XMHQvsMDYETF Comparison
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Invesco S&P MidCap Quality ETF (XMHQ) belongs to the US Multi-Factor segment. State Street SPDR S&P MIDCAP 400 ETF Trust (MDY) is part of the US Mid Cap segment. XMHQ's top 3 sector exposures are Industrials, Healthcare and Finance. In contrast, MDY's top sector exposures are Finance, Industrials and Technology. XMHQ is more expensive with a Total Expense Ratio (TER) of 0.31%, versus 0.23% for MDY. XMHQ is up 12.32% year-to-date (YTD) with -$186M in YTD flows. MDY performs worse with 11.56% YTD performance, and -$656M in YTD flows. Run a side-by-side ETF comparison of XMHQ and MDY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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XMHQ vs MDY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XMHQ MDY | -4.07%-6.37% | +2.93%-3.56% | +12.32%+11.56% | +9.36%+12.80% | +50.35%+47.74% | +61.50%+44.42% |
| Flows | XMHQ MDY | +$10M+$500M | -$61M-$329M | -$186M-$656M | -$201M-$478M | +$3.06B-$823M | +$4.01B-$1.42B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XMHQ MDY | +11.98%+12.01% | +14.93%+15.38% | +18.43%+17.78% | +20.56%+19.71% |
| Max drawdown | XMHQ MDY | -4.86%-6.60% | -8.39%-8.78% | -24.40%-23.91% | -25.16%-23.91% |
| Max drawdown duration | XMHQ MDY | 30d30d | 102d53d | 415d379d | 597d379d |
Trading data
XMHQ | MDY | |
Last sale 9/16/2026 at 7:05 PM | $114.00 | $663.30 |
| Previous close 09/15/2026 | $114.78 | $669.85 |
| Consolidated volume 09/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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XMHQ | MDY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/16/2026 at 7:05 PM
Live
Closed
XMHQ | MDY | |
|---|---|---|
| Last price | $114.00 | $663.30 |
| 1D performance | -0.68% | -0.98% |
| AuM | $5.46 B | $26.16 B |
| E/R | 0.31% | 0.23% |
Characteristics
XMHQ | MDY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | State Street Investment Management |
| Benchmark | S&P MidCap 400 Quality Index | S&P MidCap 400 Index |
| N° of holdings | 80 | 400 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 1, 2006 | May 4, 1995 |
| ESG | No | No |
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Exposure
Countries
XMHQ
USA
93.36%
Other
6.64%
MDY
USA
95.79%
Other
4.21%
Sectors
XMHQ
Industrials
20.86%
Healthcare
17.19%
Finance
16.05%
Technology
13.64%
Non-Energy Materi.
10.1%
Energy
7.23%
Other
14.94%
MDY
Finance
23%
Industrials
16.96%
Technology
13.52%
Non-Energy Materi.
10.18%
Healthcare
9.95%
Other
26.4%
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Diversification
XMHQ
Total weight of top 15 holdings out of 15
41.27%
MDY
Total weight of top 15 holdings out of 15
10.46%
Top 15 holdings
Data as of July 31, 2026
XMHQ
TechnipFMC plc
4.17%
Illumina, Inc.
4.02%
Medpace Holdings, Inc.
3.19%
Curtiss-Wright Corp.
3.03%
Manhattan Associates, Inc.
2.99%
Everpure, Inc.
2.96%
Exelixis, Inc.
2.83%
Carpenter Technology Corp.
2.77%
United Therapeutics Corp.
2.58%
nVent Electric Plc
2.56%
Evercore, Inc.
2.13%
Nextpower, Inc.
2.10%
Carlisle Cos., Inc.
2.05%
Neurocrine Biosciences, Inc.
2.00%
Mueller Industries, Inc.
1.87%
MDY
Illumina, Inc.
0.87%
Twilio, Inc.
0.84%
TechnipFMC plc
0.80%
Curtiss-Wright Corp.
0.75%
Carpenter Technology Corp.
0.72%
ATI, Inc.
0.71%
nVent Electric Plc
0.69%
Everpure, Inc.
0.68%
Okta, Inc.
0.66%
XPO, Inc.
0.66%
Burlington Stores, Inc.
0.65%
US Foods Holding Corp.
0.62%
United Therapeutics Corp.
0.61%
Tenet Healthcare Corp.
0.61%
Woodward, Inc.
0.60%
Frequently asked questions about XMHQ and MDY
How have the XMHQ and MDY ETFs performed in 2026?
As of September 15, 2026, XMHQ is up 12.32% year-to-date (YTD), while MDY has returned 11.56%. That puts XMHQ better performer ahead so far this year.
Which ETF is attracting more investor money: XMHQ or MDY?
Year-to-date, the XMHQ ETF saw -$186M in flows, compared to -$656M for MDY.
Which ETF is more volatile: XMHQ or MDY?
Over the past year, XMHQ had a volatility of 14.93%, while MDY experienced 15.38%.
Which ETF is bigger: XMHQ or MDY?
As of September 15, 2026, XMHQ holds $5.46 B in assets under management (AUM), while MDY manages $26.16 B.
What sectors do the XMHQ and MDY ETFs invest in?
XMHQ leans toward sectors like Industrials, Healthcare and Finance. Meanwhile, MDY focuses on Finance, Industrials and Technology.
What are the top holdings of the XMHQ ETF and MDY ETF?
XMHQ top holdings include TechnipFMC plc, Illumina, Inc. and Medpace Holdings, Inc.. MDY holds in its top three: Illumina, Inc., Twilio, Inc. and TechnipFMC plc.
Which ETF is more diversified: XMHQ or MDY?
XMHQ holds 80 securities with 41.27% of its assets in the top 15. MDY has 400 securities and a top 15 weight of 10.46%.
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