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MGV vs XSMO

Vanguard Morningstar Mega Cap Value ETF

MGVANYSE Arca

Invesco S&P SmallCap Momentum ETF

XSMOCNYSE Arca

Overlap

Expense ratio

MGV −0.30pt a year

MGV0.05%XSMO0.35%

Avg volume · 30D

XSMO 1.1×the volume

MGV247KXSMO270K

10Y return · a year

XSMO +0.4pt

MGV+13.3%XSMO+13.7%

MGV vs XSMO Performance

Oct 29, 2021 – Oct 30, 2026

+83.6%MGV+50.5%XSMO

Oct 29, 2021 to Oct 30, 2026. MGV +83.6%. XSMO +50.5%. Use the arrow keys to read each point.−20%0%20%Oct 2021Apr 2024Oct 2026
Expense ratio
MGV 0.05%, better
XSMO 0.35%
Fund size
MGV $13.6B
XSMO $2.81B
1Y total return
MGV +25.6%, better
XSMO +13.8%
Yield (12M)
MGV 1.82%, better
XSMO 0.63%
Holdings
MGV 117
XSMO 115
Avg volume (30D)
MGV 247K sh
XSMO 270K sh, better
NAV per share
MGV $168.92
XSMO $80.97
52W range

ETF.net Grade

MGV: Cost 100, Risk 92, Mission 67, Tradability 49, Holdings 57, Durability 90. XSMO: Cost 34, Risk 27, Mission 80, Tradability 51, Holdings 66, Durability 63.
Pillar letters and Scores for MGV, XSMO, with each pillar’s weight
PillarMGVXSMO
Cost30% weightA100HigherD34
Mission25% weightB67A80Higher
Risk15% weightA92HigherD27
Tradability15% weightC49C51Higher
Holdings10% weightB57B66Higher
Durability5% weightA90HigherB63

Rank among US Factor Index funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MGV and XSMO are both graded against the same 30 US Factor Index funds, so their Grades compare head to head.

US Factor Index⁠

Category · 30 funds
See all 30 ›

MGV ranks 1st and XSMO 15th of 30 funds in the US Factor Index Category.

  1. Rank 1AMGVVanguard Morningstar Mega Cap Value ETFScore 78
  2. Rank 2AUSCAXtrackers MSCI USA Climate Action Equity ETFScore 74
  3. Rank 15CXMMOInvesco S&P MidCap Momentum ETFScore 51
  4. Rank 15CXSMOInvesco S&P SmallCap Momentum ETFScore 51
  5. Rank 17CSPHBInvesco S&P 500 High Beta ETFScore 50

Our read on each fund

ETF.net Research

MGVAVanguard Morningstar Mega Cap Value ETF

XSMOCInvesco S&P SmallCap Momentum ETF

In short

MGV Most "value" ETFs slide down into mid caps. MGV stays at the very top of the US market and buys the value half of it for five basis points. Vanguard's plain, cheap way to own the old-guard giants.

XSMO Momentum, but only among small caps that actually make money. XSMO rides the strongest performers in the S&P SmallCap 600, weighted by momentum score and reshuffled twice a year, for 0.35% with no fee waiver in place.

Stated mandate

MGV The ETF seeks to track the Morningstar US Mega Cap Value Index and provides passive, diversified exposure to the largest value stocks in the U.S. market.

XSMO The fund is based on the S&P Smallcap 600 Momentum Index and invests at least 90% of total assets in the index's component securities.

Why people hold it

  • MGV At 0.05% it is the cheapest fund in its factor peer group, where the median charges 0.28%. It undercuts fellow top-rated peers SIZE (0.15%) and SUSA (0.25%).vanguard.com
  • Launched December 2007, straight into the crash, and now a multi-billion-dollar fund. Long history, quarterly distributions, Vanguard plumbing behind it.
  • One of the strongest overall showings in its US factor peer group, built on cost and staying power rather than a clever screen.
  • XSMO S&P demands positive earnings in the latest quarter and the trailing four combined before a stock joins the SmallCap 600, so momentum is drawn from profitable companies.spglobal.com
  • Weighting is float-adjusted market cap times momentum score, so the strongest trends carry the heaviest weight instead of every winner getting an equal slice.spglobal.com
  • Listed in 2005 and now a multi-billion-dollar fund, it has run through several full market cycles rather than one hot stretch.
  • Plain mandate: at least 90% of assets in the index's own components, no discretionary side bets.invesco.com

Worth knowing

  • MGV About 130 names, all mega caps. The biggest holdings carry real weight, and small and mid caps are absent by design.
  • It tracks a Morningstar index of the largest US value stocks, so it leaves out the market's growth giants and can move very differently from a total-market fund.vanguard.com
  • Moderately traded rather than a household-name ticker, so limit orders and mid-session trading matter more here than with the very largest index ETFs.
  • XSMO About 110 names, tilted toward the hottest movers, so the ride is bumpier than a broad small-cap index.spglobal.com
  • The index reshuffles in March and September, so names whose trend breaks mid-period stay put until the next rebalance.spglobal.com
  • At 0.35% with no fee waiver, it sits near the category median, above plainer factor options like SIZE at 0.15% or MGV at 0.05%.

