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MDY vs. XMHQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MDY and XMHQ is 0.77, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

MDY vs. XMHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P MidCap 400 ETF (MDY) and Invesco S&P MidCap Quality ETF (XMHQ). The values are adjusted to include any dividend payments, if applicable.

300.00%350.00%400.00%450.00%NovemberDecember2025FebruaryMarchApril
341.96%
370.56%
MDY
XMHQ

Key characteristics

Sharpe Ratio

MDY:

-0.05

XMHQ:

-0.36

Sortino Ratio

MDY:

0.08

XMHQ:

-0.38

Omega Ratio

MDY:

1.01

XMHQ:

0.96

Calmar Ratio

MDY:

-0.04

XMHQ:

-0.33

Martin Ratio

MDY:

-0.15

XMHQ:

-0.96

Ulcer Index

MDY:

7.09%

XMHQ:

8.45%

Daily Std Dev

MDY:

21.66%

XMHQ:

22.72%

Max Drawdown

MDY:

-55.33%

XMHQ:

-58.19%

Current Drawdown

MDY:

-16.04%

XMHQ:

-15.87%

Returns By Period

In the year-to-date period, MDY achieves a -8.92% return, which is significantly lower than XMHQ's -6.76% return. Over the past 10 years, MDY has underperformed XMHQ with an annualized return of 7.82%, while XMHQ has yielded a comparatively higher 10.30% annualized return.


MDY

YTD

-8.92%

1M

-5.22%

6M

-8.28%

1Y

-0.71%

5Y*

14.33%

10Y*

7.82%

XMHQ

YTD

-6.76%

1M

-2.15%

6M

-7.92%

1Y

-7.51%

5Y*

17.59%

10Y*

10.30%

*Annualized

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MDY vs. XMHQ - Expense Ratio Comparison

MDY has a 0.23% 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%.


Expense ratio chart for XMHQ: current value is 0.25%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
XMHQ: 0.25%
Expense ratio chart for MDY: current value is 0.23%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
MDY: 0.23%

Risk-Adjusted Performance

MDY vs. XMHQ — Risk-Adjusted Performance Rank

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

MDY
The Risk-Adjusted Performance Rank of MDY is 1616
Overall Rank
The Sharpe Ratio Rank of MDY is 1616
Sharpe Ratio Rank
The Sortino Ratio Rank of MDY is 1717
Sortino Ratio Rank
The Omega Ratio Rank of MDY is 1717
Omega Ratio Rank
The Calmar Ratio Rank of MDY is 1616
Calmar Ratio Rank
The Martin Ratio Rank of MDY is 1616
Martin Ratio Rank

XMHQ
The Risk-Adjusted Performance Rank of XMHQ is 66
Overall Rank
The Sharpe Ratio Rank of XMHQ is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of XMHQ is 77
Sortino Ratio Rank
The Omega Ratio Rank of XMHQ is 77
Omega Ratio Rank
The Calmar Ratio Rank of XMHQ is 55
Calmar Ratio Rank
The Martin Ratio Rank of XMHQ is 66
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

MDY vs. XMHQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P MidCap 400 ETF (MDY) 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.


The chart of Sharpe ratio for MDY, currently valued at -0.05, compared to the broader market-1.000.001.002.003.004.00
MDY: -0.05
XMHQ: -0.36
The chart of Sortino ratio for MDY, currently valued at 0.08, compared to the broader market-2.000.002.004.006.008.00
MDY: 0.08
XMHQ: -0.38
The chart of Omega ratio for MDY, currently valued at 1.01, compared to the broader market0.501.001.502.002.50
MDY: 1.01
XMHQ: 0.96
The chart of Calmar ratio for MDY, currently valued at -0.04, compared to the broader market0.002.004.006.008.0010.0012.00
MDY: -0.04
XMHQ: -0.33
The chart of Martin ratio for MDY, currently valued at -0.15, compared to the broader market0.0020.0040.0060.00
MDY: -0.15
XMHQ: -0.96

The current MDY Sharpe Ratio is -0.05, which is higher than the XMHQ Sharpe Ratio of -0.36. The chart below compares the historical Sharpe Ratios of MDY and XMHQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.00NovemberDecember2025FebruaryMarchApril
-0.05
-0.36
MDY
XMHQ

Dividends

MDY vs. XMHQ - Dividend Comparison

MDY's dividend yield for the trailing twelve months is around 1.36%, less than XMHQ's 5.57% yield.


TTM20242023202220212020201920182017201620152014
MDY
SPDR S&P MidCap 400 ETF
1.36%1.18%1.21%1.37%0.96%1.12%1.34%1.39%1.18%1.31%1.35%1.17%
XMHQ
Invesco S&P MidCap Quality ETF
5.57%5.20%0.73%1.72%1.00%1.12%1.22%1.59%1.06%1.64%1.34%1.25%

Drawdowns

MDY vs. XMHQ - Drawdown Comparison

The maximum MDY drawdown since its inception was -55.33%, roughly equal to the maximum XMHQ drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for MDY and XMHQ. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-16.04%
-15.87%
MDY
XMHQ

Volatility

MDY vs. XMHQ - Volatility Comparison

SPDR S&P MidCap 400 ETF (MDY) has a higher volatility of 14.69% compared to Invesco S&P MidCap Quality ETF (XMHQ) at 13.64%. This indicates that MDY's price experiences larger fluctuations and is considered to be riskier than XMHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
14.69%
13.64%
MDY
XMHQ