XMHQvsSPMDETF Comparison
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Invesco S&P MidCap Quality ETF (XMHQ) belongs to the US Multi-Factor segment. State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is part of the US Mid Cap segment. XMHQ's top 3 sector exposures are Industrials, Healthcare and Finance. In contrast, SPMD's top sector exposures are Finance, Industrials and Technology. XMHQ is more expensive with a Total Expense Ratio (TER) of 0.31%, versus 0.03% for SPMD. XMHQ is up 11.55% year-to-date (YTD) with +$271M in YTD flows. SPMD performs worse with 11.17% YTD performance, and +$1.59B in YTD flows. Run a side-by-side ETF comparison of XMHQ and SPMD 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 SPMD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XMHQ SPMD | -4.72%-6.95% | +2.38%-3.77% | +11.55%+11.17% | +9.07%+12.76% | +48.78%+48.34% | +60.74%+45.63% |
| Flows | XMHQ SPMD | +$467M+$334M | +$400M+$970M | +$271M+$1.59B | +$248M+$2.19B | +$3.52B+$7.20B | +$4.46B+$9.70B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XMHQ SPMD | +12.06%+12.42% | +14.94%+15.35% | +18.44%+17.86% | +20.56%+19.57% |
| Max drawdown | XMHQ SPMD | -4.94%-7.17% | -8.39%-8.82% | -24.40%-23.98% | -25.16%-23.98% |
| Max drawdown duration | XMHQ SPMD | 31d31d | 102d53d | 415d379d | 597d379d |
Trading data
XMHQ | SPMD | |
Last sale 9/17/2026 at 7:37 PM | $114.96 | $64.40 |
| Previous close 09/16/2026 | $113.99 | $64.00 |
| Consolidated volume 09/16/2026 | ||
| 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 | SPMD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/17/2026 at 7:37 PM
Live
Closed
XMHQ | SPMD | |
|---|---|---|
| Last price | $114.96 | $64.40 |
| 1D performance | +0.85% | +0.63% |
| AuM | $5.88 B | $18.17 B |
| E/R | 0.31% | 0.03% |
Characteristics
XMHQ | SPMD | |
|---|---|---|
| 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 | November 8, 2005 |
| ESG | No | No |
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Exposure
Countries
XMHQ
USA
93.36%
Other
6.64%
SPMD
USA
96.29%
Other
3.71%
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%
SPMD
Finance
23.11%
Industrials
17.06%
Technology
13.59%
Non-Energy Materi.
10.23%
Healthcare
10%
Other
26.01%
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Diversification
XMHQ
Total weight of top 15 holdings out of 15
41.27%
SPMD
Total weight of top 15 holdings out of 15
10.52%
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%
SPMD
Illumina, Inc.
0.87%
Twilio, Inc.
0.84%
TechnipFMC plc
0.80%
Curtiss-Wright Corp.
0.75%
Carpenter Technology Corp.
0.72%
ATI, Inc.
0.72%
nVent Electric Plc
0.70%
Everpure, Inc.
0.68%
Okta, Inc.
0.67%
XPO, Inc.
0.66%
Burlington Stores, Inc.
0.65%
US Foods Holding Corp.
0.62%
United Therapeutics Corp.
0.62%
Tenet Healthcare Corp.
0.62%
Woodward, Inc.
0.60%
Frequently asked questions about XMHQ and SPMD
How have the XMHQ and SPMD ETFs performed in 2026?
As of September 16, 2026, XMHQ is up 11.55% year-to-date (YTD), while SPMD has returned 11.17%. That puts XMHQ better performer ahead so far this year.
Which ETF is attracting more investor money: XMHQ or SPMD?
Year-to-date, the XMHQ ETF saw +$271M in flows, compared to +$1.59B for SPMD.
Which ETF is more volatile: XMHQ or SPMD?
Over the past year, XMHQ had a volatility of 14.94%, while SPMD experienced 15.35%.
Which ETF is bigger: XMHQ or SPMD?
As of September 16, 2026, XMHQ holds $5.88 B in assets under management (AUM), while SPMD manages $18.17 B.
What sectors do the XMHQ and SPMD ETFs invest in?
XMHQ leans toward sectors like Industrials, Healthcare and Finance. Meanwhile, SPMD focuses on Finance, Industrials and Technology.
What are the top holdings of the XMHQ ETF and SPMD ETF?
XMHQ top holdings include TechnipFMC plc, Illumina, Inc. and Medpace Holdings, Inc.. SPMD holds in its top three: Illumina, Inc., Twilio, Inc. and TechnipFMC plc.
Which ETF is more diversified: XMHQ or SPMD?
XMHQ holds 80 securities with 41.27% of its assets in the top 15. SPMD has 400 securities and a top 15 weight of 10.52%.
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