Data as of Oct 28, 2026.
IWC vs XSMO: Differences, Returns & Fees
Over the year to Oct 28, 2026, IWC returned +16.5% to XSMO's +11.8%; 2% of their weight is in the same names.
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Net assets on Oct 27, 2026: $1.2bn for iShares Micro-Cap ETF and $2.8bn for Invesco S&P SmallCap Momentum ETF.
Pair scorecard
XSMO costs 0.25 points a year less; their one-year returns differ by 4.7 points; XSMO is 2.3 times larger.
| Measure | IWC | XSMO |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.5% | +11.8% |
| Drawdown | ||
| Below its high | 9.5%, high on Aug 14, 2026 | 12.5%, high on Jun 30, 2026 |
| Benchmark | ||
| What it tracks | Russell Microcap Index | S&P SmallCap 600 Momentum Index |
| Cost and size | ||
| Expense ratio | 0.60% | 0.35% |
| Net assets, as of Oct 27, 2026 | $1.2bn | $2.8bn |
| Holdings | ||
| Holdings in common | 2% | |
| Top ten holdings, share of the fund | 5.9% | 23.3% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Aug 26, 2005 to Oct 23, 2026 · 1,104 weekly returnsXSMO returned more: +459.2% to +348.0%. XSMO swung slightly less: 22.9% to 23.7%. XSMO fell less at its worst: −57.2% to −63.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | IWC | XSMO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +348.0% | +459.2% | XSMO | Price change plus distributions, reinvested. |
| Annualized | +7.3% | +8.4% | XSMO | Total return as a yearly rate. |
| Price return | +254.5% | +396.5% | XSMO | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 23.7% | 22.9% | XSMO (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.8% | 16.2% | XSMO (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −63.8% | −57.2% | XSMO | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.34 | 0.39 | XSMO | Return above Treasury bills per unit of volatility. |
| Sortino | 0.48 | 0.55 | XSMO | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.11 | 0.15 | XSMO | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,104 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IWC and XSMO hold 2% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
2% in common
Only in one fund ↓
Side by side
IWC and XSMO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IWC and XSMO are built for the same job. How do they differ in cost, holdings and results?
- What each follows. IWC follows Russell Microcap Index and XSMO follows S&P SmallCap 600 Momentum Index.
- Holdings in common. 2% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 IWC returned +16.5% and XSMO +11.8% with distributions reinvested, a gap of 4.7 points.
Data as of Oct 28, 2026.
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Over the year to Oct 28, 2026 it returned +16.5% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.
IWC tracks the Russell Microcap. The prospectus expense ratio is 0.60% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1,365 positions, with the top ten at 5.9%. It sat 9.5% below its high of Aug 14, 2026 on Oct 28, 2026.
XSMO
XSMO tracks an index. Over the year to Oct 28, 2026 it returned +11.8% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 116 positions, with the top ten at 23.3%. It sat 12.5% below its high of Jun 30, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, IWC or XSMO?
- In the year to Oct 28, 2026, with distributions reinvested, IWC returned +16.5% and XSMO +11.8%.
- Which is cheaper, IWC or XSMO?
- XSMO is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, IWC against XSMO, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwc-vs-xsmo
ETFIQ. (Oct 28, 2026). IWC against XSMO. Retrieved from https://etfiq.com/compare/any/iwc-vs-xsmo
[IWC against XSMO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iwc-vs-xsmo)
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