ARKW vs. QMID

Last updated Aug 4, 2026

ARKW (ARK Next Generation Internet ETF) and QMID (WisdomTree U.S. MidCap Quality Growth Fund) are both exchange-traded funds - ARKW is a Mid Cap Growth Equities fund actively managed by ARK, while QMID is a Quality Factor fund tracking the WisdomTree U.S. MidCap Quality Growth Index. ARKW is actively managed, while QMID is passively managed. Over the past year, ARKW returned -4.74% vs 11.77% for QMID. Their 0.65 correlation means they have sometimes moved together and sometimes differently. ARKW charges 0.76%/yr vs 0.38%/yr for QMID.

Performance

ARKW vs. QMID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Next Generation Internet ETF (ARKW) and WisdomTree U.S. MidCap Quality Growth Fund (QMID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARKW achieves a -4.64% return, which is significantly lower than QMID's 6.68% return.

ARKW

• 1D: 2.95%
• 1M: -2.97%
• 6M: 4.60%
• YTD: -4.64%
• 1Y: -4.74%
• 3Y*: 32.39%
• 5Y*: -0.92%
• 10Y*: 21.34%
• ALL TIME*: 19.87%

QMID

• 1D: 1.23%
• 1M: 2.20%
• 6M: 5.40%
• YTD: 6.68%
• 1Y: 11.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.25%

*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)
ARKW ARK Next Generation Internet ETF	$8.17M	$12.26M	$13.73M
QMID WisdomTree U.S. MidCap Quality Growth Fund	$4.36K	$13.04K	$31.17K

ARKW vs. QMID - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ARKW ARK Next Generation Internet ETF	-4.64%	38.93%	54.57%
QMID WisdomTree U.S. MidCap Quality Growth Fund	6.68%	5.02%	9.01%

Correlation

The correlation between ARKW and QMID is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024	0.65

The correlation between ARKW and QMID has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.

ARKW vs. QMID - Sectors Allocation Comparison

Sectors	ARKW	QMID
Technology	49.7%	17.2%
Consumer Cyclical	16.8%	19.3%
Communication Services	15.3%	4.6%
Financial Services	14.7%	13.2%
Industrials	3.5%	19.9%
Basic Materials	-	0.6%
Consumer Defensive	-	4.4%
Energy	-	3.0%
Healthcare	-	17.9%
Real Estate	-	-
Utilities	-	-

Return for Risk

ARKW vs. QMID — Risk / Return Rank

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

ARKW

ARKW Risk / Return Rank: 9
ARKW Sharpe Ratio Rank: 9
ARKW Sortino Ratio Rank: 10
ARKW Omega Ratio Rank: 10
ARKW Calmar Ratio Rank: 10
ARKW Martin Ratio Rank: 9

QMID

QMID Risk / Return Rank: 32
QMID Sharpe Ratio Rank: 31
QMID Sortino Ratio Rank: 32
QMID Omega Ratio Rank: 29
QMID Calmar Ratio Rank: 32
QMID Martin Ratio Rank: 36

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.

ARKW vs. QMID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Next Generation Internet ETF (ARKW) and WisdomTree U.S. MidCap Quality Growth Fund (QMID). 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.

	ARKW	QMID	Difference
Sharpe ratio: Return per unit of total volatility	-0.14	0.79	-0.93
Sortino ratio: Return per unit of downside risk	0.03	1.25	-1.22
Omega ratio: Gain probability vs. loss probability	1.00	1.14	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.13	1.11	-1.24
Martin ratio: Return relative to average drawdown	-0.25	3.75	-4.00

ARKW vs. QMID - Sharpe Ratio Comparison

The current ARKW Sharpe Ratio is -0.14, which is lower than the QMID Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of ARKW and QMID, 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

ARKW vs. QMID - Drawdown Comparison

The maximum ARKW drawdown since its inception was -80.52%, which is greater than QMID's maximum drawdown of -24.42%. Use the drawdown chart below to compare losses from any high point for ARKW and QMID.

Drawdown Indicators

	ARKW	QMID	Difference
Max Drawdown Largest peak-to-trough decline	-80.52%	-24.42%	-56.10%
Max Drawdown (1Y) Largest decline over 1 year	-36.21%	-10.67%	-25.54%
Max Drawdown (3Y) Largest decline over 3 years	-36.21%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-77.36%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-80.52%	—	—
Current Drawdown Current decline from peak	-23.57%	-0.12%	-23.45%
Average Drawdown Average peak-to-trough decline	-23.95%	-5.21%	-18.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.38%	3.14%	+16.24%

Volatility

ARKW vs. QMID - Volatility Comparison

ARK Next Generation Internet ETF (ARKW) has a higher volatility of 9.38% compared to WisdomTree U.S. MidCap Quality Growth Fund (QMID) at 3.94%. This indicates that ARKW's price experiences larger fluctuations and is considered to be riskier than QMID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARKW	QMID	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.38%	3.94%	+5.44%
Volatility (6M) Calculated over the trailing 6-month period	25.80%	10.89%	+14.91%
Volatility (1Y) Calculated over the trailing 1-year period	33.40%	15.08%	+18.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.79%	18.24%	+25.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.84%	18.24%	+19.60%

ARKW vs. QMID - Expense Ratio Comparison

ARKW has a 0.76% expense ratio, which is higher than QMID's 0.38% expense ratio.

Dividends

ARKW vs. QMID - Dividend Comparison

ARKW's dividend yield for the trailing twelve months is around 1.67%, more than QMID's 0.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARKW ARK Next Generation Internet ETF	1.67%	1.59%	0.00%	0.00%	0.00%	0.17%	1.29%	0.00%	13.05%	2.05%	0.00%	2.29%
QMID WisdomTree U.S. MidCap Quality Growth Fund	0.48%	0.51%	1.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARKW and QMID in my portfolio?

ARKW and QMID have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARKW or QMID?

ARKW has higher volatility (9.38%) compared to QMID (3.94%). In terms of maximum drawdown, ARKW dropped -80.52% vs QMID's -24.42%.

Which ETF is better, ARKW or QMID?

On 1-year performance, QMID leads with 11.77% vs -4.74% for ARKW. On fees, QMID is cheaper at 0.38% per year. On volatility, QMID has been the lower-risk option at 3.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARKW or QMID?

Over the 1-year period, QMID has performed better with a 11.77% return vs -4.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARKW or QMID?

QMID is cheaper with a 0.38% expense ratio, compared with 0.76% for ARKW.

Which ETF pays a higher dividend yield, ARKW or QMID?

ARKW has the higher dividend yield at 1.67%, compared with 0.48% for QMID.

What is the main difference between ARKW and QMID?

ARKW is categorized as Mid Cap Growth Equities, while QMID is Quality Factor. They also come from different issuers: ARK and WisdomTree. Their fees differ too: 0.76% for ARKW and 0.38% for QMID.

Which has better risk-adjusted returns?

QMID currently has the higher Sharpe Ratio (0.79 vs -0.14), 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.