SFYX vs. XMHQ

Last updated Aug 4, 2026

SFYX (SoFi Next 500 ETF) and XMHQ (Invesco S&P MidCap Quality ETF) are both exchange-traded funds - SFYX is a Mid Cap Growth Equities fund tracking the Solactive SoFi US Next 500 Growth Index, while XMHQ is a Quality Factor fund tracking the S&P MidCap 400 Quality Index. Both are passively managed. Their correlation of 0.88 means they have usually moved in the same direction. SFYX charges 0.00%/yr vs 0.25%/yr for XMHQ.

Performance

SFYX vs. XMHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SoFi Next 500 ETF (SFYX) and Invesco S&P MidCap Quality ETF (XMHQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SFYX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

XMHQ

• 1D: 1.13%
• 1M: 2.55%
• 6M: 8.92%
• YTD: 13.81%
• 1Y: 17.48%
• 3Y*: 14.23%
• 5Y*: 10.44%
• 10Y*: 12.81%
• ALL TIME*: 9.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
XMHQ Invesco S&P MidCap Quality ETF	$19.09M	$19.28M	$20.51M

SFYX vs. XMHQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SFYX SoFi Next 500 ETF	5.66%	14.25%	14.45%	17.70%	-22.88%	18.89%	17.63%	7.27%
XMHQ Invesco S&P MidCap Quality ETF	13.81%	4.71%	16.79%	29.51%	-12.42%	20.98%	26.61%	7.16%

Correlation

The correlation between SFYX and XMHQ is 0.58, 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.	0.58
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019	0.88

Over the past year, the correlation between SFYX and XMHQ has dropped to 0.58 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.

SFYX vs. XMHQ - Sectors Allocation Comparison

Sectors	SFYX	XMHQ
Industrials	22.3%	30.2%
Technology	16.0%	18.5%
Financial Services	15.0%	15.1%
Healthcare	12.0%	16.0%
Consumer Cyclical	9.9%	9.4%
Real Estate	7.3%	-
Energy	4.8%	6.9%
Communication Services	4.0%	1.4%
Basic Materials	3.4%	1.5%
Consumer Defensive	3.0%	1.1%
Utilities	2.3%	2.2%

Return for Risk

SFYX vs. XMHQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SFYX

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

XMHQ

XMHQ Risk / Return Rank: 48
XMHQ Sharpe Ratio Rank: 46
XMHQ Sortino Ratio Rank: 48
XMHQ Omega Ratio Rank: 42
XMHQ Calmar Ratio Rank: 54
XMHQ Martin Ratio Rank: 50

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SFYX vs. XMHQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SoFi Next 500 ETF (SFYX) 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.

	SFYX	XMHQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.16	—
Sortino ratio: Return per unit of downside risk	—	1.76	—
Omega ratio: Gain probability vs. loss probability	—	1.20	—
Calmar ratio: Return relative to maximum drawdown	—	1.98	—
Martin ratio: Return relative to average drawdown	—	5.90	—

Drawdowns

Drawdown Indicators

	SFYX	XMHQ	Difference
Max Drawdown Largest peak-to-trough decline	—	-58.19%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.85%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.90%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-9.22%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.97%	—

Volatility

Volatility by Period

	SFYX	XMHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.18%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	20.58%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.64%	—

SFYX vs. XMHQ - Expense Ratio Comparison

SFYX has a 0.00% expense ratio, which is lower than XMHQ's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SFYX vs. XMHQ - Dividend Comparison

SFYX has not paid dividends to shareholders, while XMHQ's dividend yield for the trailing twelve months is around 0.56%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SFYX SoFi Next 500 ETF	0.67%	1.44%	1.25%	1.51%	1.56%	0.90%	1.16%	1.02%	0.00%	0.00%	0.00%	0.00%
XMHQ Invesco S&P MidCap Quality ETF	0.56%	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

Can I hold both SFYX and XMHQ in my portfolio?

SFYX and XMHQ have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SFYX or XMHQ?

On fees, SFYX is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SFYX or XMHQ?

SFYX is cheaper with a 0.00% expense ratio, compared with 0.25% for XMHQ.

Which ETF pays a higher dividend yield, SFYX or XMHQ?

SFYX has the higher dividend yield at 0.67%, compared with 0.56% for XMHQ.

What is the main difference between SFYX and XMHQ?

SFYX is categorized as Mid Cap Growth Equities, while XMHQ is Quality Factor. SFYX tracks Solactive SoFi US Next 500 Growth Index, while XMHQ tracks S&P MidCap 400 Quality Index. They also come from different issuers: Toroso Investments and Invesco. Their fees differ too: 0.00% for SFYX and 0.25% for XMHQ.