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.
Key characteristics
| XMHQ | QQQ | |
|---|---|---|
| YTD Return | 22.35% | 10.46% |
| 1Y Return | 45.56% | 34.84% |
| 3Y Return (Ann) | 13.12% | 12.65% |
| 5Y Return (Ann) | 18.71% | 20.64% |
| 10Y Return (Ann) | 13.05% | 18.79% |
| Sharpe Ratio | 2.84 | 2.30 |
| Daily Std Dev | 16.85% | 16.24% |
| Max Drawdown | -58.19% | -82.98% |
| Current Drawdown | -1.56% | -0.25% |
Correlation
The correlation between XMHQ and QQQ is 0.68, 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.
Performance
XMHQ vs. QQQ - Performance Comparison
In the year-to-date period, XMHQ achieves a 22.35% return, which is significantly higher than QQQ's 10.46% return. Over the past 10 years, XMHQ has underperformed QQQ with an annualized return of 13.05%, while QQQ has yielded a comparatively higher 18.79% annualized 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. 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%.
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 0.59%, more than QQQ's 0.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMHQ 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% |
QQQ Invesco QQQ | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
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
The current volatility for Invesco S&P MidCap Quality ETF (XMHQ) is 4.31%, while Invesco QQQ (QQQ) has a volatility of 4.84%. This indicates that XMHQ experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.