XSHQ vs. XMHQ
Compare and contrast key facts about Invesco S&P SmallCap Quality ETF (XSHQ) and Invesco S&P MidCap Quality ETF (XMHQ).
XSHQ and XMHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSHQ is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Quality Index. It was launched on Apr 6, 2017. 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. Both XSHQ and XMHQ 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: XSHQ or XMHQ.
Key characteristics
| XSHQ | XMHQ | |
|---|---|---|
| YTD Return | 18.35% | 24.82% |
| 1Y Return | 36.36% | 39.14% |
| 3Y Return (Ann) | 6.46% | 11.01% |
| 5Y Return (Ann) | 12.31% | 17.65% |
| Sharpe Ratio | 1.75 | 2.15 |
| Sortino Ratio | 2.62 | 3.04 |
| Omega Ratio | 1.31 | 1.36 |
| Calmar Ratio | 3.03 | 3.78 |
| Martin Ratio | 10.11 | 9.28 |
| Ulcer Index | 3.60% | 4.20% |
| Daily Std Dev | 20.72% | 18.13% |
| Max Drawdown | -38.33% | -58.19% |
| Current Drawdown | -1.14% | -0.93% |
Correlation
The correlation between XSHQ and XMHQ is 0.82, 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.
Performance
XSHQ vs. XMHQ - Performance Comparison
In the year-to-date period, XSHQ achieves a 18.35% return, which is significantly lower than XMHQ's 24.82% 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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XSHQ vs. XMHQ - Expense Ratio Comparison
XSHQ has a 0.29% expense ratio, which is higher than XMHQ's 0.25% expense ratio.
Risk-Adjusted Performance
XSHQ vs. XMHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Quality ETF (XSHQ) and Invesco S&P MidCap Quality ETF (XMHQ). 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
XSHQ vs. XMHQ - Dividend Comparison
XSHQ's dividend yield for the trailing twelve months is around 1.03%, less than XMHQ's 4.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSHQ Invesco S&P SmallCap Quality ETF | 1.03% | 1.15% | 2.02% | 1.25% | 1.24% | 1.11% | 1.16% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% |
XMHQ Invesco S&P MidCap Quality ETF | 4.83% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.64% | 1.34% | 1.25% | 1.11% |
Drawdowns
XSHQ vs. XMHQ - Drawdown Comparison
The maximum XSHQ drawdown since its inception was -38.33%, smaller than the maximum XMHQ drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for XSHQ and XMHQ. For additional features, visit the drawdowns tool.
Volatility
XSHQ vs. XMHQ - Volatility Comparison
Invesco S&P SmallCap Quality ETF (XSHQ) has a higher volatility of 8.02% compared to Invesco S&P MidCap Quality ETF (XMHQ) at 5.55%. This indicates that XSHQ's price experiences larger fluctuations and is considered to be riskier than XMHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.