XMHQ vs XMMO: Differences, Returns & Fees
XMHQ and XMMO hold 20% of their weight in the same names, and XMHQ returned +11.8% over the year. Net assets on Oct 20, 2026: $5.6bn for Invesco S&P MidCap Quality ETF and $6.8bn for Invesco S&P MidCap Momentum ETF.
XMHQ costs 0.09 points a year less; their one-year returns differ by 7.2 points; XMMO is 1.2 times larger.
| XMHQ | XMMO | |
|---|---|---|
| Expense ratio | 0.25% | 0.34% |
| Net assets | $5.6bn | $6.8bn |
| Total return, 1 year | +11.8% | +4.6% |
| What it tracks | S&P MidCap 400 Quality Index | S&P MidCap 400 Momentum Index |
| Holdings in common | 20% | |
| Top ten holdings, share of the fund | 30.4% | 29.4% |
| Below its high | 3.0%, high on Aug 14, 2026 | 19.0%, high on Jun 22, 2026 |
Holdings in common uses holdings dated Oct 19, 2026.
XMHQ and XMMO are built for the same job. How do they differ in cost, holdings and results?
- What each follows. XMHQ follows S&P MidCap 400 Quality Index and XMMO follows S&P MidCap 400 Momentum Index.
- Holdings in common. 20% of the weight is in the same securities (holdings dated Oct 19, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 XMHQ returned +11.8% and XMMO +4.6% with distributions reinvested, a gap of 7.2 points.
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, XMHQ and XMMO 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
XMHQ and XMMO on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
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.
About XMMO
XMMO tracks an index. Over the year to Oct 20, 2026 it returned +4.6% with distributions reinvested. The prospectus expense ratio is 0.34% 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 79 positions, with the top ten at 29.4%. It sat 19.0% below its high of Jun 22, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, XMHQ or XMMO?
- In the year to Oct 20, 2026, with distributions reinvested, XMHQ returned +11.8% and XMMO +4.6%.
- Which is cheaper, XMHQ or XMMO?
- XMHQ is cheaper, by 0.09 percentage points a year. That is about $9 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, XMHQ against XMMO, data as of Oct 20, 2026. https://etfiq.com/compare/any/xmhq-vs-xmmo
ETFIQ. (Oct 20, 2026). XMHQ against XMMO. Retrieved from https://etfiq.com/compare/any/xmhq-vs-xmmo
[XMHQ against XMMO (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/xmhq-vs-xmmo)
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