What do the expense ratios of AVMV and XMMO tell investors about cost efficiency?

AVMV has a 0.20% expense ratio, whereas XMMO charges 0.34%. The difference is 0.14 percentage points, which means XMMO is relatively costlier. Lower fees can improve long-term net returns by reducing annual drag on assets, though actual performance also depends on strategy execution and market conditions. Investors should weigh these costs against each ETF’s objectives.

Why is tracking methodology important when comparing mid-cap ETFs?

For AVMV and XMMO, the index tracked is not available in the provided data. Without transparency into the underlying benchmarks, investors cannot fully assess tracking error risk, sector exposure, or rebalancing mechanics. Knowing the methodology helps gauge how closely the ETF mirrors its intended style, whether value or momentum, which influences expected return and risk profiles.

What does the inception date reveal about a fund's investment track record?

AVMV was launched on November 7, 2023, giving it a short operational history and limited data for assessing long-term behaviour. XMMO, established on March 3, 2005, has nearly two decades of trading history, offering more insight into its performance across market cycles, such as recessions and recoveries. Longer track records aid in evaluating consistency and risk-adjusted returns.

How do AVMV and XMMO differ in their top holdings overlap?

There are no shared top-10 holdings between AVMV and XMMO based on the listed data. AVMV’s largest positions include names like DVN and DAL, while XMMO holds FTI and ATI. This lack of overlap suggests distinct portfolio constructions, likely reflecting their differing value versus momentum orientations. Investors may see divergent performance depending on which style factor is favoured in the market.

What do the dividend yields of AVMV and XMMO indicate for income-focused investors?

AVMV offers a 1.12% dividend yield, compared to XMMO’s 0.67%. The higher yield from AVMV may appeal to those seeking modest income from mid-cap value stocks. However, yields vary with market conditions and company policies. Investors should consider that distributions are not guaranteed and can fluctuate, and should not focus on yield alone when assessing total return potential.

How does concentration in top holdings affect risk for XMMO compared to AVMV?

AVMV’s top-ten holdings range from about 1.1% to 1.7%, indicating broad diversification. In contrast, XMMO’s top-ten range from 2.2% to 3.9%, showing greater concentration in fewer stocks. Higher concentration may increase volatility and idiosyncratic risk, meaning individual stock performance has a larger impact on XMMO’s net asset value than it does on AVMV’s.

Which ETF might suit investors prioritising capital growth over current income?

XMMO’s 0.67% dividend yield suggests a strategy that may prioritise price appreciation over immediate income, common in momentum-oriented portfolios. AVMV’s 1.12% yield reflects mid-cap value holdings, which often include mature firms paying dividends. Neither is inherently superior; suitability depends on whether an investor values growth via momentum trends or income via value-oriented companies.

How might the fund size of AVMV and XMMO influence liquidity?

XMMO has $7.0 billion in net assets, significantly larger than AVMV’s $773 million. Greater scale typically supports tighter bid-ask spreads and better trading liquidity. While AVMV is still substantial, smaller funds may exhibit wider spreads during volatile periods. Investors should consider liquidity needs and trading costs alongside strategy fit when evaluating mid-cap ETFs.

What sectors do AVMV and XMMO focus on, and why does this matter?

Sector weights for both AVMV and XMMO are not available in the provided data. Without this information, assessing sector tilt or concentration risk is difficult. Sector allocations influence how a fund responds to industry-specific trends or economic shifts. Transparent sector breakdowns help investors understand underlying exposures, especially when comparing funds with different strategies.

Is there any advantage to choosing XMMO over AVMV based solely on fees?

AVMV’s 0.20% expense ratio is lower than XMMO’s 0.34%, making it cheaper to hold. However, cost alone should not drive selection. AVMV’s newer inception and lower assets may imply less track record and potentially different liquidity conditions, while XMMO’s momentum approach may perform differently in various market environments. Total cost of ownership includes trading expenses and tax impacts.

How should beginners interpret missing index and sector data for AVMV and XMMO?

Missing index tracked and sector weights for AVMV and XMMO means investors cannot fully verify what benchmarks the funds replicate or their sector exposures. This reduces transparency, making it harder to assess tracking error or style purity. Beginners should seek additional sources or official fact sheets to clarify these details before drawing conclusions about suitability or risk.

