XMHQ vs. FLQM
Compare and contrast key facts about Invesco S&P MidCap Quality ETF (XMHQ) and Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM).
XMHQ and FLQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FLQM is a passively managed fund by Franklin Templeton that tracks the performance of the LibertyQ U.S. Mid Cap Equity Index. It was launched on Apr 26, 2017. Both XMHQ and FLQM 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: XMHQ or FLQM.
Key characteristics
| XMHQ | FLQM | |
|---|---|---|
| YTD Return | 22.35% | 9.09% |
| 1Y Return | 45.56% | 22.84% |
| 3Y Return (Ann) | 13.12% | 8.31% |
| 5Y Return (Ann) | 18.71% | 13.02% |
| Sharpe Ratio | 2.84 | 1.94 |
| Daily Std Dev | 16.85% | 12.59% |
| Max Drawdown | -58.19% | -37.26% |
| Current Drawdown | -1.56% | -1.95% |
Correlation
The correlation between XMHQ and FLQM is 0.83, 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
XMHQ vs. FLQM - Performance Comparison
In the year-to-date period, XMHQ achieves a 22.35% return, which is significantly higher than FLQM's 9.09% 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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XMHQ vs. FLQM - Expense Ratio Comparison
XMHQ has a 0.25% expense ratio, which is lower than FLQM's 0.30% expense ratio.
Risk-Adjusted Performance
XMHQ vs. FLQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Quality ETF (XMHQ) and Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM). 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
XMHQ vs. FLQM - Dividend Comparison
XMHQ's dividend yield for the trailing twelve months is around 0.59%, less than FLQM's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMHQ Invesco S&P MidCap Quality ETF | 0.59% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.63% | 1.34% | 1.25% | 1.11% |
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF | 1.16% | 1.27% | 1.33% | 1.05% | 1.10% | 1.37% | 1.42% | 1.15% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XMHQ vs. FLQM - Drawdown Comparison
The maximum XMHQ drawdown since its inception was -58.19%, which is greater than FLQM's maximum drawdown of -37.26%. Use the drawdown chart below to compare losses from any high point for XMHQ and FLQM. For additional features, visit the drawdowns tool.
Volatility
XMHQ vs. FLQM - Volatility Comparison
Invesco S&P MidCap Quality ETF (XMHQ) has a higher volatility of 4.31% compared to Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) at 2.97%. This indicates that XMHQ's price experiences larger fluctuations and is considered to be riskier than FLQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.