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XSVM vs. SCHX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSVM vs. SCHX

Last updated Jun 13, 2026

XSVM (Invesco S&P SmallCap Value with Momentum ETF) and SCHX (Schwab U.S. Large-Cap ETF) are both exchange-traded funds - XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index, while SCHX is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Large-Cap Total Stock Market Index. Both are passively managed. Over the past 10 years, XSVM returned 13.23%/yr vs 15.35%/yr for SCHX. A 0.74 correlation means they provide meaningful diversification when combined. XSVM charges 0.37%/yr vs 0.03%/yr for SCHX.

Performance

XSVM vs. SCHX - 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 Schwab U.S. Large-Cap ETF (SCHX). 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 21.88% return, which is significantly higher than SCHX's 8.86% return. Over the past 10 years, XSVM has underperformed SCHX with an annualized return of 13.23%, while SCHX has yielded a comparatively higher 15.35% annualized return.

XSVM

1D
1.17%
1M
5.46%
YTD
21.88%
6M
18.48%
1Y
42.01%
3Y*
16.38%
5Y*
7.44%
10Y*
13.23%

SCHX

1D
0.48%
1M
-0.68%
YTD
8.86%
6M
9.10%
1Y
25.11%
3Y*
20.84%
5Y*
12.76%
10Y*
15.35%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSVM vs. SCHX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XSVM
Invesco S&P SmallCap Value with Momentum ETF		21.88%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-12.33%3.62%
SCHX
Schwab U.S. Large-Cap ETF		8.86%17.46%24.88%26.84%-19.41%26.81%20.81%31.22%-4.66%21.95%

Correlation

The correlation between XSVM and SCHX is 0.61, 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

0.61

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

0.65

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

0.70

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

0.67

Correlation (All Time)
Calculated using the full available price history since Nov 3, 2009

0.74

The correlation between XSVM and SCHX shifts across timeframes, from 0.61 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

XSVM vs. SCHX - Sectors Allocation Comparison

Sectors
XSVM
SCHX

Financial Services

38.8%
9.9%

Consumer Cyclical

17.0%
9.7%

Energy

9.9%
3.2%

Technology

7.8%
38.3%

Consumer Defensive

7.3%
4.4%

Industrials

6.7%
8.4%

Real Estate

5.0%
2.0%

Communication Services

2.9%
10.1%

Basic Materials

1.9%
1.8%

Healthcare

1.4%
8.4%

Utilities

1.3%
2.5%

Financial Services

XSVM
38.8%
SCHX
9.9%

Consumer Cyclical

XSVM
17.0%
SCHX
9.7%

Energy

XSVM
9.9%
SCHX
3.2%

Technology

XSVM
7.8%
SCHX
38.3%

Consumer Defensive

XSVM
7.3%
SCHX
4.4%

Industrials

XSVM
6.7%
SCHX
8.4%

Real Estate

XSVM
5.0%
SCHX
2.0%

Communication Services

XSVM
2.9%
SCHX
10.1%

Basic Materials

XSVM
1.9%
SCHX
1.8%

Healthcare

XSVM
1.4%
SCHX
8.4%

Utilities

XSVM
1.3%
SCHX
2.5%

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

Schwab U.S. Large-Cap ETF

Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX
Often compared with SCHX:
SCHX vs. VOOSCHX vs. SWPPXSCHX vs. SCHGSCHX vs. SCHBSCHX vs. SCHDSCHX vs. SPYSCHX vs. FNDX

Return for Risk

XSVM vs. SCHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSVM
XSVM Risk / Return Rank: 7676
Overall Rank
XSVM Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 7878
Sortino Ratio Rank
XSVM Omega Ratio Rank: 7272
Omega Ratio Rank
XSVM Calmar Ratio Rank: 8383
Calmar Ratio Rank
XSVM Martin Ratio Rank: 7373
Martin Ratio Rank
SCHX
SCHX Risk / Return Rank: 6666
Overall Rank
SCHX Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
SCHX Sortino Ratio Rank: 6565
Sortino Ratio Rank
SCHX Omega Ratio Rank: 6767
Omega Ratio Rank
SCHX Calmar Ratio Rank: 6161
Calmar Ratio Rank
SCHX Martin Ratio Rank: 7272
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. SCHX - 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 Schwab U.S. Large-Cap ETF (SCHX). 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.

