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Invesco S&P MidCap Quality (XMHQ) Overvalued or undervalued?
Look-through valuation · Style & factor · Expense ratio 0.26 % · ISIN US46137V4721
Price history (since 2006)
Monthly close since 2006. Price shows performance, the valuation verdict is in the look-through above.
XMHQ holdings and fair value
Show all 79 holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Tetra Tech Inc TTEK | 1.3 % | −28.7 % | 64 |
| Maplebear Inc. CART | 1.3 % | +17.5 % | 79 |
| Cognex Corporation CGNX | 1.3 % | −32.1 % | 76 |
| American Financial Group, Inc. AFG | 1.3 % | −34.3 % | 56 |
| Primerica Inc PRI | 1.3 % | −38.7 % | 66 |
| InterDigital Inc IDCC | 1.2 % | +34.8 % | 73 |
| Kinsale Capital Group Inc KNSL | 1.2 % | −44.6 % | 72 |
| Chemed Corp CHE | 1.2 % | −20.4 % | 75 |
| Donaldson Company Inc DCI | 1.1 % | −17.2 % | 67 |
| Qualys Inc QLYS | 1.1 % | +10.0 % | 82 |
| Murphy USA Inc MUSA | 1.1 % | −34.3 % | 58 |
| The Hanover Insurance Group Inc THG | 1.1 % | −37.0 % | 65 |
| Valmont Industries Inc VMI | 1.0 % | −36.1 % | 70 |
| Old Republic International Corp ORI | 1.0 % | +3.8 % | 55 |
| Houlihan Lokey Inc HLI | 1.0 % | +14.2 % | 76 |
| Autoliv Inc ALV | 1.0 % | +6.3 % | 69 |
| Chewy Inc CHWY | 0.9 % | −38.7 % | 63 |
| Appfolio Inc APPF | 0.9 % | +10.0 % | 76 |
| ExlService Holdings Inc EXLS | 0.9 % | +10.0 % | 80 |
| Boyd Gaming Corporation BYD | 0.9 % | +77.8 % | 62 |
| Aecom Technology Corporation ACM | 0.9 % | +40.8 % | 62 |
| Cirrus Logic Inc CRUS | 0.9 % | +7.8 % | 85 |
| Weatherford International PLC WFRD_OLD | 0.8 % | n/a | n/a |
| Abercrombie & Fitch Company ANF | 0.8 % | +25.2 % | 66 |
| Bentley Systems Inc BSY | 0.8 % | +10.0 % | 74 |
| Antero Midstream Partners LP AM | 0.8 % | −46.6 % | 67 |
| Fluor Corporation FLR | 0.8 % | −76.9 % | 53 |
| Pegasystems Inc PEGA | 0.8 % | +37.1 % | 82 |
| UL Solutions Inc. ULS | 0.8 % | −55.2 % | 72 |
| Doximity Inc DOCS | 0.8 % | +10.0 % | 89 |
| RLI Corp RLI | 0.8 % | −38.0 % | 70 |
| Middleby Corp MIDD | 0.8 % | +31.5 % | 61 |
| Vicor Corporation VICR | 0.7 % | −83.9 % | 69 |
| Genpact Limited G | 0.7 % | +54.0 % | 70 |
| Morningstar Inc MORN | 0.7 % | −24.2 % | 76 |
| Federated Investors Inc B FHI | 0.7 % | +6.2 % | 88 |
| MSC Industrial Direct Company Inc MSM | 0.7 % | −13.8 % | 71 |
| Vontier Corp VNT | 0.7 % | +45.3 % | 65 |
| MGIC Investment Corp MTG | 0.7 % | +4.7 % | 73 |
| Sonoco Products Company SON | 0.6 % | +24.1 % | 54 |
| CNX Resources Corp CNX | 0.6 % | +48.7 % | 69 |
| Exponent Inc EXPO | 0.6 % | −52.1 % | 81 |
| Landstar System Inc LSTR | 0.6 % | −33.6 % | 73 |
| Hamilton Lane Inc HLNE | 0.6 % | −14.0 % | 63 |
| LivaNova PLC LIVN | 0.6 % | −8.2 % | 52 |
| KBR Inc KBR | 0.6 % | +32.3 % | 64 |
| Sprouts Farmers Market LLC SFM | 0.5 % | +120.1 % | 71 |
| Harley-Davidson Inc HOG | 0.5 % | +108.3 % | 62 |
| Dolby Laboratories DLB | 0.5 % | +21.9 % | 77 |
| First Financial Bankshares Inc FFIN | 0.4 % | −49.8 % | 59 |
| Maximus Inc MMS | 0.4 % | +100.8 % | 70 |
| Greif Inc GEF | 0.3 % | −14.8 % | 45 |
| Lancaster Colony Corporation LANC | 0.3 % | n/a | n/a |
| Invesco Short-Term Investments Trust Government & Agency Portfolio Institutional AGPXX | 0.1 % | n/a | n/a |
Fair value and quality per position come from the same valuation as our stock pages. Listing all 79 disclosed positions. "n/a" means we show no value for this position and it does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 KWEB KraneShares CSI China Internet ETF 49.2 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF 49.0 % below FV
- 3 CHIU Global X MSCI China Utilities ETF 43.9 % below FV
- 4 MCHI iShares MSCI China ETF 35.7 % below FV
- 5 FLCH Franklin FTSE China ETF 34.8 % below FV
- 6 FDNI First Trust Dow Jones International Internet ETF 27.3 % below FV
- 7 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 25.9 % below FV
- 8 ITB iShares U.S. Home Construction ETF 21.3 % below FV
- 9 TAN Invesco Solar ETF 17.3 % below FV
- 10 XLC Communication Services Select Sector SPDR® Fund 16.2 % below FV
Frequently asked about XMHQ
Is XMHQ overvalued?
What is the fair value of XMHQ?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of XMHQ?
Where can I see XMHQ holdings with their fair value?
What is the expense ratio of XMHQ?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Invesco S&P MidCap Quality ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Nov 2, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.