AFMC vs. QIDX

Last updated Aug 2, 2026

AFMC (First Trust Active Factor Mid Cap ETF) and QIDX (Indexperts Quality Earnings Focused ETF) are both exchange-traded funds - AFMC is a Mid Cap Blend Equities fund actively managed by First Trust, while QIDX is a Quality Factor fund actively managed by Indexperts. Both are actively managed. Over the past year, AFMC returned 28.37% vs 14.22% for QIDX. Their correlation of 0.88 means they have usually moved in the same direction. AFMC charges 0.65%/yr vs 0.50%/yr for QIDX.

Performance

AFMC vs. QIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Active Factor Mid Cap ETF (AFMC) and Indexperts Quality Earnings Focused ETF (QIDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFMC achieves a 18.05% return, which is significantly higher than QIDX's 10.40% return.

AFMC

• 1D: -0.05%
• 1M: 0.74%
• 6M: 13.07%
• YTD: 18.05%
• 1Y: 28.37%
• 3Y*: 17.45%
• 5Y*: 10.83%
• 10Y*: —
• ALL TIME*: 12.25%

QIDX

• 1D: 0.55%
• 1M: 0.29%
• 6M: 6.42%
• YTD: 10.40%
• 1Y: 14.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AFMC First Trust Active Factor Mid Cap ETF	$1.44M	$1.57M	$1.21M
QIDX Indexperts Quality Earnings Focused ETF	$53.70K	$62.72K	$42.16K

AFMC vs. QIDX - Yearly Performance Comparison

	2026 (YTD)	2025
AFMC First Trust Active Factor Mid Cap ETF	18.05%	10.23%
QIDX Indexperts Quality Earnings Focused ETF	10.40%	6.60%

Correlation

The correlation between AFMC and QIDX is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (All Time) Calculated using the full available price history since Jan 2, 2025	0.88

The correlation between AFMC and QIDX has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

Return for Risk

AFMC vs. QIDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AFMC

AFMC Risk / Return Rank: 82
AFMC Sharpe Ratio Rank: 80
AFMC Sortino Ratio Rank: 82
AFMC Omega Ratio Rank: 78
AFMC Calmar Ratio Rank: 86
AFMC Martin Ratio Rank: 86

QIDX

QIDX Risk / Return Rank: 49
QIDX Sharpe Ratio Rank: 48
QIDX Sortino Ratio Rank: 49
QIDX Omega Ratio Rank: 45
QIDX Calmar Ratio Rank: 53
QIDX Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AFMC vs. QIDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Mid Cap ETF (AFMC) and Indexperts Quality Earnings Focused ETF (QIDX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AFMC	QIDX	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.20	+0.64
Sortino ratio: Return per unit of downside risk	2.68	1.78	+0.90
Omega ratio: Gain probability vs. loss probability	1.32	1.21	+0.11
Calmar ratio: Return relative to maximum drawdown	3.35	1.90	+1.45
Martin ratio: Return relative to average drawdown	12.18	6.38	+5.80

AFMC vs. QIDX - Sharpe Ratio Comparison

The current AFMC Sharpe Ratio is 1.84, which is higher than the QIDX Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of AFMC and QIDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AFMC vs. QIDX - Drawdown Comparison

The maximum AFMC drawdown since its inception was -42.14%, which is greater than QIDX's maximum drawdown of -14.99%. Use the drawdown chart below to compare losses from any high point for AFMC and QIDX.

Drawdown Indicators

	AFMC	QIDX	Difference
Max Drawdown Largest peak-to-trough decline	-42.14%	-14.99%	-27.15%
Max Drawdown (1Y) Largest decline over 1 year	-8.20%	-6.92%	-1.28%
Max Drawdown (3Y) Largest decline over 3 years	-21.99%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.40%	—	—
Current Drawdown Current decline from peak	-0.98%	-0.44%	-0.54%
Average Drawdown Average peak-to-trough decline	-7.45%	-2.13%	-5.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	2.06%	+0.19%

Volatility

AFMC vs. QIDX - Volatility Comparison

First Trust Active Factor Mid Cap ETF (AFMC) has a higher volatility of 2.96% compared to Indexperts Quality Earnings Focused ETF (QIDX) at 2.55%. This indicates that AFMC's price experiences larger fluctuations and is considered to be riskier than QIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFMC	QIDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	2.55%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	11.01%	8.24%	+2.77%
Volatility (1Y) Calculated over the trailing 1-year period	15.00%	11.02%	+3.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.84%	14.20%	+4.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.74%	14.20%	+8.54%

AFMC vs. QIDX - Expense Ratio Comparison

AFMC has a 0.65% expense ratio, which is higher than QIDX's 0.50% expense ratio.

Dividends

AFMC vs. QIDX - Dividend Comparison

AFMC's dividend yield for the trailing twelve months is around 0.69%, less than QIDX's 0.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AFMC First Trust Active Factor Mid Cap ETF	0.69%	0.96%	0.64%	0.87%	1.42%	0.84%	1.05%	0.29%
QIDX Indexperts Quality Earnings Focused ETF	0.86%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AFMC and QIDX in my portfolio?

AFMC and QIDX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AFMC or QIDX?

AFMC has higher volatility (2.96%) compared to QIDX (2.55%). In terms of maximum drawdown, AFMC dropped -42.14% vs QIDX's -14.99%.

Which ETF is better, AFMC or QIDX?

On 1-year performance, AFMC leads with 28.37% vs 14.22% for QIDX. On fees, QIDX is cheaper at 0.50% per year. On volatility, QIDX has been the lower-risk option at 2.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AFMC or QIDX?

Over the 1-year period, AFMC has performed better with a 28.37% return vs 14.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AFMC or QIDX?

QIDX is cheaper with a 0.50% expense ratio, compared with 0.65% for AFMC.

Which ETF pays a higher dividend yield, AFMC or QIDX?

QIDX has the higher dividend yield at 0.86%, compared with 0.69% for AFMC.

What is the main difference between AFMC and QIDX?

AFMC is categorized as Mid Cap Blend Equities, while QIDX is Quality Factor. They also come from different issuers: First Trust and Indexperts. Their fees differ too: 0.65% for AFMC and 0.50% for QIDX.

Which has better risk-adjusted returns?

AFMC currently has the higher Sharpe Ratio (1.84 vs 1.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.