JMID vs. QMID

Last updated Jun 23, 2026

JMID (Janus Henderson Mid Cap Growth Alpha ETF) and QMID (WisdomTree U.S. MidCap Quality Growth Fund) are both Mid Cap Growth Equities funds. JMID is actively managed, while QMID is passively managed. Over the past year, JMID returned 12.15% vs 9.91% for QMID. Their correlation of 0.89 suggests significant overlap in exposure. JMID charges 0.30%/yr vs 0.38%/yr for QMID.

Performance

JMID vs. QMID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Mid Cap Growth Alpha ETF (JMID) 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, JMID achieves a 7.39% return, which is significantly higher than QMID's 1.54% return.

JMID

• 1D: -0.14%
• 1M: 0.25%
• YTD: 7.39%
• 6M: 5.11%
• 1Y: 12.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QMID

• 1D: -0.65%
• 1M: 1.03%
• YTD: 1.54%
• 6M: -1.26%
• 1Y: 9.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JMID vs. QMID - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JMID Janus Henderson Mid Cap Growth Alpha ETF	7.39%	5.56%	11.33%
QMID WisdomTree U.S. MidCap Quality Growth Fund	1.54%	5.02%	1.10%

Correlation

The correlation between JMID and QMID is 0.89, 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	0.89
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	0.89

The correlation between JMID and QMID has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.

JMID vs. QMID - Sectors Allocation Comparison

Sectors	JMID	QMID
Technology	28.3%	15.8%
Industrials	24.5%	25.0%
Consumer Cyclical	18.1%	15.9%
Healthcare	11.1%	14.1%
Financial Services	5.1%	12.0%
Communication Services	4.9%	3.2%
Real Estate	2.2%	-
Consumer Defensive	2.1%	7.5%
Basic Materials	1.5%	2.2%
Energy	1.5%	3.2%
Utilities	0.7%	-

Return for Risk

JMID vs. QMID — Risk / Return Rank

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

JMID

JMID Risk / Return Rank: 23
JMID Sharpe Ratio Rank: 21
JMID Sortino Ratio Rank: 21
JMID Omega Ratio Rank: 19
JMID Calmar Ratio Rank: 24
JMID Martin Ratio Rank: 28

QMID

QMID Risk / Return Rank: 20
QMID Sharpe Ratio Rank: 20
QMID Sortino Ratio Rank: 19
QMID Omega Ratio Rank: 18
QMID Calmar Ratio Rank: 20
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.

JMID vs. QMID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Mid Cap Growth Alpha ETF (JMID) 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.

	JMID	QMID	Difference
Sharpe ratio: Return per unit of total volatility	0.72	0.66	+0.07
Sortino ratio: Return per unit of downside risk	1.13	1.05	+0.08
Omega ratio: Gain probability vs. loss probability	1.13	1.12	+0.01
Calmar ratio: Return relative to maximum drawdown	1.13	0.93	+0.20
Martin ratio: Return relative to average drawdown	3.72	3.15	+0.57

JMID vs. QMID - Sharpe Ratio Comparison

The current JMID Sharpe Ratio is 0.72, which is comparable to the QMID Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of JMID 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

JMID vs. QMID - Drawdown Comparison

The maximum JMID drawdown since its inception was -25.58%, roughly equal to the maximum QMID drawdown of -24.42%. Use the drawdown chart below to compare losses from any high point for JMID and QMID.

Drawdown Indicators

	JMID	QMID	Difference
Max Drawdown Largest peak-to-trough decline	-25.58%	-24.42%	-1.16%
Max Drawdown (1Y) Largest decline over 1 year	-10.82%	-10.67%	-0.15%
Current Drawdown Current decline from peak	-3.05%	-2.66%	-0.39%
Average Drawdown Average peak-to-trough decline	-4.52%	-5.41%	+0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	3.16%	+0.11%

Volatility

JMID vs. QMID - Volatility Comparison

Janus Henderson Mid Cap Growth Alpha ETF (JMID) has a higher volatility of 5.25% compared to WisdomTree U.S. MidCap Quality Growth Fund (QMID) at 3.93%. This indicates that JMID'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

	JMID	QMID	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.25%	3.93%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	13.24%	10.78%	+2.46%
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	21.56%	18.45%	+3.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.56%	18.45%	+3.11%

JMID vs. QMID - Expense Ratio Comparison

JMID has a 0.30% expense ratio, which is lower than QMID's 0.38% expense ratio.

Dividends

JMID vs. QMID - Dividend Comparison

JMID's dividend yield for the trailing twelve months is around 0.65%, more than QMID's 0.51% yield.

Position	TTM	2025	2024
JMID Janus Henderson Mid Cap Growth Alpha ETF	0.65%	0.75%	0.10%
QMID WisdomTree U.S. MidCap Quality Growth Fund	0.51%	0.51%	1.16%

Frequently Asked Questions

Can I hold both JMID and QMID in my portfolio?

JMID and QMID have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JMID or QMID?

JMID has higher volatility (5.25%) compared to QMID (3.93%). In terms of maximum drawdown, JMID dropped -25.58% vs QMID's -24.42%.

Which ETF is better, JMID or QMID?

On 1-year performance, JMID leads with 12.15% vs 9.91% for QMID. On fees, JMID is cheaper at 0.30% per year. On volatility, QMID has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JMID or QMID?

Over the 1-year period, JMID has performed better with a 12.15% return vs 9.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JMID or QMID?

JMID is cheaper with a 0.30% expense ratio, compared with 0.38% for QMID.

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

JMID has the higher dividend yield at 0.65%, compared with 0.51% for QMID.

What is the main difference between JMID and QMID?

They also come from different issuers: Janus Henderson and WisdomTree. Their fees differ too: 0.30% for JMID and 0.38% for QMID.

Which has better risk-adjusted returns?

JMID currently has the higher Sharpe Ratio (0.72 vs 0.66), 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.