XSVM vs. TSCSX

Last updated Aug 4, 2026

XSVM (Invesco S&P SmallCap Value with Momentum ETF) and TSCSX (Thrivent Small Cap Stock Fund Class S) are both funds - XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index, while TSCSX is a Small Cap Blend Equities fund managed by Thrivent. Over the past 10 years, XSVM returned 13.04%/yr vs 12.64%/yr for TSCSX. Their correlation of 0.89 means they have usually moved in the same direction. XSVM charges 0.37%/yr vs 0.80%/yr for TSCSX.

Performance

XSVM vs. TSCSX - 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 Thrivent Small Cap Stock Fund Class S (TSCSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSVM achieves a 27.31% return, which is significantly higher than TSCSX's 15.80% return. Both investments have delivered pretty close results over the past 10 years, with XSVM having a 13.04% annualized return and TSCSX not far behind at 12.64%.

XSVM

• 1D: 1.19%
• 1M: 3.59%
• 6M: 17.18%
• YTD: 27.31%
• 1Y: 43.31%
• 3Y*: 15.08%
• 5Y*: 10.26%
• 10Y*: 13.04%
• ALL TIME*: 9.38%

TSCSX

• 1D: 0.35%
• 1M: -2.20%
• 6M: 8.38%
• YTD: 15.80%
• 1Y: 24.40%
• 3Y*: 10.82%
• 5Y*: 6.70%
• 10Y*: 12.64%
• ALL TIME*: 9.16%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TSCSX Thrivent Small Cap Stock Fund Class S	$0.00	$0.00	$0.00
XSVM Invesco S&P SmallCap Value with Momentum ETF	$2.64M	$2.37M	$2.08M

XSVM vs. TSCSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XSVM Invesco S&P SmallCap Value with Momentum ETF	27.31%	7.47%	2.30%	20.20%	-13.63%	56.36%	5.08%	30.01%	-12.33%	3.62%
TSCSX Thrivent Small Cap Stock Fund Class S	15.80%	2.36%	12.73%	12.47%	-10.94%	24.22%	22.87%	27.92%	-10.52%	21.22%

Correlation

The correlation between XSVM and TSCSX is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since Mar 3, 2005	0.89

The correlation between XSVM and TSCSX has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.

Return for Risk

XSVM vs. TSCSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XSVM

XSVM Risk / Return Rank: 91
XSVM Sharpe Ratio Rank: 92
XSVM Sortino Ratio Rank: 93
XSVM Omega Ratio Rank: 90
XSVM Calmar Ratio Rank: 92
XSVM Martin Ratio Rank: 88

TSCSX

TSCSX Risk / Return Rank: 42
TSCSX Sharpe Ratio Rank: 41
TSCSX Sortino Ratio Rank: 45
TSCSX Omega Ratio Rank: 37
TSCSX Calmar Ratio Rank: 48
TSCSX Martin Ratio Rank: 42

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XSVM vs. TSCSX - 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 Thrivent Small Cap Stock Fund Class S (TSCSX). 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.

	XSVM	TSCSX	Difference
Sharpe ratio: Return per unit of total volatility	2.45	1.30	+1.14
Sortino ratio: Return per unit of downside risk	3.53	1.99	+1.54
Omega ratio: Gain probability vs. loss probability	1.43	1.23	+0.20
Calmar ratio: Return relative to maximum drawdown	4.32	1.96	+2.36
Martin ratio: Return relative to average drawdown	13.79	6.43	+7.36

XSVM vs. TSCSX - Sharpe Ratio Comparison

The current XSVM Sharpe Ratio is 2.45, which is higher than the TSCSX Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of XSVM and TSCSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XSVM vs. TSCSX - Drawdown Comparison

The maximum XSVM drawdown since its inception was -62.57%, which is greater than TSCSX's maximum drawdown of -56.66%. Use the drawdown chart below to compare losses from any high point for XSVM and TSCSX.

Drawdown Indicators

	XSVM	TSCSX	Difference
Max Drawdown Largest peak-to-trough decline	-62.57%	-56.66%	-5.91%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	-11.53%	+1.45%
Max Drawdown (3Y) Largest decline over 3 years	-26.21%	-26.84%	+0.63%
Max Drawdown (5Y) Largest decline over 5 years	-26.21%	-27.04%	+0.83%
Max Drawdown (10Y) Largest decline over 10 years	-49.02%	-41.63%	-7.39%
Current Drawdown Current decline from peak	-0.28%	-3.71%	+3.43%
Average Drawdown Average peak-to-trough decline	-11.48%	-10.20%	-1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	3.51%	-0.36%

Volatility

XSVM vs. TSCSX - Volatility Comparison

Invesco S&P SmallCap Value with Momentum ETF (XSVM) and Thrivent Small Cap Stock Fund Class S (TSCSX) have volatilities of 4.25% and 4.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSVM	TSCSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	4.09%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	11.78%	12.73%	-0.95%
Volatility (1Y) Calculated over the trailing 1-year period	17.83%	17.41%	+0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.34%	21.59%	+0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.01%	22.08%	+2.93%

XSVM vs. TSCSX - Expense Ratio Comparison

XSVM has a 0.37% expense ratio, which is lower than TSCSX's 0.80% expense ratio.

Dividends

XSVM vs. TSCSX - Dividend Comparison

XSVM's dividend yield for the trailing twelve months is around 1.73%, less than TSCSX's 2.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TSCSX Thrivent Small Cap Stock Fund Class S	2.04%	2.36%	3.18%	0.46%	9.60%	11.33%	1.60%	8.72%	15.00%	6.68%	4.19%	8.34%
XSVM Invesco S&P SmallCap Value with Momentum ETF	1.73%	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 TSCSX in my portfolio?

XSVM and TSCSX have a correlation of 0.80, 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 TSCSX?

XSVM has higher volatility (4.25%) compared to TSCSX (4.09%). In terms of maximum drawdown, XSVM dropped -62.57% vs TSCSX's -56.66%.

Which has better risk-adjusted returns?

XSVM currently has the higher Sharpe Ratio (2.45 vs 1.30), 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.