PortfoliosLab logoPortfoliosLab logo

Documentation

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

XSVM vs. XSHQ

Last updated Jun 23, 2026

XSVM (Invesco S&P SmallCap Value with Momentum ETF) and XSHQ (Invesco S&P SmallCap Quality ETF) are both exchange-traded funds - XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index, while XSHQ is a Small Cap Growth Equities fund tracking the S&P SmallCap 600 Quality Index. Both are passively managed. Over the past 5 years, XSVM returned 8.01%/yr vs 6.78%/yr for XSHQ. Their correlation of 0.86 suggests significant overlap in exposure. XSVM charges 0.37%/yr vs 0.29%/yr for XSHQ.

Performance

XSVM vs. XSHQ - 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 SmallCap Quality ETF (XSHQ). 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 20.07% return, which is significantly higher than XSHQ's 12.38% return.

XSVM

1D
-0.05%
1M
2.87%
YTD
20.07%
6M
17.31%
1Y
39.24%
3Y*
17.36%
5Y*
8.01%
10Y*
13.24%

XSHQ

1D
0.36%
1M
3.13%
YTD
12.38%
6M
9.60%
1Y
20.45%
3Y*
12.45%
5Y*
6.78%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSVM vs. XSHQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XSVM
Invesco S&P SmallCap Value with Momentum ETF		20.07%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-12.33%12.15%
XSHQ
Invesco S&P SmallCap Quality ETF		12.38%0.89%7.49%23.88%-15.01%23.99%11.81%17.37%-6.11%7.18%

Correlation

The correlation between XSVM and XSHQ is 0.88, 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

0.88

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

0.92

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

0.93

Correlation (All Time)
Calculated using the full available price history since Aug 24, 2017

0.86

The correlation between XSVM and XSHQ has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.

XSVM vs. XSHQ - Sectors Allocation Comparison

Sectors
XSVM
XSHQ

Financial Services

38.7%
23.4%

Consumer Cyclical

17.4%
14.4%

Technology

9.5%
19.8%

Energy

9.3%
4.4%

Consumer Defensive

6.9%
4.0%

Industrials

6.3%
20.9%

Real Estate

4.8%
1.0%

Communication Services

2.8%
0.9%

Basic Materials

2.0%
2.5%

Utilities

1.2%

-

Healthcare

1.1%
8.8%

Financial Services

XSVM
38.7%
XSHQ
23.4%

Consumer Cyclical

XSVM
17.4%
XSHQ
14.4%

Technology

XSVM
9.5%
XSHQ
19.8%

Energy

XSVM
9.3%
XSHQ
4.4%

Consumer Defensive

XSVM
6.9%
XSHQ
4.0%

Industrials

XSVM
6.3%
XSHQ
20.9%

Real Estate

XSVM
4.8%
XSHQ
1.0%

Communication Services

XSVM
2.8%
XSHQ
0.9%

Basic Materials

XSVM
2.0%
XSHQ
2.5%

Utilities

XSVM
1.2%
XSHQ

-

Healthcare

XSVM
1.1%
XSHQ
8.8%

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 SmallCap Quality ETF

Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRXXSVM vs. SVAL
Often compared with XSHQ:
XSHQ vs. QSMLXXSHQ vs. OMFSXSHQ vs. XMHQXSHQ vs. SCHDXSHQ vs. IJRXSHQ vs. IWMXSHQ vs. VBK

Return for Risk

XSVM vs. XSHQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSVM
XSVM Risk / Return Rank: 7070
Overall Rank
XSVM Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 7070
Sortino Ratio Rank
XSVM Omega Ratio Rank: 6464
Omega Ratio Rank
XSVM Calmar Ratio Rank: 7878
Calmar Ratio Rank
XSVM Martin Ratio Rank: 6868
Martin Ratio Rank
XSHQ
XSHQ Risk / Return Rank: 3636
Overall Rank
XSHQ Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
XSHQ Sortino Ratio Rank: 3636
Sortino Ratio Rank
XSHQ Omega Ratio Rank: 3131
Omega Ratio Rank
XSHQ Calmar Ratio Rank: 4141
Calmar Ratio Rank
XSHQ Martin Ratio Rank: 3737
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. XSHQ - 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 SmallCap Quality ETF (XSHQ). 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.

