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XSVM vs. VFMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSVM vs. VFMO

Last updated Jun 4, 2026

XSVM (Invesco S&P SmallCap Value with Momentum ETF) and VFMO (Vanguard U.S. Momentum Factor ETF) are both Momentum funds. XSVM is passively managed, while VFMO is actively managed. Over the past 5 years, XSVM returned 6.37%/yr vs 13.84%/yr for VFMO. A 0.71 correlation means they provide meaningful diversification when combined. XSVM charges 0.37%/yr vs 0.13%/yr for VFMO.

Performance

XSVM vs. VFMO - 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 Vanguard U.S. Momentum Factor ETF (VFMO). 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 16.87% return, which is significantly lower than VFMO's 23.68% return.

XSVM

1D
-1.47%
1M
1.71%
YTD
16.87%
6M
16.68%
1Y
34.73%
3Y*
15.99%
5Y*
6.37%
10Y*
12.72%

VFMO

1D
0.11%
1M
5.53%
YTD
23.68%
6M
23.37%
1Y
43.34%
3Y*
27.93%
5Y*
13.84%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSVM vs. VFMO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
XSVM
Invesco S&P SmallCap Value with Momentum ETF		16.87%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-8.34%
VFMO
Vanguard U.S. Momentum Factor ETF		23.68%17.39%26.14%16.25%-12.84%19.16%31.36%28.22%-11.41%

Correlation

The correlation between XSVM and VFMO is 0.62, 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

0.62

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

0.71

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

0.78

Correlation (All Time)
Calculated using the full available price history since Feb 16, 2018

0.71

The correlation between XSVM and VFMO shifts across timeframes, from 0.62 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.

XSVM vs. VFMO - Sectors Allocation Comparison

Sectors
XSVM
VFMO

Financial Services

38.8%
6.5%

Consumer Cyclical

17.0%
8.7%

Energy

9.9%
7.3%

Technology

7.8%
17.5%

Consumer Defensive

7.3%
2.5%

Industrials

6.7%
24.7%

Real Estate

5.0%
0.1%

Communication Services

2.9%
3.4%

Basic Materials

1.9%
6.4%

Healthcare

1.4%
22.9%

Utilities

1.3%
0.2%

Financial Services

XSVM
38.8%
VFMO
6.5%

Consumer Cyclical

XSVM
17.0%
VFMO
8.7%

Energy

XSVM
9.9%
VFMO
7.3%

Technology

XSVM
7.8%
VFMO
17.5%

Consumer Defensive

XSVM
7.3%
VFMO
2.5%

Industrials

XSVM
6.7%
VFMO
24.7%

Real Estate

XSVM
5.0%
VFMO
0.1%

Communication Services

XSVM
2.9%
VFMO
3.4%

Basic Materials

XSVM
1.9%
VFMO
6.4%

Healthcare

XSVM
1.4%
VFMO
22.9%

Utilities

XSVM
1.3%
VFMO
0.2%

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

Vanguard U.S. Momentum Factor ETF

Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX
Often compared with VFMO:
VFMO vs. SPMOVFMO vs. MTUMVFMO vs. VOOVFMO vs. QMOMVFMO vs. VFMFVFMO vs. AVUVVFMO vs. QQQ

Return for Risk

XSVM vs. VFMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSVM
XSVM Risk / Return Rank: 5858
Overall Rank
XSVM Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 5656
Sortino Ratio Rank
XSVM Omega Ratio Rank: 5353
Omega Ratio Rank
XSVM Calmar Ratio Rank: 6969
Calmar Ratio Rank
XSVM Martin Ratio Rank: 5959
Martin Ratio Rank
VFMO
VFMO Risk / Return Rank: 6565
Overall Rank
VFMO Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
VFMO Sortino Ratio Rank: 5555
Sortino Ratio Rank
VFMO Omega Ratio Rank: 5656
Omega Ratio Rank
VFMO Calmar Ratio Rank: 7777
Calmar Ratio Rank
VFMO Martin Ratio Rank: 7676
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. VFMO - 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 Vanguard U.S. Momentum Factor ETF (VFMO). 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.

