Mar 25, 2026, 10:01 PMseekingalpha.comXMVM
XMVM: Impressive Value Characteristics But Unappealing Quality And Performance
Financial reportsProspectus, capital raise, listing
Invesco S&P MidCap Value with Momentum ETF is a passively managed ETF mixing value and momentum factors in the mid-cap space. Although XMVM has outperformed IJJ and IJH since the strategy change in 2019, it has trailed IVV, delivering a high downside capture ratio and a deep maximum drawdown. XMVM's portfolio is offering an impressive 8.8% adjusted weighted average earnings yield but quite lackluster quality, which adds to risks in the current environment.