XMMO vs. QQQ
Compare and contrast key facts about Invesco S&P MidCap Momentum ETF (XMMO) and Invesco QQQ ETF (QQQ).
XMMO and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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 XMMO 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.
Performance
XMMO vs. QQQ - Performance Comparison
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XMMO vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMMO Invesco S&P MidCap Momentum ETF | 6.86% | 13.04% | 38.03% | 20.39% | -16.02% | 16.69% | 29.17% | 36.78% | 6.12% | 37.18% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, XMMO achieves a 6.86% return, which is significantly higher than QQQ's -4.76% return. Both investments have delivered pretty close results over the past 10 years, with XMMO having a 18.41% annualized return and QQQ not far ahead at 18.99%.
XMMO
- 1D
- 1.85%
- 1M
- -2.62%
- YTD
- 6.86%
- 6M
- 9.51%
- 1Y
- 29.37%
- 3Y*
- 25.85%
- 5Y*
- 12.62%
- 10Y*
- 18.41%
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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XMMO vs. QQQ - Expense Ratio Comparison
XMMO has a 0.33% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
XMMO vs. QQQ — Risk / Return Rank
XMMO
QQQ
XMMO vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Momentum ETF (XMMO) and Invesco QQQ ETF (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.
| XMMO | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 1.07 | +0.27 |
Sortino ratioReturn per unit of downside risk | 1.91 | 1.66 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.24 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.00 | +0.41 |
Martin ratioReturn relative to average drawdown | 11.42 | 7.32 | +4.10 |
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
| XMMO | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.07 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.59 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.86 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.38 | +0.17 |
Correlation
The correlation between XMMO and QQQ is 0.78, 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
XMMO vs. QQQ - Dividend Comparison
XMMO's dividend yield for the trailing twelve months is around 0.70%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMMO Invesco S&P MidCap Momentum ETF | 0.70% | 0.78% | 0.34% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
XMMO vs. QQQ - Drawdown Comparison
The maximum XMMO drawdown since its inception was -55.37%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for XMMO and QQQ.
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Drawdown Indicators
| XMMO | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.37% | -82.97% | +27.60% |
Max Drawdown (1Y)Largest decline over 1 year | -12.81% | -12.62% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -27.91% | -35.12% | +7.21% |
Max Drawdown (10Y)Largest decline over 10 years | -36.74% | -35.12% | -1.62% |
Current DrawdownCurrent decline from peak | -2.62% | -7.86% | +5.24% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -32.99% | +23.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 3.44% | -0.74% |
Volatility
XMMO vs. QQQ - Volatility Comparison
Invesco S&P MidCap Momentum ETF (XMMO) has a higher volatility of 9.04% compared to Invesco QQQ ETF (QQQ) at 6.61%. This indicates that XMMO's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMMO | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.04% | 6.61% | +2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.39% | 12.82% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.03% | 22.70% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.27% | 22.38% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.11% | 22.25% | -0.14% |