OTCAX vs. XMHQ
OTCAX (MFS Mid Cap Growth Fund) and XMHQ (Invesco S&P MidCap Quality ETF) are both funds - OTCAX is a Mid Cap Growth Equities fund managed by MFS, while XMHQ is a Quality Factor fund tracking the S&P MidCap 400 Quality Index. Over the past 10 years, OTCAX returned 11.67%/yr vs 13.03%/yr for XMHQ. Their 0.77 correlation means they have sometimes moved together and sometimes differently. OTCAX charges 1.00%/yr vs 0.25%/yr for XMHQ.
Performance
OTCAX vs. XMHQ - Performance Comparison
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Returns By Period
In the year-to-date period, OTCAX achieves a 3.40% return, which is significantly lower than XMHQ's 16.04% return. Over the past 10 years, OTCAX has underperformed XMHQ with an annualized return of 11.67%, while XMHQ has yielded a comparatively higher 13.03% annualized return.
OTCAX
- 1D
- 1.32%
- 1M
- -2.06%
- 6M
- 5.07%
- YTD
- 3.40%
- 1Y
- -1.75%
- 3Y*
- 12.52%
- 5Y*
- 3.35%
- 10Y*
- 11.67%
- ALL TIME*
- 8.66%
XMHQ
- 1D
- 1.96%
- 1M
- 4.56%
- 6M
- 11.68%
- YTD
- 16.04%
- 1Y
- 18.46%
- 3Y*
- 14.98%
- 5Y*
- 10.79%
- 10Y*
- 13.03%
- ALL TIME*
- 9.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $18.63M | $19.29M | $20.54M |
OTCAX vs. XMHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OTCAX MFS Mid Cap Growth Fund | 3.40% | 3.32% | 23.47% | 21.00% | -28.53% | 13.66% | 35.34% | 37.43% | 0.82% | 25.95% |
XMHQ Invesco S&P MidCap Quality ETF | 16.04% | 4.71% | 16.79% | 29.51% | -12.42% | 20.98% | 26.61% | 27.18% | -9.08% | 15.64% |
Correlation
The correlation between OTCAX and XMHQ is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2006 | 0.77 |
The correlation between OTCAX and XMHQ has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
OTCAX vs. XMHQ — Risk / Return Rank
OTCAX
XMHQ
OTCAX vs. XMHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Mid Cap Growth Fund (OTCAX) 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.
| OTCAX | XMHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.21 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | 2.10 | -2.10 |
| Martin ratioReturn relative to average drawdown | -0.01 | 6.23 | -6.24 |
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Drawdowns
OTCAX vs. XMHQ - Drawdown Comparison
The maximum OTCAX drawdown since its inception was -74.39%, which is greater than XMHQ's maximum drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for OTCAX and XMHQ.
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Drawdown Indicators
| OTCAX | XMHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.39% | -58.19% | -16.20% |
Max Drawdown (1Y)Largest decline over 1 year | -16.46% | -8.85% | -7.61% |
Max Drawdown (3Y)Largest decline over 3 years | -21.05% | -24.56% | +3.51% |
Max Drawdown (5Y)Largest decline over 5 years | -36.85% | -25.47% | -11.38% |
Max Drawdown (10Y)Largest decline over 10 years | -36.85% | -36.90% | +0.05% |
Current DrawdownCurrent decline from peak | -4.38% | 0.00% | -4.38% |
Average DrawdownAverage peak-to-trough decline | -23.03% | -9.22% | -13.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.61% | 2.97% | +3.64% |
Volatility
OTCAX vs. XMHQ - Volatility Comparison
MFS Mid Cap Growth Fund (OTCAX) has a higher volatility of 4.88% compared to Invesco S&P MidCap Quality ETF (XMHQ) at 3.61%. This indicates that OTCAX'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.
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Volatility by Period
| OTCAX | XMHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 3.61% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 11.18% | +3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.74% | 15.27% | +2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.39% | 20.59% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.03% | 20.64% | -0.61% |
OTCAX vs. XMHQ - Expense Ratio Comparison
OTCAX has a 1.00% expense ratio, which is higher than XMHQ's 0.25% expense ratio.
Dividends
OTCAX vs. XMHQ - Dividend Comparison
OTCAX's dividend yield for the trailing twelve months is around 16.21%, more than XMHQ's 0.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OTCAX MFS Mid Cap Growth Fund | 16.21% | 16.76% | 15.59% | 0.00% | 0.00% | 3.64% | 0.83% | 0.86% | 4.70% | 8.80% | 5.67% | 2.84% |
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
OTCAX and XMHQ have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OTCAX has higher volatility (4.88%) compared to XMHQ (3.61%). In terms of maximum drawdown, OTCAX dropped -74.39% vs XMHQ's -58.19%.
XMHQ currently has the higher Sharpe Ratio (1.22 vs -0.00), 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.
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