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XSVM vs. QQQM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSVM vs. QQQM

Last updated Jun 24, 2026

XSVM (Invesco S&P SmallCap Value with Momentum ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, XSVM returned 7.87%/yr vs 16.11%/yr for QQQM. At a 0.48 correlation, their price movements are largely independent. XSVM charges 0.37%/yr vs 0.15%/yr for QQQM.

Performance

XSVM vs. QQQM - 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 NASDAQ 100 ETF (QQQM). 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 higher than QQQM's 16.48% 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%

QQQM

1D
-3.30%
1M
-0.42%
YTD
16.48%
6M
15.00%
1Y
34.99%
3Y*
26.15%
5Y*
16.11%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSVM vs. QQQM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
XSVM
Invesco S&P SmallCap Value with Momentum ETF		20.98%7.47%2.30%20.20%-13.63%56.36%17.16%
QQQM
Invesco NASDAQ 100 ETF		16.48%20.85%25.68%55.01%-32.52%27.45%6.64%

Correlation

The correlation between XSVM and QQQM is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.43

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

0.47

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

0.54

Correlation (All Time)
Calculated using the full available price history since Oct 13, 2020

0.48

The correlation between XSVM and QQQM shifts across timeframes, from 0.43 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.

XSVM vs. QQQM - Sectors Allocation Comparison

Sectors
XSVM
QQQM

Financial Services

38.7%
0.2%

Consumer Cyclical

17.4%
11.4%

Technology

9.5%
58.7%

Energy

9.3%
0.5%

Consumer Defensive

6.9%
6.4%

Industrials

6.3%
2.6%

Real Estate

4.8%
0.1%

Communication Services

2.8%
14.3%

Basic Materials

2.0%
1.0%

Utilities

1.2%
1.2%

Healthcare

1.1%
3.7%

Financial Services

XSVM
38.7%
QQQM
0.2%

Consumer Cyclical

XSVM
17.4%
QQQM
11.4%

Technology

XSVM
9.5%
QQQM
58.7%

Energy

XSVM
9.3%
QQQM
0.5%

Consumer Defensive

XSVM
6.9%
QQQM
6.4%

Industrials

XSVM
6.3%
QQQM
2.6%

Real Estate

XSVM
4.8%
QQQM
0.1%

Communication Services

XSVM
2.8%
QQQM
14.3%

Basic Materials

XSVM
2.0%
QQQM
1.0%

Utilities

XSVM
1.2%
QQQM
1.2%

Healthcare

XSVM
1.1%
QQQM
3.7%

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 NASDAQ 100 ETF

Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX
Often compared with QQQM:
QQQM vs. QQQQQQM vs. SCHGQQQM vs. VOOQQQM vs. VGTQQQM vs. SCHDQQQM vs. FTECQQQM vs. JEPQ

Return for Risk

XSVM vs. QQQM — 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
QQQM
QQQM Risk / Return Rank: 6060
Overall Rank
QQQM Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
QQQM Sortino Ratio Rank: 5656
Sortino Ratio Rank
QQQM Omega Ratio Rank: 5959
Omega Ratio Rank
QQQM Calmar Ratio Rank: 6161
Calmar Ratio Rank
QQQM Martin Ratio Rank: 6262
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. QQQM - 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 NASDAQ 100 ETF (QQQM). 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.

XSVMQQQMDifference
Sharpe ratioReturn per unit of total volatility
2.03
1.97

+0.05

Sortino ratioReturn per unit of downside risk
2.93
2.58

+0.35

Omega ratioGain probability vs. loss probability

1.36

1.35

+0.01

Calmar ratioReturn relative to maximum drawdown

3.70

2.94

+0.76

Martin ratioReturn relative to average drawdown

11.45

10.88

+0.56

XSVM vs. QQQM - Sharpe Ratio Comparison

The current XSVM Sharpe Ratio is 2.03, which is comparable to the QQQM Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of XSVM and QQQM, 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. QQQM - Drawdown Comparison

The maximum XSVM drawdown since its inception was -62.57%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for XSVM and QQQM.

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Drawdown Indicators

XSVMQQQMDifference

Max Drawdown

Largest peak-to-trough decline

-62.57%

-35.04%

-27.53%

Max Drawdown (1Y)

Largest decline over 1 year

-10.08%

-11.96%

+1.88%

Max Drawdown (3Y)

Largest decline over 3 years

-26.21%

-22.70%

-3.51%

Max Drawdown (5Y)

Largest decline over 5 years

-26.21%

-35.04%

+8.83%

Max Drawdown (10Y)

Largest decline over 10 years

-49.02%

—

—

Current Drawdown

Current decline from peak

-0.73%

-4.24%

+3.51%

Average Drawdown

Average peak-to-trough decline

-11.54%

-8.20%

-3.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.25%

3.22%

+0.03%

Volatility

XSVM vs. QQQM - Volatility Comparison

The current volatility for Invesco S&P SmallCap Value with Momentum ETF (XSVM) is 4.63%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 9.00%. This indicates that XSVM experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSVMQQQMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.63%

9.00%

-4.37%

Volatility (6M)

Calculated over the trailing 6-month period

12.28%

14.43%

-2.15%

Volatility (1Y)

Calculated over the trailing 1-year period

18.54%

17.85%

+0.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.55%

22.53%

+0.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.07%

22.30%

+2.77%

XSVM vs. QQQM - Expense Ratio Comparison

XSVM has a 0.37% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

XSVM vs. QQQM - Dividend Comparison

XSVM's dividend yield for the trailing twelve months is around 1.82%, more than QQQM's 0.44% yield.

PositionTTM20252024202320222021202020192018201720162015
QQQM
Invesco NASDAQ 100 ETF		0.44%0.50%0.61%0.65%0.83%0.40%0.16%0.00%0.00%0.00%0.00%0.00%
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 QQQM have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQM has higher volatility (9.00%) compared to XSVM (4.63%). In terms of maximum drawdown, XSVM dropped -62.57% vs QQQM's -35.04%.

On 5-year performance, QQQM leads with 16.11% vs 7.87% for XSVM. On fees, QQQM is cheaper at 0.15% 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 5-year period, QQQM has performed better with a 16.11% return vs 7.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQM is cheaper with a 0.15% expense ratio, compared with 0.37% for XSVM.

XSVM has the higher dividend yield at 1.82%, compared with 0.44% for QQQM.

XSVM is categorized as Momentum, while QQQM is Nasdaq-100. XSVM tracks S&P SmallCap 600 High Momentum Value Index, while QQQM tracks NASDAQ-100 Index. Their fees differ too: 0.37% for XSVM and 0.15% for QQQM.

XSVM currently has the higher Sharpe Ratio (2.03 vs 1.97), 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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