XSVMVFMODifference
Sharpe ratioReturn per unit of total volatility
1.88
2.05

-0.17

Sortino ratioReturn per unit of downside risk
2.74
2.70

+0.03

Omega ratioGain probability vs. loss probability

1.33

1.35

-0.02

Calmar ratioReturn relative to maximum drawdown

3.46

3.96

-0.50

Martin ratioReturn relative to average drawdown

10.66

14.97

-4.32

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XSVM vs. VFMO - Sharpe Ratio Comparison

The current XSVM Sharpe Ratio is 1.88, which is comparable to the VFMO Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of XSVM and VFMO, 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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Sharpe Ratios by Period

XSVMVFMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.88

2.05

-0.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.28

0.64

-0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.51

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

0.66

-0.29

Drawdowns

XSVM vs. VFMO - Drawdown Comparison

The maximum XSVM drawdown since its inception was -62.57%, which is greater than VFMO's maximum drawdown of -36.77%. Use the drawdown chart below to compare losses from any high point for XSVM and VFMO.

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Drawdown Indicators

XSVMVFMODifference

Max Drawdown

Largest peak-to-trough decline

-62.57%

-36.77%

-25.80%

Max Drawdown (1Y)

Largest decline over 1 year

-10.08%

-10.98%

+0.90%

Max Drawdown (3Y)

Largest decline over 3 years

-26.21%

-24.40%

-1.81%

Max Drawdown (5Y)

Largest decline over 5 years

-26.21%

-25.80%

-0.41%

Max Drawdown (10Y)

Largest decline over 10 years

-49.02%

—

—

Current Drawdown

Current decline from peak

-1.47%

0.00%

-1.47%

Average Drawdown

Average peak-to-trough decline

-11.57%

-7.77%

-3.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.27%

2.90%

+0.37%

Volatility

XSVM vs. VFMO - Volatility Comparison

The current volatility for Invesco S&P SmallCap Value with Momentum ETF (XSVM) is 5.24%, while Vanguard U.S. Momentum Factor ETF (VFMO) has a volatility of 6.20%. This indicates that XSVM experiences smaller price fluctuations and is considered to be less risky than VFMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSVMVFMODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.24%

6.20%

-0.96%

Volatility (6M)

Calculated over the trailing 6-month period

12.05%

16.37%

-4.32%

Volatility (1Y)

Calculated over the trailing 1-year period

18.59%

21.20%

-2.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.71%

21.70%

+1.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.09%

23.57%

+1.52%

XSVM vs. VFMO - Expense Ratio Comparison

XSVM has a 0.37% expense ratio, which is higher than VFMO's 0.13% expense ratio.

Dividends

XSVM vs. VFMO - Dividend Comparison

XSVM's dividend yield for the trailing twelve months is around 1.81%, more than VFMO's 0.63% yield.

PositionTTM20252024202320222021202020192018201720162015
VFMO
Vanguard U.S. Momentum Factor ETF		0.63%0.82%0.72%0.89%1.72%0.81%0.45%1.22%0.70%0.00%0.00%0.00%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.81%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 VFMO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VFMO has higher volatility (6.20%) compared to XSVM (5.24%). In terms of maximum drawdown, XSVM dropped -62.57% vs VFMO's -36.77%.

On 5-year performance, VFMO leads with 13.84% vs 6.37% for XSVM. On fees, VFMO is cheaper at 0.13% per year. On volatility, XSVM has been the lower-risk option at 5.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, VFMO has performed better with a 13.84% return vs 6.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VFMO is cheaper with a 0.13% expense ratio, compared with 0.37% for XSVM.

XSVM has the higher dividend yield at 1.81%, compared with 0.63% for VFMO.

They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.37% for XSVM and 0.13% for VFMO.

VFMO currently has the higher Sharpe Ratio (2.05 vs 1.88), 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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