XSVM vs. VGT

Last updated Jun 13, 2026

XSVM (Invesco S&P SmallCap Value with Momentum ETF) and VGT (Vanguard Information Technology ETF) are both exchange-traded funds - XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index, while VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 10 years, XSVM returned 13.23%/yr vs 25.19%/yr for VGT. A 0.63 correlation means they provide meaningful diversification when combined. XSVM charges 0.37%/yr vs 0.09%/yr for VGT.

Performance

XSVM vs. VGT - 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 Information Technology ETF (VGT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSVM achieves a 21.88% return, which is significantly lower than VGT's 24.03% return. Over the past 10 years, XSVM has underperformed VGT with an annualized return of 13.23%, while VGT has yielded a comparatively higher 25.19% 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%

VGT

• 1D: 0.58%
• 1M: 1.35%
• YTD: 24.03%
• 6M: 24.13%
• 1Y: 50.48%
• 3Y*: 29.84%
• 5Y*: 20.35%
• 10Y*: 25.19%

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

XSVM vs. VGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
VGT Vanguard Information Technology ETF	24.03%	21.77%	29.30%	52.66%	-29.70%	30.45%	46.04%	48.62%	2.46%	37.08%

Correlation

The correlation between XSVM and VGT is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Mar 3, 2005	0.63

Over the past year, the correlation between XSVM and VGT has dropped to 0.40 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.

XSVM vs. VGT - Sectors Allocation Comparison

Sectors	XSVM	VGT
Financial Services	38.8%	0.5%
Consumer Cyclical	17.0%	0.1%
Energy	9.9%	0.3%
Technology	7.8%	98.5%
Consumer Defensive	7.3%	-
Industrials	6.7%	0.4%
Real Estate	5.0%	-
Communication Services	2.9%	0.5%
Basic Materials	1.9%	0.0%
Healthcare	1.4%	0.0%
Utilities	1.3%	-

Return for Risk

XSVM vs. VGT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XSVM

XSVM Risk / Return Rank: 76
XSVM Sharpe Ratio Rank: 76
XSVM Sortino Ratio Rank: 78
XSVM Omega Ratio Rank: 72
XSVM Calmar Ratio Rank: 83
XSVM Martin Ratio Rank: 73

VGT

VGT Risk / Return Rank: 70
VGT Sharpe Ratio Rank: 79
VGT Sortino Ratio Rank: 71
VGT Omega Ratio Rank: 72
VGT Calmar Ratio Rank: 67
VGT Martin Ratio Rank: 59

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. VGT - 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 Information Technology ETF (VGT). 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	VGT	Difference
Sharpe ratio: Return per unit of total volatility	2.09	2.19	-0.10
Sortino ratio: Return per unit of downside risk	3.00	2.74	+0.26
Omega ratio: Gain probability vs. loss probability	1.37	1.36	0.00
Calmar ratio: Return relative to maximum drawdown	3.86	2.94	+0.92
Martin ratio: Return relative to average drawdown	11.98	9.11	+2.88

XSVM vs. VGT - Sharpe Ratio Comparison

The current XSVM Sharpe Ratio is 2.09, which is comparable to the VGT Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of XSVM and VGT, 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. VGT - Drawdown Comparison

The maximum XSVM drawdown since its inception was -62.57%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for XSVM and VGT.

Drawdown Indicators

	XSVM	VGT	Difference
Max Drawdown Largest peak-to-trough decline	-62.57%	-54.63%	-7.94%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	-16.40%	+6.32%
Max Drawdown (3Y) Largest decline over 3 years	-26.21%	-27.23%	+1.02%
Max Drawdown (5Y) Largest decline over 5 years	-26.21%	-35.07%	+8.86%
Max Drawdown (10Y) Largest decline over 10 years	-49.02%	-35.07%	-13.95%
Current Drawdown Current decline from peak	0.00%	-7.18%	+7.18%
Average Drawdown Average peak-to-trough decline	-11.55%	-7.95%	-3.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	5.28%	-2.02%

Volatility

XSVM vs. VGT - Volatility Comparison

The current volatility for Invesco S&P SmallCap Value with Momentum ETF (XSVM) is 5.09%, while Vanguard Information Technology ETF (VGT) has a volatility of 10.00%. This indicates that XSVM experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSVM	VGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.09%	10.00%	-4.91%
Volatility (6M) Calculated over the trailing 6-month period	12.03%	18.00%	-5.97%
Volatility (1Y) Calculated over the trailing 1-year period	18.60%	22.00%	-3.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.61%	25.40%	-2.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.08%	24.72%	+0.36%

XSVM vs. VGT - Expense Ratio Comparison

XSVM has a 0.37% expense ratio, which is higher than VGT's 0.09% expense ratio.

Dividends

XSVM vs. VGT - Dividend Comparison

XSVM's dividend yield for the trailing twelve months is around 1.74%, more than VGT's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VGT Vanguard Information Technology ETF	0.33%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%
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

Can I hold both XSVM and VGT in my portfolio?

XSVM and VGT have a correlation of 0.40, 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 VGT?

VGT has higher volatility (10.00%) compared to XSVM (5.09%). In terms of maximum drawdown, XSVM dropped -62.57% vs VGT's -54.63%.

Which ETF is better, XSVM or VGT?

On 10-year performance, VGT leads with 25.19% vs 13.23% for XSVM. On fees, VGT is cheaper at 0.09% per year. On volatility, XSVM has been the lower-risk option at 5.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XSVM or VGT?

Over the 10-year period, VGT has performed better with a 25.19% return vs 13.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XSVM or VGT?

VGT is cheaper with a 0.09% expense ratio, compared with 0.37% for XSVM.

Which ETF pays a higher dividend yield, XSVM or VGT?

XSVM has the higher dividend yield at 1.74%, compared with 0.33% for VGT.

What is the main difference between XSVM and VGT?

XSVM is categorized as Momentum, while VGT is Technology Equities. XSVM tracks S&P SmallCap 600 High Momentum Value Index, while VGT tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.37% for XSVM and 0.09% for VGT.

Which has better risk-adjusted returns?

VGT currently has the higher Sharpe Ratio (2.19 vs 2.09), 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.