QMID vs. AGMI

Last updated Jun 3, 2026

QMID (WisdomTree U.S. MidCap Quality Growth Fund) and AGMI (Themes Silver Miners ETF) are both exchange-traded funds - QMID is a Mid Cap Growth Equities fund tracking the WisdomTree U.S. MidCap Quality Growth Index, while AGMI is a Silver fund tracking the STOXX Global Silver Mining Index. Both are passively managed. Over the past year, QMID returned 13.12% vs 125.57% for AGMI. At a 0.33 correlation, their price movements are largely independent. QMID charges 0.38%/yr vs 0.35%/yr for AGMI.

Performance

QMID vs. AGMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. MidCap Quality Growth Fund (QMID) and Themes Silver Miners ETF (AGMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QMID achieves a 2.79% return, which is significantly lower than AGMI's 12.96% return.

QMID

• 1D: -0.56%
• 1M: 1.74%
• YTD: 2.79%
• 6M: 2.15%
• 1Y: 13.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AGMI

• 1D: 2.76%
• 1M: 6.81%
• YTD: 12.96%
• 6M: 25.76%
• 1Y: 125.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QMID vs. AGMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QMID WisdomTree U.S. MidCap Quality Growth Fund	2.79%	5.02%	4.13%
AGMI Themes Silver Miners ETF	12.96%	176.11%	-0.74%

Correlation

The correlation between QMID and AGMI is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (All Time) Calculated using the full available price history since May 6, 2024	0.33

QMID vs. AGMI - Sectors Allocation Comparison

Sectors	QMID	AGMI
Industrials	23.6%	-
Consumer Cyclical	18.2%	-
Technology	16.3%	0.0%
Healthcare	14.5%	-
Financial Services	12.5%	-
Consumer Defensive	6.4%	-
Energy	3.3%	-
Communication Services	3.1%	-
Basic Materials	2.1%	100.0%
Real Estate	-	-
Utilities	-	-

Return for Risk

QMID vs. AGMI — Risk / Return Rank

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

QMID

QMID Risk / Return Rank: 25
QMID Sharpe Ratio Rank: 25
QMID Sortino Ratio Rank: 25
QMID Omega Ratio Rank: 23
QMID Calmar Ratio Rank: 25
QMID Martin Ratio Rank: 28

AGMI

AGMI Risk / Return Rank: 67
AGMI Sharpe Ratio Rank: 79
AGMI Sortino Ratio Rank: 56
AGMI Omega Ratio Rank: 62
AGMI Calmar Ratio Rank: 78
AGMI Martin Ratio Rank: 61

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.

QMID vs. AGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. MidCap Quality Growth Fund (QMID) and Themes Silver Miners ETF (AGMI). 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.

	QMID	AGMI	Difference
Sharpe ratio Return per unit of total volatility	0.88	2.59	-1.71
Sortino ratio Return per unit of downside risk	1.37	2.71	-1.34
Omega ratio Gain probability vs. loss probability	1.15	1.38	-0.23
Calmar ratio Return relative to maximum drawdown	1.20	4.09	-2.88
Martin ratio Return relative to average drawdown	4.13	11.14	-7.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QMID vs. AGMI - Sharpe Ratio Comparison

The current QMID Sharpe Ratio is 0.88, which is lower than the AGMI Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of QMID and AGMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QMID	AGMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	2.59	-1.71
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	1.66	-1.26

Drawdowns

QMID vs. AGMI - Drawdown Comparison

The maximum QMID drawdown since its inception was -24.42%, smaller than the maximum AGMI drawdown of -33.26%. Use the drawdown chart below to compare losses from any high point for QMID and AGMI.

Drawdown Indicators

	QMID	AGMI	Difference
Max Drawdown Largest peak-to-trough decline	-24.42%	-33.26%	+8.84%
Max Drawdown (1Y) Largest decline over 1 year	-10.67%	-33.26%	+22.59%
Current Drawdown Current decline from peak	-1.46%	-18.49%	+17.03%
Average Drawdown Average peak-to-trough decline	-5.49%	-9.12%	+3.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	12.21%	-9.09%

Volatility

QMID vs. AGMI - Volatility Comparison

The current volatility for WisdomTree U.S. MidCap Quality Growth Fund (QMID) is 3.77%, while Themes Silver Miners ETF (AGMI) has a volatility of 16.98%. This indicates that QMID experiences smaller price fluctuations and is considered to be less risky than AGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QMID	AGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	16.98%	-13.21%
Volatility (6M) Calculated over the trailing 6-month period	10.47%	40.71%	-30.24%
Volatility (1Y) Calculated over the trailing 1-year period	14.97%	48.86%	-33.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.53%	43.94%	-25.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.53%	43.94%	-25.41%

QMID vs. AGMI - Expense Ratio Comparison

QMID has a 0.38% expense ratio, which is higher than AGMI's 0.35% expense ratio.

Dividends

QMID vs. AGMI - Dividend Comparison

QMID's dividend yield for the trailing twelve months is around 0.50%, less than AGMI's 3.92% yield.

Position	TTM	2025	2024
AGMI Themes Silver Miners ETF	3.92%	4.43%	1.81%
QMID WisdomTree U.S. MidCap Quality Growth Fund	0.50%	0.51%	1.16%

Frequently Asked Questions

Can I hold both QMID and AGMI in my portfolio?

QMID and AGMI have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QMID or AGMI?

AGMI has higher volatility (16.98%) compared to QMID (3.77%). In terms of maximum drawdown, QMID dropped -24.42% vs AGMI's -33.26%.

Which ETF is better, QMID or AGMI?

On 1-year performance, AGMI leads with 125.57% vs 13.12% for QMID. On fees, AGMI is cheaper at 0.35% per year. On volatility, QMID has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QMID or AGMI?

Over the 1-year period, AGMI has performed better with a 125.57% return vs 13.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QMID or AGMI?

AGMI is cheaper with a 0.35% expense ratio, compared with 0.38% for QMID.

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

AGMI has the higher dividend yield at 3.92%, compared with 0.50% for QMID.

What is the main difference between QMID and AGMI?

QMID is categorized as Mid Cap Growth Equities, while AGMI is Silver. QMID tracks WisdomTree U.S. MidCap Quality Growth Index, while AGMI tracks STOXX Global Silver Mining Index. They also come from different issuers: WisdomTree and Themes. Their fees differ too: 0.38% for QMID and 0.35% for AGMI.

Which has better risk-adjusted returns?

AGMI currently has the higher Sharpe Ratio (2.59 vs 0.88), 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.