XMHQ vs. XMMO
Compare and contrast key facts about Invesco S&P MidCap Quality ETF (XMHQ) and Invesco S&P MidCap Momentum ETF (XMMO).
XMHQ and XMMO 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. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005. Both XMHQ and XMMO 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 XMMO.
Performance
XMHQ vs. XMMO - Performance Comparison
Returns By Period
In the year-to-date period, XMHQ achieves a 20.94% return, which is significantly lower than XMMO's 42.74% return. Over the past 10 years, XMHQ has underperformed XMMO with an annualized return of 12.04%, while XMMO has yielded a comparatively higher 15.79% annualized return.
XMHQ
20.94%
-2.45%
-1.15%
31.16%
16.79%
12.04%
XMMO
42.74%
2.49%
10.77%
56.93%
17.58%
15.79%
Key characteristics
| XMHQ | XMMO | |
|---|---|---|
| Sharpe Ratio | 1.69 | 2.83 |
| Sortino Ratio | 2.43 | 3.88 |
| Omega Ratio | 1.29 | 1.47 |
| Calmar Ratio | 2.93 | 4.24 |
| Martin Ratio | 7.18 | 19.22 |
| Ulcer Index | 4.21% | 2.89% |
| Daily Std Dev | 17.85% | 19.59% |
| Max Drawdown | -58.19% | -55.37% |
| Current Drawdown | -4.01% | -3.07% |
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XMHQ vs. XMMO - Expense Ratio Comparison
XMHQ has a 0.25% expense ratio, which is lower than XMMO's 0.33% expense ratio.
Correlation
The correlation between XMHQ and XMMO is 0.80, 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.
Risk-Adjusted Performance
XMHQ vs. XMMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Quality ETF (XMHQ) and Invesco S&P MidCap Momentum ETF (XMMO). 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. XMMO - Dividend Comparison
XMHQ's dividend yield for the trailing twelve months is around 4.98%, more than XMMO's 0.31% 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% |
XMMO Invesco S&P MidCap Momentum ETF | 0.31% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% | 1.24% | 1.31% |
Drawdowns
XMHQ vs. XMMO - Drawdown Comparison
The maximum XMHQ drawdown since its inception was -58.19%, which is greater than XMMO's maximum drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for XMHQ and XMMO. For additional features, visit the drawdowns tool.
Volatility
XMHQ vs. XMMO - Volatility Comparison
Invesco S&P MidCap Quality ETF (XMHQ) and Invesco S&P MidCap Momentum ETF (XMMO) have volatilities of 5.77% and 5.99%, 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.