IVV vs XMMO
iShares Core S&P 500 ETF vs Invesco S&P MidCap Momentum ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | XMMO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $907.0B | $7.6B | |
| Dividend Yield | 1.10% | 0.63% | |
| Holdings | 508 | 77 | |
| YTD Return | +12.71% | +12.23% | |
| 1Y Return | +21.89% | +21.52% | |
| 3Y Return (annualized) | +22.08% | +25.43% | |
| 5Y Return (annualized) | +12.96% | +13.94% | |
| Volatility (annualized) | 15.1% | 29.9% | |
| Max Drawdown | -56.5% | -84.7% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Mar 3, 2005 |
IVV vs XMMO Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P MidCap Momentum ETF (XMMO) is a ETF from Invesco (US). Over the past year IVV returned +21.89% while XMMO returned +21.52%. Year to date, IVV is up 12.71% versus a gain of 12.23% for XMMO.
Over three years, IVV compounded at +22.08% per year against +25.43% for XMMO; over five years the annualized figures are +12.96% and +13.94% respectively. Across the full 26-year window we track, XMMO has the edge at +7.17% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XMMO has been the more volatile fund, with annualized monthly volatility of 29.9% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -84.7% for XMMO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while XMMO charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.63% for XMMO.
Holdings Overlap
IVV and XMMO share 0 holdings out of 581 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or XMMO?
IVV has an expense ratio of 0.03% while XMMO charges 0.35%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, IVV or XMMO?
Over the past year IVV returned +21.89% vs +21.52% for XMMO, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.00% vs +7.17% for XMMO. Past performance does not guarantee future results.
Which is riskier, IVV or XMMO?
XMMO has been the more volatile fund at 29.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs XMMO -84.7%.
Should I hold both IVV and XMMO?
IVV and XMMO have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and XMMO?
IVV and XMMO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 581 unique securities.
Which pays a higher dividend, IVV or XMMO?
IVV yields 1.10% while XMMO yields 0.63%, so IVV currently pays the higher dividend yield.
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