RZG vs. XMHQ
Compare and contrast key facts about Invesco S&P SmallCap 600® Pure Growth ETF (RZG) and Invesco S&P MidCap Quality ETF (XMHQ).
RZG and XMHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RZG is a passively managed fund by Invesco that tracks the performance of the S&P Small Cap 600 Pure Growth. 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 RZG 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: RZG or XMHQ.
Key characteristics
| RZG | XMHQ | |
|---|---|---|
| YTD Return | 19.28% | 25.12% |
| 1Y Return | 41.12% | 41.71% |
| 3Y Return (Ann) | -1.60% | 11.16% |
| 5Y Return (Ann) | 9.05% | 17.64% |
| 10Y Return (Ann) | 8.16% | 12.48% |
| Sharpe Ratio | 1.96 | 2.22 |
| Sortino Ratio | 2.86 | 3.13 |
| Omega Ratio | 1.33 | 1.37 |
| Calmar Ratio | 1.21 | 3.91 |
| Martin Ratio | 11.90 | 9.61 |
| Ulcer Index | 3.33% | 4.19% |
| Daily Std Dev | 20.27% | 18.20% |
| Max Drawdown | -58.52% | -58.19% |
| Current Drawdown | -5.05% | 0.00% |
Correlation
The correlation between RZG and XMHQ is 0.76, 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
RZG vs. XMHQ - Performance Comparison
In the year-to-date period, RZG achieves a 19.28% return, which is significantly lower than XMHQ's 25.12% return. Over the past 10 years, RZG has underperformed XMHQ with an annualized return of 8.16%, while XMHQ has yielded a comparatively higher 12.48% 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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RZG vs. XMHQ - Expense Ratio Comparison
RZG has a 0.35% expense ratio, which is higher than XMHQ's 0.25% expense ratio.
Risk-Adjusted Performance
RZG vs. XMHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600® Pure Growth ETF (RZG) 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
RZG vs. XMHQ - Dividend Comparison
RZG's dividend yield for the trailing twelve months is around 0.95%, less than XMHQ's 4.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RZG Invesco S&P SmallCap 600® Pure Growth ETF | 0.95% | 1.43% | 1.59% | 0.22% | 0.48% | 0.70% | 0.46% | 0.44% | 0.65% | 0.70% | 0.36% | 0.34% |
XMHQ Invesco S&P MidCap Quality ETF | 4.82% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.64% | 1.34% | 1.25% | 1.11% |
Drawdowns
RZG vs. XMHQ - Drawdown Comparison
The maximum RZG drawdown since its inception was -58.52%, roughly equal to the maximum XMHQ drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for RZG and XMHQ. For additional features, visit the drawdowns tool.
Volatility
RZG vs. XMHQ - Volatility Comparison
Invesco S&P SmallCap 600® Pure Growth ETF (RZG) has a higher volatility of 7.73% compared to Invesco S&P MidCap Quality ETF (XMHQ) at 5.60%. This indicates that RZG'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.