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EZM vs. IMCB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EZM vs. IMCB

Last updated Jun 26, 2026

EZM (WisdomTree U.S. MidCap Earnings Fund) and IMCB (iShares Morningstar Mid-Cap ETF) are both Mid Cap Blend Equities funds - EZM tracks the WisdomTree U.S. MidCap Index while IMCB tracks the IMCB-US - Morningstar U.S. Mid Cap Index. Both are passively managed. Over the past 10 years, EZM returned 11.70%/yr vs 12.15%/yr for IMCB. Their correlation of 0.90 suggests significant overlap in exposure. EZM charges 0.38%/yr vs 0.04%/yr for IMCB.

Performance

EZM vs. IMCB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. MidCap Earnings Fund (EZM) and iShares Morningstar Mid-Cap ETF (IMCB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EZM achieves a 13.31% return, which is significantly lower than IMCB's 16.74% return. Both investments have delivered pretty close results over the past 10 years, with EZM having a 11.70% annualized return and IMCB not far ahead at 12.15%.

EZM

1D
0.57%
1M
2.69%
YTD
13.31%
6M
11.26%
1Y
25.36%
3Y*
15.45%
5Y*
8.77%
10Y*
11.70%

IMCB

1D
0.51%
1M
3.67%
YTD
16.74%
6M
15.03%
1Y
24.59%
3Y*
17.85%
5Y*
9.00%
10Y*
12.15%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EZM vs. IMCB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EZM
WisdomTree U.S. MidCap Earnings Fund		13.31%8.42%10.29%19.69%-12.22%31.00%5.57%24.48%-12.36%17.37%
IMCB
iShares Morningstar Mid-Cap ETF		16.74%10.25%15.10%16.37%-16.09%22.81%13.35%31.49%-11.53%19.70%

Correlation

The correlation between EZM and IMCB is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.91

Correlation (3Y)
Calculated over the trailing 3-year period

0.93

Correlation (5Y)
Calculated over the trailing 5-year period

0.94

Correlation (10Y)
Calculated over the trailing 10-year period

0.93

Correlation (All Time)
Calculated using the full available price history since Feb 23, 2007

0.90

The correlation between EZM and IMCB has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

EZM vs. IMCB - Sectors Allocation Comparison

Sectors
EZM
IMCB

Financial Services

19.0%
11.9%

Industrials

16.4%
18.5%

Consumer Cyclical

15.2%
9.1%

Technology

13.6%
22.6%

Healthcare

9.9%
7.9%

Energy

6.4%
6.7%

Consumer Defensive

5.1%
5.1%

Real Estate

5.0%
4.3%

Basic Materials

4.4%
5.3%

Utilities

3.2%
6.0%

Communication Services

1.9%
2.5%

Financial Services

EZM
19.0%
IMCB
11.9%

Industrials

EZM
16.4%
IMCB
18.5%

Consumer Cyclical

EZM
15.2%
IMCB
9.1%

Technology

EZM
13.6%
IMCB
22.6%

Healthcare

EZM
9.9%
IMCB
7.9%

Energy

EZM
6.4%
IMCB
6.7%

Consumer Defensive

EZM
5.1%
IMCB
5.1%

Real Estate

EZM
5.0%
IMCB
4.3%

Basic Materials

EZM
4.4%
IMCB
5.3%

Utilities

EZM
3.2%
IMCB
6.0%

Communication Services

EZM
1.9%
IMCB
2.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree U.S. MidCap Earnings Fund

iShares Morningstar Mid-Cap ETF

Often compared with EZM:
EZM vs. JHQAXEZM vs. IQDGEZM vs. REGLEZM vs. SPMDEZM vs. RFVEZM vs. IMCGEZM vs. FLQM
Often compared with IMCB:
IMCB vs. IMCGIMCB vs. FSMDXIMCB vs. BKMCIMCB vs. SPMDIMCB vs. ISCBIMCB vs. IJHIMCB vs. VO

Return for Risk

EZM vs. IMCB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EZM
EZM Risk / Return Rank: 6161
Overall Rank
EZM Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
EZM Sortino Ratio Rank: 6363
Sortino Ratio Rank
EZM Omega Ratio Rank: 5454
Omega Ratio Rank
EZM Calmar Ratio Rank: 6767
Calmar Ratio Rank
EZM Martin Ratio Rank: 6363
Martin Ratio Rank
IMCB
IMCB Risk / Return Rank: 6767
Overall Rank
IMCB Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IMCB Sortino Ratio Rank: 6565
Sortino Ratio Rank
IMCB Omega Ratio Rank: 6262
Omega Ratio Rank
IMCB Calmar Ratio Rank: 7171
Calmar Ratio Rank
IMCB Martin Ratio Rank: 7474
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EZM vs. IMCB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. MidCap Earnings Fund (EZM) and iShares Morningstar Mid-Cap ETF (IMCB). 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.

