XMHQ vs. JSMD
Compare and contrast key facts about Invesco S&P MidCap Quality ETF (XMHQ) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD).
XMHQ and JSMD 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. JSMD is a passively managed fund by Janus Henderson that tracks the performance of the Janus Small Mid Cap Growth Alpha Index. It was launched on Feb 25, 2016. Both XMHQ and JSMD 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 JSMD.
Key characteristics
| XMHQ | JSMD | |
|---|---|---|
| YTD Return | 23.00% | 11.89% |
| 1Y Return | 35.69% | 26.47% |
| 3Y Return (Ann) | 12.55% | 3.92% |
| 5Y Return (Ann) | 18.13% | 11.16% |
| Sharpe Ratio | 2.06 | 1.51 |
| Sortino Ratio | 2.89 | 2.19 |
| Omega Ratio | 1.34 | 1.26 |
| Calmar Ratio | 3.46 | 1.25 |
| Martin Ratio | 8.80 | 7.94 |
| Ulcer Index | 4.27% | 3.56% |
| Daily Std Dev | 18.27% | 18.74% |
| Max Drawdown | -58.19% | -38.98% |
| Current Drawdown | -1.04% | -0.32% |
Correlation
The correlation between XMHQ and JSMD 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
XMHQ vs. JSMD - Performance Comparison
In the year-to-date period, XMHQ achieves a 23.00% return, which is significantly higher than JSMD's 11.89% 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. JSMD - Expense Ratio Comparison
XMHQ has a 0.25% expense ratio, which is lower than JSMD's 0.30% expense ratio.
Risk-Adjusted Performance
XMHQ vs. JSMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Quality ETF (XMHQ) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD). 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. JSMD - Dividend Comparison
XMHQ's dividend yield for the trailing twelve months is around 4.90%, more than JSMD's 0.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMHQ Invesco S&P MidCap Quality ETF | 4.90% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.63% | 1.34% | 1.25% | 1.11% |
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF | 0.36% | 0.44% | 0.40% | 0.28% | 0.24% | 0.32% | 0.53% | 0.30% | 0.36% | 0.00% | 0.00% | 0.00% |
Drawdowns
XMHQ vs. JSMD - Drawdown Comparison
The maximum XMHQ drawdown since its inception was -58.19%, which is greater than JSMD's maximum drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for XMHQ and JSMD. For additional features, visit the drawdowns tool.
Volatility
XMHQ vs. JSMD - Volatility Comparison
The current volatility for Invesco S&P MidCap Quality ETF (XMHQ) is 3.55%, while Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has a volatility of 3.78%. This indicates that XMHQ experiences smaller price fluctuations and is considered to be less risky than JSMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.