PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XSVM vs. USVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSVM vs. USVM

Last updated Jul 14, 2026
Documentation

XSVM (Invesco S&P SmallCap Value with Momentum ETF) and USVM (VictoryShares US Small Mid Cap Value Momentum ETF) are both Momentum funds - XSVM tracks the S&P SmallCap 600 High Momentum Value Index while USVM tracks the Nasdaq Victory US Small Mid Cap Value Momentum Index. Both are passively managed. Over the past 5 years, XSVM returned 9.51%/yr vs 11.31%/yr for USVM. Their correlation of 0.89 suggests significant overlap in exposure. XSVM charges 0.37%/yr vs 0.29%/yr for USVM.

Performance

XSVM vs. USVM - 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 VictoryShares US Small Mid Cap Value Momentum ETF (USVM). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XSVM achieves a 23.59% return, which is significantly higher than USVM's 20.14% 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%

USVM

1D
-0.19%
1M
0.93%
6M
14.65%
YTD
20.14%
1Y
30.87%
3Y*
19.18%
5Y*
11.31%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSVM vs. USVM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XSVM
Invesco S&P SmallCap Value with Momentum ETF		23.59%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-12.33%4.07%
USVM
VictoryShares US Small Mid Cap Value Momentum ETF		20.14%10.56%16.59%18.90%-13.23%24.44%11.56%21.65%-9.39%2.06%

Correlation

The correlation between XSVM and USVM is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.90

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

0.91

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

0.92

Correlation (All Time)
Calculated using the full available price history since Oct 26, 2017

0.89

The correlation between XSVM and USVM has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

XSVM vs. USVM - Sectors Allocation Comparison

Sectors
XSVM
USVM

Financial Services

42.7%
25.1%

Consumer Cyclical

15.6%
12.3%

Real Estate

7.7%
9.6%

Energy

5.7%
5.1%

Industrials

4.7%
10.6%

Basic Materials

4.2%
1.7%

Technology

2.9%
8.7%

Utilities

2.1%
7.4%

Communication Services

1.9%
3.0%

Consumer Defensive

1.8%
3.7%

Healthcare

1.7%
12.8%

Financial Services

XSVM
42.7%
USVM
25.1%

Consumer Cyclical

XSVM
15.6%
USVM
12.3%

Real Estate

XSVM
7.7%
USVM
9.6%

Energy

XSVM
5.7%
USVM
5.1%

Industrials

XSVM
4.7%
USVM
10.6%

Basic Materials

XSVM
4.2%
USVM
1.7%

Technology

XSVM
2.9%
USVM
8.7%

Utilities

XSVM
2.1%
USVM
7.4%

Communication Services

XSVM
1.9%
USVM
3.0%

Consumer Defensive

XSVM
1.8%
USVM
3.7%

Healthcare

XSVM
1.7%
USVM
12.8%

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

VictoryShares US Small Mid Cap Value Momentum ETF

Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX
Often compared with USVM:
USVM vs. AVUVUSVM vs. VGIAXUSVM vs. XMMOUSVM vs. ZPRS.DEUSVM vs. LGLVUSVM vs. SCHGUSVM vs. ZPRV.DE

Return for Risk

XSVM vs. USVM — 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
USVM
USVM Risk / Return Rank: 8484
Overall Rank
USVM Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
USVM Sortino Ratio Rank: 8686
Sortino Ratio Rank
USVM Omega Ratio Rank: 7979
Omega Ratio Rank
USVM Calmar Ratio Rank: 8585
Calmar Ratio Rank
USVM Martin Ratio Rank: 8686
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. USVM - 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 VictoryShares US Small Mid Cap Value Momentum ETF (USVM). 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.

XSVMUSVMDifference
Sharpe ratioReturn per unit of total volatility
1.81
2.09

-0.28

Sortino ratioReturn per unit of downside risk
2.65
3.06

-0.41

Omega ratioGain probability vs. loss probability

1.32

1.37

-0.04

Calmar ratioReturn relative to maximum drawdown

3.27

3.71

-0.44

Martin ratioReturn relative to average drawdown

10.11

13.98

-3.87

XSVM vs. USVM - Sharpe Ratio Comparison

The current XSVM Sharpe Ratio is 1.81, which is comparable to the USVM Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of XSVM and USVM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

XSVM vs. USVM - Drawdown Comparison

The maximum XSVM drawdown since its inception was -62.57%, which is greater than USVM's maximum drawdown of -42.38%. Use the drawdown chart below to compare losses from any high point for XSVM and USVM.

Loading charts...

Drawdown Indicators

XSVMUSVMDifference

Max Drawdown

Largest peak-to-trough decline

-62.57%

-42.38%

-20.19%

Max Drawdown (1Y)

Largest decline over 1 year

-10.08%

-8.36%

-1.72%

Max Drawdown (3Y)

Largest decline over 3 years

-26.21%

-24.34%

-1.87%

Max Drawdown (5Y)

Largest decline over 5 years

-26.21%

-25.27%

-0.94%

Max Drawdown (10Y)

Largest decline over 10 years

-49.02%

—

—

Current Drawdown

Current decline from peak

-0.71%

-0.92%

+0.21%

Average Drawdown

Average peak-to-trough decline

-11.51%

-7.81%

-3.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.25%

2.21%

+1.04%

Volatility

XSVM vs. USVM - Volatility Comparison

Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a higher volatility of 4.40% compared to VictoryShares US Small Mid Cap Value Momentum ETF (USVM) at 3.46%. This indicates that XSVM's price experiences larger fluctuations and is considered to be riskier than USVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XSVMUSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.40%

3.46%

+0.94%

Volatility (6M)

Calculated over the trailing 6-month period

12.24%

10.86%

+1.38%

Volatility (1Y)

Calculated over the trailing 1-year period

18.22%

14.83%

+3.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.46%

19.57%

+2.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.00%

21.91%

+3.09%

XSVM vs. USVM - Expense Ratio Comparison

XSVM has a 0.37% expense ratio, which is higher than USVM's 0.29% expense ratio.

Dividends

XSVM vs. USVM - Dividend Comparison

XSVM's dividend yield for the trailing twelve months is around 1.78%, less than USVM's 1.83% yield.

PositionTTM20252024202320222021202020192018201720162015
USVM
VictoryShares US Small Mid Cap Value Momentum ETF		1.83%1.84%1.75%1.63%1.43%0.70%1.21%1.77%1.43%0.65%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 USVM have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XSVM has higher volatility (4.40%) compared to USVM (3.46%). In terms of maximum drawdown, XSVM dropped -62.57% vs USVM's -42.38%.

On 5-year performance, USVM leads with 11.31% vs 9.51% for XSVM. On fees, USVM is cheaper at 0.29% per year. On volatility, USVM has been the lower-risk option at 3.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, USVM has performed better with a 11.31% return vs 9.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

USVM is cheaper with a 0.29% expense ratio, compared with 0.37% for XSVM.

USVM has the higher dividend yield at 1.83%, compared with 1.78% for XSVM.

XSVM tracks S&P SmallCap 600 High Momentum Value Index, while USVM tracks Nasdaq Victory US Small Mid Cap Value Momentum Index. They also come from different issuers: Invesco and Victory Capital. Their fees differ too: 0.37% for XSVM and 0.29% for USVM.

USVM currently has the higher Sharpe Ratio (2.09 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 USVM

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

Open Portfolio Optimizer