XMHQ vs. OPTZ
Compare and contrast key facts about Invesco S&P MidCap Quality ETF (XMHQ) and Optimize Strategy Index ETF (OPTZ).
XMHQ and OPTZ 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. OPTZ is a passively managed fund by Optimize that tracks the performance of the Optimize Strategy Index. It was launched on Apr 23, 2024. Both XMHQ and OPTZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
XMHQ vs. OPTZ - Performance Comparison
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XMHQ vs. OPTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XMHQ Invesco S&P MidCap Quality ETF | 2.09% | 4.71% | -1.46% |
OPTZ Optimize Strategy Index ETF | 1.93% | 22.83% | 16.81% |
Returns By Period
In the year-to-date period, XMHQ achieves a 2.09% return, which is significantly higher than OPTZ's 1.93% return.
XMHQ
- 1D
- 1.01%
- 1M
- -4.01%
- YTD
- 2.09%
- 6M
- -0.40%
- 1Y
- 13.46%
- 3Y*
- 14.90%
- 5Y*
- 8.29%
- 10Y*
- 12.53%
OPTZ
- 1D
- 1.51%
- 1M
- -5.68%
- YTD
- 1.93%
- 6M
- 4.54%
- 1Y
- 36.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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XMHQ vs. OPTZ - Expense Ratio Comparison
Both XMHQ and OPTZ have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
XMHQ vs. OPTZ — Risk / Return Rank
XMHQ
OPTZ
XMHQ vs. OPTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Quality ETF (XMHQ) and Optimize Strategy Index ETF (OPTZ). 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.
| XMHQ | OPTZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 1.57 | -0.90 |
Sortino ratioReturn per unit of downside risk | 1.13 | 2.29 | -1.16 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.32 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.18 | 2.56 | -1.38 |
Martin ratioReturn relative to average drawdown | 4.29 | 11.83 | -7.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XMHQ | OPTZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.57 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.06 | -0.62 |
Correlation
The correlation between XMHQ and OPTZ is 0.87, 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.
Dividends
XMHQ vs. OPTZ - Dividend Comparison
XMHQ's dividend yield for the trailing twelve months is around 0.59%, more than OPTZ's 0.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMHQ Invesco S&P MidCap Quality ETF | 0.59% | 0.64% | 5.20% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.63% | 1.34% |
OPTZ Optimize Strategy Index ETF | 0.57% | 0.58% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XMHQ vs. OPTZ - Drawdown Comparison
The maximum XMHQ drawdown since its inception was -58.19%, which is greater than OPTZ's maximum drawdown of -25.75%. Use the drawdown chart below to compare losses from any high point for XMHQ and OPTZ.
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Drawdown Indicators
| XMHQ | OPTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.19% | -25.75% | -32.44% |
Max Drawdown (1Y)Largest decline over 1 year | -12.54% | -14.58% | +2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -25.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.90% | — | — |
Current DrawdownCurrent decline from peak | -4.40% | -5.68% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -9.35% | -3.61% | -5.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 3.15% | +0.29% |
Volatility
XMHQ vs. OPTZ - Volatility Comparison
The current volatility for Invesco S&P MidCap Quality ETF (XMHQ) is 5.99%, while Optimize Strategy Index ETF (OPTZ) has a volatility of 7.54%. This indicates that XMHQ experiences smaller price fluctuations and is considered to be less risky than OPTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMHQ | OPTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 7.54% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 13.01% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.29% | 23.40% | -3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.76% | 20.61% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.69% | 20.61% | +0.08% |