XSVMXSHQDifference
Sharpe ratioReturn per unit of total volatility
2.13
1.17

+0.95

Sortino ratioReturn per unit of downside risk
3.06
1.85

+1.21

Omega ratioGain probability vs. loss probability

1.37

1.20

+0.17

Calmar ratioReturn relative to maximum drawdown

3.91

2.00

+1.91

Martin ratioReturn relative to average drawdown

12.10

5.49

+6.62

XSVM vs. XSHQ - Sharpe Ratio Comparison

The current XSVM Sharpe Ratio is 2.13, which is higher than the XSHQ Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of XSVM and XSHQ, 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. XSHQ - Drawdown Comparison

The maximum XSVM drawdown since its inception was -62.57%, which is greater than XSHQ's maximum drawdown of -38.33%. Use the drawdown chart below to compare losses from any high point for XSVM and XSHQ.

Loading charts...

Drawdown Indicators

XSVMXSHQDifference

Max Drawdown

Largest peak-to-trough decline

-62.57%

-38.33%

-24.24%

Max Drawdown (1Y)

Largest decline over 1 year

-10.08%

-10.27%

+0.19%

Max Drawdown (3Y)

Largest decline over 3 years

-26.21%

-27.34%

+1.13%

Max Drawdown (5Y)

Largest decline over 5 years

-26.21%

-27.34%

+1.13%

Max Drawdown (10Y)

Largest decline over 10 years

-49.02%

—

—

Current Drawdown

Current decline from peak

-1.49%

0.00%

-1.49%

Average Drawdown

Average peak-to-trough decline

-11.54%

-9.29%

-2.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.25%

3.74%

-0.49%

Volatility

XSVM vs. XSHQ - Volatility Comparison

Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a higher volatility of 4.60% compared to Invesco S&P SmallCap Quality ETF (XSHQ) at 4.00%. This indicates that XSVM's price experiences larger fluctuations and is considered to be riskier than XSHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XSVMXSHQDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.60%

4.00%

+0.60%

Volatility (6M)

Calculated over the trailing 6-month period

12.27%

11.85%

+0.42%

Volatility (1Y)

Calculated over the trailing 1-year period

18.57%

17.54%

+1.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.55%

21.21%

+1.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.09%

23.10%

+1.99%

XSVM vs. XSHQ - Expense Ratio Comparison

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

Dividends

XSVM vs. XSHQ - Dividend Comparison

XSVM's dividend yield for the trailing twelve months is around 2.23%, more than XSHQ's 1.41% yield.

PositionTTM20252024202320222021202020192018201720162015
XSHQ
Invesco S&P SmallCap Quality ETF		1.20%1.48%1.18%1.15%2.02%1.25%1.24%1.11%1.16%0.60%0.00%0.00%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.83%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 XSHQ have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XSVM has higher volatility (4.60%) compared to XSHQ (4.00%). In terms of maximum drawdown, XSVM dropped -62.57% vs XSHQ's -38.33%.

On 5-year performance, XSVM leads with 8.01% vs 6.78% for XSHQ. On fees, XSHQ is cheaper at 0.29% per year. On volatility, XSHQ has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, XSVM has performed better with a 8.01% return vs 6.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

XSVM has the higher dividend yield at 2.23%, compared with 1.41% for XSHQ.

XSVM is categorized as Momentum, while XSHQ is Small Cap Growth Equities. XSVM tracks S&P SmallCap 600 High Momentum Value Index, while XSHQ tracks S&P SmallCap 600 Quality Index. Their fees differ too: 0.37% for XSVM and 0.29% for XSHQ.

XSVM currently has the higher Sharpe Ratio (2.13 vs 1.17), 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 XSHQ

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