XMHQ vs. QQQ
Compare and contrast key facts about Invesco S&P MidCap Quality ETF (XMHQ) and Invesco QQQ (QQQ).
XMHQ and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both XMHQ and QQQ 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 QQQ.
Performance
XMHQ vs. QQQ - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with XMHQ having a 20.94% return and QQQ slightly higher at 21.78%. Over the past 10 years, XMHQ has underperformed QQQ with an annualized return of 12.04%, while QQQ has yielded a comparatively higher 17.95% annualized return.
XMHQ
20.94%
-2.45%
-1.15%
31.16%
16.79%
12.04%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| XMHQ | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.69 | 1.70 |
| Sortino Ratio | 2.43 | 2.29 |
| Omega Ratio | 1.29 | 1.31 |
| Calmar Ratio | 2.93 | 2.19 |
| Martin Ratio | 7.18 | 7.96 |
| Ulcer Index | 4.21% | 3.72% |
| Daily Std Dev | 17.85% | 17.39% |
| Max Drawdown | -58.19% | -82.98% |
| Current Drawdown | -4.01% | -3.42% |
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XMHQ vs. QQQ - Expense Ratio Comparison
XMHQ has a 0.25% expense ratio, which is higher than QQQ'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%.
Correlation
The correlation between XMHQ and QQQ is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
XMHQ vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Quality ETF (XMHQ) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
XMHQ's dividend yield for the trailing twelve months is around 4.98%, more than QQQ's 0.61% 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% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
XMHQ vs. QQQ - Drawdown Comparison
The maximum XMHQ drawdown since its inception was -58.19%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for XMHQ and QQQ. For additional features, visit the drawdowns tool.
Volatility
XMHQ vs. QQQ - Volatility Comparison
Invesco S&P MidCap Quality ETF (XMHQ) and Invesco QQQ (QQQ) have volatilities of 5.77% and 5.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.