Invesco S&P MidCap Momentum ETF
$147.38−0.78 (−0.52%)
- Expense ratio
- 0.34%
- Fund size
- $7.0B
- 1Y return
- +10.6%
- Yield · Last 12 months
- 0.66%
- Holdings
- 77
- Volume · 30D
- 0.4M sh
- NAV per share
- $147.65
- 52W range
The ETF.net XMMO Grade
Score 54 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 43Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 65Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 25Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 81Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 52Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 74Category rank
Our read on XMMO
CMomentum, aimed at the middle of the market. Since 2005 XMMO has screened the S&P MidCap 400 for the strongest price trends and keeps roughly 80 of them, refreshing the list twice a year. A concentrated bet on what's already working.
The Fund is based on the S&P Midcap 400 Momentum Index.
Why people hold it
- Launched in 2005, it is one of the longest-running momentum ETFs listed in the US, and it runs the factor inside mid caps instead of the usual mega-cap universe.
- The rule is spelled out: S&P ranks momentum over 12 months while skipping the most recent one (dodging short-term reversals), adjusts the score for volatility, and rebalances in March and September.spglobal.com
- 0.34% a year puts it right at the going rate for a factor fund in its peer group, and it is a multi-billion-dollar fund with steady enough volume for everyday trading.
- It tracks its stated index closely and has held the same mandate for two decades, which lands it in the upper half of its factor cohort on implementation.
Worth knowing
- About 80 names out of a 400-stock parent index. That concentration cuts both ways, and sector weights can drift wherever momentum happens to be crowding.
- Momentum by design buys what has already climbed, and the list only resets twice a year, so the portfolio can sit with a fading trend between rebalances.spglobal.com
- Mid caps plus a momentum tilt is a bumpier ride than broad-market exposure, and cheaper factor options exist (SIZE at 0.15%, MGV at 0.05%).
XMMO Holdings
- Stocks
- 77
- 30%
- FTI
Sectors
- Industrials40.5%
- Technology12.1%
- Energy8.8%
- Materials8.1%
- Health Care7.9%
- Real Estate6.7%
- Utilities5.9%
- Consumer Discr.5.1%
- Financials2.9%
- Communication1.5%
- Cons. Staples0.6%
Geography
- United States87.75%
- United Kingdom9.78%
- Cayman Islands1.84%
- Sweden0.63%
XMMO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | XMMO |
|---|---|
| Year to date | +7.5% |
| 1 month | −5.5% |
| 3 months | −14.6% |
| 1 year | +10.6% |
| 3 years | +24.0% |
| 5 years | +12.6% |
| 10 years | +17.3% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | XMMO |
|---|---|---|
| 2026 YTD | +7.5% | |
| 2025 | +13.0% | |
| 2024 | +38.0% | |
| 2023 | +20.4% | |
| 2022 | −16.0% | |
| 2021 | +16.7% | |
| 2020 | +29.2% |
XMMO in the news
ETF.net Research hasn’t filed on XMMO yet — coverage lands here as it’s written.
XMMO Dividends
- 0.66%
- $0.98
- $0.25 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.25 |
| Jun 22, 2026 | Jun 26, 2026 | $0.25 |
| Mar 23, 2026 | Mar 27, 2026 | $0.25 |
| Dec 22, 2025 | Dec 26, 2025 | $0.23 |
| Sep 22, 2025 | Sep 26, 2025 | $0.23 |
| Jun 23, 2025 | Jun 27, 2025 | $0.31 |
| Mar 24, 2025 | Mar 28, 2025 | $0.30 |
| Dec 23, 2024 | Dec 27, 2024 | $0.15 |
| Sep 23, 2024 | Sep 27, 2024 | $0.11 |
| Jun 24, 2024 | Jun 28, 2024 | $0.05 |
| Mar 18, 2024 | Mar 22, 2024 | $0.10 |
| Dec 18, 2023 | Dec 22, 2023 | $0.13 |
XMMO Risk
- 19.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.95
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −27.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.10
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XMMO Cost
- The middle half of US Factor Index funds
- Median 0.30%
15 of the 29 US Factor Index funds charge less.