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XSVM vs. QQQA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSVM vs. QQQA

Last updated Jul 14, 2026
Documentation

XSVM (Invesco S&P SmallCap Value with Momentum ETF) and QQQA (ProShares Nasdaq-100 Dorsey Wright Momentum ETF) are both exchange-traded funds - XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index, while QQQA is a Nasdaq-100 fund tracking the NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross. Both are passively managed. Over the past 5 years, XSVM returned 9.51%/yr vs 12.18%/yr for QQQA. A 0.50 correlation means they provide meaningful diversification when combined. XSVM charges 0.37%/yr vs 0.58%/yr for QQQA.

Performance

XSVM vs. QQQA - 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 ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA). 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 23.59% return, which is significantly lower than QQQA's 49.46% return.

XSVM

1D
-0.04%
1M
1.41%
6M
18.51%
YTD
23.59%
1Y
32.79%
3Y*
15.86%
5Y*
9.51%
10Y*
12.94%

QQQA

1D
-4.43%
1M
-8.65%
6M
42.14%
YTD
49.46%
1Y
67.89%
3Y*
27.46%
5Y*
12.18%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSVM vs. QQQA - Yearly Performance Comparison

2026 (YTD)20252024202320222021
XSVM
Invesco S&P SmallCap Value with Momentum ETF		23.59%7.47%2.30%20.20%-13.63%9.14%
QQQA
ProShares Nasdaq-100 Dorsey Wright Momentum ETF		49.46%9.87%16.17%24.98%-29.08%9.84%

Correlation

The correlation between XSVM and QQQA is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.40

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

0.43

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

0.51

Correlation (All Time)
Calculated using the full available price history since May 20, 2021

0.50

The correlation between XSVM and QQQA shifts across timeframes, from 0.40 (1 year) to 0.51 (5 years), reflecting how their relationship changes across market environments.

XSVM vs. QQQA - Sectors Allocation Comparison

Sectors
XSVM
QQQA

Financial Services

42.7%

-

Consumer Cyclical

15.6%
3.5%

Real Estate

7.7%

-

Energy

5.7%
6.3%

Industrials

4.7%

-

Basic Materials

4.2%

-

Technology

2.9%
76.2%

Utilities

2.1%

-

Communication Services

1.9%
7.5%

Consumer Defensive

1.8%

-

Healthcare

1.7%
6.5%

Financial Services

XSVM
42.7%
QQQA

-

Consumer Cyclical

XSVM
15.6%
QQQA
3.5%

Real Estate

XSVM
7.7%
QQQA

-

Energy

XSVM
5.7%
QQQA
6.3%

Industrials

XSVM
4.7%
QQQA

-

Basic Materials

XSVM
4.2%
QQQA

-

Technology

XSVM
2.9%
QQQA
76.2%

Utilities

XSVM
2.1%
QQQA

-

Communication Services

XSVM
1.9%
QQQA
7.5%

Consumer Defensive

XSVM
1.8%
QQQA

-

Healthcare

XSVM
1.7%
QQQA
6.5%

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

ProShares Nasdaq-100 Dorsey Wright Momentum ETF

Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX
Often compared with QQQA:
QQQA vs. QQQQQQA vs. QQQMQQQA vs. JEPQQQQA vs. MOATQQQA vs. SPMOQQQA vs. JEPIQQQA vs. SPY

Return for Risk

XSVM vs. QQQA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSVM
XSVM Risk / Return Rank: 7272
Overall Rank
XSVM Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 7474
Sortino Ratio Rank
XSVM Omega Ratio Rank: 6868
Omega Ratio Rank
XSVM Calmar Ratio Rank: 7979
Calmar Ratio Rank
XSVM Martin Ratio Rank: 7070
Martin Ratio Rank
QQQA
QQQA Risk / Return Rank: 8181
Overall Rank
QQQA Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
QQQA Sortino Ratio Rank: 6969
Sortino Ratio Rank
QQQA Omega Ratio Rank: 7575
Omega Ratio Rank
QQQA Calmar Ratio Rank: 9191
Calmar Ratio Rank
QQQA Martin Ratio Rank: 8787
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. QQQA - 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 ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA). 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.

