AFMC vs. SRHQ

Last updated Jul 17, 2026

AFMC (First Trust Active Factor Mid Cap ETF) and SRHQ (SRH U.S. Quality ETF) are both Mid Cap Blend Equities funds. AFMC is actively managed, while SRHQ is passively managed. Over the past 3 years, AFMC returned 17.71%/yr vs 17.28%/yr for SRHQ. Their correlation of 0.90 suggests significant overlap in exposure. AFMC charges 0.65%/yr vs 0.35%/yr for SRHQ.

Performance

AFMC vs. SRHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Active Factor Mid Cap ETF (AFMC) and SRH U.S. Quality ETF (SRHQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFMC achieves a 17.97% return, which is significantly lower than SRHQ's 20.66% return.

AFMC

• 1D: 0.63%
• 1M: 0.08%
• 6M: 11.23%
• YTD: 17.97%
• 1Y: 27.07%
• 3Y*: 17.71%
• 5Y*: 11.65%
• 10Y*: —

SRHQ

• 1D: 1.56%
• 1M: 6.20%
• 6M: 15.38%
• YTD: 20.66%
• 1Y: 30.10%
• 3Y*: 17.28%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AFMC vs. SRHQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AFMC First Trust Active Factor Mid Cap ETF	17.97%	10.23%	19.06%	21.46%	3.93%
SRHQ SRH U.S. Quality ETF	20.66%	7.34%	16.49%	21.81%	5.22%

Correlation

The correlation between AFMC and SRHQ is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since Oct 5, 2022	0.90

The correlation between AFMC and SRHQ shifts across timeframes, from 0.76 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

AFMC vs. SRHQ - Sectors Allocation Comparison

Sectors	AFMC	SRHQ
Technology	20.9%	19.8%
Industrials	20.7%	19.9%
Consumer Cyclical	13.4%	13.9%
Financial Services	12.8%	9.6%
Healthcare	9.3%	21.5%
Real Estate	6.7%	1.2%
Energy	5.4%	1.1%
Basic Materials	5.3%	3.0%
Consumer Defensive	2.8%	5.5%
Communication Services	1.6%	2.0%
Utilities	1.1%	1.2%

Return for Risk

AFMC vs. SRHQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AFMC

AFMC Risk / Return Rank: 74
AFMC Sharpe Ratio Rank: 70
AFMC Sortino Ratio Rank: 74
AFMC Omega Ratio Rank: 66
AFMC Calmar Ratio Rank: 80
AFMC Martin Ratio Rank: 79

SRHQ

SRHQ Risk / Return Rank: 83
SRHQ Sharpe Ratio Rank: 80
SRHQ Sortino Ratio Rank: 79
SRHQ Omega Ratio Rank: 75
SRHQ Calmar Ratio Rank: 92
SRHQ Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AFMC vs. SRHQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Mid Cap ETF (AFMC) and SRH U.S. Quality ETF (SRHQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AFMC	SRHQ	Difference
Sharpe ratio: Return per unit of total volatility	1.81	2.03	-0.23
Sortino ratio: Return per unit of downside risk	2.65	2.85	-0.20
Omega ratio: Gain probability vs. loss probability	1.32	1.35	-0.03
Calmar ratio: Return relative to maximum drawdown	3.32	4.80	-1.48
Martin ratio: Return relative to average drawdown	11.90	16.81	-4.91

AFMC vs. SRHQ - Sharpe Ratio Comparison

The current AFMC Sharpe Ratio is 1.81, which is comparable to the SRHQ Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of AFMC and SRHQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AFMC vs. SRHQ - Drawdown Comparison

The maximum AFMC drawdown since its inception was -42.14%, which is greater than SRHQ's maximum drawdown of -18.50%. Use the drawdown chart below to compare losses from any high point for AFMC and SRHQ.

Drawdown Indicators

	AFMC	SRHQ	Difference
Max Drawdown Largest peak-to-trough decline	-42.14%	-18.50%	-23.64%
Max Drawdown (1Y) Largest decline over 1 year	-8.20%	-6.31%	-1.89%
Max Drawdown (3Y) Largest decline over 3 years	-21.99%	-18.50%	-3.49%
Max Drawdown (5Y) Largest decline over 5 years	-25.40%	—	—
Current Drawdown Current decline from peak	-1.05%	0.00%	-1.05%
Average Drawdown Average peak-to-trough decline	-7.50%	-3.00%	-4.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	1.80%	+0.48%

Volatility

AFMC vs. SRHQ - Volatility Comparison

The current volatility for First Trust Active Factor Mid Cap ETF (AFMC) is 3.24%, while SRH U.S. Quality ETF (SRHQ) has a volatility of 4.15%. This indicates that AFMC experiences smaller price fluctuations and is considered to be less risky than SRHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFMC	SRHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	4.15%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	11.25%	11.07%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	15.05%	14.86%	+0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.91%	15.97%	+2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.80%	15.97%	+6.83%

AFMC vs. SRHQ - Expense Ratio Comparison

AFMC has a 0.65% expense ratio, which is higher than SRHQ's 0.35% expense ratio.

Dividends

AFMC vs. SRHQ - Dividend Comparison

AFMC's dividend yield for the trailing twelve months is around 0.69%, which matches SRHQ's 0.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AFMC First Trust Active Factor Mid Cap ETF	0.69%	0.96%	0.64%	0.87%	1.42%	0.84%	1.05%	0.29%
SRHQ SRH U.S. Quality ETF	0.69%	0.76%	0.66%	0.84%	0.27%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AFMC and SRHQ in my portfolio?

AFMC and SRHQ have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AFMC or SRHQ?

SRHQ has higher volatility (4.15%) compared to AFMC (3.24%). In terms of maximum drawdown, AFMC dropped -42.14% vs SRHQ's -18.50%.

Which ETF is better, AFMC or SRHQ?

On 3-year performance, AFMC leads with 17.71% vs 17.28% for SRHQ. On fees, SRHQ is cheaper at 0.35% per year. On volatility, AFMC has been the lower-risk option at 3.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AFMC or SRHQ?

Over the 3-year period, AFMC has performed better with a 17.71% return vs 17.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AFMC or SRHQ?

SRHQ is cheaper with a 0.35% expense ratio, compared with 0.65% for AFMC.

Which ETF pays a higher dividend yield, AFMC or SRHQ?

AFMC and SRHQ have nearly identical dividend yields, around 0.69%.

What is the main difference between AFMC and SRHQ?

They also come from different issuers: First Trust and SRH. Their fees differ too: 0.65% for AFMC and 0.35% for SRHQ.

Which has better risk-adjusted returns?

SRHQ currently has the higher Sharpe Ratio (2.03 vs 1.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.