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XMLVvsSMIGETF Comparison

ETF 1

XMLV

Invesco S&P MidCap Low Volatility ETF

This fund is part of

US Low Volatility

+0.79%

Full XMLV fund page

VS

ETF 2

SMIG

AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF

This fund is part of

US Multi-Factor

+0.99%

Full SMIG fund page

Invesco S&P MidCap Low Volatility ETF (XMLV) belongs to the US Low Volatility segment. AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) is part of the US Multi-Factor segment. XMLV's top 3 sector exposures are Real Estate, Financials and Utilities. In contrast, SMIG's top sector exposures are Financials, Industrials and Energy. XMLV is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.6% for SMIG. XMLV is up 6.52% year-to-date (YTD) with -$46M in YTD flows. SMIG performs better with 9.95% YTD performance, and +$106M in YTD flows. Run a side-by-side ETF comparison of XMLV and SMIG below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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XMLV vs SMIG performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/30/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	XMLV SMIG	+5.47%+8.76%	+3.78%+5.14%	+6.52%+9.95%	+12.74%+15.36%	+36.11%+42.15%	+36.86%n/a
Flows	XMLV SMIG	-$3M+$18M	-$28M+$94M	-$46M+$106M	-$122M+$229M	-$439M+$933M	-$988M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	XMLV SMIG	+10.61%+13.02%	+10.48%+12.26%	+13.04%+14.54%	+14.42%n/a
Max drawdown	XMLV SMIG	-6.93%-8.51%	-6.93%-8.51%	-13.97%-19.04%	-16.57%n/a
Max drawdown duration	XMLV SMIG	59d67d	59d67d	269d436d	818dn/a

Trading data

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	XMLV	SMIG
Last sale 5/1/2026 at 6:32 PM	$65.41	$31.47
Previous close 04/29/2026	$66.01	$31.46
Consolidated volume 04/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 30, 2026

1-year trailing difference

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SMIG

is actively managed and doesn’t replicate an index

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	XMLV	SMIG
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 5/1/2026 at 6:32 PM

Live

Closed

	XMLV	SMIG
Last price	$65.41	$31.47
1D performance	-0.91%	+0.03%
AuM	$746.29 M	$1.35 B
E/R	0.25%	0.6%

Characteristics

	XMLV	SMIG
Management strategy	Passive	Active
Provider	Invesco	Advisors Asset Management
Benchmark	S&P MidCap 400 Low Volatility Index	-
N° of holdings	77	37
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	February 15, 2013	August 25, 2021
ESG	No	No

More XMLV data on Trackinsight

More SMIG data on Trackinsight

Exposure

Countries

XMLV

USA

96.61%

Other

3.39%

SMIG

USA

90.21%

Other

9.79%

Sectors

XMLV

Real Estate

25.14%

Financials

22.64%

Utilities

22.09%

Industrials

7.67%

Other

22.46%

SMIG

Financials

21.43%

Industrials

15.25%

Energy

12.91%

Utilities

11.53%

Consumer Discreti.

8.43%

Other

30.45%

Diversification

XMLV

Total weight of top 15 holdings out of 15

24.68%

SMIG

Total weight of top 15 holdings out of 15

58.66%

Top 15 holdings

Data as of March 31, 2026

XMLV

OGE ENERGY

1.91%

IDACORP

1.84%

NJ RESOURCES

1.80%

AGREE REALTY REIT

1.78%

SPIRE INC

1.74%

PNM RESOURCES

1.67%

ONE GAS INC

1.64%

NFG

1.63%

PORTLAND GENERAL ELECTRIC

1.59%

NATIONAL RETAIL PROPERTIES REIT

1.55%

GAMING AND LEISURE PROPERTIES

1.54%

EQUITY LIFESTYLE PROPERTIES REIT

1.51%

WP CAREY INC

1.50%

BLACK HILLS

1.49%

ESSENTIAL UTILITIES INC

1.49%

SMIG

TARGA RESOURCS

7.05%

SNAP ON

4.75%

HARTFORD FINANCIAL SERVICES GRUP

4.51%

DT MIDSTREAM INC

4.39%

VICTORY CAPITAL HOLDINGS INC

4.31%

GILDAN ACTIVEWEAR

4.18%

HUBBELL

4.12%

NISOURCE

3.67%

US PHYSICAL THERAPY

3.40%

PACKAGING CORP OF AMERICA

3.30%

ALLIANT ENERGY

3.26%

EVERCORE INC

3.24%

REINSURANCE GROUP OF AMER

2.99%

US3981823038

2.78%

EQUITY LIFESTYLE PROPERTIES REIT

2.71%

Frequently asked questions about XMLV and SMIG

How have the XMLV and SMIG ETFs performed in 2026?

As of April 30, 2026, XMLV is up 6.52% year-to-date (YTD), while SMIG has returned 9.95%. That puts SMIG better performer ahead so far this year.

Which ETF is attracting more investor money: XMLV or SMIG?

Year-to-date, the XMLV ETF saw -$46M in flows, compared to +$106M for SMIG.

Which ETF is more volatile: XMLV or SMIG?

Over the past year, XMLV had a volatility of 10.48%, while SMIG experienced 12.26%.

Which ETF is bigger: XMLV or SMIG?

As of April 30, 2026, XMLV holds $746.29 M in assets under management (AUM), while SMIG manages $1.35 B.

What sectors do the XMLV and SMIG ETFs invest in?

XMLV leans toward sectors like Real Estate, Financials and Utilities. Meanwhile, SMIG focuses on Financials, Industrials and Energy.

What are the top holdings of the XMLV ETF and SMIG ETF?

XMLV top holdings include OGE ENERGY, IDACORP and NJ RESOURCES. SMIG holds in its top three: TARGA RESOURCS, SNAP ON and HARTFORD FINANCIAL SERVICES GRUP.

Which ETF is more diversified: XMLV or SMIG?

XMLV holds 80 securities with 24.68% of its assets in the top 15. SMIG has 42 securities and a top 15 weight of 58.66%.

The Low Volatility Anomaly

January 18, 2023

XMLV

XMLVvsSMIGETF Comparison

Invesco S&P MidCap Low Volatility ETF

AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF

XMLV vs SMIG performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the XMLV and SMIG ETFs performed in 2026?

As of April 30, 2026, XMLV is up 6.52% year-to-date (YTD), while SMIG has returned 9.95%. That puts SMIG better performer ahead so far this year.

Which ETF is attracting more investor money: XMLV or SMIG?

Year-to-date, the XMLV ETF saw -$46M in flows, compared to +$106M for SMIG.

Which ETF is more volatile: XMLV or SMIG?

Over the past year, XMLV had a volatility of 10.48%, while SMIG experienced 12.26%.

Which ETF is bigger: XMLV or SMIG?

As of April 30, 2026, XMLV holds $746.29 M in assets under management (AUM), while SMIG manages $1.35 B.

What sectors do the XMLV and SMIG ETFs invest in?

XMLV leans toward sectors like Real Estate, Financials and Utilities. Meanwhile, SMIG focuses on Financials, Industrials and Energy.

What are the top holdings of the XMLV ETF and SMIG ETF?

XMLV top holdings include OGE ENERGY, IDACORP and NJ RESOURCES. SMIG holds in its top three: TARGA RESOURCS, SNAP ON and HARTFORD FINANCIAL SERVICES GRUP.

Which ETF is more diversified: XMLV or SMIG?

XMLV holds 80 securities with 24.68% of its assets in the top 15. SMIG has 42 securities and a top 15 weight of 58.66%.

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