RFV vs. XMHQ
Compare and contrast key facts about Invesco S&P MidCap 400® Pure Value ETF (RFV) and Invesco S&P MidCap Quality ETF (XMHQ).
RFV and XMHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RFV is a passively managed fund by Invesco that tracks the performance of the S&P Mid Cap 400 Pure Value. It was launched on Mar 1, 2006. 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 RFV 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: RFV or XMHQ.
Performance
RFV vs. XMHQ - Performance Comparison
Returns By Period
In the year-to-date period, RFV achieves a 9.97% return, which is significantly lower than XMHQ's 24.65% return. Over the past 10 years, RFV has underperformed XMHQ with an annualized return of 10.69%, while XMHQ has yielded a comparatively higher 12.24% annualized return.
RFV
9.97%
6.40%
11.72%
24.43%
15.71%
10.69%
XMHQ
24.65%
3.12%
3.87%
33.79%
17.70%
12.24%
Key characteristics
| RFV | XMHQ | |
|---|---|---|
| Sharpe Ratio | 1.32 | 1.91 |
| Sortino Ratio | 1.91 | 2.71 |
| Omega Ratio | 1.24 | 1.32 |
| Calmar Ratio | 2.75 | 3.33 |
| Martin Ratio | 5.90 | 8.11 |
| Ulcer Index | 4.23% | 4.22% |
| Daily Std Dev | 18.94% | 17.91% |
| Max Drawdown | -71.82% | -58.19% |
| Current Drawdown | -0.43% | -1.06% |
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RFV vs. XMHQ - Expense Ratio Comparison
RFV has a 0.35% expense ratio, which is higher than XMHQ's 0.25% expense ratio.
Correlation
The correlation between RFV and XMHQ is 0.79, 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.
Risk-Adjusted Performance
RFV vs. XMHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® Pure Value ETF (RFV) 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
RFV vs. XMHQ - Dividend Comparison
RFV's dividend yield for the trailing twelve months is around 1.19%, less than XMHQ's 4.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFV Invesco S&P MidCap 400® Pure Value ETF | 1.19% | 1.27% | 2.05% | 1.60% | 1.52% | 1.71% | 1.39% | 1.36% | 0.88% | 1.79% | 1.19% | 0.80% |
XMHQ Invesco S&P MidCap Quality ETF | 4.83% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.64% | 1.34% | 1.25% | 1.11% |
Drawdowns
RFV vs. XMHQ - Drawdown Comparison
The maximum RFV drawdown since its inception was -71.82%, which is greater than XMHQ's maximum drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for RFV and XMHQ. For additional features, visit the drawdowns tool.
Volatility
RFV vs. XMHQ - Volatility Comparison
Invesco S&P MidCap 400® Pure Value ETF (RFV) has a higher volatility of 6.40% compared to Invesco S&P MidCap Quality ETF (XMHQ) at 5.60%. This indicates that RFV'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.