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Launched · SEC filings

Invesco S&P MidCap Momentum ETF

XMMONYSE ArcaInvescoC

$134.65−1.48 (−1.09%)

At close: Nov 2, 2026, 4:00 PM ET

C51/ 100

Rank 15 of 30 in US Factor Index

C51/100Rank 15 of 30inUS Factor Index
Intraday session: down, 79 prints from 136.13 to 134.65. Range 134.48 to 137.79. Use the arrow keys to read each point.135.50136.50137.00137.5010 AM12 PM2 PM4 PM
Expense ratio
0.34%
Fund size
$6.54B
1Y total return
+0.7%
Yield · Last 12 months
0.72%
Holdings
78
Avg volume · 30D
382K sh
52W range
low $129.31high $173.94
Launched
Filings
SEC EDGAR

The ETF.net XMMO Grade

C

Score 51 out of 100

Category
US Factor Index⁠
Rank
15 of 30
Six-pillar profile for XMMO. Scores out of 100: Cost 43, Risk 15, Mission 63, Tradability 77, Holdings 58, Durability 74. Strongest: Tradability (77). Weakest: Risk (15). Leans toward Tradability and Durability.

Score 51 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 100
    Rank 17 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B63 out of 100
    Rank 16 of 23

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F15 out of 100
    Rank 28 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A77 out of 100
    Rank 6 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B58 out of 100
    Rank 13 of 30

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A74 out of 100
    Rank 5 of 30

Our read on XMMO

ETF.net Research

In short

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.

Stated mandate

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

Holdings pillarB58 out of 100Rank 13 of 30 in US Factor Index
Asset class
Stocks
Holdings
78
Top-10 weight
29%
Largest holding
FTI4.2%

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 States93.58%
  • United Kingdom6.42%
The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1FTITechnipFMC PLC4.17%4,173,000$279M270
2ROIVRoivant Sciences Ltd3.89%6,951,674$261M172
3ATIATI Inc3.89%1,489,332$261M223
4DINOHF Sinclair Corp2.74%1,640,543$184M246
5SNXTD SYNNEX Corp2.63%691,490$176M231
6UTHRUnited Therapeutics Corp2.60%293,194$174M270
7MKSIMKS Inc2.54%789,283$171M193
8NVTnVent Electric PLC2.52%1,224,035$169M253
9RSReliance Inc2.20%335,669$148M239
10JAZZJazz Pharmaceuticals PLC2.18%704,151$146M220
11PRPermian Resources Corp1.99%5,227,543$134M217
12BTSGBrightSpring Health Services Inc1.96%2,183,858$132M160
13LSCCLattice Semiconductor Corp1.89%1,230,899$127M204
14DOCNDigitalOcean Holdings Inc1.77%1,187,847$119M169
15OVVOvintiv Inc1.72%1,615,194$116M198

Showing 1–15 of 78 holdings

XMMO Performance

Launched Mar 3, 2005

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

XMMO$10,074
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. XMMO $10,074. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for XMMO. Periods over one year show the average yearly return.
PeriodXMMO
Year to date−1.2%
1 month−7.2%
3 months−11.6%
1 year+0.7%
3 yearsper year+22.1%
5 yearsper year+9.3%
10 yearsper year+17.1%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for XMMO
YearReturn barXMMO
2026 YTD−1.2%
2025+13.0%
2024+38.0%
2023+20.4%
2022−16.0%
2021+16.7%
2020+29.2%

XMMO in the news

XMMO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.72%Last 12 months
Payout per share
$0.98Last 12 months
Last payment
$0.25 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 34 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.04; Jun 16, 2017 $0.05; Sep 24, 2018 $0.03; Dec 24, 2018 $0.06; Jun 24, 2019 $0.01; Sep 23, 2019 $0.18; Dec 23, 2019 $0.17; Mar 23, 2020 $0.19; Jun 22, 2020 $0.09; Sep 21, 2020 $0.16; Dec 21, 2020 $0.04; Mar 22, 2021 $0.05; Jun 21, 2021 $0.03; Sep 20, 2021 $0.04; Dec 20, 2021 $0.25; Mar 21, 2022 $0.22; Jun 21, 2022 $0.26; Sep 19, 2022 $0.33; Dec 19, 2022 $0.27; Mar 20, 2023 $0.32; Jun 20, 2023 $0.12; Sep 18, 2023 $0.15; Dec 18, 2023 $0.13; Mar 18, 2024 $0.10; Jun 24, 2024 $0.05; Sep 23, 2024 $0.11; Dec 23, 2024 $0.15; Mar 24, 2025 $0.30; Jun 23, 2025 $0.31; Sep 22, 2025 $0.23; Dec 22, 2025 $0.23; Mar 23, 2026 $0.25; Jun 22, 2026 $0.25; Sep 21, 2026 $0.25. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 25, 2026$0.25
Jun 22, 2026Jun 26, 2026$0.25
Mar 23, 2026Mar 27, 2026$0.25
Dec 22, 2025Dec 26, 2025$0.23
Sep 22, 2025Sep 26, 2025$0.23
Jun 23, 2025Jun 27, 2025$0.31
Mar 24, 2025Mar 28, 2025$0.30
Dec 23, 2024Dec 27, 2024$0.15
Sep 23, 2024Sep 27, 2024$0.11
Jun 24, 2024Jun 28, 2024$0.05
Mar 18, 2024Mar 22, 2024$0.10
Dec 18, 2023Dec 22, 2023$0.13

See all 55 payments⁠

$10,000 in XMMO 10 years ago paid $1,839 in dividends.⁠

XMMO Risk

Risk pillarF15 out of 100Rank 28 of 30 in US Factor Index
How much the fund’s monthly returns vary, scaled to a year.
20.0%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.88
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−27.9%
Trough Sep 2022
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.

How strongly the fund’s returns move with its asset-class index.
1.11
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

XMMO Cost

Compare XMMO and MGV

Overpaying vs MGV, cheapest in US Factor Index

$5,872

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • XMMO 0.34%

    $6,932

  • MGV 0.05% Cheapest

    $1,060

$10,000
30 years

Cost over time

  • XMMO 0.34%
  • MGV 0.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530XMMO $6,932MGV $1,060

Year by year

YearXMMOMGVOverpaying
10$616$92$524
20$2,386$360$2,026
30$6,932$1,060$5,872

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