XMHQ vs. IMCG
Compare and contrast key facts about Invesco S&P MidCap Quality ETF (XMHQ) and iShares Morningstar Mid-Cap Growth ETF (IMCG).
XMHQ and IMCG 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. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004. Both XMHQ and IMCG 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 IMCG.
Performance
XMHQ vs. IMCG - Performance Comparison
Returns By Period
In the year-to-date period, XMHQ achieves a 20.94% return, which is significantly higher than IMCG's 19.66% return. Both investments have delivered pretty close results over the past 10 years, with XMHQ having a 12.04% annualized return and IMCG not far ahead at 12.08%.
XMHQ
20.94%
-2.45%
-1.15%
31.16%
16.79%
12.04%
IMCG
19.66%
2.73%
10.79%
32.48%
13.40%
12.08%
Key characteristics
| XMHQ | IMCG | |
|---|---|---|
| Sharpe Ratio | 1.69 | 2.24 |
| Sortino Ratio | 2.43 | 3.08 |
| Omega Ratio | 1.29 | 1.38 |
| Calmar Ratio | 2.93 | 1.43 |
| Martin Ratio | 7.18 | 11.63 |
| Ulcer Index | 4.21% | 2.73% |
| Daily Std Dev | 17.85% | 14.18% |
| Max Drawdown | -58.19% | -58.96% |
| Current Drawdown | -4.01% | -2.63% |
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XMHQ vs. IMCG - Expense Ratio Comparison
XMHQ has a 0.25% expense ratio, which is higher than IMCG's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between XMHQ and IMCG is 0.79, 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.
Risk-Adjusted Performance
XMHQ vs. IMCG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Quality ETF (XMHQ) and iShares Morningstar Mid-Cap Growth ETF (IMCG). 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. IMCG - Dividend Comparison
XMHQ's dividend yield for the trailing twelve months is around 4.98%, more than IMCG's 0.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMHQ Invesco S&P MidCap Quality ETF | 4.98% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.64% | 1.34% | 1.25% | 1.11% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.79% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% | 0.60% | 0.36% |
Drawdowns
XMHQ vs. IMCG - Drawdown Comparison
The maximum XMHQ drawdown since its inception was -58.19%, roughly equal to the maximum IMCG drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for XMHQ and IMCG. For additional features, visit the drawdowns tool.
Volatility
XMHQ vs. IMCG - Volatility Comparison
Invesco S&P MidCap Quality ETF (XMHQ) has a higher volatility of 5.77% compared to iShares Morningstar Mid-Cap Growth ETF (IMCG) at 4.71%. This indicates that XMHQ's price experiences larger fluctuations and is considered to be riskier than IMCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.