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XSVM vs. XMMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSVM vs. XMMO

Last updated Jun 4, 2026

XSVM (Invesco S&P SmallCap Value with Momentum ETF) and XMMO (Invesco S&P MidCap Momentum ETF) are both Momentum funds from Invesco - XSVM tracks the S&P SmallCap 600 High Momentum Value Index while XMMO tracks the S&P MidCap 400 Momentum Index. Both are passively managed. Over the past 10 years, XSVM returned 12.72%/yr vs 19.73%/yr for XMMO. A 0.75 correlation means they provide meaningful diversification when combined. XSVM charges 0.37%/yr vs 0.35%/yr for XMMO.

Performance

XSVM vs. XMMO - 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 Invesco S&P MidCap Momentum ETF (XMMO). 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 XMMO's 23.73% return. Over the past 10 years, XSVM has underperformed XMMO with an annualized return of 12.72%, while XMMO has yielded a comparatively higher 19.73% 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%

XMMO

1D
0.62%
1M
6.87%
YTD
23.73%
6M
25.73%
1Y
36.97%
3Y*
32.10%
5Y*
16.69%
10Y*
19.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSVM vs. XMMO - 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%
XMMO
Invesco S&P MidCap Momentum ETF		23.73%13.04%38.03%20.39%-16.02%16.69%29.17%36.78%6.12%37.18%

Correlation

The correlation between XSVM and XMMO is 0.63, 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

0.63

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

0.73

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

0.79

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

0.69

Correlation (All Time)
Calculated using the full available price history since Mar 4, 2005

0.75

The correlation between XSVM and XMMO shifts across timeframes, from 0.63 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.

XSVM vs. XMMO - Sectors Allocation Comparison

Sectors
XSVM
XMMO

Financial Services

38.8%
2.4%

Consumer Cyclical

17.0%
4.6%

Energy

9.9%
7.7%

Technology

7.8%
16.7%

Consumer Defensive

7.3%
0.5%

Industrials

6.7%
41.1%

Real Estate

5.0%
6.1%

Communication Services

2.9%
1.6%

Basic Materials

1.9%
7.2%

Healthcare

1.4%
6.3%

Utilities

1.3%
5.8%

Financial Services

XSVM
38.8%
XMMO
2.4%

Consumer Cyclical

XSVM
17.0%
XMMO
4.6%

Energy

XSVM
9.9%
XMMO
7.7%

Technology

XSVM
7.8%
XMMO
16.7%

Consumer Defensive

XSVM
7.3%
XMMO
0.5%

Industrials

XSVM
6.7%
XMMO
41.1%

Real Estate

XSVM
5.0%
XMMO
6.1%

Communication Services

XSVM
2.9%
XMMO
1.6%

Basic Materials

XSVM
1.9%
XMMO
7.2%

Healthcare

XSVM
1.4%
XMMO
6.3%

Utilities

XSVM
1.3%
XMMO
5.8%

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

Invesco S&P MidCap Momentum ETF

Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX
Often compared with XMMO:
XMMO vs. SPMOXMMO vs. XMHQXMMO vs. VOOXMMO vs. MTUMXMMO vs. QMOMXMMO vs. SPGPXMMO vs. RFV

Return for Risk

XSVM vs. XMMO — 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
XMMO
XMMO Risk / Return Rank: 6767
Overall Rank
XMMO Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
XMMO Sortino Ratio Rank: 5757
Sortino Ratio Rank
XMMO Omega Ratio Rank: 5555
Omega Ratio Rank
XMMO Calmar Ratio Rank: 8383
Calmar Ratio Rank
XMMO Martin Ratio Rank: 8585
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. XMMO - 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 Invesco S&P MidCap Momentum ETF (XMMO). 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.

XSVMXMMODifference
Sharpe ratioReturn per unit of total volatility
1.88
1.99

-0.11

Sortino ratioReturn per unit of downside risk
2.74
2.77

-0.04

Omega ratioGain probability vs. loss probability

1.33

1.35

-0.01

Calmar ratioReturn relative to maximum drawdown

3.46

4.45

-0.99

Martin ratioReturn relative to average drawdown

10.66

18.21

-7.56

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. XMMO - Sharpe Ratio Comparison

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

XSVMXMMODifference

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

0.78

-0.50

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.51

0.89

-0.38

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

0.58

-0.21

Drawdowns

XSVM vs. XMMO - Drawdown Comparison

The maximum XSVM drawdown since its inception was -62.57%, which is greater than XMMO's maximum drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for XSVM and XMMO.

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Drawdown Indicators

XSVMXMMODifference

Max Drawdown

Largest peak-to-trough decline

-62.57%

-55.37%

-7.20%

Max Drawdown (1Y)

Largest decline over 1 year

-10.08%

-8.34%

-1.74%

Max Drawdown (3Y)

Largest decline over 3 years

-26.21%

-24.93%

-1.28%

Max Drawdown (5Y)

Largest decline over 5 years

-26.21%

-27.91%

+1.70%

Max Drawdown (10Y)

Largest decline over 10 years

-49.02%

-36.74%

-12.28%

Current Drawdown

Current decline from peak

-1.47%

0.00%

-1.47%

Average Drawdown

Average peak-to-trough decline

-11.57%

-9.45%

-2.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.27%

2.04%

+1.23%

Volatility

XSVM vs. XMMO - Volatility Comparison

The current volatility for Invesco S&P SmallCap Value with Momentum ETF (XSVM) is 5.24%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 7.82%. This indicates that XSVM experiences smaller price fluctuations and is considered to be less risky than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSVMXMMODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.24%

7.82%

-2.58%

Volatility (6M)

Calculated over the trailing 6-month period

12.05%

15.54%

-3.49%

Volatility (1Y)

Calculated over the trailing 1-year period

18.59%

18.71%

-0.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.71%

21.45%

+1.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.09%

22.27%

+2.82%

XSVM vs. XMMO - Expense Ratio Comparison

XSVM has a 0.37% expense ratio, which is higher than XMMO's 0.35% expense ratio.

Dividends

XSVM vs. XMMO - Dividend Comparison

XSVM's dividend yield for the trailing twelve months is around 1.81%, more than XMMO's 0.60% yield.

PositionTTM20252024202320222021202020192018201720162015
XMMO
Invesco S&P MidCap Momentum ETF		0.60%0.78%0.34%0.80%1.43%0.41%0.61%0.60%0.19%0.21%0.22%0.64%
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 XMMO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XMMO has higher volatility (7.82%) compared to XSVM (5.24%). In terms of maximum drawdown, XSVM dropped -62.57% vs XMMO's -55.37%.

On 10-year performance, XMMO leads with 19.73% vs 12.72% for XSVM. On fees, XMMO is cheaper at 0.35% 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 10-year period, XMMO has performed better with a 19.73% return vs 12.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XMMO is cheaper with a 0.35% expense ratio, compared with 0.37% for XSVM.

XSVM has the higher dividend yield at 1.81%, compared with 0.60% for XMMO.

XSVM tracks S&P SmallCap 600 High Momentum Value Index, while XMMO tracks S&P MidCap 400 Momentum Index. Their fees differ too: 0.37% for XSVM and 0.35% for XMMO.

XMMO 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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