MID vs. QGRO

Last updated Aug 2, 2026

MID (American Century Mid Cap Growth Impact ETF) and QGRO (American Century U.S. Quality Growth ETF) are both exchange-traded funds - MID is a Mid Cap Growth Equities fund actively managed by American Century, while QGRO is a Quality Factor fund tracking the American Century U.S. Quality Growth Index. MID is actively managed, while QGRO is passively managed. Over the past 5 years, MID returned 2.57%/yr vs 9.78%/yr for QGRO. Their correlation of 0.92 means they have usually moved in the same direction. MID charges 0.45%/yr vs 0.29%/yr for QGRO.

Performance

MID vs. QGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Mid Cap Growth Impact ETF (MID) and American Century U.S. Quality Growth ETF (QGRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MID

• 1D: 0.19%
• 1M: -2.00%
• 6M: 1.56%
• YTD: 2.51%
• 1Y: 1.83%
• 3Y*: 11.74%
• 5Y*: 2.57%
• 10Y*: —
• ALL TIME*: 9.07%

QGRO

• 1D: 0.39%
• 1M: -1.57%
• 6M: 1.69%
• YTD: 0.00%
• 1Y: 6.45%
• 3Y*: 17.88%
• 5Y*: 9.78%
• 10Y*: —
• ALL TIME*: 14.70%

*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)
MID American Century Mid Cap Growth Impact ETF	$78.49K	$249.03K	$206.22K
QGRO American Century U.S. Quality Growth ETF	$8.21M	$8.51M	$14.19M

MID vs. QGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MID American Century Mid Cap Growth Impact ETF	2.51%	8.22%	19.40%	22.20%	-27.44%	10.39%	30.35%
QGRO American Century U.S. Quality Growth ETF	0.00%	15.18%	31.42%	32.42%	-24.54%	24.57%	22.90%

Correlation

The correlation between MID and QGRO is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020	0.92

The correlation between MID and QGRO has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

MID vs. QGRO - Sectors Allocation Comparison

Sectors	MID	QGRO
Technology	33.9%	42.5%
Industrials	20.5%	12.3%
Healthcare	12.8%	11.6%
Consumer Cyclical	12.5%	8.3%
Energy	7.6%	1.2%
Communication Services	4.5%	15.2%
Utilities	3.2%	0.8%
Financial Services	2.7%	3.9%
Basic Materials	2.4%	0.2%
Consumer Defensive	1.6%	3.3%
Real Estate	-	0.8%

Return for Risk

MID vs. QGRO — Risk / Return Rank

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

MID

MID Risk / Return Rank: 12
MID Sharpe Ratio Rank: 13
MID Sortino Ratio Rank: 12
MID Omega Ratio Rank: 12
MID Calmar Ratio Rank: 12
MID Martin Ratio Rank: 12

QGRO

QGRO Risk / Return Rank: 17
QGRO Sharpe Ratio Rank: 18
QGRO Sortino Ratio Rank: 17
QGRO Omega Ratio Rank: 16
QGRO Calmar Ratio Rank: 17
QGRO Martin Ratio Rank: 19

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.

MID vs. QGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Mid Cap Growth Impact ETF (MID) and American Century U.S. Quality Growth ETF (QGRO). 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.

	MID	QGRO	Difference
Sharpe ratio: Return per unit of total volatility	0.07	0.30	-0.23
Sortino ratio: Return per unit of downside risk	0.22	0.53	-0.30
Omega ratio: Gain probability vs. loss probability	1.03	1.06	-0.04
Calmar ratio: Return relative to maximum drawdown	0.09	0.36	-0.27
Martin ratio: Return relative to average drawdown	0.26	1.17	-0.91

MID vs. QGRO - Sharpe Ratio Comparison

The current MID Sharpe Ratio is 0.07, which is lower than the QGRO Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of MID and QGRO, 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

MID vs. QGRO - Drawdown Comparison

The maximum MID drawdown since its inception was -40.15%, which is greater than QGRO's maximum drawdown of -32.56%. Use the drawdown chart below to compare losses from any high point for MID and QGRO.

Drawdown Indicators

	MID	QGRO	Difference
Max Drawdown Largest peak-to-trough decline	-40.15%	-32.56%	-7.59%
Max Drawdown (1Y) Largest decline over 1 year	-13.89%	-13.54%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	-23.92%	-23.82%	-0.10%
Max Drawdown (5Y) Largest decline over 5 years	-40.15%	-31.86%	-8.29%
Current Drawdown Current decline from peak	-4.83%	-3.32%	-1.51%
Average Drawdown Average peak-to-trough decline	-13.15%	-7.56%	-5.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.83%	4.13%	+0.70%

Volatility

MID vs. QGRO - Volatility Comparison

American Century Mid Cap Growth Impact ETF (MID) has a higher volatility of 4.75% compared to American Century U.S. Quality Growth ETF (QGRO) at 4.10%. This indicates that MID's price experiences larger fluctuations and is considered to be riskier than QGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MID	QGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	4.10%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	14.01%	12.90%	+1.11%
Volatility (1Y) Calculated over the trailing 1-year period	17.75%	16.21%	+1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.72%	21.20%	+2.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.80%	22.83%	+0.97%

MID vs. QGRO - Expense Ratio Comparison

MID has a 0.45% expense ratio, which is higher than QGRO's 0.29% expense ratio.

Dividends

MID vs. QGRO - Dividend Comparison

MID's dividend yield for the trailing twelve months is around 0.15%, less than QGRO's 0.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MID American Century Mid Cap Growth Impact ETF	0.15%	0.18%	0.17%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%
QGRO American Century U.S. Quality Growth ETF	0.19%	0.25%	0.25%	0.41%	0.46%	0.31%	0.22%	0.38%	0.13%

Frequently Asked Questions

Can I hold both MID and QGRO in my portfolio?

MID and QGRO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MID or QGRO?

MID has higher volatility (4.75%) compared to QGRO (4.10%). In terms of maximum drawdown, MID dropped -40.15% vs QGRO's -32.56%.

Which ETF is better, MID or QGRO?

On 5-year performance, QGRO leads with 9.78% vs 2.57% for MID. On fees, QGRO is cheaper at 0.29% per year. On volatility, QGRO has been the lower-risk option at 4.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MID or QGRO?

Over the 5-year period, QGRO has performed better with a 9.78% return vs 2.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MID or QGRO?

QGRO is cheaper with a 0.29% expense ratio, compared with 0.45% for MID.

Which ETF pays a higher dividend yield, MID or QGRO?

QGRO has the higher dividend yield at 0.19%, compared with 0.15% for MID.

What is the main difference between MID and QGRO?

MID is categorized as Mid Cap Growth Equities, while QGRO is Quality Factor. Their fees differ too: 0.45% for MID and 0.29% for QGRO.

Which has better risk-adjusted returns?

QGRO currently has the higher Sharpe Ratio (0.30 vs 0.07), 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.