Correlation
The correlation between UPGD and XMHQ is 0.77, 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.
UPGD vs. XMHQ
Compare and contrast key facts about Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) and Invesco S&P MidCap Quality ETF (XMHQ).
UPGD and XMHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPGD is a passively managed fund by Invesco that tracks the performance of the Bloomberg ANR Improvers Index - Benchmark TR Gross. It was launched on May 19, 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 UPGD 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: UPGD or XMHQ.
Performance
UPGD vs. XMHQ - Performance Comparison
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Key characteristics
UPGD:
0.65
XMHQ:
-0.11
UPGD:
0.94
XMHQ:
-0.05
UPGD:
1.13
XMHQ:
0.99
UPGD:
0.56
XMHQ:
-0.14
UPGD:
1.88
XMHQ:
-0.38
UPGD:
4.98%
XMHQ:
8.92%
UPGD:
15.79%
XMHQ:
22.95%
UPGD:
-60.74%
XMHQ:
-58.19%
UPGD:
-5.74%
XMHQ:
-10.67%
Returns By Period
In the year-to-date period, UPGD achieves a 1.89% return, which is significantly higher than XMHQ's -0.99% return. Over the past 10 years, UPGD has underperformed XMHQ with an annualized return of 7.50%, while XMHQ has yielded a comparatively higher 10.94% annualized return.
UPGD
1.89%
3.94%
-5.74%
8.94%
8.88%
14.93%
7.50%
XMHQ
-0.99%
5.12%
-9.67%
-3.51%
14.11%
15.79%
10.94%
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UPGD vs. XMHQ - Expense Ratio Comparison
UPGD has a 0.40% expense ratio, which is higher than XMHQ's 0.25% expense ratio.
Risk-Adjusted Performance
UPGD vs. XMHQ — Risk-Adjusted Performance Rank
UPGD
XMHQ
UPGD vs. XMHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) 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.
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Dividends
UPGD vs. XMHQ - Dividend Comparison
UPGD's dividend yield for the trailing twelve months is around 1.25%, less than XMHQ's 5.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPGD Invesco Bloomberg Analyst Rating Improvers ETF | 1.25% | 1.28% | 1.39% | 0.72% | 0.52% | 0.28% | 0.20% | 1.43% | 0.00% | 1.55% | 0.92% | 0.26% |
XMHQ Invesco S&P MidCap Quality ETF | 5.24% | 5.20% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.64% | 1.34% | 1.25% |
Drawdowns
UPGD vs. XMHQ - Drawdown Comparison
The maximum UPGD drawdown since its inception was -60.74%, roughly equal to the maximum XMHQ drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for UPGD and XMHQ.
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Volatility
UPGD vs. XMHQ - Volatility Comparison
The current volatility for Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) is 4.82%, while Invesco S&P MidCap Quality ETF (XMHQ) has a volatility of 5.83%. This indicates that UPGD experiences smaller price fluctuations and is considered to be less risky than XMHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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