XSVMQQQADifference
Sharpe ratioReturn per unit of total volatility
1.81
2.08

-0.27

Sortino ratioReturn per unit of downside risk
2.65
2.52

+0.13

Omega ratioGain probability vs. loss probability

1.32

1.35

-0.03

Calmar ratioReturn relative to maximum drawdown

3.27

4.68

-1.41

Martin ratioReturn relative to average drawdown

10.11

14.60

-4.49

XSVM vs. QQQA - Sharpe Ratio Comparison

The current XSVM Sharpe Ratio is 1.81, which is comparable to the QQQA Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of XSVM and QQQA, 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. QQQA - Drawdown Comparison

The maximum XSVM drawdown since its inception was -62.57%, which is greater than QQQA's maximum drawdown of -38.44%. Use the drawdown chart below to compare losses from any high point for XSVM and QQQA.

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Drawdown Indicators

XSVMQQQADifference

Max Drawdown

Largest peak-to-trough decline

-62.57%

-38.44%

-24.13%

Max Drawdown (1Y)

Largest decline over 1 year

-10.08%

-14.58%

+4.50%

Max Drawdown (3Y)

Largest decline over 3 years

-26.21%

-30.84%

+4.63%

Max Drawdown (5Y)

Largest decline over 5 years

-26.21%

-38.44%

+12.23%

Max Drawdown (10Y)

Largest decline over 10 years

-49.02%

—

—

Current Drawdown

Current decline from peak

-0.71%

-14.58%

+13.87%

Average Drawdown

Average peak-to-trough decline

-11.51%

-15.48%

+3.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.25%

4.67%

-1.42%

Volatility

XSVM vs. QQQA - Volatility Comparison

The current volatility for Invesco S&P SmallCap Value with Momentum ETF (XSVM) is 4.40%, while ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) has a volatility of 18.17%. This indicates that XSVM experiences smaller price fluctuations and is considered to be less risky than QQQA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSVMQQQADifference

Volatility (1M)

Calculated over the trailing 1-month period

4.40%

18.17%

-13.77%

Volatility (6M)

Calculated over the trailing 6-month period

12.24%

29.61%

-17.37%

Volatility (1Y)

Calculated over the trailing 1-year period

18.22%

32.87%

-14.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.46%

27.31%

-4.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.00%

27.02%

-2.02%

XSVM vs. QQQA - Expense Ratio Comparison

XSVM has a 0.37% expense ratio, which is lower than QQQA's 0.58% expense ratio.

Dividends

XSVM vs. QQQA - Dividend Comparison

XSVM's dividend yield for the trailing twelve months is around 1.78%, more than QQQA's 0.02% yield.

PositionTTM20252024202320222021202020192018201720162015
QQQA
ProShares Nasdaq-100 Dorsey Wright Momentum ETF		0.02%0.10%0.09%0.34%0.28%0.10%0.00%0.00%0.00%0.00%0.00%0.00%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.78%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 QQQA have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQA has higher volatility (18.17%) compared to XSVM (4.40%). In terms of maximum drawdown, XSVM dropped -62.57% vs QQQA's -38.44%.

On 5-year performance, QQQA leads with 12.18% vs 9.51% for XSVM. On fees, XSVM is cheaper at 0.37% per year. On volatility, XSVM has been the lower-risk option at 4.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, QQQA has performed better with a 12.18% return vs 9.51%. 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 0.58% for QQQA.

XSVM has the higher dividend yield at 1.78%, compared with 0.02% for QQQA.

XSVM is categorized as Momentum, while QQQA is Nasdaq-100. XSVM tracks S&P SmallCap 600 High Momentum Value Index, while QQQA tracks NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross. They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.37% for XSVM and 0.58% for QQQA.

QQQA currently has the higher Sharpe Ratio (2.08 vs 1.81), 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.

Portfolio Optimizer

Find the right allocation for XSVM and QQQA

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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