Full MGV profile⁠

Full XSMO profile⁠

MGV vs XSMO Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MGV vs XSMO Cost

Overpaying XSMO vs MGV

$6,066

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

  • MGV 0.05%

    $1,060

  • XSMO 0.35%

    $7,126

$10,000
30 years

Cost over time

  • MGV 0.05%
  • XSMO 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530XSMO $7,126MGV $1,060

Year by year

YearMGVXSMOOverpaying
10$92$634$542
20$360$2,454$2,094
30$1,060$7,126$6,066

Expense ratio

  • 0.05%MGV, cheaper
  • 0.35%XSMO
  • Middle half of US Factor Index funds
  • Median 0.30%

MGV cheapest of 30 funds

XSMO 19th cheapest of 30 funds

MGV vs XSMO Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MGV 1.82%, better
XSMO 0.63%
Payout (12M)
MGV $3.07
XSMO $0.51
Last payment
MGV $0.72
XSMO $0.16
Ex-dividend
MGV Sep 28, 2026
XSMO Sep 21, 2026
Paid on
MGV Sep 30, 2026
XSMO Sep 25, 2026
Frequency
MGV Quarterly
XSMO Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

MGVQuarterly · 39 paymentsAll MGV payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 29, 2017 $0.39; Jun 23, 2017 $0.41; Sep 27, 2017 $0.51; Dec 26, 2017 $0.47; Mar 22, 2018 $0.42; Jun 28, 2018 $0.46; Sep 28, 2018 $0.50; Dec 24, 2018 $0.51; Mar 25, 2019 $0.60; Jun 27, 2019 $0.57; Oct 1, 2019 $0.57; Dec 24, 2019 $0.60; Mar 26, 2020 $0.51; Jun 25, 2020 $0.53; Sep 11, 2020 $0.46; Dec 24, 2020 $0.65; Mar 26, 2021 $0.49; Jun 24, 2021 $0.55; Sep 29, 2021 $0.62; Dec 27, 2021 $0.66; Mar 24, 2022 $0.55; Jun 23, 2022 $0.60; Sep 28, 2022 $0.68; Dec 22, 2022 $0.70; Mar 23, 2023 $0.59; Jun 23, 2023 $0.66; Sep 21, 2023 $0.68; Dec 21, 2023 $0.77; Mar 21, 2024 $0.70; Jun 27, 2024 $0.73; Sep 26, 2024 $0.72; Dec 23, 2024 $0.72; Mar 27, 2025 $0.68; Jun 30, 2025 $0.68; Sep 29, 2025 $0.70; Dec 22, 2025 $0.82; Mar 27, 2026 $0.79; Jun 26, 2026 $0.73; Sep 28, 2026 $0.72. Use the arrow keys to read each point.$0$0.502017202020232026YTD
XSMOQuarterly · 37 paymentsAll XSMO payments⁠
One bar per payment. 37 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.02; Jun 16, 2017 $0.04; Sep 18, 2017 $0.03; Mar 19, 2018 $0.07; Jun 18, 2018 $0.05; Sep 24, 2018 $0.06; Dec 24, 2018 $0.03; Jun 24, 2019 $0.04; Sep 23, 2019 $0.09; Dec 23, 2019 $0.14; Mar 23, 2020 $0.17; Jun 22, 2020 $0.09; Sep 21, 2020 $0.10; Dec 21, 2020 $0.03; Mar 22, 2021 $0.05; Jun 21, 2021 $0.03; Sep 20, 2021 $0.03; Dec 20, 2021 $0.06; Mar 21, 2022 $0.09; Jun 21, 2022 $0.13; Sep 19, 2022 $0.16; Dec 19, 2022 $0.18; Mar 20, 2023 $0.19; Jun 20, 2023 $0.17; Sep 18, 2023 $0.10; Dec 18, 2023 $0.09; Mar 18, 2024 $0.06; Jun 24, 2024 $0.06; Sep 23, 2024 $0.13; Dec 23, 2024 $0.17; Mar 24, 2025 $0.20; Jun 23, 2025 $0.12; Sep 22, 2025 $0.12; Dec 22, 2025 $0.11; Mar 23, 2026 $0.12; Jun 22, 2026 $0.13; Sep 21, 2026 $0.16. Use the arrow keys to read each point.$0$0.502017202020232026YTD

MGV vs XSMO Risk

Fall from peak · 5 years

  • MGV
  • XSMO
Oct 29, 2021 to Oct 30, 2026. Worst fall: XSMO −29.6% · Sep 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
MGV 11.1%, betterXSMO 20.5%
Return per unit of riskSharpe ratio, 3 years
MGV 1.48, betterXSMO 0.85
Worst fallMax drawdown, 5 years
MGV −16.5%, betterXSMO −29.6%
Market sensitivityBeta, 5 years
MGV 0.66XSMO 1.12

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