EZMIMCBDifference
Sharpe ratioReturn per unit of total volatility
1.70
1.87

-0.17

Sortino ratioReturn per unit of downside risk
2.57
2.62

-0.05

Omega ratioGain probability vs. loss probability

1.30

1.33

-0.03

Calmar ratioReturn relative to maximum drawdown

2.93

3.07

-0.14

Martin ratioReturn relative to average drawdown

9.93

12.02

-2.09

EZM vs. IMCB - Sharpe Ratio Comparison

The current EZM Sharpe Ratio is 1.70, which is comparable to the IMCB Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of EZM and IMCB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EZM vs. IMCB - Drawdown Comparison

The maximum EZM drawdown since its inception was -59.58%, roughly equal to the maximum IMCB drawdown of -58.80%. Use the drawdown chart below to compare losses from any high point for EZM and IMCB.

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Drawdown Indicators

EZMIMCBDifference

Max Drawdown

Largest peak-to-trough decline

-59.58%

-58.80%

-0.78%

Max Drawdown (1Y)

Largest decline over 1 year

-8.70%

-8.05%

-0.65%

Max Drawdown (3Y)

Largest decline over 3 years

-23.53%

-19.80%

-3.73%

Max Drawdown (5Y)

Largest decline over 5 years

-23.53%

-25.15%

+1.62%

Max Drawdown (10Y)

Largest decline over 10 years

-47.26%

-40.99%

-6.27%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-8.25%

-7.71%

-0.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.56%

2.05%

+0.51%

Volatility

EZM vs. IMCB - Volatility Comparison

The current volatility for WisdomTree U.S. MidCap Earnings Fund (EZM) is 3.89%, while iShares Morningstar Mid-Cap ETF (IMCB) has a volatility of 4.67%. This indicates that EZM experiences smaller price fluctuations and is considered to be less risky than IMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EZMIMCBDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.89%

4.67%

-0.78%

Volatility (6M)

Calculated over the trailing 6-month period

10.54%

10.25%

+0.29%

Volatility (1Y)

Calculated over the trailing 1-year period

15.04%

13.27%

+1.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.40%

17.64%

+2.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.32%

19.65%

+2.67%

EZM vs. IMCB - Expense Ratio Comparison

EZM has a 0.38% expense ratio, which is higher than IMCB's 0.04% expense ratio.

Dividends

EZM vs. IMCB - Dividend Comparison

EZM's dividend yield for the trailing twelve months is around 1.22%, which matches IMCB's 1.22% yield.

PositionTTM20252024202320222021202020192018201720162015
EZM
WisdomTree U.S. MidCap Earnings Fund		1.22%1.39%1.22%1.25%1.57%1.08%1.67%1.34%1.57%1.14%1.55%1.30%
IMCB
iShares Morningstar Mid-Cap ETF		1.22%1.42%1.43%1.55%1.70%1.08%1.12%1.32%1.80%1.31%1.79%1.47%

Frequently Asked Questions

With a correlation of 0.91, EZM and IMCB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

IMCB has higher volatility (4.67%) compared to EZM (3.89%). In terms of maximum drawdown, EZM dropped -59.58% vs IMCB's -58.80%.

On 10-year performance, IMCB leads with 12.15% vs 11.70% for EZM. On fees, IMCB is cheaper at 0.04% per year. On volatility, EZM has been the lower-risk option at 3.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IMCB has performed better with a 12.15% return vs 11.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IMCB is cheaper with a 0.04% expense ratio, compared with 0.38% for EZM.

EZM and IMCB have nearly identical dividend yields, around 1.22%.

EZM tracks WisdomTree U.S. MidCap Index, while IMCB tracks IMCB-US - Morningstar U.S. Mid Cap Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.38% for EZM and 0.04% for IMCB.

IMCB currently has the higher Sharpe Ratio (1.87 vs 1.70), 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.

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