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ETFs

Invesco S&P SmallCap Momentum ETF

XSMO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 3, 2005
Expense Ratio
0.39%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$339,704
AUM
$158,541,042
Associated Index
S&P Smallcap 600 Momentum Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

RMBS
Rambus Inc.
3.39%
ELF
e.l.f. Beauty Inc
3.32%
ACLS
Axcelis Technologies Inc
2.97%
ATI
ATI Inc
2.60%
FIX
Comfort Systems USA, Inc.
2.59%
SPSC
SPS Commerce Inc.
2.29%
BMI
Badger Meter Inc.
2.23%
NSIT
Insight Enterprises Inc.
2.19%
AIT
Applied Industrial Technologies Inc.
2.04%
MTH
Meritage Homes Corp.
1.87%
Invest with XSMO

What is XSMO?

The Invesco S&P SmallCap Momentum ETF (Fund) is based on the S&P Smallcap 600 Momentum Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is composed of securities 120 securities in the S&P SmallCap 600 Index having the highest momentum scores, calculated pursuant to the index methodology. which are computed by measuring the upward price movements of each security as compared to other eligible stocks within the S&P Midcap 600 Index.

ETFs related toXSMO

ETFs correlated to XSMO include AVUV, DFAS, DFAT

XSMO
Invesco Capital Management LLC - Invesco S&P SmallCap Momentum ETF
AVUV
American Century ETF Trust - Avantis U.S. Small Cap Value ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
DFAT
Dimensional ETF Trust - Dimensional U.S. Targeted Value ETF
VIOG
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 Growth ETF
SLYG
SPDR Series Trust - SPDR S&P 600 Small Cap Growth ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF
IJT
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Growth ETF
GSSC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF
SPSM
SPDR Series Trust - SPDR Portfolio S&P 600 Small Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toXSMO

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with XSMO using Composer

News Related to XSMO

Investors Go All In On Small Caps, Pour Over $6 Billion Into Russell 2000 ETF This Month: They 'Will Return To Larger-Cap Alternatives,' Veteran Analyst Says

Jul 25, 2024 • by Piero Cingari
Investors Go All In On Small Caps, Pour Over $6 Billion Into Russell 2000 ETF This Month: They 'Will Return To Larger-Cap Alternatives,' Veteran Analyst Says
Read

FAQ

XSMO is a US Equities ETF. The Invesco S&P SmallCap Momentum ETF (Fund) is based on the S&P Smallcap 600 Momentum Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is composed of securities 120 securities in the S&P SmallCap 600 Index having the highest momentum scores, calculated pursuant to the index methodology. which are computed by measuring the upward price movements of each security as compared to other eligible stocks within the S&P Midcap 600 Index.

XSMO tracks the S&P Smallcap 600 Momentum Index.

No, XSMO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, XSMO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on XSMO is -0.0087%. This is the percent change in the value of XSMO over the most recent 1-month period. The 3-month return on XSMO is 0.0419%. This is the percent change in the value of XSMO over the most recent 3-month period.

The standard deviation of XSMO for the past year is 0.2079%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to XSMO include SPHQ, DSI, and QUAL.

ETFs correlated to XSMO include AVUV, DFAS, and DFAT.

ETFs that are inversely correlated to XSMO include RWM, TWM, and TZA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.