XSVM
Invesco S&P SmallCap Value with Momentum ETF
Invesco S&P SmallCap Value with Momentum ETF tracks the S&P 600 High Momentum Value Index which holds 120 securities in the S&P SmallCap 600 that have the highest value scores and momentum scores.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
1.7 B
ASSETS UNDER MGMT
36 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 03, 2005 |
| Assets (mns) | $1,713 |
| Expense ratio | 36 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| GROUP 1 AUTOMOTIVE INC | 1.7 % |
| ALLIANCE DATA SYSTEMS CORP | 1.7 % |
| JACKSON FINANCIAL INCORPORATION CLASS A | 1.6 % |
| KOHLS CORP | 1.4 % |
| GEO GROUP INC/THE | 1.4 % |
| CALIFORNIA RESOURCES CORP | 1.4 % |
| SONIC AUTOMOTIVE INC-CLASS A | 1.4 % |
| LINCOLN NATIONAL CORP | 1.3 % |
| G-III APPAREL GROUP LTD | 1.3 % |
| EZCORP INC-CL A | 1.3 % |
Constituent Breakdown
| Number of holdings | 226 |
| Herfindahl-Hirschman Index | 94 |
| Wgt avg mkt cap (mns) | $2,508 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 49.5% |
| Small cap (<$2bn) | 50.5% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.7 % |
 |
BERMUDA | 2.9 % |
 |
PUERTO RICO | 0.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 0.0% | 19.7% | 8.3% | 2.4% | 13.3% | 9.9% | 11.3% | Volatility | 20.4% | 21.1% | 21.5% | 23.1% | 30.5% | 24.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.08 | 60% |
| MSCI EAFE | 1.06 | 59% |
| MSCI Emg Mkts | 0.73 | 28% |
Liquidity Measures
| Avg. volume (000) | 64 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.20% |
| ADV of underlying (mns) | $2,510 |
Technical Indicators
| Recent close | $58.55 |
| 30d moving avg. | $54.46 |
| Annualized volatility | 24.2% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 19.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XSVM |
Expenses vs. XSVM |
ALTAR Score™ vs. XSVM |
|---|---|---|---|---|
| GRPZ | Invesco S&P SmallCap 600 GARP ETF | 29.2% | -1 bp | -1.4% |
| RWJ | Invesco S&P SmallCap 600 Revenue ETF | 29.1% | +3 bp | -3.5% |
| RZV | Invesco S&P Smallcap 600 Pure Value ETF | 28.9% | -1 bp | -3.0% |
| SVAL | iShares US Small Cap Value Factor ETF | 26.2% | -16 bp | -1.3% |
| FYT | First Trust Small Cap Value AlphaDEX Fund | 25.7% | +37 bp | -3.3% |
| AVUV | Avantis U.S. Small Cap Value ETF | 24.8% | -11 bp | -2.3% |
| CALF | Pacer US Small Cap Cash Cows 100 ETF | 24.2% | +23 bp | -6.0% |
| XSMO | Invesco S&P SmallCap Momentum ETF | 23.8% | +3 bp | -4.2% |
| VAMO | Cambria Value & Momentum ETF | 23.6% | +25 bp | -2.8% |
| BSVO | EA Bridgeway Omni Small-Cap Value ETF | 22.5% | +11 bp | -3.1% |
Risk and Returns: XSVM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
XSVM
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
XSVM
10.9%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. XSVM's ALTAR Score™ is approximately
2.3 standard deviations
above
the category average. This places XSVM in the 99th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XSVMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| XSVM (36 bp) Percentile rank | 38 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XSVM | 36.0 | 20.4 | 56.4 |
| Peer Avg. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .