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XSVM vs. XSHQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSVM vs. XSHQ

Last updated Aug 2, 2026
Documentation

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 Quality Factor fund tracking the S&P SmallCap 600 Quality Index. Both are passively managed. Over the past 5 years, XSVM returned 9.57%/yr vs 7.26%/yr for XSHQ. Their correlation of 0.86 means they have usually moved in the same direction. 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.

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Returns By Period

In the year-to-date period, XSVM achieves a 25.81% return, which is significantly higher than XSHQ's 14.76% return.

XSVM

1D
-0.35%
1M
2.37%
6M
17.50%
YTD
25.81%
1Y
41.62%
3Y*
14.54%
5Y*
9.57%
10Y*
13.34%
ALL TIME*
9.32%

XSHQ

1D
-0.08%
1M
0.52%
6M
11.29%
YTD
14.76%
1Y
20.29%
3Y*
9.48%
5Y*
7.26%
10Y*
—
ALL TIME*
8.92%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

XSHQ

Invesco S&P SmallCap Quality ETF
$7.28M$3.86M$2.26M

XSVM

Invesco S&P SmallCap Value with Momentum ETF
$2.60M$2.40M$2.07M

XSVM vs. XSHQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XSVM
Invesco S&P SmallCap Value with Momentum ETF		25.81%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		14.76%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 0.84, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.84

Correlation (3Y)
Balances recent behavior with more history.

0.91

Correlation (5Y)
Shows whether the relationship held over a longer 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 0.84 to 0.93 - a consistent structural relationship.

XSVM vs. XSHQ - Sectors Allocation Comparison

Sectors
XSVM
XSHQ

Financial Services

45.1%
24.7%

Consumer Cyclical

18.1%
14.4%

Real Estate

9.7%
1.0%

Energy

5.7%
4.1%

Industrials

5.3%
20.5%

Consumer Defensive

4.1%
2.4%

Basic Materials

3.0%
2.6%

Technology

2.6%
22.6%

Communication Services

2.6%
2.9%

Utilities

2.1%

-

Healthcare

1.7%
5.8%

Financial Services

XSVM
45.1%
XSHQ
24.7%

Consumer Cyclical

XSVM
18.1%
XSHQ
14.4%

Real Estate

XSVM
9.7%
XSHQ
1.0%

Energy

XSVM
5.7%
XSHQ
4.1%

Industrials

XSVM
5.3%
XSHQ
20.5%

Consumer Defensive

XSVM
4.1%
XSHQ
2.4%

Basic Materials

XSVM
3.0%
XSHQ
2.6%

Technology

XSVM
2.6%
XSHQ
22.6%

Communication Services

XSVM
2.6%
XSHQ
2.9%

Utilities

XSVM
2.1%
XSHQ

-

Healthcare

XSVM
1.7%
XSHQ
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 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. OMFSXSHQ vs. QSMLXXSHQ vs. XMHQXSHQ vs. IJRXSHQ vs. SCHDXSHQ vs. IWMXSHQ vs. VBK

Return for Risk

XSVM vs. XSHQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
XSVM
XSVM Risk / Return Rank: 8989
Overall Rank
XSVM Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 9191
Sortino Ratio Rank
XSVM Omega Ratio Rank: 8787
Omega Ratio Rank
XSVM Calmar Ratio Rank: 9191
Calmar Ratio Rank
XSVM Martin Ratio Rank: 8787
Martin Ratio Rank
XSHQ
XSHQ Risk / Return Rank: 4545
Overall Rank
XSHQ Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
XSHQ Sortino Ratio Rank: 4747
Sortino Ratio Rank
XSHQ Omega Ratio Rank: 4040
Omega Ratio Rank
XSHQ Calmar Ratio Rank: 5050
Calmar Ratio Rank
XSHQ Martin Ratio Rank: 4444
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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
2.21
1.06

+1.15

Sortino ratioReturn per unit of downside risk
3.22
1.71

+1.51

Omega ratioGain probability vs. loss probability

1.39

1.19

+0.20

Calmar ratioReturn relative to maximum drawdown

3.91

1.78

+2.13

Martin ratioReturn relative to average drawdown

12.49

4.91

+7.58

XSVM vs. XSHQ - Sharpe Ratio Comparison

The current XSVM Sharpe Ratio is 2.21, which is higher than the XSHQ Sharpe Ratio of 1.06. 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.

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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.

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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

-1.45%

-0.55%

-0.90%

Average Drawdown

Average peak-to-trough decline

-11.48%

-9.19%

-2.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.15%

3.73%

-0.58%

Volatility

XSVM vs. XSHQ - Volatility Comparison

Invesco S&P SmallCap Value with Momentum ETF (XSVM) and Invesco S&P SmallCap Quality ETF (XSHQ) have volatilities of 4.18% and 4.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSVMXSHQDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.18%

4.23%

-0.05%

Volatility (6M)

Calculated over the trailing 6-month period

11.73%

11.69%

+0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

17.89%

17.30%

+0.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.33%

21.06%

+1.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.00%

23.00%

+2.00%

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 1.75%, more than XSHQ's 1.18% yield.

PositionTTM20252024202320222021202020192018201720162015
XSHQ
Invesco S&P SmallCap Quality ETF		1.18%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		1.75%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 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XSHQ has higher volatility (4.23%) compared to XSVM (4.18%). In terms of maximum drawdown, XSVM dropped -62.57% vs XSHQ's -38.33%.

On 5-year performance, XSVM leads with 9.57% vs 7.26% for XSHQ. On fees, XSHQ is cheaper at 0.29% per year. Their volatility is very similar. 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 9.57% return vs 7.26%. 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 1.75%, compared with 1.18% for XSHQ.

XSVM is categorized as Momentum, while XSHQ is Quality Factor. 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 (2.21 vs 1.06), 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

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