IWR vs. QMID

Last updated Jun 26, 2026

IWR (iShares Russell Midcap ETF) and QMID (WisdomTree U.S. MidCap Quality Growth Fund) are both Mid Cap Growth Equities funds - IWR tracks the Russell Midcap Index while QMID tracks the WisdomTree U.S. MidCap Quality Growth Index. Both are passively managed. Over the past year, IWR returned 23.04% vs 10.00% for QMID. Their correlation of 0.94 suggests significant overlap in exposure. IWR charges 0.19%/yr vs 0.38%/yr for QMID.

Performance

IWR vs. QMID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell Midcap ETF (IWR) 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, IWR achieves a 14.90% return, which is significantly higher than QMID's 2.22% return.

IWR

• 1D: 1.35%
• 1M: 3.20%
• YTD: 14.90%
• 6M: 13.08%
• 1Y: 23.04%
• 3Y*: 17.47%
• 5Y*: 8.17%
• 10Y*: 12.41%

QMID

• 1D: 0.05%
• 1M: 0.65%
• YTD: 2.22%
• 6M: -0.22%
• 1Y: 10.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IWR vs. QMID - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IWR iShares Russell Midcap ETF	14.90%	10.37%	16.99%
QMID WisdomTree U.S. MidCap Quality Growth Fund	2.22%	5.02%	9.01%

Correlation

The correlation between IWR and QMID 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 (All Time) Calculated using the full available price history since Jan 25, 2024	0.94

The correlation between IWR and QMID has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

IWR vs. QMID - Sectors Allocation Comparison

Sectors	IWR	QMID
Technology	19.6%	15.8%
Industrials	18.1%	25.0%
Financial Services	12.1%	12.0%
Consumer Cyclical	11.1%	15.9%
Healthcare	8.7%	14.1%
Real Estate	6.8%	-
Energy	6.5%	3.2%
Utilities	5.7%	-
Basic Materials	4.2%	2.2%
Consumer Defensive	3.9%	7.5%
Communication Services	3.3%	3.2%

Return for Risk

IWR vs. QMID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWR

IWR Risk / Return Rank: 60
IWR Sharpe Ratio Rank: 57
IWR Sortino Ratio Rank: 58
IWR Omega Ratio Rank: 53
IWR Calmar Ratio Rank: 66
IWR Martin Ratio Rank: 68

QMID

QMID Risk / Return Rank: 21
QMID Sharpe Ratio Rank: 20
QMID Sortino Ratio Rank: 20
QMID Omega Ratio Rank: 18
QMID Calmar Ratio Rank: 21
QMID Martin Ratio Rank: 25

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.

IWR vs. QMID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap ETF (IWR) 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.

	IWR	QMID	Difference
Sharpe ratio: Return per unit of total volatility	1.68	0.67	+1.01
Sortino ratio: Return per unit of downside risk	2.39	1.06	+1.33
Omega ratio: Gain probability vs. loss probability	1.29	1.12	+0.17
Calmar ratio: Return relative to maximum drawdown	2.83	0.94	+1.89
Martin ratio: Return relative to average drawdown	10.84	3.17	+7.67

IWR vs. QMID - Sharpe Ratio Comparison

The current IWR Sharpe Ratio is 1.68, which is higher than the QMID Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of IWR 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

IWR vs. QMID - Drawdown Comparison

The maximum IWR drawdown since its inception was -58.78%, which is greater than QMID's maximum drawdown of -24.42%. Use the drawdown chart below to compare losses from any high point for IWR and QMID.

Drawdown Indicators

	IWR	QMID	Difference
Max Drawdown Largest peak-to-trough decline	-58.78%	-24.42%	-34.36%
Max Drawdown (1Y) Largest decline over 1 year	-8.17%	-10.67%	+2.50%
Max Drawdown (3Y) Largest decline over 3 years	-21.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.59%	—	—
Current Drawdown Current decline from peak	0.00%	-2.00%	+2.00%
Average Drawdown Average peak-to-trough decline	-7.79%	-5.40%	-2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	3.16%	-1.03%

Volatility

IWR vs. QMID - Volatility Comparison

iShares Russell Midcap ETF (IWR) has a higher volatility of 4.67% compared to WisdomTree U.S. MidCap Quality Growth Fund (QMID) at 3.86%. This indicates that IWR'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

	IWR	QMID	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	3.86%	+0.81%
Volatility (6M) Calculated over the trailing 6-month period	10.51%	10.76%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	13.83%	15.11%	-1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.30%	18.41%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.36%	18.41%	+0.95%

IWR vs. QMID - Expense Ratio Comparison

IWR has a 0.19% expense ratio, which is lower than QMID's 0.38% expense ratio.

Dividends

IWR vs. QMID - Dividend Comparison

IWR's dividend yield for the trailing twelve months is around 1.15%, more than QMID's 0.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWR iShares Russell Midcap ETF	1.15%	1.29%	1.27%	1.43%	1.59%	1.04%	1.28%	1.43%	1.98%	1.52%	1.72%	1.59%
QMID WisdomTree U.S. MidCap Quality Growth Fund	0.50%	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 IWR and QMID in my portfolio?

With a correlation of 0.91, IWR and QMID 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.

Which is riskier, IWR or QMID?

IWR has higher volatility (4.67%) compared to QMID (3.86%). In terms of maximum drawdown, IWR dropped -58.78% vs QMID's -24.42%.

Which ETF is better, IWR or QMID?

On 1-year performance, IWR leads with 23.04% vs 10.00% for QMID. On fees, IWR is cheaper at 0.19% per year. On volatility, QMID has been the lower-risk option at 3.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IWR or QMID?

Over the 1-year period, IWR has performed better with a 23.04% return vs 10.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IWR or QMID?

IWR is cheaper with a 0.19% expense ratio, compared with 0.38% for QMID.

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

IWR has the higher dividend yield at 1.15%, compared with 0.50% for QMID.

What is the main difference between IWR and QMID?

IWR tracks Russell Midcap Index, while QMID tracks WisdomTree U.S. MidCap Quality Growth Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.19% for IWR and 0.38% for QMID.

Which has better risk-adjusted returns?

IWR currently has the higher Sharpe Ratio (1.68 vs 0.67), 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.