MGMT vs. QIDX

Last updated Jun 23, 2026

MGMT (Ballast Small/Mid Cap ETF) and QIDX (Indexperts Quality Earnings Focused ETF) are both Mid Cap Blend Equities funds. Both are actively managed. Over the past year, MGMT returned 29.73% vs 14.00% for QIDX. A 0.79 correlation means they provide meaningful diversification when combined. MGMT charges 1.10%/yr vs 0.50%/yr for QIDX.

Performance

MGMT vs. QIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ballast Small/Mid Cap ETF (MGMT) and Indexperts Quality Earnings Focused ETF (QIDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MGMT achieves a 12.16% return, which is significantly higher than QIDX's 8.19% return.

MGMT

• 1D: -1.31%
• 1M: 4.45%
• YTD: 12.16%
• 6M: 10.57%
• 1Y: 29.73%
• 3Y*: 14.13%
• 5Y*: 7.38%
• 10Y*: —

QIDX

• 1D: 0.09%
• 1M: 1.61%
• YTD: 8.19%
• 6M: 7.35%
• 1Y: 14.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MGMT vs. QIDX - Yearly Performance Comparison

	2026 (YTD)	2025
MGMT Ballast Small/Mid Cap ETF	12.16%	6.96%
QIDX Indexperts Quality Earnings Focused ETF	8.19%	6.60%

Correlation

The correlation between MGMT and QIDX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jan 2, 2025	0.79

The correlation between MGMT and QIDX has been stable across timeframes, ranging from 0.79 to 0.79 - a consistent structural relationship.

Return for Risk

MGMT vs. QIDX — Risk / Return Rank

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

MGMT

MGMT Risk / Return Rank: 49
MGMT Sharpe Ratio Rank: 51
MGMT Sortino Ratio Rank: 53
MGMT Omega Ratio Rank: 45
MGMT Calmar Ratio Rank: 50
MGMT Martin Ratio Rank: 46

QIDX

QIDX Risk / Return Rank: 38
QIDX Sharpe Ratio Rank: 36
QIDX Sortino Ratio Rank: 37
QIDX Omega Ratio Rank: 34
QIDX Calmar Ratio Rank: 42
QIDX Martin Ratio Rank: 43

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.

MGMT vs. QIDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ballast Small/Mid Cap ETF (MGMT) and Indexperts Quality Earnings Focused ETF (QIDX). 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.

	MGMT	QIDX	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.26	+0.43
Sortino ratio: Return per unit of downside risk	2.47	1.86	+0.61
Omega ratio: Gain probability vs. loss probability	1.29	1.22	+0.06
Calmar ratio: Return relative to maximum drawdown	2.43	2.03	+0.39
Martin ratio: Return relative to average drawdown	7.35	6.72	+0.63

MGMT vs. QIDX - Sharpe Ratio Comparison

The current MGMT Sharpe Ratio is 1.69, which is higher than the QIDX Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of MGMT and QIDX, 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

MGMT vs. QIDX - Drawdown Comparison

The maximum MGMT drawdown since its inception was -24.95%, which is greater than QIDX's maximum drawdown of -14.99%. Use the drawdown chart below to compare losses from any high point for MGMT and QIDX.

Drawdown Indicators

	MGMT	QIDX	Difference
Max Drawdown Largest peak-to-trough decline	-24.95%	-14.99%	-9.96%
Max Drawdown (1Y) Largest decline over 1 year	-12.32%	-6.92%	-5.40%
Max Drawdown (3Y) Largest decline over 3 years	-23.76%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.95%	—	—
Current Drawdown Current decline from peak	-1.31%	-0.97%	-0.34%
Average Drawdown Average peak-to-trough decline	-6.69%	-2.24%	-4.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	2.09%	+1.97%

Volatility

MGMT vs. QIDX - Volatility Comparison

Ballast Small/Mid Cap ETF (MGMT) has a higher volatility of 4.51% compared to Indexperts Quality Earnings Focused ETF (QIDX) at 2.99%. This indicates that MGMT's price experiences larger fluctuations and is considered to be riskier than QIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGMT	QIDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.51%	2.99%	+1.52%
Volatility (6M) Calculated over the trailing 6-month period	12.22%	8.53%	+3.69%
Volatility (1Y) Calculated over the trailing 1-year period	17.73%	11.17%	+6.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.51%	14.56%	+4.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.56%	14.56%	+5.00%

MGMT vs. QIDX - Expense Ratio Comparison

MGMT has a 1.10% expense ratio, which is higher than QIDX's 0.50% expense ratio.

Dividends

MGMT vs. QIDX - Dividend Comparison

MGMT's dividend yield for the trailing twelve months is around 0.30%, less than QIDX's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021
MGMT Ballast Small/Mid Cap ETF	0.30%	0.34%	0.51%	1.16%	0.90%	0.26%
QIDX Indexperts Quality Earnings Focused ETF	0.85%	0.84%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MGMT and QIDX in my portfolio?

MGMT and QIDX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MGMT or QIDX?

MGMT has higher volatility (4.51%) compared to QIDX (2.99%). In terms of maximum drawdown, MGMT dropped -24.95% vs QIDX's -14.99%.

Which ETF is better, MGMT or QIDX?

On 1-year performance, MGMT leads with 29.73% vs 14.00% for QIDX. On fees, QIDX is cheaper at 0.50% per year. On volatility, QIDX has been the lower-risk option at 2.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MGMT or QIDX?

Over the 1-year period, MGMT has performed better with a 29.73% return vs 14.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MGMT or QIDX?

QIDX is cheaper with a 0.50% expense ratio, compared with 1.10% for MGMT.

Which ETF pays a higher dividend yield, MGMT or QIDX?

QIDX has the higher dividend yield at 0.85%, compared with 0.30% for MGMT.

What is the main difference between MGMT and QIDX?

They also come from different issuers: Inverdale Capital Management LLC and Indexperts. Their fees differ too: 1.10% for MGMT and 0.50% for QIDX.

Which has better risk-adjusted returns?

MGMT currently has the higher Sharpe Ratio (1.69 vs 1.26), 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.