

The current volatility for Invesco S&P SmallCap Value with Momentum ETF (XSVM) is 5.24%, while Invesco DWA Industrials Momentum ETF (PRN) has a volatility of 10.95%. 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.

Volatility by Period

	XSVM	PRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.24%	10.95%	-5.71%
Volatility (6M) Calculated over the trailing 6-month period	12.05%	23.22%	-11.17%
Volatility (1Y) Calculated over the trailing 1-year period	18.59%	28.66%	-10.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.71%	25.03%	-2.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.09%	24.17%	+0.92%

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 1.81%, more than PRN's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRN Invesco DWA Industrials Momentum ETF	0.11%	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	1.81%	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

Can I hold both XSVM and PRN in my portfolio?

XSVM and PRN have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XSVM or PRN?

PRN has higher volatility (10.95%) compared to XSVM (5.24%). In terms of maximum drawdown, XSVM dropped -62.57% vs PRN's -59.88%.

Which ETF is better, XSVM or PRN?

On 10-year performance, PRN leads with 18.51% vs 12.72% for XSVM. On fees, XSVM is cheaper at 0.37% per year. On volatility, XSVM has been the lower-risk option at 5.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XSVM or PRN?

Over the 10-year period, PRN has performed better with a 18.51% return vs 12.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XSVM or PRN?

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

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

XSVM has the higher dividend yield at 1.81%, compared with 0.11% for PRN.

What is the main difference between XSVM and 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.

Which has better risk-adjusted returns?

PRN currently has the higher Sharpe Ratio (2.29 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.