XMHQ vs. ONEY
Compare and contrast key facts about Invesco S&P MidCap Quality ETF (XMHQ) and SPDR Russell 1000 Yield Focus ETF (ONEY).
XMHQ and ONEY 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. ONEY is a passively managed fund by State Street that tracks the performance of the Russell 1000 Yield Focused Factor (TR). It was launched on Dec 2, 2015. Both XMHQ and ONEY 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 ONEY.
Key characteristics
XMHQ | ONEY | |
---|---|---|
YTD Return | 21.76% | 7.34% |
1Y Return | 46.88% | 21.60% |
3Y Return (Ann) | 12.26% | 6.79% |
5Y Return (Ann) | 18.40% | 12.64% |
Sharpe Ratio | 2.84 | 1.56 |
Daily Std Dev | 16.93% | 14.22% |
Max Drawdown | -58.19% | -46.80% |
Current Drawdown | -2.04% | -1.24% |
Correlation
The correlation between XMHQ and ONEY is 0.75, 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. ONEY - Performance Comparison
In the year-to-date period, XMHQ achieves a 21.76% return, which is significantly higher than ONEY's 7.34% 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. ONEY - Expense Ratio Comparison
XMHQ has a 0.25% expense ratio, which is higher than ONEY's 0.20% 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%.
Risk-Adjusted Performance
XMHQ vs. ONEY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Quality ETF (XMHQ) and SPDR Russell 1000 Yield Focus ETF (ONEY). 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. ONEY - Dividend Comparison
XMHQ's dividend yield for the trailing twelve months is around 0.59%, less than ONEY's 2.99% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPDR Russell 1000 Yield Focus ETF | 2.99% | 3.14% | 3.17% | 2.46% | 2.74% | 3.17% | 3.72% | 10.73% | 3.19% | 0.12% | 0.00% | 0.00% |
Drawdowns
XMHQ vs. ONEY - Drawdown Comparison
The maximum XMHQ drawdown since its inception was -58.19%, which is greater than ONEY's maximum drawdown of -46.80%. Use the drawdown chart below to compare losses from any high point for XMHQ and ONEY. For additional features, visit the drawdowns tool.
Volatility
XMHQ vs. ONEY - Volatility Comparison
Invesco S&P MidCap Quality ETF (XMHQ) has a higher volatility of 4.25% compared to SPDR Russell 1000 Yield Focus ETF (ONEY) at 2.90%. This indicates that XMHQ's price experiences larger fluctuations and is considered to be riskier than ONEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.