Invesco S&P MidCap Momentum ETF
$146.72+0.22 (+0.15%)
- 0.34%
- $7.1B
- +11.1%
- 0.67%
- 0.4M sh
- $148.64
- low $112.55high $173.94
The ETF.net XMMO Grade
C
Score 52 out of 100
- 15 of 30
Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C43 out of 100Rank 17 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.B64 out of 100Rank 16 of 23Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F23 out of 100Rank 29 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A71 out of 100Rank 7 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B56 out of 100Rank 16 of 30Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A74 out of 100Rank 6 of 30
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
- 79
- 29%
- FTI
Sectors
- Technology24.8%
- Industrials22.1%
- Health Care15.4%
- Energy12.8%
- Real Estate8.2%
- Financials6.0%
- Consumer Discretionary3.8%
- Materials3.0%
- Consumer Staples2.2%
- Utilities0.9%
- Communication0.7%
Geography
- United States86.98%
- United Kingdom10.87%
- Ireland2.15%
XMMO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
XMMO$11,114
Returns run to the Oct 12, 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 | +6.3% |
| 1 month | −3.6% |
| 3 months | −9.1% |
| 1 year | +11.1% |
| 3 years | +23.3% |
| 5 years | +12.3% |
| 10 years | +17.7% |
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 | +6.3% | |
| 2025 | +13.0% | |
| 2024 | +38.0% | |
| 2023 | +20.4% | |
| 2022 | −16.0% | |
| 2021 | +16.7% | |
| 2020 | +29.2% |
XMMO in the news
XMMO Dividends
- 0.67%
- $0.98
- $0.25 per share
- Quarterly
Distribution history
XMMO Risk
- 19.8%
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.
- 0.92
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.
- 1.11
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
0.34%
XMMO0.34%
- The middle half of US Factor Index funds
- Median 0.30%
16 of the 30 US Factor Index funds charge less.
Other funds in US Factor Index
- CEQRRProShares - Equities for Rising Rates ETFExpense ratio 0.35%1 year return +44.4%
- CSPHBInvesco S&P 500 High Beta ETFExpense ratio 0.25%1 year return +41.2%
- CXSMOInvesco S&P SmallCap Momentum ETFExpense ratio 0.35%1 year return +15.6%
- CHAPIHarbor Human Capital Factor US Large Cap ETF (HAPI)Expense ratio 0.35%1 year return +20.0%
- CTMFCMotley Fool 100 Index ETFExpense ratio 0.50%1 year return +18.0%