What Is the XSVM ETF? A Complete Guide to Performance, Fees, Holdings and Alternative ETFs
The Invesco S&P SmallCap Value with Momentum ETF is a passive product that invests in US small-cap stocks selected for both value and momentum. Fees, volatility and growth prospects are the key points to check, comparison with a standard small-cap value ETF is the main selection criterion, and the trading ticker is XSVM.
SubscribeWhat Is the Invesco S&P SmallCap Value with Momentum ETF?
This is a passive ETF that tracks an index which first screens the S&P SmallCap index for undervalued stocks and then selects those with strong price momentum. It reflects both the value and momentum factors.
By combining value and momentum in US small caps, it aims to offer differentiation, making it suitable for investors willing to accept small-cap volatility.
It is managed by Invesco and follows a passive (index-tracking) approach.
How Does the Invesco S&P SmallCap Value with Momentum ETF Invest?
| Item | Details |
|---|---|
| Tracked Index | S&P 600 Value and Momentum Index |
| Management Style | Passive (value and momentum) |
| Rebalancing Frequency | Periodic (per index rules) |
| Dividend Frequency | Quarterly |
| Total Expense Ratio | 0.36% |
From the S&P SmallCap index, the fund screens for undervalued stocks based on book value, earnings and sales, then selects those with strong price momentum and weights them by value score. Combining value and momentum provides exposure that differs from a simple small-cap value strategy.
- Small-cap selection that reflects both value and momentum
- Weighting based on value scores
Invesco S&P SmallCap Value with Momentum ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $587.9M, and the total expense ratio is 0.36% per year.
Unlike a simple small-cap value ETF, it also incorporates momentum, so its performance can diverge from the market, and volatility tends to be high given the nature of small caps.
Invesco S&P SmallCap Value with Momentum ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeSmall-cap value and momentum stocks react sensitively to the economic cycle, risk appetite and investor preference for the value and momentum factors. They can show relative strength when value and momentum are both in favor, but volatility can rise in markets led by small-cap growth stocks or when momentum reverses quickly.
Inflows tend to rise when preference for small-cap value and momentum increases, while they can slow in markets led by small-cap growth stocks or during risk-averse periods.
Invesco S&P SmallCap Value with Momentum ETF Pros and Cons
Its strength is small-cap exposure that combines value and momentum, while its weaknesses are high volatility, factor deviation and turnover.
💪 Key Strengths
⚠️ Points to Watch
Invesco S&P SmallCap Value with Momentum ETF Alternative ETFs and Related Products
XMVM and VAMO, shown in the table, are ETFs with similar strategies, such as mid-cap value and momentum or value and momentum with hedging. For more small-cap value exposure, you can also compare the S&P 600 small-cap value fund IJS, the small-cap value focused AVUV, and the small-cap value fund SLYV. They differ in how they combine factors and in fees, so it is best to choose according to your investment style.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 XMVM | Invesco S&P MidCap Value with Momentum ETF | $73.76 | +0.8% | $521.9M | 0.37% | 1.85% | +22.7% |
 VAMO | Cambria ETF Trust Cambria Value and Momentum ETF | $36.24 | +0.1% | $87.8M | 0.65% | 0.65% | +7.8% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 KSS | Kohl's Corp | 0.02% | $23.65 | -3.8% | $2.7B | 10.3 | 2.1% |
 SNEX | StoneX Group Inc | 0.02% | $55.75 | -1.4% | $6.7B | 14.4 | - |
 LNC | Lincoln National Corp | 0.02% | $40.17 | +0.8% | $7.7B | 3.5 | 4.49% |
 ANDE | Andersons Inc | 0.02% | $64.58 | -0.5% | $2.2B | 12.5 | 1.24% |
 UNFI | United Natural Foods Inc | 0.02% | $48.25 | +2.9% | $2.9B | 36.1 | - |
 PARR | Par Pacific Holdings Inc | 0.03% | $83.17 | +7.8% | $4.2B | 4.8 | - |
 HZO | Marinemax Inc | 0.02% | $52.45 | -0.3% | $1.2B | 363.2 | - |
 GNW | Genworth Financial Inc | 0.01% | $8.86 | -0.6% | $3.3B | 16.8 | - |
 AHCO | AdaptHealth Corp | 0.01% | $5.93 | -1.5% | $808.5M | - | - |
Invesco S&P SmallCap Value with Momentum ETF Investor Checkpoints
Here are the points to review before investing in XSVM. For a small-cap value and momentum ETF, it is important to check volatility, factor deviation, turnover and fee levels in advance.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check the fee of this passive factor ETF | To be confirmed |
| 📉 Volatility | Check the large swings typical of small caps | High |
| 📊 Factor Deviation | Performance gaps from the value and momentum tilt | May vary |
| 🔄 Turnover | Check holding changes driven by momentum | Somewhat high |
Volatility is high because these are small caps, and the value and momentum tilt can create performance gaps versus the market. You should also consider that when momentum reverses quickly, holdings may turn over more often and volatility can rise.
This is a passive ETF suited to investors who expect differentiation from combining value and momentum in US small caps. If you want simple small-cap value, a small-cap value ETF may fit, and if you want a combination of value and momentum, XSVM can be an alternative.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 4, 2026.
Today's 5 AI picks, all free