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XSVM vs. VOE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSVM vs. VOE

Last updated Jun 4, 2026

XSVM (Invesco S&P SmallCap Value with Momentum ETF) and VOE (Vanguard Mid-Cap Value ETF) are both exchange-traded funds - XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index, while VOE is a Mid Cap Value Equities fund tracking the CRSP US Mid Cap Value Index. Both are passively managed. Over the past 10 years, XSVM returned 12.72%/yr vs 10.55%/yr for VOE. Their correlation of 0.86 suggests significant overlap in exposure. XSVM charges 0.37%/yr vs 0.07%/yr for VOE.

Performance

XSVM vs. VOE - 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 Mid-Cap Value ETF (VOE). 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 higher than VOE's 10.75% return. Over the past 10 years, XSVM has outperformed VOE with an annualized return of 12.72%, while VOE has yielded a comparatively lower 10.55% annualized 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%

VOE

1D
-0.16%
1M
1.35%
YTD
10.75%
6M
11.62%
1Y
22.73%
3Y*
16.53%
5Y*
8.45%
10Y*
10.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSVM vs. VOE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%-12.33%3.62%
VOE
Vanguard Mid-Cap Value ETF		10.75%12.08%14.00%9.85%-7.97%28.78%2.65%27.85%-12.48%17.07%

Correlation

The correlation between XSVM and VOE is 0.82, 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

0.82

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

0.83

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

0.86

Correlation (10Y)
Calculated over the trailing 10-year period

0.83

Correlation (All Time)
Calculated using the full available price history since Aug 28, 2006

0.86

The correlation between XSVM and VOE has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.

XSVM vs. VOE - Sectors Allocation Comparison

Sectors
XSVM
VOE

Financial Services

38.8%
16.5%

Consumer Cyclical

17.0%
5.7%

Energy

9.9%
12.8%

Technology

7.8%
10.9%

Consumer Defensive

7.3%
7.9%

Industrials

6.7%
14.0%

Real Estate

5.0%
6.0%

Communication Services

2.9%
2.2%

Basic Materials

1.9%
5.8%

Healthcare

1.4%
6.3%

Utilities

1.3%
12.1%

Financial Services

XSVM
38.8%
VOE
16.5%

Consumer Cyclical

XSVM
17.0%
VOE
5.7%

Energy

XSVM
9.9%
VOE
12.8%

Technology

XSVM
7.8%
VOE
10.9%

Consumer Defensive

XSVM
7.3%
VOE
7.9%

Industrials

XSVM
6.7%
VOE
14.0%

Real Estate

XSVM
5.0%
VOE
6.0%

Communication Services

XSVM
2.9%
VOE
2.2%

Basic Materials

XSVM
1.9%
VOE
5.8%

Healthcare

XSVM
1.4%
VOE
6.3%

Utilities

XSVM
1.3%
VOE
12.1%

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 Mid-Cap Value ETF

Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX
Often compared with VOE:
VOE vs. VOVOE vs. VOTVOE vs. VOOVOE vs. VBRVOE vs. IJHVOE vs. IJJVOE vs. IVOV

Return for Risk

XSVM vs. VOE — 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
VOE
VOE Risk / Return Rank: 6161
Overall Rank
VOE Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
VOE Sortino Ratio Rank: 6060
Sortino Ratio Rank
VOE Omega Ratio Rank: 5555
Omega Ratio Rank
VOE Calmar Ratio Rank: 6565
Calmar Ratio Rank
VOE Martin Ratio Rank: 6767
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. VOE - 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 Mid-Cap Value ETF (VOE). 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.

XSVMVOEDifference
Sharpe ratioReturn per unit of total volatility
1.88
1.99

-0.11

Sortino ratioReturn per unit of downside risk
2.74
2.88

-0.15

Omega ratioGain probability vs. loss probability

1.33

1.35

-0.02

Calmar ratioReturn relative to maximum drawdown

3.46

3.30

+0.17

Martin ratioReturn relative to average drawdown

10.66

12.51

-1.85

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. VOE - Sharpe Ratio Comparison

The current XSVM Sharpe Ratio is 1.88, which is comparable to the VOE Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of XSVM and VOE, 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

XSVMVOEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.88

1.99

-0.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.28

0.53

-0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.51

0.56

-0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

0.44

-0.08

Drawdowns

XSVM vs. VOE - Drawdown Comparison

The maximum XSVM drawdown since its inception was -62.57%, roughly equal to the maximum VOE drawdown of -61.50%. Use the drawdown chart below to compare losses from any high point for XSVM and VOE.

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Drawdown Indicators

XSVMVOEDifference

Max Drawdown

Largest peak-to-trough decline

-62.57%

-61.50%

-1.07%

Max Drawdown (1Y)

Largest decline over 1 year

-10.08%

-6.93%

-3.15%

Max Drawdown (3Y)

Largest decline over 3 years

-26.21%

-18.45%

-7.76%

Max Drawdown (5Y)

Largest decline over 5 years

-26.21%

-19.70%

-6.51%

Max Drawdown (10Y)

Largest decline over 10 years

-49.02%

-43.18%

-5.84%

Current Drawdown

Current decline from peak

-1.47%

-0.16%

-1.31%

Average Drawdown

Average peak-to-trough decline

-11.57%

-8.35%

-3.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.27%

1.82%

+1.45%

Volatility

XSVM vs. VOE - Volatility Comparison

Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a higher volatility of 5.24% compared to Vanguard Mid-Cap Value ETF (VOE) at 2.58%. This indicates that XSVM's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSVMVOEDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.24%

2.58%

+2.66%

Volatility (6M)

Calculated over the trailing 6-month period

12.05%

8.13%

+3.92%

Volatility (1Y)

Calculated over the trailing 1-year period

18.59%

11.47%

+7.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.71%

16.03%

+6.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.09%

18.83%

+6.26%

XSVM vs. VOE - Expense Ratio Comparison

XSVM has a 0.37% expense ratio, which is higher than VOE's 0.07% expense ratio.

Dividends

XSVM vs. VOE - Dividend Comparison

XSVM's dividend yield for the trailing twelve months is around 1.81%, less than VOE's 1.88% yield.

PositionTTM20252024202320222021202020192018201720162015
VOE
Vanguard Mid-Cap Value ETF		1.88%2.10%2.11%2.27%2.27%1.78%2.36%2.05%2.75%1.86%1.92%2.05%
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 VOE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XSVM has higher volatility (5.24%) compared to VOE (2.58%). In terms of maximum drawdown, XSVM dropped -62.57% vs VOE's -61.50%.

On 10-year performance, XSVM leads with 12.72% vs 10.55% for VOE. On fees, VOE is cheaper at 0.07% per year. On volatility, VOE has been the lower-risk option at 2.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, XSVM has performed better with a 12.72% return vs 10.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VOE is cheaper with a 0.07% expense ratio, compared with 0.37% for XSVM.

VOE has the higher dividend yield at 1.88%, compared with 1.81% for XSVM.

XSVM is categorized as Momentum, while VOE is Mid Cap Value Equities. XSVM tracks S&P SmallCap 600 High Momentum Value Index, while VOE tracks CRSP US Mid Cap Value Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.37% for XSVM and 0.07% for VOE.

VOE currently has the higher Sharpe Ratio (1.99 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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