IMCG vs. QMID

Last updated Aug 2, 2026

IMCG (iShares Morningstar Mid-Cap Growth ETF) and QMID (WisdomTree U.S. MidCap Quality Growth Fund) are both exchange-traded funds - IMCG is a Mid Cap Growth Equities fund tracking the Morningstar US Mid Cap Broad 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, IMCG returned 19.29% vs 10.41% for QMID. Their correlation of 0.87 means they have usually moved in the same direction. IMCG charges 0.06%/yr vs 0.38%/yr for QMID.

Performance

IMCG vs. QMID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Mid-Cap Growth ETF (IMCG) 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, IMCG achieves a 19.44% return, which is significantly higher than QMID's 5.39% return.

IMCG

• 1D: -0.08%
• 1M: -2.22%
• 6M: 16.42%
• YTD: 19.44%
• 1Y: 19.29%
• 3Y*: 15.82%
• 5Y*: 7.06%
• 10Y*: 14.11%
• ALL TIME*: 11.36%

QMID

• 1D: -0.40%
• 1M: 0.96%
• 6M: 4.68%
• YTD: 5.39%
• 1Y: 10.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.76%

*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)
IMCG iShares Morningstar Mid-Cap Growth ETF	$8.72M	$8.89M	$9.03M
QMID WisdomTree U.S. MidCap Quality Growth Fund	$4.39K	$13.06K	$31.63K

IMCG vs. QMID - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IMCG iShares Morningstar Mid-Cap Growth ETF	19.44%	6.55%	18.99%
QMID WisdomTree U.S. MidCap Quality Growth Fund	5.39%	5.02%	9.01%

Correlation

The correlation between IMCG and QMID is 0.80, 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.	0.80
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024	0.87

The correlation between IMCG and QMID has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

IMCG vs. QMID - Sectors Allocation Comparison

Sectors	IMCG	QMID
Technology	25.1%	17.2%
Industrials	24.5%	19.9%
Financial Services	11.7%	13.2%
Consumer Cyclical	9.8%	19.3%
Healthcare	7.2%	17.9%
Basic Materials	6.8%	0.6%
Real Estate	3.9%	-
Utilities	3.3%	-
Energy	3.2%	3.0%
Communication Services	2.2%	4.6%
Consumer Defensive	2.0%	4.4%

Return for Risk

IMCG vs. QMID — Risk / Return Rank

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

IMCG

IMCG Risk / Return Rank: 45
IMCG Sharpe Ratio Rank: 41
IMCG Sortino Ratio Rank: 41
IMCG Omega Ratio Rank: 39
IMCG Calmar Ratio Rank: 48
IMCG Martin Ratio Rank: 55

QMID

QMID Risk / Return Rank: 26
QMID Sharpe Ratio Rank: 25
QMID Sortino Ratio Rank: 26
QMID Omega Ratio Rank: 23
QMID Calmar Ratio Rank: 26
QMID Martin Ratio Rank: 31

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.

IMCG vs. QMID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap Growth ETF (IMCG) 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.

	IMCG	QMID	Difference
Sharpe ratio: Return per unit of total volatility	1.02	0.58	+0.45
Sortino ratio: Return per unit of downside risk	1.53	0.95	+0.57
Omega ratio: Gain probability vs. loss probability	1.18	1.11	+0.08
Calmar ratio: Return relative to maximum drawdown	1.70	0.82	+0.89
Martin ratio: Return relative to average drawdown	6.41	2.77	+3.64

IMCG vs. QMID - Sharpe Ratio Comparison

The current IMCG Sharpe Ratio is 1.02, which is higher than the QMID Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of IMCG 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

IMCG vs. QMID - Drawdown Comparison

The maximum IMCG drawdown since its inception was -58.96%, which is greater than QMID's maximum drawdown of -24.42%. Use the drawdown chart below to compare losses from any high point for IMCG and QMID.

Drawdown Indicators

	IMCG	QMID	Difference
Max Drawdown Largest peak-to-trough decline	-58.96%	-24.42%	-34.54%
Max Drawdown (1Y) Largest decline over 1 year	-10.17%	-10.67%	+0.50%
Max Drawdown (3Y) Largest decline over 3 years	-21.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.08%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.08%	—	—
Current Drawdown Current decline from peak	-3.25%	-1.34%	-1.91%
Average Drawdown Average peak-to-trough decline	-9.17%	-5.22%	-3.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	3.15%	-0.45%

Volatility

IMCG vs. QMID - Volatility Comparison

The current volatility for iShares Morningstar Mid-Cap Growth ETF (IMCG) is 3.48%, while WisdomTree U.S. MidCap Quality Growth Fund (QMID) has a volatility of 3.78%. This indicates that IMCG experiences smaller price fluctuations and is considered to be less risky than QMID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMCG	QMID	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	3.78%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	14.04%	10.87%	+3.17%
Volatility (1Y) Calculated over the trailing 1-year period	16.92%	15.17%	+1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.36%	18.23%	+2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.55%	18.23%	+2.32%

IMCG vs. QMID - Expense Ratio Comparison

IMCG has a 0.06% expense ratio, which is lower than QMID's 0.38% expense ratio.

Dividends

IMCG vs. QMID - Dividend Comparison

IMCG's dividend yield for the trailing twelve months is around 0.63%, more than QMID's 0.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMCG iShares Morningstar Mid-Cap Growth ETF	0.63%	0.78%	0.78%	0.85%	0.91%	0.41%	0.09%	0.30%	0.35%	0.45%	0.52%	0.38%
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

Can I hold both IMCG and QMID in my portfolio?

IMCG and QMID have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IMCG or QMID?

QMID has higher volatility (3.78%) compared to IMCG (3.48%). In terms of maximum drawdown, IMCG dropped -58.96% vs QMID's -24.42%.

Which ETF is better, IMCG or QMID?

On 1-year performance, IMCG leads with 19.29% vs 10.41% for QMID. On fees, IMCG is cheaper at 0.06% per year. On volatility, IMCG has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IMCG or QMID?

Over the 1-year period, IMCG has performed better with a 19.29% return vs 10.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IMCG or QMID?

IMCG is cheaper with a 0.06% expense ratio, compared with 0.38% for QMID.

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

IMCG has the higher dividend yield at 0.63%, compared with 0.49% for QMID.

What is the main difference between IMCG and QMID?

IMCG is categorized as Mid Cap Growth Equities, while QMID is Quality Factor. IMCG tracks Morningstar US Mid Cap Broad Growth Index, while QMID tracks WisdomTree U.S. MidCap Quality Growth Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.06% for IMCG and 0.38% for QMID.

Which has better risk-adjusted returns?

IMCG currently has the higher Sharpe Ratio (1.02 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.