XMH.TO vs. XMHQ
Compare and contrast key facts about iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged) (XMH.TO) and Invesco S&P MidCap Quality ETF (XMHQ).
XMH.TO and XMHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMH.TO is a passively managed fund by iShares that tracks the performance of the S&P MidCap 400® CAD Hedged Index. It was launched on Aug 4, 2015. 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 XMH.TO 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: XMH.TO or XMHQ.
Correlation
The correlation between XMH.TO and XMHQ is 0.80, 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
XMH.TO vs. XMHQ - Performance Comparison
Key characteristics
XMH.TO:
0.88
XMHQ:
0.31
XMH.TO:
1.32
XMHQ:
0.57
XMH.TO:
1.16
XMHQ:
1.07
XMH.TO:
1.51
XMHQ:
0.54
XMH.TO:
3.51
XMHQ:
1.04
XMH.TO:
3.86%
XMHQ:
5.34%
XMH.TO:
15.48%
XMHQ:
18.05%
XMH.TO:
-44.82%
XMHQ:
-58.19%
XMH.TO:
-6.57%
XMHQ:
-9.27%
Returns By Period
In the year-to-date period, XMH.TO achieves a 2.05% return, which is significantly higher than XMHQ's 0.56% return.
XMH.TO
2.05%
-3.29%
4.50%
13.35%
8.14%
N/A
XMHQ
0.56%
-4.73%
-0.40%
6.55%
14.93%
11.12%
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XMH.TO vs. XMHQ - Expense Ratio Comparison
XMH.TO has a 0.16% 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%.
Risk-Adjusted Performance
XMH.TO vs. XMHQ — Risk-Adjusted Performance Rank
XMH.TO
XMHQ
XMH.TO vs. XMHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged) (XMH.TO) 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
XMH.TO vs. XMHQ - Dividend Comparison
XMH.TO's dividend yield for the trailing twelve months is around 1.01%, less than XMHQ's 5.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMH.TO iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged) | 1.01% | 1.03% | 1.16% | 1.30% | 0.91% | 1.02% | 1.35% | 1.39% | 0.88% | 1.52% | 0.63% | 0.00% |
XMHQ Invesco S&P MidCap Quality ETF | 5.17% | 5.20% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.64% | 1.34% | 1.25% |
Drawdowns
XMH.TO vs. XMHQ - Drawdown Comparison
The maximum XMH.TO drawdown since its inception was -44.82%, smaller than the maximum XMHQ drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for XMH.TO and XMHQ. For additional features, visit the drawdowns tool.
Volatility
XMH.TO vs. XMHQ - Volatility Comparison
The current volatility for iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged) (XMH.TO) is 3.67%, while Invesco S&P MidCap Quality ETF (XMHQ) has a volatility of 4.27%. This indicates that XMH.TO 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.