XMHQ vs. VIMCX

Last updated Aug 4, 2026

XMHQ (Invesco S&P MidCap Quality ETF) and VIMCX (Virtus KAR Mid-Cap Core Fund) are both funds - XMHQ is a Quality Factor fund tracking the S&P MidCap 400 Quality Index, while VIMCX is a Mid Cap Growth Equities fund managed by Virtus. Over the past 10 years, XMHQ returned 12.81%/yr vs 10.70%/yr for VIMCX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. XMHQ charges 0.25%/yr vs 0.95%/yr for VIMCX.

Performance

XMHQ vs. VIMCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap Quality ETF (XMHQ) and Virtus KAR Mid-Cap Core Fund (VIMCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XMHQ achieves a 13.81% return, which is significantly higher than VIMCX's 0.96% return. Over the past 10 years, XMHQ has outperformed VIMCX with an annualized return of 12.81%, while VIMCX has yielded a comparatively lower 10.70% annualized return.

XMHQ

• 1D: 1.13%
• 1M: 2.55%
• 6M: 8.92%
• YTD: 13.81%
• 1Y: 17.48%
• 3Y*: 14.23%
• 5Y*: 10.44%
• 10Y*: 12.81%
• ALL TIME*: 9.54%

VIMCX

• 1D: 0.26%
• 1M: -0.48%
• 6M: -3.46%
• YTD: 0.96%
• 1Y: 0.27%
• 3Y*: 4.58%
• 5Y*: 2.15%
• 10Y*: 10.70%
• ALL TIME*: 12.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VIMCX Virtus KAR Mid-Cap Core Fund	$0.00	$0.00	$0.00
XMHQ Invesco S&P MidCap Quality ETF	$19.09M	$19.28M	$20.51M

XMHQ vs. VIMCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XMHQ Invesco S&P MidCap Quality ETF	13.81%	4.71%	16.79%	29.51%	-12.42%	20.98%	26.61%	27.18%	-9.08%	15.64%
VIMCX Virtus KAR Mid-Cap Core Fund	0.96%	0.72%	5.20%	22.64%	-19.75%	25.28%	26.11%	31.74%	-4.18%	24.95%

Correlation

The correlation between XMHQ and VIMCX is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (10Y) Provides a long-term view across more market conditions.	0.83
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009	0.80

The correlation between XMHQ and VIMCX has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

Return for Risk

XMHQ vs. VIMCX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XMHQ

XMHQ Risk / Return Rank: 48
XMHQ Sharpe Ratio Rank: 46
XMHQ Sortino Ratio Rank: 48
XMHQ Omega Ratio Rank: 42
XMHQ Calmar Ratio Rank: 54
XMHQ Martin Ratio Rank: 50

VIMCX

VIMCX Risk / Return Rank: 4
VIMCX Sharpe Ratio Rank: 4
VIMCX Sortino Ratio Rank: 4
VIMCX Omega Ratio Rank: 4
VIMCX Calmar Ratio Rank: 4
VIMCX Martin Ratio Rank: 4

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XMHQ vs. VIMCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Quality ETF (XMHQ) and Virtus KAR Mid-Cap Core Fund (VIMCX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XMHQ	VIMCX	Difference
Sharpe ratio: Return per unit of total volatility	1.16	-0.02	+1.17
Sortino ratio: Return per unit of downside risk	1.76	0.10	+1.67
Omega ratio: Gain probability vs. loss probability	1.20	1.01	+0.19
Calmar ratio: Return relative to maximum drawdown	1.98	-0.02	+2.01
Martin ratio: Return relative to average drawdown	5.90	-0.05	+5.95

XMHQ vs. VIMCX - Sharpe Ratio Comparison

The current XMHQ Sharpe Ratio is 1.16, which is higher than the VIMCX Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of XMHQ and VIMCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XMHQ vs. VIMCX - Drawdown Comparison

The maximum XMHQ drawdown since its inception was -58.19%, which is greater than VIMCX's maximum drawdown of -33.92%. Use the drawdown chart below to compare losses from any high point for XMHQ and VIMCX.

Drawdown Indicators

	XMHQ	VIMCX	Difference
Max Drawdown Largest peak-to-trough decline	-58.19%	-33.92%	-24.27%
Max Drawdown (1Y) Largest decline over 1 year	-8.85%	-12.14%	+3.29%
Max Drawdown (3Y) Largest decline over 3 years	-24.56%	-20.32%	-4.24%
Max Drawdown (5Y) Largest decline over 5 years	-25.47%	-28.42%	+2.95%
Max Drawdown (10Y) Largest decline over 10 years	-36.90%	-33.92%	-2.98%
Current Drawdown Current decline from peak	0.00%	-5.63%	+5.63%
Average Drawdown Average peak-to-trough decline	-9.22%	-4.89%	-4.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	4.86%	-1.89%

Volatility

XMHQ vs. VIMCX - Volatility Comparison

The current volatility for Invesco S&P MidCap Quality ETF (XMHQ) is 3.28%, while Virtus KAR Mid-Cap Core Fund (VIMCX) has a volatility of 3.84%. This indicates that XMHQ experiences smaller price fluctuations and is considered to be less risky than VIMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMHQ	VIMCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	3.84%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	11.03%	12.41%	-1.38%
Volatility (1Y) Calculated over the trailing 1-year period	15.18%	16.35%	-1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.58%	18.21%	+2.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.64%	18.66%	+1.98%

XMHQ vs. VIMCX - Expense Ratio Comparison

XMHQ has a 0.25% expense ratio, which is lower than VIMCX's 0.95% expense ratio.

Dividends

XMHQ vs. VIMCX - Dividend Comparison

XMHQ's dividend yield for the trailing twelve months is around 0.56%, less than VIMCX's 4.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VIMCX Virtus KAR Mid-Cap Core Fund	4.37%	4.41%	0.00%	2.36%	0.23%	1.58%	0.67%	0.94%	0.77%	0.29%	0.00%	0.63%
XMHQ Invesco S&P MidCap Quality ETF	0.56%	0.64%	5.20%	0.73%	1.72%	1.00%	1.12%	1.22%	1.59%	1.06%	1.63%	1.34%

Frequently Asked Questions

Can I hold both XMHQ and VIMCX in my portfolio?

XMHQ and VIMCX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XMHQ or VIMCX?

VIMCX has higher volatility (3.84%) compared to XMHQ (3.28%). In terms of maximum drawdown, XMHQ dropped -58.19% vs VIMCX's -33.92%.

Which has better risk-adjusted returns?

XMHQ currently has the higher Sharpe Ratio (1.16 vs -0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.