AVMC vs. XMHQ

Last updated Jun 24, 2026

AVMC (Avantis U.S. Mid Cap Equity ETF) and XMHQ (Invesco S&P MidCap Quality ETF) are both Mid Cap Blend Equities funds. AVMC is actively managed, while XMHQ is passively managed. Over the past year, AVMC returned 22.96% vs 14.55% for XMHQ. Their correlation of 0.93 suggests significant overlap in exposure. AVMC charges 0.20%/yr vs 0.25%/yr for XMHQ.

Performance

AVMC vs. XMHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Mid Cap Equity ETF (AVMC) and Invesco S&P MidCap Quality ETF (XMHQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVMC achieves a 12.31% return, which is significantly higher than XMHQ's 7.73% return.

AVMC

• 1D: -0.79%
• 1M: 1.58%
• YTD: 12.31%
• 6M: 10.80%
• 1Y: 22.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XMHQ

• 1D: -1.05%
• 1M: 1.58%
• YTD: 7.73%
• 6M: 5.47%
• 1Y: 14.55%
• 3Y*: 14.98%
• 5Y*: 9.36%
• 10Y*: 12.91%

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

AVMC vs. XMHQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVMC Avantis U.S. Mid Cap Equity ETF	12.31%	9.98%	16.84%	14.02%
XMHQ Invesco S&P MidCap Quality ETF	7.73%	4.71%	16.79%	12.16%

Correlation

The correlation between AVMC and XMHQ is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023	0.93

The correlation between AVMC and XMHQ has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

AVMC vs. XMHQ - Sectors Allocation Comparison

Sectors	AVMC	XMHQ
Industrials	19.3%	25.9%
Financial Services	15.8%	14.3%
Technology	14.6%	13.5%
Consumer Cyclical	10.9%	9.4%
Healthcare	10.2%	20.4%
Energy	8.5%	5.9%
Consumer Defensive	6.8%	3.4%
Utilities	5.3%	2.2%
Basic Materials	5.3%	5.0%
Communication Services	2.7%	2.7%
Real Estate	0.6%	-

Return for Risk

AVMC vs. XMHQ — Risk / Return Rank

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

AVMC

AVMC Risk / Return Rank: 55
AVMC Sharpe Ratio Rank: 51
AVMC Sortino Ratio Rank: 52
AVMC Omega Ratio Rank: 48
AVMC Calmar Ratio Rank: 62
AVMC Martin Ratio Rank: 64

XMHQ

XMHQ Risk / Return Rank: 29
XMHQ Sharpe Ratio Rank: 27
XMHQ Sortino Ratio Rank: 28
XMHQ Omega Ratio Rank: 24
XMHQ Calmar Ratio Rank: 34
XMHQ Martin Ratio Rank: 34

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.

AVMC vs. XMHQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Mid Cap Equity ETF (AVMC) and Invesco S&P MidCap Quality ETF (XMHQ). 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.

	AVMC	XMHQ	Difference
Sharpe ratio: Return per unit of total volatility	1.65	0.93	+0.72
Sortino ratio: Return per unit of downside risk	2.39	1.45	+0.94
Omega ratio: Gain probability vs. loss probability	1.29	1.16	+0.13
Calmar ratio: Return relative to maximum drawdown	2.92	1.65	+1.27
Martin ratio: Return relative to average drawdown	10.85	4.82	+6.03

AVMC vs. XMHQ - Sharpe Ratio Comparison

The current AVMC Sharpe Ratio is 1.65, which is higher than the XMHQ Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of AVMC and XMHQ, 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

AVMC vs. XMHQ - Drawdown Comparison

The maximum AVMC drawdown since its inception was -21.84%, smaller than the maximum XMHQ drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for AVMC and XMHQ.

Drawdown Indicators

	AVMC	XMHQ	Difference
Max Drawdown Largest peak-to-trough decline	-21.84%	-58.19%	+36.35%
Max Drawdown (1Y) Largest decline over 1 year	-7.90%	-8.85%	+0.95%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.90%	—
Current Drawdown Current decline from peak	-1.21%	-2.30%	+1.09%
Average Drawdown Average peak-to-trough decline	-3.17%	-9.27%	+6.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	3.03%	-0.91%

Volatility

AVMC vs. XMHQ - Volatility Comparison

The current volatility for Avantis U.S. Mid Cap Equity ETF (AVMC) is 4.16%, while Invesco S&P MidCap Quality ETF (XMHQ) has a volatility of 4.52%. This indicates that AVMC experiences smaller price fluctuations and is considered to be less risky than XMHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVMC	XMHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	4.52%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	10.36%	11.46%	-1.10%
Volatility (1Y) Calculated over the trailing 1-year period	14.03%	15.77%	-1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	20.74%	-3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	20.68%	-3.73%

AVMC vs. XMHQ - Expense Ratio Comparison

AVMC has a 0.20% expense ratio, which is lower than XMHQ's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AVMC vs. XMHQ - Dividend Comparison

AVMC's dividend yield for the trailing twelve months is around 1.22%, more than XMHQ's 0.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVMC Avantis U.S. Mid Cap Equity ETF	1.22%	1.12%	1.02%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XMHQ Invesco S&P MidCap Quality ETF	0.59%	0.64%	5.20%	0.73%	1.72%	1.00%	1.12%	1.22%	1.59%	1.06%	1.63%	1.34%

Frequently Asked Questions

Can I hold both AVMC and XMHQ in my portfolio?

With a correlation of 0.91, AVMC and XMHQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AVMC or XMHQ?

XMHQ has higher volatility (4.52%) compared to AVMC (4.16%). In terms of maximum drawdown, AVMC dropped -21.84% vs XMHQ's -58.19%.

Which ETF is better, AVMC or XMHQ?

On 1-year performance, AVMC leads with 22.96% vs 14.55% for XMHQ. On fees, AVMC is cheaper at 0.20% per year. On volatility, AVMC has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVMC or XMHQ?

Over the 1-year period, AVMC has performed better with a 22.96% return vs 14.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVMC or XMHQ?

AVMC is cheaper with a 0.20% expense ratio, compared with 0.25% for XMHQ.

Which ETF pays a higher dividend yield, AVMC or XMHQ?

AVMC has the higher dividend yield at 1.22%, compared with 0.59% for XMHQ.

What is the main difference between AVMC and XMHQ?

They also come from different issuers: Avantis and Invesco. Their fees differ too: 0.20% for AVMC and 0.25% for XMHQ.

Which has better risk-adjusted returns?

AVMC currently has the higher Sharpe Ratio (1.65 vs 0.93), 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.