MDY vs. XMHQ
Compare and contrast key facts about SPDR S&P MidCap 400 ETF (MDY) and Invesco S&P MidCap Quality ETF (XMHQ).
MDY and XMHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MDY is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on May 4, 1995. 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 MDY 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: MDY or XMHQ.
Key characteristics
| MDY | XMHQ | |
|---|---|---|
| YTD Return | 3.32% | 15.71% |
| 1Y Return | 18.22% | 40.58% |
| 3Y Return (Ann) | 3.02% | 10.85% |
| 5Y Return (Ann) | 9.13% | 16.65% |
| 10Y Return (Ann) | 9.18% | 12.43% |
| Sharpe Ratio | 1.03 | 2.32 |
| Daily Std Dev | 16.10% | 16.92% |
| Max Drawdown | -55.33% | -58.19% |
| Current Drawdown | -5.97% | -6.91% |
Correlation
The correlation between MDY and XMHQ is 0.84, 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
MDY vs. XMHQ - Performance Comparison
In the year-to-date period, MDY achieves a 3.32% return, which is significantly lower than XMHQ's 15.71% return. Over the past 10 years, MDY has underperformed XMHQ with an annualized return of 9.18%, while XMHQ has yielded a comparatively higher 12.43% 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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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%.
Risk-Adjusted Performance
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.
Dividends
MDY vs. XMHQ - Dividend Comparison
MDY's dividend yield for the trailing twelve months is around 1.14%, more than XMHQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDY SPDR S&P MidCap 400 ETF | 1.14% | 1.21% | 1.37% | 0.96% | 1.12% | 1.34% | 1.39% | 1.18% | 1.31% | 1.35% | 1.17% | 1.07% |
XMHQ Invesco S&P MidCap Quality ETF | 0.62% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.63% | 1.34% | 1.25% | 1.11% |
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.
Volatility
MDY vs. XMHQ - Volatility Comparison
SPDR S&P MidCap 400 ETF (MDY) and Invesco S&P MidCap Quality ETF (XMHQ) have volatilities of 4.19% and 4.15%, 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.