IMCG vs. XMHQ
Compare and contrast key facts about iShares Morningstar Mid-Cap Growth ETF (IMCG) and Invesco S&P MidCap Quality ETF (XMHQ).
IMCG and XMHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004. XMHQ is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Dec 1, 2006. Both IMCG and XMHQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMCG or XMHQ.
Key characteristics
| IMCG | XMHQ | |
|---|---|---|
| YTD Return | 4.81% | 18.41% |
| 1Y Return | 23.14% | 45.93% |
| 3Y Return (Ann) | 1.83% | 11.13% |
| 5Y Return (Ann) | 11.18% | 17.16% |
| 10Y Return (Ann) | 11.68% | 12.69% |
| Sharpe Ratio | 1.55 | 2.62 |
| Daily Std Dev | 14.61% | 16.94% |
| Max Drawdown | -58.96% | -58.19% |
| Current Drawdown | -9.76% | -4.73% |
Correlation
The correlation between IMCG and XMHQ is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IMCG vs. XMHQ - Performance Comparison
In the year-to-date period, IMCG achieves a 4.81% return, which is significantly lower than XMHQ's 18.41% return. Over the past 10 years, IMCG has underperformed XMHQ with an annualized return of 11.68%, while XMHQ has yielded a comparatively higher 12.69% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IMCG vs. XMHQ - Expense Ratio Comparison
IMCG has a 0.06% 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%.
Risk-Adjusted Performance
IMCG vs. XMHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap Growth ETF (IMCG) 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.
Dividends
IMCG vs. XMHQ - Dividend Comparison
IMCG's dividend yield for the trailing twelve months is around 0.82%, more than XMHQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.82% | 0.85% | 0.91% | 0.41% | 0.09% | 0.29% | 0.35% | 0.45% | 0.52% | 0.38% | 0.60% | 0.36% |
XMHQ Invesco S&P MidCap Quality ETF | 0.61% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.63% | 1.34% | 1.25% | 1.11% |
Drawdowns
IMCG vs. XMHQ - Drawdown Comparison
The maximum IMCG drawdown since its inception was -58.96%, roughly equal to the maximum XMHQ drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for IMCG and XMHQ. For additional features, visit the drawdowns tool.
Volatility
IMCG vs. XMHQ - Volatility Comparison
iShares Morningstar Mid-Cap Growth ETF (IMCG) and Invesco S&P MidCap Quality ETF (XMHQ) have volatilities of 4.49% and 4.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.