IVOO vs XMHQ: Differences, Returns & Fees
IVOO and XMHQ hold 19% of their weight in the same names, and IVOO returned +13.6% over the year. Net assets: $3.7bn on Sep 30, 2026 for Vanguard S&P Mid-Cap 400 ETF, and $5.6bn on Oct 20, 2026 for Invesco S&P MidCap Quality ETF.
IVOO costs 0.18 points a year less; their one-year returns differ by 1.8 points.
| IVOO | XMHQ | |
|---|---|---|
| Expense ratio | 0.07% | 0.25% |
| Net assets, IVOO as of Sep 30, 2026 and XMHQ as of Oct 20, 2026 | $3.7bn | $5.6bn |
| Total return, 1 year | +13.6% | +11.8% |
| What it tracks | S&P MidCap 400 Index | S&P MidCap 400 Quality Index |
| Holdings in common | 19% | |
| Top ten holdings, share of the fund | 7.8% | 30.4% |
| Below its high | 6.7%, high on Aug 14, 2026 | 3.0%, high on Aug 14, 2026 |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 19, 2026.
IVOO and XMHQ are built for the same job. How do they differ in cost, holdings and results?
- What each follows. IVOO follows S&P MidCap 400 Index and XMHQ follows S&P MidCap 400 Quality Index.
- Holdings in common. 19% of the weight is in the same securities (holdings dated Sep 30, 2026 and Oct 19, 2026).
- Number of holdings. IVOO holds 402 positions and XMHQ holds 82.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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What they hold in common
By the books each fund has filed, IVOO and XMHQ hold 19% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 19, 2026.
half
19% in common
On the same fields
IVOO and XMHQ on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About IVOO
IVOO tracks an index. Over the year to Oct 20, 2026 it returned +13.6% with distributions reinvested, against +13.4% for its benchmark, the S&P MidCap 400 Index. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer as of Sep 30, 2026, 2% of the fund by weight is stocks the S&P 500 also holds, across 402 positions, with the top ten at 7.8%. It sat 6.7% below its high of Aug 14, 2026 on Oct 20, 2026.
About XMHQ
XMHQ tracks an index. Over the year to Oct 20, 2026 it returned +11.8% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 19, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 82 positions, with the top ten at 30.4%. It sat 3.0% below its high of Aug 14, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, IVOO or XMHQ?
- In the year to Oct 20, 2026, with distributions reinvested, IVOO returned +13.6% and XMHQ +11.8%.
- Which is cheaper, IVOO or XMHQ?
- IVOO is cheaper, by 0.18 percentage points a year. That is about $18 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, IVOO against XMHQ, data as of Oct 20, 2026. https://etfiq.com/compare/any/ivoo-vs-xmhq
ETFIQ. (Oct 20, 2026). IVOO against XMHQ. Retrieved from https://etfiq.com/compare/any/ivoo-vs-xmhq
[IVOO against XMHQ (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/ivoo-vs-xmhq)
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