AVMV vs. XMHQ

Last updated Jun 4, 2026

AVMV (Avantis U.S. Mid Cap Value ETF) and XMHQ (Invesco S&P MidCap Quality ETF) are both exchange-traded funds - AVMV is a Mid Cap Value Equities fund actively managed by Avantis, while XMHQ is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index. AVMV is actively managed, while XMHQ is passively managed. Over the past year, AVMV returned 25.32% vs 14.33% for XMHQ. Their correlation of 0.90 suggests significant overlap in exposure. AVMV charges 0.20%/yr vs 0.25%/yr for XMHQ.

Performance

AVMV vs. XMHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Mid Cap Value ETF (AVMV) 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, AVMV achieves a 11.76% return, which is significantly higher than XMHQ's 9.49% return.

AVMV

• 1D: -0.15%
• 1M: 1.85%
• YTD: 11.76%
• 6M: 12.65%
• 1Y: 25.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XMHQ

• 1D: 0.50%
• 1M: 4.20%
• YTD: 9.49%
• 6M: 9.51%
• 1Y: 14.33%
• 3Y*: 16.56%
• 5Y*: 9.37%
• 10Y*: 12.83%

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

AVMV vs. XMHQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVMV Avantis U.S. Mid Cap Value ETF	11.76%	10.46%	18.43%	15.56%
XMHQ Invesco S&P MidCap Quality ETF	9.49%	4.71%	16.79%	13.26%

Correlation

The correlation between AVMV and XMHQ is 0.86, 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	0.86
Correlation (All Time) Calculated using the full available price history since Nov 10, 2023	0.90

The correlation between AVMV and XMHQ has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

AVMV vs. XMHQ - Sectors Allocation Comparison

Sectors	AVMV	XMHQ
Financial Services	23.6%	15.1%
Consumer Cyclical	18.0%	9.7%
Energy	14.7%	6.7%
Industrials	14.7%	25.8%
Consumer Defensive	8.3%	3.9%
Technology	7.3%	12.1%
Healthcare	6.4%	19.7%
Basic Materials	3.8%	4.8%
Communication Services	1.7%	2.7%
Real Estate	1.0%	-
Utilities	0.5%	2.2%

Return for Risk

AVMV vs. XMHQ — Risk / Return Rank

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

AVMV

AVMV Risk / Return Rank: 57
AVMV Sharpe Ratio Rank: 53
AVMV Sortino Ratio Rank: 55
AVMV Omega Ratio Rank: 51
AVMV Calmar Ratio Rank: 66
AVMV Martin Ratio Rank: 61

XMHQ

XMHQ Risk / Return Rank: 28
XMHQ Sharpe Ratio Rank: 25
XMHQ Sortino Ratio Rank: 27
XMHQ Omega Ratio Rank: 24
XMHQ Calmar Ratio Rank: 33
XMHQ Martin Ratio Rank: 31

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.

AVMV vs. XMHQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Mid Cap Value ETF (AVMV) 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.

	AVMV	XMHQ	Difference
Sharpe ratio: Return per unit of total volatility	1.84	0.93	+0.91
Sortino ratio: Return per unit of downside risk	2.68	1.47	+1.21
Omega ratio: Gain probability vs. loss probability	1.32	1.17	+0.16
Calmar ratio: Return relative to maximum drawdown	3.34	1.63	+1.71
Martin ratio: Return relative to average drawdown	10.97	4.76	+6.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVMV vs. XMHQ - Sharpe Ratio Comparison

The current AVMV Sharpe Ratio is 1.84, which is higher than the XMHQ Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of AVMV 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.

Sharpe Ratios by Period

	AVMV	XMHQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	0.93	+0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.45	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	0.45	+0.82

Drawdowns

AVMV vs. XMHQ - Drawdown Comparison

The maximum AVMV drawdown since its inception was -24.24%, smaller than the maximum XMHQ drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for AVMV and XMHQ.

Drawdown Indicators

	AVMV	XMHQ	Difference
Max Drawdown Largest peak-to-trough decline	-24.24%	-58.19%	+33.95%
Max Drawdown (1Y) Largest decline over 1 year	-7.63%	-8.85%	+1.22%
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	-0.15%	0.00%	-0.15%
Average Drawdown Average peak-to-trough decline	-3.89%	-9.29%	+5.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	3.02%	-0.71%

Volatility

AVMV vs. XMHQ - Volatility Comparison

The current volatility for Avantis U.S. Mid Cap Value ETF (AVMV) is 3.11%, while Invesco S&P MidCap Quality ETF (XMHQ) has a volatility of 4.67%. This indicates that AVMV 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

	AVMV	XMHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.11%	4.67%	-1.56%
Volatility (6M) Calculated over the trailing 6-month period	9.47%	11.09%	-1.62%
Volatility (1Y) Calculated over the trailing 1-year period	13.89%	15.47%	-1.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.97%	20.74%	-2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.97%	20.71%	-2.74%

AVMV vs. XMHQ - Expense Ratio Comparison

AVMV 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

AVMV vs. XMHQ - Dividend Comparison

AVMV's dividend yield for the trailing twelve months is around 1.02%, more than XMHQ's 0.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVMV Avantis U.S. Mid Cap Value ETF	1.02%	1.20%	1.30%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XMHQ Invesco S&P MidCap Quality ETF	0.55%	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 AVMV and XMHQ in my portfolio?

AVMV and XMHQ have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVMV or XMHQ?

XMHQ has higher volatility (4.67%) compared to AVMV (3.11%). In terms of maximum drawdown, AVMV dropped -24.24% vs XMHQ's -58.19%.

Which ETF is better, AVMV or XMHQ?

On 1-year performance, AVMV leads with 25.32% vs 14.33% for XMHQ. On fees, AVMV is cheaper at 0.20% per year. On volatility, AVMV has been the lower-risk option at 3.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVMV or XMHQ?

Over the 1-year period, AVMV has performed better with a 25.32% return vs 14.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVMV or XMHQ?

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

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

AVMV has the higher dividend yield at 1.02%, compared with 0.55% for XMHQ.

What is the main difference between AVMV and XMHQ?

AVMV is categorized as Mid Cap Value Equities, while XMHQ is Mid Cap Blend Equities. They also come from different issuers: Avantis and Invesco. Their fees differ too: 0.20% for AVMV and 0.25% for XMHQ.

Which has better risk-adjusted returns?

AVMV currently has the higher Sharpe Ratio (1.84 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.