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Invesco XSVM targets small-cap value with momentum tilt
The ETF, which tracks the S&P 600 High Momentum Value Index, is up about 21% year to date as it outpaces the S&P SmallCap 600 and S&P SmallCap 600 Value by 200 basis points.
ETF Trends highlights the Invesco S&P SmallCap Value with Momentum ETF, ticker XSVM, as renewed small-cap value interest in 2026 lifts momentum-style factor baskets. Entering Friday, September 4, the S&P SmallCap 600 and its value counterpart showed essentially the same year-to-date gain of nearly 21%, setting the stage for renewed attention to small-cap value plus momentum.
According to ETF Trends, XSVM has grown to $646.5 million in year-to-date assets and is beating the S&P SmallCap 600 and the S&P SmallCap 600 Value indexes by more than 200 basis points. The fund tracks the S&P 600 High Momentum Value Index, weighting companies with the highest value scores among those that qualify based on both momentum and value metrics.
The fund is positioned around the factor combination, which ETF Trends notes is attracting attention in part because some small-value portfolios align with the HALO framework, meaning heavy assets, low obsolescence. Morningstar’s Russ Kinnel said the HALO idea is to look for capital-intensive companies with physical structures that may be less exposed to obsolescence risks from AI, pointing to areas such as energy and large machines.
ETF Trends also points to sector and allocation details, including that XSVM holds 118 stocks, with energy, industrial, and materials accounting for about 15% of weight, while consumer discretionary is 18.15%. The outlet adds that small-cap financial services make up nearly half the portfolio and are proving steady this year even without help from the Federal Reserve via lower interest rates.