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The Invesco S&P SmallCap Momentum ETF (the Fund) seeks to mirror the performance of the S&P Smallcap 600 Momentum Index (the Index). To achieve this objective, the Fund pledges to invest a minimum of 90% of its total capital in the constituent securities of the Index. The Index itself comprises 120 stocks selected from the broader S&P SmallCap 600 Index. These holdings are chosen based on their superior "momentum scores," which are calculated by assessing each security's upward price movements in comparison to other eligible stocks within the S&P SmallCap 600 Index. Both the Fund and its underlying Index are adjusted and re-evaluated on a semi-annual basis.
Is XSMO's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
The Invesco S&P SmallCap Momentum ETF is rated a "hold" following its September reconstitution. While momentum exposure was restored, this analysis explains its slightly weaker quality and GARP features. Historically, XSMO has beat S&P SmallCap 600 Index ETFs like IJR with similar downside risk and the odd period of significant outperformance, making its long-term appeal compelling. Still, XSMO's quality features took a measurable hit this week, as measured by margins and capital efficiency. The percentage of companies with negative margins also increased from 15% to 20%.
Looking for broad exposure to the Small Cap Growth segment of the US equity market? You should consider the Invesco S&P SmallCap Momentum ETF (XSMO), a passively managed exchange traded fund launched on March 3, 2005.
Bank of America Corp DE grew its stake in shares of Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) by 17.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 474,699 shares of the company's stock after purchasing an
Invesco S&P SmallCap Momentum ETF offers efficient small-cap exposure by filtering for profitable, high-momentum companies, outperforming standard small-cap indices. XSMO's semi-annual rebalancing and sector tilts—especially toward industrials, healthcare, and IT—drive its performance but introduce concentration and timing risks. Despite a higher expense ratio (0.36%) than peers, XSMO has delivered a 280.8% total return over the past decade, far outpacing traditional small-cap ETFs.
The Invesco S&P SmallCap Momentum ETF (XSMO) was launched on March 3, 2005, and is a passively managed exchange traded fund designed to offer broad exposure to the Small Cap Growth segment of the US equity market.