XSHQ vs. QIDX

Last updated Aug 2, 2026

XSHQ (Invesco S&P SmallCap Quality ETF) and QIDX (Indexperts Quality Earnings Focused ETF) are both Quality Factor funds. XSHQ is passively managed, while QIDX is actively managed. Over the past year, XSHQ returned 20.29% vs 14.22% for QIDX. Their correlation of 0.85 means they have usually moved in the same direction. XSHQ charges 0.29%/yr vs 0.50%/yr for QIDX.

Performance

XSHQ vs. QIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Quality ETF (XSHQ) and Indexperts Quality Earnings Focused ETF (QIDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSHQ achieves a 14.76% return, which is significantly higher than QIDX's 10.40% return.

XSHQ

• 1D: -0.08%
• 1M: 0.52%
• 6M: 11.29%
• YTD: 14.76%
• 1Y: 20.29%
• 3Y*: 9.48%
• 5Y*: 7.26%
• 10Y*: —
• ALL TIME*: 8.92%

QIDX

• 1D: 0.55%
• 1M: 0.29%
• 6M: 6.42%
• YTD: 10.40%
• 1Y: 14.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.90%

*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)
QIDX Indexperts Quality Earnings Focused ETF	$53.70K	$62.72K	$42.16K
XSHQ Invesco S&P SmallCap Quality ETF	$7.28M	$3.86M	$2.26M

XSHQ vs. QIDX - Yearly Performance Comparison

	2026 (YTD)	2025
XSHQ Invesco S&P SmallCap Quality ETF	14.76%	0.89%
QIDX Indexperts Quality Earnings Focused ETF	10.40%	6.60%

Correlation

The correlation between XSHQ and QIDX is 0.84, 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.	0.84
Correlation (All Time) Calculated using the full available price history since Jan 2, 2025	0.85

The correlation between XSHQ and QIDX has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.

Return for Risk

XSHQ vs. QIDX — Risk / Return Rank

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

XSHQ

XSHQ Risk / Return Rank: 45
XSHQ Sharpe Ratio Rank: 43
XSHQ Sortino Ratio Rank: 47
XSHQ Omega Ratio Rank: 40
XSHQ Calmar Ratio Rank: 50
XSHQ Martin Ratio Rank: 44

QIDX

QIDX Risk / Return Rank: 49
QIDX Sharpe Ratio Rank: 48
QIDX Sortino Ratio Rank: 49
QIDX Omega Ratio Rank: 45
QIDX Calmar Ratio Rank: 53
QIDX Martin Ratio Rank: 53

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.

XSHQ vs. QIDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Quality ETF (XSHQ) and Indexperts Quality Earnings Focused ETF (QIDX). 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.

	XSHQ	QIDX	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.20	-0.14
Sortino ratio: Return per unit of downside risk	1.71	1.78	-0.07
Omega ratio: Gain probability vs. loss probability	1.19	1.21	-0.02
Calmar ratio: Return relative to maximum drawdown	1.78	1.90	-0.12
Martin ratio: Return relative to average drawdown	4.91	6.38	-1.47

XSHQ vs. QIDX - Sharpe Ratio Comparison

The current XSHQ Sharpe Ratio is 1.06, which is comparable to the QIDX Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of XSHQ and QIDX, 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

XSHQ vs. QIDX - Drawdown Comparison

The maximum XSHQ drawdown since its inception was -38.33%, which is greater than QIDX's maximum drawdown of -14.99%. Use the drawdown chart below to compare losses from any high point for XSHQ and QIDX.

Drawdown Indicators

	XSHQ	QIDX	Difference
Max Drawdown Largest peak-to-trough decline	-38.33%	-14.99%	-23.34%
Max Drawdown (1Y) Largest decline over 1 year	-10.27%	-6.92%	-3.35%
Max Drawdown (3Y) Largest decline over 3 years	-27.34%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.34%	—	—
Current Drawdown Current decline from peak	-0.55%	-0.44%	-0.11%
Average Drawdown Average peak-to-trough decline	-9.19%	-2.13%	-7.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	2.06%	+1.67%

Volatility

XSHQ vs. QIDX - Volatility Comparison

Invesco S&P SmallCap Quality ETF (XSHQ) has a higher volatility of 4.23% compared to Indexperts Quality Earnings Focused ETF (QIDX) at 2.55%. This indicates that XSHQ's price experiences larger fluctuations and is considered to be riskier than QIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSHQ	QIDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	2.55%	+1.68%
Volatility (6M) Calculated over the trailing 6-month period	11.69%	8.24%	+3.45%
Volatility (1Y) Calculated over the trailing 1-year period	17.30%	11.02%	+6.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.06%	14.20%	+6.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.00%	14.20%	+8.80%

XSHQ vs. QIDX - Expense Ratio Comparison

XSHQ has a 0.29% expense ratio, which is lower than QIDX's 0.50% expense ratio.

Dividends

XSHQ vs. QIDX - Dividend Comparison

XSHQ's dividend yield for the trailing twelve months is around 1.18%, more than QIDX's 0.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
QIDX Indexperts Quality Earnings Focused ETF	0.86%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XSHQ Invesco S&P SmallCap Quality ETF	1.18%	1.48%	1.18%	1.15%	2.02%	1.25%	1.24%	1.11%	1.16%	0.60%

Frequently Asked Questions

Can I hold both XSHQ and QIDX in my portfolio?

XSHQ and QIDX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XSHQ or QIDX?

XSHQ has higher volatility (4.23%) compared to QIDX (2.55%). In terms of maximum drawdown, XSHQ dropped -38.33% vs QIDX's -14.99%.

Which ETF is better, XSHQ or QIDX?

On 1-year performance, XSHQ leads with 20.29% vs 14.22% for QIDX. On fees, XSHQ is cheaper at 0.29% per year. On volatility, QIDX has been the lower-risk option at 2.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XSHQ or QIDX?

Over the 1-year period, XSHQ has performed better with a 20.29% return vs 14.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XSHQ or QIDX?

XSHQ is cheaper with a 0.29% expense ratio, compared with 0.50% for QIDX.

Which ETF pays a higher dividend yield, XSHQ or QIDX?

XSHQ has the higher dividend yield at 1.18%, compared with 0.86% for QIDX.

What is the main difference between XSHQ and QIDX?

They also come from different issuers: Invesco and Indexperts. Their fees differ too: 0.29% for XSHQ and 0.50% for QIDX.

Which has better risk-adjusted returns?

QIDX currently has the higher Sharpe Ratio (1.20 vs 1.06), 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.