What educational disclaimer applies to comparisons of ETFs like AVMV and XMMO?

This information is for educational purposes only and does not constitute financial advice. Comparing AVMV and XMMO highlights differences in fees, yields and holdings, but investing in any security involves risks, including loss of capital. Investors should consider their personal circumstances, objectives and risk tolerance, and consult independent professional advice when needed.

AVMV vs XMMO

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare Avantis U.S. Mid Cap Value ETF (AVMV) and Invesco S&P MidCap Momentum ETF (XMMO) by examining fees, holdings and dividends. AVMV carries a 0.20% expense ratio, while XMMO has a 0.34% expense ratio. Both funds target U.S. mid-cap equities, but with distinct strategies. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

AVMV

Metric

XMMO

0.20%

Expense Ratio

0.34%

1.12%

Dividend Yield

0.67%

$772.90M

Net Assets

$7.04B

295

Holdings

Nov 7, 2023

Inception Date

Mar 3, 2005

–

Index Tracked

–

Mid-Cap Value

Fund Category

Mid-Cap Blend

AVMV costs about $14.00 less per year for every $10,000 invested.

Shared Top Holdings

These funds do not share any of their top holdings.

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Investment Analysis

AVMV

Pros

Its 0.20% expense ratio supports long-term compounding for mid-cap value strategies.
A dividend yield of 1.12% provides modest income versus many growth-focused mid-cap funds.
The top-ten holdings each represent around 1.1% to 1.7% of assets, indicating broad diversification.

Considerations

Inception in November 2023 leaves only a short history, limiting evaluation of long-term tracking and drawdowns.
Its $773 million asset base is modest versus larger competitors, potentially affecting bid-ask spreads.
The index and sector weights are unavailable, making transparent methodology and benchmark alignment harder to assess.

XMMO

Pros

With $7.0 billion in net assets and a 2005 inception, XMMO benefits from scale and trading history.
Its 0.67% dividend yield is suitable for investors prioritising growth over current mid-cap income.
The fund's top-ten holdings each account for 2.2% to 3.9%, reflecting a concentrated momentum tilt.

Considerations

The 0.34% expense ratio is 14 basis points higher than AVMV, eroding returns relative to comparable ETFs.
Its index methodology and sector weights are not available, reducing transparency around benchmark and risk exposures.
The fund’s concentrated momentum strategy may increase turnover costs and performance volatility across market cycles.

About AVMV and XMMO

AVMV (AVMV)

The Avantis U.S. Mid Cap Value ETF (AVMV) is an exchange-traded fund designed to provide exposure to mid-sized American companies that are considered undervalued relative to their earnings or book value. As an active quantitative strategy, it aims to capitalise on common market tendencies by focusing on factors such as profitability and valuation. Launched in late 2023, the fund holds a diversified portfolio of approximately 295 stocks, allowing investors to spread risk across the mid-cap segment of the U.S. economy. With a moderate expense ratio of 0.20%, it offers a cost-effective way to access this specific market niche. While the fund does not currently pay a regular dividend, it maintains a dividend yield of 1.12% based on the underlying holdings. Investors should note that mid-cap stocks can be more volatile than large-cap counterparts, and value strategies may underperform growth stocks during certain economic cycles. This fund is best suited for those seeking long-term growth opportunities in the U.S. market, particularly within the mid-cap value sector.

XMMO (XMMO)

The Invesco S&P MidCap Momentum ETF aims to track an index composed of mid-capitalisation stocks demonstrating strong price momentum. Investors might consider this fund for potential growth opportunities associated with established yet dynamic companies. With an expense ratio of 0.34%, the fund provides exposure to 77 holdings in the mid-cap blend category. Launched in March 2005, it currently manages approximately USD 7.04 billion in net assets. While the fund offers a modest dividend yield of 0.67%, its primary focus remains on capital appreciation. As with any investment, values can fluctuate based on market conditions, and past performance does not guarantee future results. Always consider personal financial circumstances and seek independent advice before investing.

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AVMV vs XMMO

Fund Snapshot