Correlation
The correlation between XSVM and SPY is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
XSVM vs. SPY
Compare and contrast key facts about Invesco S&P SmallCap Value with Momentum ETF (XSVM) and SPDR S&P 500 ETF (SPY).
XSVM and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSVM is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Index. It was launched on Mar 3, 2005. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both XSVM and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XSVM or SPY.
Performance
XSVM vs. SPY - Performance Comparison
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Key characteristics
XSVM:
-0.30
SPY:
0.57
XSVM:
-0.41
SPY:
0.87
XSVM:
0.95
SPY:
1.13
XSVM:
-0.36
SPY:
0.55
XSVM:
-0.87
SPY:
2.11
XSVM:
10.79%
SPY:
4.91%
XSVM:
24.69%
SPY:
20.35%
XSVM:
-62.57%
SPY:
-55.19%
XSVM:
-17.87%
SPY:
-5.23%
Returns By Period
In the year-to-date period, XSVM achieves a -8.94% return, which is significantly lower than SPY's -0.89% return. Over the past 10 years, XSVM has underperformed SPY with an annualized return of 8.71%, while SPY has yielded a comparatively higher 12.57% annualized return.
XSVM
-8.94%
2.54%
-17.87%
-8.17%
2.24%
18.44%
8.71%
SPY
-0.89%
5.17%
-2.46%
10.77%
15.38%
16.09%
12.57%
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XSVM vs. SPY - Expense Ratio Comparison
XSVM has a 0.39% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
XSVM vs. SPY — Risk-Adjusted Performance Rank
XSVM
SPY
XSVM vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Value with Momentum ETF (XSVM) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
XSVM vs. SPY - Dividend Comparison
XSVM's dividend yield for the trailing twelve months is around 2.23%, more than SPY's 1.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSVM Invesco S&P SmallCap Value with Momentum ETF | 2.23% | 1.69% | 1.31% | 1.79% | 1.23% | 1.21% | 1.22% | 2.54% | 1.90% | 2.29% | 2.68% | 1.32% |
SPY SPDR S&P 500 ETF | 1.24% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
XSVM vs. SPY - Drawdown Comparison
The maximum XSVM drawdown since its inception was -62.57%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XSVM and SPY.
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Volatility
XSVM vs. SPY - Volatility Comparison
Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a higher volatility of 5.91% compared to SPDR S&P 500 ETF (SPY) at 4.45%. This indicates that XSVM's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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