XMHQ: INVESCO S&P MIDCAP QUALITY ETF
Understanding the Invesco S&P Midcap Quality ETF (XMHQ)
The Invesco S&P Midcap Quality ETF (ticker: XMHQ) is an exchange-traded fund designed to invest in midcap companies that meet certain quality standards. As of October 9, 2026, the current price of XMHQ is $114.23.
What this ETF is trying to do
XMHQ focuses on midcap stocks—companies that are generally larger than small startups but smaller than massive corporations. The fund aims to select companies within this group that show specific "quality" characteristics.
What the numbers show
When looking at how this ETF has performed, it is important to distinguish between price return (the change in the share price) and total return (which includes both the share price change and any distributions paid out).
• Year-to-Date (YTD): The price return is approximately 11.53%, while the total return is approximately 12.01%.
• One-Year: The price return was approximately 9.50%, and the total return was approximately 10.17%.
• Three-Year: The price return was approximately 41.64%, while the total return was approximately 50.91%.
• Five-Year: The five-year total return is approximately 61.41%.
An estimated price from roughly one year ago was $104.32.
Income and distribution explanation
XMHQ provides cash distributions to investors. The distribution yield is approximately 0.57%. This yield represents the cash paid out relative to the current ETF price. The fund usually pays distributions on a quarterly basis, having made 4 payments over the last 12 months.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). While a falling share price can sometimes be a sign of erosion, they are not the same thing.
The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion. However, the fund's erosion-risk score is 100, which is labeled as "No price erosion detected," and the erosion severity is rated as "good." There is no severe erosion-risk flag for this ETF.
Top Holdings
The following are the top holdings in the portfolio (note that this list is partial):
• TECHNIPFMC PLC (4.44%)
• MEDPACE HOLDINGS INC (3.64%)
• NVT (3.61%)
• MANHATTAN ASSOCIATES INC (3.33%)
• EXELIXIS INC (3.32%)
• UNITED THERAPEUTICS CORP (2.96%)
• CURTISS-WRIGHT CORP (2.71%)
• CARPENTER TECHNOLOGY CORP (2.25%)
• CARLISLE COMPANIES INC (2.24%)
• LINCOLN ELECTRIC HOLDINGS INC (2.15%)
Holdings can change over time.
Pros
• The fund has shown positive price returns across one, three, and five-year periods.
• The total return is higher than the price return, meaning distributions have added value to the overall performance.
• The erosion-risk score indicates no detected price erosion.
Cons
• The distribution yield (0.57%) is relatively low compared to funds specifically designed for high income.
Beginner takeaway
XMHQ tracks midcap quality companies. For investors, the main takeaway is that the fund's total return has historically outpaced its share-price-only return, meaning the distributions have contributed to growth. While it provides some income, its primary performance has been driven by share-price increases.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | TECHNIPFMC PLC | n/a | 4.44% |
| 2 | MEDPACE HOLDINGS INC | MEDP | 3.64% |
| 3 | NVENT ELECTRIC PLC | NVT | 3.61% |
| 4 | MANHATTAN ASSOCIATES INC | MANH | 3.33% |
| 5 | EXELIXIS INC | EXEL | 3.32% |
| 6 | UNITED THERAPEUTICS CORP | UTHR | 2.96% |
| 7 | CURTISS-WRIGHT CORP | CW | 2.71% |
| 8 | CARPENTER TECHNOLOGY CORP | CRS | 2.25% |
| 9 | CARLISLE COMPANIES INC | CSL | 2.24% |
| 10 | LINCOLN ELECTRIC HOLDINGS INC | LECO | 2.15% |