SPMD vs XMHQ: Differences, Returns & Fees
SPMD and XMHQ hold 20% of their weight in the same names, and SPMD returned +13.5% over the year. Net assets on Oct 20, 2026: $18.4bn for State Street SPDR Portfolio S&P 400 Mid Cap ETF and $5.6bn for Invesco S&P MidCap Quality ETF.
SPMD costs 0.22 points a year less; their one-year returns differ by 1.7 points; SPMD is 3.3 times larger.
| SPMD | XMHQ | |
|---|---|---|
| Expense ratio | 0.03% | 0.25% |
| Net assets | $18.4bn | $5.6bn |
| Total return, 1 year | +13.5% | +11.8% |
| What it tracks | S&P MidCap 400 Index | S&P MidCap 400 Quality Index |
| Holdings in common | 20% | |
| Top ten holdings, share of the fund | 7.1% | 30.4% |
| Below its high | 6.8%, high on Aug 14, 2026 | 3.0%, high on Aug 14, 2026 |
Holdings in common uses holdings dated Oct 19, 2026.
SPMD and XMHQ are built for the same job. How do they differ in cost, holdings and results?
- What each follows. SPMD follows S&P MidCap 400 Index and XMHQ follows S&P MidCap 400 Quality Index.
- Holdings in common. 20% of the weight is in the same securities (holdings dated Oct 19, 2026).
- Number of holdings. SPMD holds 401 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.
Take this comparison to a client
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
Not advice. The brief uses the figures on this page, with the data date and a report id. Saved comparisons are listed on your saved page; privacy.
What they hold in common
By the books each fund has filed, SPMD and XMHQ hold 20% of their money in the same securities at the same weight. Holdings dated Oct 19, 2026.
half
20% in common
On the same fields
SPMD and XMHQ on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About SPMD
SPMD tracks an index. Over the year to Oct 20, 2026 it returned +13.5% with distributions reinvested, against +13.4% for its benchmark, the S&P MidCap 400 Index. The prospectus expense ratio is 0.03% 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 401 positions, with the top ten at 7.1%. It sat 6.8% 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, SPMD or XMHQ?
- In the year to Oct 20, 2026, with distributions reinvested, SPMD returned +13.5% and XMHQ +11.8%.
- Which is cheaper, SPMD or XMHQ?
- SPMD is cheaper, by 0.22 percentage points a year. That is about $22 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.
Cite this pageCitation, APA and Markdown
ETFIQ, SPMD against XMHQ, data as of Oct 20, 2026. https://etfiq.com/compare/any/spmd-vs-xmhq
ETFIQ. (Oct 20, 2026). SPMD against XMHQ. Retrieved from https://etfiq.com/compare/any/spmd-vs-xmhq
[SPMD against XMHQ (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/spmd-vs-xmhq)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.