XSVMSCHXDifference
Sharpe ratioReturn per unit of total volatility
2.09
1.91

+0.19

Sortino ratioReturn per unit of downside risk
3.00
2.58

+0.41

Omega ratioGain probability vs. loss probability

1.37

1.34

+0.02

Calmar ratioReturn relative to maximum drawdown

3.86

2.63

+1.23

Martin ratioReturn relative to average drawdown

11.98

11.65

+0.34

XSVM vs. SCHX - Sharpe Ratio Comparison

The current XSVM Sharpe Ratio is 2.09, which is comparable to the SCHX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of XSVM and SCHX, 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. SCHX - Drawdown Comparison

The maximum XSVM drawdown since its inception was -62.57%, which is greater than SCHX's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for XSVM and SCHX.

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Drawdown Indicators

XSVMSCHXDifference

Max Drawdown

Largest peak-to-trough decline

-62.57%

-34.33%

-28.24%

Max Drawdown (1Y)

Largest decline over 1 year

-10.08%

-9.02%

-1.06%

Max Drawdown (3Y)

Largest decline over 3 years

-26.21%

-19.04%

-7.17%

Max Drawdown (5Y)

Largest decline over 5 years

-26.21%

-25.41%

-0.80%

Max Drawdown (10Y)

Largest decline over 10 years

-49.02%

-34.33%

-14.69%

Current Drawdown

Current decline from peak

0.00%

-2.37%

+2.37%

Average Drawdown

Average peak-to-trough decline

-11.55%

-3.96%

-7.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.26%

2.04%

+1.22%

Volatility

XSVM vs. SCHX - Volatility Comparison

Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a higher volatility of 5.09% compared to Schwab U.S. Large-Cap ETF (SCHX) at 4.47%. This indicates that XSVM's price experiences larger fluctuations and is considered to be riskier than SCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSVMSCHXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.09%

4.47%

+0.62%

Volatility (6M)

Calculated over the trailing 6-month period

12.03%

9.71%

+2.32%

Volatility (1Y)

Calculated over the trailing 1-year period

18.60%

12.47%

+6.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.61%

17.19%

+5.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.08%

18.17%

+6.91%

XSVM vs. SCHX - Expense Ratio Comparison

XSVM has a 0.37% expense ratio, which is higher than SCHX's 0.03% expense ratio.

Dividends

XSVM vs. SCHX - Dividend Comparison

XSVM's dividend yield for the trailing twelve months is around 1.74%, more than SCHX's 1.02% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHX
Schwab U.S. Large-Cap ETF		1.02%1.09%1.22%1.39%1.64%1.22%1.64%1.82%2.02%1.70%1.92%2.04%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.74%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 SCHX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XSVM has higher volatility (5.09%) compared to SCHX (4.47%). In terms of maximum drawdown, XSVM dropped -62.57% vs SCHX's -34.33%.

On 10-year performance, SCHX leads with 15.35% vs 13.23% for XSVM. On fees, SCHX is cheaper at 0.03% per year. On volatility, SCHX has been the lower-risk option at 4.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHX has performed better with a 15.35% return vs 13.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHX is cheaper with a 0.03% expense ratio, compared with 0.37% for XSVM.

XSVM has the higher dividend yield at 1.74%, compared with 1.02% for SCHX.

XSVM is categorized as Momentum, while SCHX is Large Cap Blend Equities. XSVM tracks S&P SmallCap 600 High Momentum Value Index, while SCHX tracks Dow Jones U.S. Large-Cap Total Stock Market Index. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.37% for XSVM and 0.03% for SCHX.

XSVM currently has the higher Sharpe Ratio (2.09 vs 1.91), 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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