VO vs XMHQ: Differences, Returns & Fees
VO and XMHQ hold 0% of their weight in the same names, and VO returned +12.4% over the year. Net assets: $103.4bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap ETF, and $5.6bn on Oct 20, 2026 for Invesco S&P MidCap Quality ETF.
VO costs 0.22 points a year less; their one-year returns differ by 0.6 points.
| VO | XMHQ | |
|---|---|---|
| Expense ratio | 0.03% | 0.25% |
| Net assets, VO as of Sep 30, 2026 and XMHQ as of Oct 20, 2026 | $103.4bn | $5.6bn |
| Total return, 1 year | +12.4% | +11.8% |
| What it tracks | Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index) | S&P MidCap 400 Quality Index |
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 9.7% | 30.4% |
| Below its high | 3.8%, 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.
VO and XMHQ are built for the same job. How do they differ in cost, holdings and results?
- What each follows. VO follows Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index) and XMHQ follows S&P MidCap 400 Quality Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Sep 30, 2026 and Oct 19, 2026).
- Number of holdings. VO holds 273 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, VO and XMHQ hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 19, 2026.
half
0% in common
On the same fields
VO and XMHQ on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About VO
VO tracks an index of Mid-Cap. Over the year to Oct 20, 2026 it returned +12.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 273 positions, with the top ten at 9.7%. It sat 3.8% 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, VO or XMHQ?
- In the year to Oct 20, 2026, with distributions reinvested, VO returned +12.4% and XMHQ +11.8%.
- Which is cheaper, VO or XMHQ?
- VO 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, VO against XMHQ, data as of Oct 20, 2026. https://etfiq.com/compare/any/vo-vs-xmhq
ETFIQ. (Oct 20, 2026). VO against XMHQ. Retrieved from https://etfiq.com/compare/any/vo-vs-xmhq
[VO against XMHQ (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/vo-vs-xmhq)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.