QLTY vs. XMHQ
Compare and contrast key facts about GMO U.S. Quality ETF (QLTY) and Invesco S&P MidCap Quality ETF (XMHQ).
QLTY and XMHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QLTY is an actively managed fund by GMO. It was launched on Nov 13, 2023. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QLTY or XMHQ.
Correlation
The correlation between QLTY and XMHQ is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QLTY vs. XMHQ - Performance Comparison
Key characteristics
QLTY:
1.51
XMHQ:
0.19
QLTY:
2.05
XMHQ:
0.40
QLTY:
1.27
XMHQ:
1.05
QLTY:
2.58
XMHQ:
0.30
QLTY:
9.51
XMHQ:
0.66
QLTY:
1.90%
XMHQ:
5.39%
QLTY:
12.03%
XMHQ:
18.26%
QLTY:
-7.03%
XMHQ:
-58.19%
QLTY:
-1.71%
XMHQ:
-11.77%
Returns By Period
In the year-to-date period, QLTY achieves a 4.47% return, which is significantly higher than XMHQ's -2.21% return.
QLTY
4.47%
0.88%
5.53%
15.66%
N/A
N/A
XMHQ
-2.21%
-7.31%
-5.13%
0.38%
14.27%
10.80%
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QLTY vs. XMHQ - Expense Ratio Comparison
QLTY has a 0.50% expense ratio, which is higher than XMHQ's 0.25% expense ratio.
Risk-Adjusted Performance
QLTY vs. XMHQ — Risk-Adjusted Performance Rank
QLTY
XMHQ
QLTY vs. XMHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Quality ETF (QLTY) 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
QLTY vs. XMHQ - Dividend Comparison
QLTY's dividend yield for the trailing twelve months is around 0.76%, less than XMHQ's 5.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLTY GMO U.S. Quality ETF | 0.76% | 0.79% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XMHQ Invesco S&P MidCap Quality ETF | 5.32% | 5.20% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.64% | 1.34% | 1.25% |
Drawdowns
QLTY vs. XMHQ - Drawdown Comparison
The maximum QLTY drawdown since its inception was -7.03%, smaller than the maximum XMHQ drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for QLTY and XMHQ. For additional features, visit the drawdowns tool.
Volatility
QLTY vs. XMHQ - Volatility Comparison
The current volatility for GMO U.S. Quality ETF (QLTY) is 2.80%, while Invesco S&P MidCap Quality ETF (XMHQ) has a volatility of 4.98%. This indicates that QLTY 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.