FAD vs. QMID
FAD (First Trust Multi Cap Growth AlphaDEX Fund) and QMID (WisdomTree U.S. MidCap Quality Growth Fund) are both exchange-traded funds - FAD is a Mid Cap Growth Equities fund tracking the NASDAQ AlphaDEX Multi Cap Growth Index, while QMID is a Quality Factor fund tracking the WisdomTree U.S. MidCap Quality Growth Index. Both are passively managed. Over the past year, FAD returned 24.70% vs 10.41% for QMID. Their correlation of 0.84 means they have usually moved in the same direction. FAD charges 0.63%/yr vs 0.38%/yr for QMID.
Performance
FAD vs. QMID - Performance Comparison
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Returns By Period
In the year-to-date period, FAD achieves a 13.47% return, which is significantly higher than QMID's 5.39% return.
FAD
- 1D
- -0.06%
- 1M
- -4.21%
- 6M
- 10.52%
- YTD
- 13.47%
- 1Y
- 24.70%
- 3Y*
- 19.42%
- 5Y*
- 9.39%
- 10Y*
- 13.70%
- ALL TIME*
- 10.35%
QMID
- 1D
- -0.40%
- 1M
- 0.96%
- 6M
- 4.68%
- YTD
- 5.39%
- 1Y
- 10.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.18M | $2.71M | $2.70M | |
| $4.39K | $13.06K | $31.63K |
FAD vs. QMID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FAD First Trust Multi Cap Growth AlphaDEX Fund | 13.47% | 17.23% | 24.12% |
QMID WisdomTree U.S. MidCap Quality Growth Fund | 5.39% | 5.02% | 9.01% |
Correlation
The correlation between FAD and QMID is 0.75, 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. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024 | 0.84 |
The correlation between FAD and QMID has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.
FAD vs. QMID - Sectors Allocation Comparison
Sectors
FAD
QMID
Technology
Industrials
Healthcare
Consumer Cyclical
Financial Services
Real Estate
-
Communication Services
Basic Materials
Consumer Defensive
Energy
Utilities
-
Technology
FAD
QMID
Industrials
FAD
QMID
Healthcare
FAD
QMID
Consumer Cyclical
FAD
QMID
Financial Services
FAD
QMID
Real Estate
FAD
QMID
-
Communication Services
FAD
QMID
Basic Materials
FAD
QMID
Consumer Defensive
FAD
QMID
Energy
FAD
QMID
Utilities
FAD
QMID
-
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Return for Risk
FAD vs. QMID — Risk / Return Rank
FAD
QMID
FAD vs. QMID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Multi Cap Growth AlphaDEX Fund (FAD) 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.
| FAD | QMID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.11 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 0.82 | +1.28 |
| Martin ratioReturn relative to average drawdown | 6.53 | 2.77 | +3.76 |
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Drawdowns
FAD vs. QMID - Drawdown Comparison
The maximum FAD drawdown since its inception was -54.33%, which is greater than QMID's maximum drawdown of -24.42%. Use the drawdown chart below to compare losses from any high point for FAD and QMID.
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Drawdown Indicators
| FAD | QMID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.33% | -24.42% | -29.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.66% | -10.67% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -23.55% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.25% | — | — |
Current DrawdownCurrent decline from peak | -8.21% | -1.34% | -6.87% |
Average DrawdownAverage peak-to-trough decline | -9.60% | -5.22% | -4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 3.15% | +0.27% |
Volatility
FAD vs. QMID - Volatility Comparison
First Trust Multi Cap Growth AlphaDEX Fund (FAD) has a higher volatility of 6.04% compared to WisdomTree U.S. MidCap Quality Growth Fund (QMID) at 3.78%. This indicates that FAD'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.
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Volatility by Period
| FAD | QMID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 3.78% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 16.39% | 10.87% | +5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.54% | 15.17% | +5.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.87% | 18.23% | +2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.35% | 18.23% | +3.12% |
FAD vs. QMID - Expense Ratio Comparison
FAD has a 0.63% expense ratio, which is higher than QMID's 0.38% expense ratio.
Dividends
FAD vs. QMID - Dividend Comparison
FAD's dividend yield for the trailing twelve months is around 0.10%, less than QMID's 0.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAD First Trust Multi Cap Growth AlphaDEX Fund | 0.10% | 0.09% | 0.59% | 0.51% | 0.60% | 0.09% | 0.32% | 0.48% | 0.20% | 0.22% | 0.64% | 0.41% |
QMID WisdomTree U.S. MidCap Quality Growth Fund | 0.49% | 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
FAD and QMID have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAD has higher volatility (6.04%) compared to QMID (3.78%). In terms of maximum drawdown, FAD dropped -54.33% vs QMID's -24.42%.
On 1-year performance, FAD leads with 24.70% vs 10.41% for QMID. On fees, QMID is cheaper at 0.38% per year. On volatility, QMID has been the lower-risk option at 3.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FAD has performed better with a 24.70% return vs 10.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QMID is cheaper with a 0.38% expense ratio, compared with 0.63% for FAD.
QMID has the higher dividend yield at 0.49%, compared with 0.10% for FAD.
FAD is categorized as Mid Cap Growth Equities, while QMID is Quality Factor. FAD tracks NASDAQ AlphaDEX Multi Cap Growth Index, while QMID tracks WisdomTree U.S. MidCap Quality Growth Index. They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 0.63% for FAD and 0.38% for QMID.
FAD currently has the higher Sharpe Ratio (1.09 vs 0.58), 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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