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QQHG vs. XMMO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QQHG vs. XMMO

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco QQQ Hedged Advantage ETF (QQHG) and Invesco S&P MidCap Momentum ETF (XMMO).

QQHG and XMMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQHG is an actively managed fund by Invesco. It was launched on May 5, 2025. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005.

Performance

QQHG vs. XMMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ Hedged Advantage ETF (QQHG) and Invesco S&P MidCap Momentum ETF (XMMO). The values are adjusted to include any dividend payments, if applicable.

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QQHG vs. XMMO - Yearly Performance Comparison

2026 (YTD)2025
QQHG
Invesco QQQ Hedged Advantage ETF		-1.76%20.59%
XMMO
Invesco S&P MidCap Momentum ETF		6.86%16.61%

Returns By Period

In the year-to-date period, QQHG achieves a -1.76% return, which is significantly lower than XMMO's 6.86% return.

QQHG

1D
0.79%
1M
-2.23%
YTD
-1.76%
6M
0.14%
1Y
—
3Y*
—
5Y*
—
10Y*
—

XMMO

1D
1.85%
1M
-2.62%
YTD
6.86%
6M
9.51%
1Y
29.37%
3Y*
25.85%
5Y*
12.62%
10Y*
18.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco QQQ Hedged Advantage ETF

Invesco S&P MidCap Momentum ETF

Often compared with QQHG:
QQHG vs. QQQQQHG vs. SPMOQQHG vs. SMHQQHG vs. SHLDQQHG vs. VGTQQHG vs. SPYQQHG vs. REMX
Often compared with XMMO:
XMMO vs. SPMOXMMO vs. XMHQXMMO vs. VOOXMMO vs. SPGPXMMO vs. MTUMXMMO vs. QMOMXMMO vs. RFV

QQHG vs. XMMO - Expense Ratio Comparison

QQHG has a 0.45% expense ratio, which is higher than XMMO's 0.33% expense ratio.

QQHG
Invesco QQQ Hedged Advantage ETF
XMMO
Invesco S&P MidCap Momentum ETF

Return for Risk

QQHG vs. XMMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQHG
XMMO
XMMO Risk / Return Rank: 7777
Overall Rank
XMMO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
XMMO Sortino Ratio Rank: 7474
Sortino Ratio Rank
XMMO Omega Ratio Rank: 7070
Omega Ratio Rank
XMMO Calmar Ratio Rank: 8282
Calmar Ratio Rank
XMMO Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQHG vs. XMMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Hedged Advantage ETF (QQHG) and Invesco S&P MidCap Momentum ETF (XMMO). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QQHG vs. XMMO - Sharpe Ratio Comparison

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Sharpe Ratios by Period

QQHGXMMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

1.34

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.60

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.83

—

Sharpe Ratio (All Time)

Calculated using the full available price history

2.17

0.55

+1.62

Correlation

The correlation between QQHG and XMMO is 0.71, 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.

Dividends

QQHG vs. XMMO - Dividend Comparison

QQHG's dividend yield for the trailing twelve months is around 0.23%, less than XMMO's 0.70% yield.

TTM20252024202320222021202020192018201720162015
QQHG
Invesco QQQ Hedged Advantage ETF		0.23%0.17%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XMMO
Invesco S&P MidCap Momentum ETF		0.70%0.78%0.34%0.80%1.43%0.41%0.61%0.60%0.19%0.21%0.22%0.64%

Drawdowns

QQHG vs. XMMO - Drawdown Comparison

The maximum QQHG drawdown since its inception was -6.18%, smaller than the maximum XMMO drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for QQHG and XMMO.

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Drawdown Indicators

QQHGXMMODifference

Max Drawdown

Largest peak-to-trough decline

-6.18%

-55.37%

+49.19%

Max Drawdown (1Y)

Largest decline over 1 year

—

-12.81%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-27.91%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.74%

—

Current Drawdown

Current decline from peak

-3.64%

-2.62%

-1.02%

Average Drawdown

Average peak-to-trough decline

-1.06%

-9.52%

+8.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.70%

—

Volatility

QQHG vs. XMMO - Volatility Comparison

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Volatility by Period

QQHGXMMODifference

Volatility (1M)

Calculated over the trailing 1-month period

—

9.04%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

14.39%

—

Volatility (1Y)

Calculated over the trailing 1-year period

9.60%

22.03%

-12.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.60%

21.27%

-11.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.60%

22.11%

-12.51%