XMHQ vs. IDHQ
XMHQ (Invesco S&P MidCap Quality ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Quality Factor funds from Invesco - XMHQ tracks the S&P MidCap 400 Quality Index while IDHQ tracks the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past 10 years, XMHQ returned 12.81%/yr vs 10.76%/yr for IDHQ. Their 0.61 correlation means they have sometimes moved together and sometimes differently. XMHQ charges 0.25%/yr vs 0.29%/yr for IDHQ.
Performance
XMHQ vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, XMHQ achieves a 13.81% return, which is significantly lower than IDHQ's 27.25% return. Over the past 10 years, XMHQ has outperformed IDHQ with an annualized return of 12.81%, while IDHQ has yielded a comparatively lower 10.76% annualized return.
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%
IDHQ
- 1D
- 0.78%
- 1M
- 0.59%
- 6M
- 18.33%
- YTD
- 27.25%
- 1Y
- 42.41%
- 3Y*
- 20.69%
- 5Y*
- 9.61%
- 10Y*
- 10.76%
- ALL TIME*
- 5.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.00M | $6.33M | $5.63M | |
| $19.09M | $19.28M | $20.51M |
XMHQ vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMHQ Invesco S&P MidCap Quality ETF | 13.81% | 4.71% | 16.79% | 29.51% | -12.42% | 20.98% | 26.61% | 27.18% | -9.08% | 15.64% |
IDHQ Invesco S&P International Developed High Quality ETF | 27.25% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -13.38% | 28.16% |
Correlation
The correlation between XMHQ and IDHQ is 0.65, 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. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2007 | 0.61 |
The correlation between XMHQ and IDHQ has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.
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Return for Risk
XMHQ vs. IDHQ — Risk / Return Rank
XMHQ
IDHQ
XMHQ vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Quality ETF (XMHQ) and Invesco S&P International Developed High Quality ETF (IDHQ). 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.
| XMHQ | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 3.17 | -1.19 |
| Martin ratioReturn relative to average drawdown | 5.90 | 12.70 | -6.81 |
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Drawdowns
XMHQ vs. IDHQ - Drawdown Comparison
The maximum XMHQ drawdown since its inception was -58.19%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for XMHQ and IDHQ.
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Drawdown Indicators
| XMHQ | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.19% | -73.84% | +15.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.85% | -13.44% | +4.59% |
Max Drawdown (3Y)Largest decline over 3 years | -24.56% | -14.07% | -10.49% |
Max Drawdown (5Y)Largest decline over 5 years | -25.47% | -33.54% | +8.07% |
Max Drawdown (10Y)Largest decline over 10 years | -36.90% | -33.54% | -3.36% |
Current DrawdownCurrent decline from peak | 0.00% | -0.27% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -21.03% | +11.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 3.35% | -0.38% |
Volatility
XMHQ vs. IDHQ - Volatility Comparison
The current volatility for Invesco S&P MidCap Quality ETF (XMHQ) is 3.28%, while Invesco S&P International Developed High Quality ETF (IDHQ) has a volatility of 4.02%. This indicates that XMHQ experiences smaller price fluctuations and is considered to be less risky than IDHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMHQ | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 4.02% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 11.03% | 18.89% | -7.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 20.72% | -5.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.58% | 17.86% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.64% | 17.98% | +2.66% |
XMHQ vs. IDHQ - Expense Ratio Comparison
XMHQ has a 0.25% expense ratio, which is lower than IDHQ's 0.29% expense ratio.
Dividends
XMHQ vs. IDHQ - Dividend Comparison
XMHQ's dividend yield for the trailing twelve months is around 0.56%, less than IDHQ's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDHQ Invesco S&P International Developed High Quality ETF | 1.99% | 2.46% | 2.41% | 2.52% | 3.33% | 2.10% | 1.60% | 2.10% | 2.67% | 1.68% | 2.36% | 1.71% |
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
XMHQ and IDHQ have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDHQ has higher volatility (4.02%) compared to XMHQ (3.28%). In terms of maximum drawdown, XMHQ dropped -58.19% vs IDHQ's -73.84%.
On 10-year performance, XMHQ leads with 12.81% vs 10.76% for IDHQ. On fees, XMHQ is cheaper at 0.25% per year. On volatility, XMHQ has been the lower-risk option at 3.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, XMHQ has performed better with a 12.81% return vs 10.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XMHQ is cheaper with a 0.25% expense ratio, compared with 0.29% for IDHQ.
IDHQ has the higher dividend yield at 1.99%, compared with 0.56% for XMHQ.
XMHQ tracks S&P MidCap 400 Quality Index, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Their fees differ too: 0.25% for XMHQ and 0.29% for IDHQ.
IDHQ currently has the higher Sharpe Ratio (2.06 vs 1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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