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ETFs

Invesco S&P MidCap Quality ETF

XMHQ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 1, 2006
Expense Ratio
0.25%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$12,200,981
AUM
$1,287,210,217
Associated Index
S&P MidCap 400 Quality Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MANH
Manhattan Associates, Inc.
4.05%
BLDR
Builders Firstsource Inc
3.96%
RS
Reliance Steel & Aluminum Co.
2.78%
HUBB
Hubbell Inc.
2.73%
LSCC
Lattice Semiconductor Corp.
2.56%
JBL
Jabil Inc
2.52%
CSL
Carlisle Companies Inc.
2.25%
DECK
Deckers Outdoor Corp.
2.14%
OC
Owens Corning
2.09%
WSO
Watsco Inc. - Ordinary Shares - Class A
2.08%
Invest with XMHQ

What is XMHQ?

The Invesco S&P MidCap Quality ETF (Fund) is based on the S&P MidCap 400 Quality Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is a modified market capitalization weighted index that holds approximately 80 securities in the S&P Midcap 400 Index that have the highest quality scores, which are computed based on a composite of three proprietary factors.

ETFs related toXMHQ

ETFs correlated to XMHQ include IVOO, IJH, MIDU

XMHQ
Invesco Capital Management LLC - Invesco S&P MidCap Quality ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
MDY
State Street Global Advisors - S&P MidCap 400 ETF
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF
MDYG
SPDR Series Trust - SPDR S&P 400 Mid Cap Growth ETF
IJK
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Growth ETF
IVOG
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 Growth ETF
GRPM
Invesco Capital Management LLC - Invesco S&P MidCap 400 GARP ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toXMHQ

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with XMHQ using Composer

FAQ

XMHQ is a US Equities ETF. The Invesco S&P MidCap Quality ETF (Fund) is based on the S&P MidCap 400 Quality Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is a modified market capitalization weighted index that holds approximately 80 securities in the S&P Midcap 400 Index that have the highest quality scores, which are computed based on a composite of three proprietary factors.

XMHQ tracks the S&P MidCap 400 Quality Index.

No, XMHQ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, XMHQ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on XMHQ is -0.0125%. This is the percent change in the value of XMHQ over the most recent 1-month period. The 3-month return on XMHQ is 0.0319%. This is the percent change in the value of XMHQ over the most recent 3-month period.

The standard deviation of XMHQ for the past year is 0.206%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to XMHQ include IVV, VTI, and IJR.

ETFs correlated to XMHQ include IVOO, IJH, and MIDU.

ETFs that are inversely correlated to XMHQ include TZA, TWM, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.