SFYX vs. XMHQ

Last updated Jun 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 Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index. Both are passively managed. Their correlation of 0.89 suggests significant overlap in exposure. 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: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XMHQ

• 1D: 0.50%
• 1M: 4.20%
• YTD: 9.49%
• 6M: 9.51%
• 1Y: 14.33%
• 3Y*: 16.56%
• 5Y*: 9.37%
• 10Y*: 12.83%

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

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%	6.95%
XMHQ Invesco S&P MidCap Quality ETF	9.49%	4.71%	16.79%	29.51%	-12.42%	20.98%	26.61%	6.86%

Correlation

The correlation between SFYX and XMHQ is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Apr 12, 2019	0.89

The correlation between SFYX and XMHQ shifts across timeframes, from 0.70 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

SFYX vs. XMHQ - Sectors Allocation Comparison

Sectors	SFYX	XMHQ
Industrials	20.5%	25.8%
Technology	16.9%	12.1%
Financial Services	15.9%	15.1%
Healthcare	12.1%	19.7%
Consumer Cyclical	9.9%	9.7%
Real Estate	6.4%	-
Communication Services	4.5%	2.7%
Energy	4.5%	6.7%
Basic Materials	3.2%	4.8%
Consumer Defensive	3.0%	3.9%
Utilities	2.2%	2.2%

Return for Risk

SFYX vs. XMHQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XMHQ

XMHQ Risk / Return Rank: 28
XMHQ Sharpe Ratio Rank: 25
XMHQ Sortino Ratio Rank: 27
XMHQ Omega Ratio Rank: 24
XMHQ Calmar Ratio Rank: 33
XMHQ Martin Ratio Rank: 31

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.

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.

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

Sharpe Ratios by Period

	SFYX	XMHQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.93	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.45	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.45	—

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	—	-9.29%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.02%	—

Volatility

Volatility by Period

	SFYX	XMHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.47%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	20.74%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.71%	—

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's dividend yield for the trailing twelve months is around 1.36%, more than XMHQ's 0.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SFYX SoFi Next 500 ETF	1.36%	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	0.55%	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 0.70, 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 1.36%, compared with 0.55% for XMHQ.

What is the main difference between SFYX and XMHQ?

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