QMID vs. EQLT

Last updated Aug 2, 2026

QMID (WisdomTree U.S. MidCap Quality Growth Fund) and EQLT (iShares MSCI Emerging Markets Quality Factor ETF) are both Quality Factor funds - QMID tracks the WisdomTree U.S. MidCap Quality Growth Index while EQLT tracks the MSCI Emerging Markets Quality Factor Select Index. Both are passively managed. Over the past year, QMID returned 10.41% vs 44.38% for EQLT. Their 0.49 correlation means their historical movements had little consistent relationship. QMID charges 0.38%/yr vs 0.35%/yr for EQLT.

Performance

QMID vs. EQLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. MidCap Quality Growth Fund (QMID) and iShares MSCI Emerging Markets Quality Factor ETF (EQLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QMID achieves a 5.39% return, which is significantly lower than EQLT's 22.86% return.

QMID

• 1D: -0.40%
• 1M: 0.96%
• 6M: 4.68%
• YTD: 5.39%
• 1Y: 10.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.76%

EQLT

• 1D: 0.51%
• 1M: -1.35%
• 6M: 14.71%
• YTD: 22.86%
• 1Y: 44.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 29.13%

*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)
EQLT iShares MSCI Emerging Markets Quality Factor ETF	$77.09K	$55.23K	$122.39K
QMID WisdomTree U.S. MidCap Quality Growth Fund	$4.39K	$13.06K	$31.63K

QMID vs. EQLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QMID WisdomTree U.S. MidCap Quality Growth Fund	5.39%	5.02%	4.59%
EQLT iShares MSCI Emerging Markets Quality Factor ETF	22.86%	33.93%	-1.29%

Correlation

The correlation between QMID and EQLT is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.52
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024	0.49

The correlation between QMID and EQLT has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.

QMID vs. EQLT - Sectors Allocation Comparison

Sectors	QMID	EQLT
Industrials	19.9%	11.4%
Consumer Cyclical	19.3%	8.2%
Healthcare	17.9%	3.3%
Technology	17.2%	34.8%
Financial Services	13.2%	19.5%
Communication Services	4.6%	5.2%
Consumer Defensive	4.4%	3.5%
Energy	3.0%	3.5%
Basic Materials	0.6%	6.5%
Real Estate	-	0.9%
Utilities	-	1.8%

Return for Risk

QMID vs. EQLT — Risk / Return Rank

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

QMID

QMID Risk / Return Rank: 26
QMID Sharpe Ratio Rank: 25
QMID Sortino Ratio Rank: 26
QMID Omega Ratio Rank: 23
QMID Calmar Ratio Rank: 26
QMID Martin Ratio Rank: 31

EQLT

EQLT Risk / Return Rank: 81
EQLT Sharpe Ratio Rank: 80
EQLT Sortino Ratio Rank: 76
EQLT Omega Ratio Rank: 79
EQLT Calmar Ratio Rank: 88
EQLT Martin Ratio Rank: 81

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.

QMID vs. EQLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. MidCap Quality Growth Fund (QMID) and iShares MSCI Emerging Markets Quality Factor ETF (EQLT). 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.

	QMID	EQLT	Difference
Sharpe ratio: Return per unit of total volatility	0.58	1.85	-1.27
Sortino ratio: Return per unit of downside risk	0.95	2.44	-1.49
Omega ratio: Gain probability vs. loss probability	1.11	1.33	-0.22
Calmar ratio: Return relative to maximum drawdown	0.82	3.61	-2.79
Martin ratio: Return relative to average drawdown	2.77	10.91	-8.14

QMID vs. EQLT - Sharpe Ratio Comparison

The current QMID Sharpe Ratio is 0.58, which is lower than the EQLT Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of QMID and EQLT, 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

QMID vs. EQLT - Drawdown Comparison

The maximum QMID drawdown since its inception was -24.42%, which is greater than EQLT's maximum drawdown of -17.38%. Use the drawdown chart below to compare losses from any high point for QMID and EQLT.

Drawdown Indicators

	QMID	EQLT	Difference
Max Drawdown Largest peak-to-trough decline	-24.42%	-17.38%	-7.04%
Max Drawdown (1Y) Largest decline over 1 year	-10.67%	-12.00%	+1.33%
Current Drawdown Current decline from peak	-1.34%	-8.36%	+7.02%
Average Drawdown Average peak-to-trough decline	-5.22%	-3.81%	-1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	3.96%	-0.81%

Volatility

QMID vs. EQLT - Volatility Comparison

The current volatility for WisdomTree U.S. MidCap Quality Growth Fund (QMID) is 3.78%, while iShares MSCI Emerging Markets Quality Factor ETF (EQLT) has a volatility of 5.98%. This indicates that QMID experiences smaller price fluctuations and is considered to be less risky than EQLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QMID	EQLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	5.98%	-2.20%
Volatility (6M) Calculated over the trailing 6-month period	10.87%	21.15%	-10.28%
Volatility (1Y) Calculated over the trailing 1-year period	15.17%	23.39%	-8.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.23%	21.25%	-3.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.23%	21.25%	-3.02%

QMID vs. EQLT - Expense Ratio Comparison

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

Dividends

QMID vs. EQLT - Dividend Comparison

QMID's dividend yield for the trailing twelve months is around 0.49%, less than EQLT's 2.85% yield.

Position	TTM	2025	2024
EQLT iShares MSCI Emerging Markets Quality Factor ETF	2.85%	3.10%	0.51%
QMID WisdomTree U.S. MidCap Quality Growth Fund	0.49%	0.51%	1.16%

Frequently Asked Questions

Can I hold both QMID and EQLT in my portfolio?

QMID and EQLT have a correlation of 0.52, 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 EQLT?

EQLT has higher volatility (5.98%) compared to QMID (3.78%). In terms of maximum drawdown, QMID dropped -24.42% vs EQLT's -17.38%.

Which ETF is better, QMID or EQLT?

On 1-year performance, EQLT leads with 44.38% vs 10.41% for QMID. On fees, EQLT is cheaper at 0.35% per year. On volatility, QMID has been the lower-risk option at 3.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QMID or EQLT?

Over the 1-year period, EQLT has performed better with a 44.38% return vs 10.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QMID or EQLT?

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

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

EQLT has the higher dividend yield at 2.85%, compared with 0.49% for QMID.

What is the main difference between QMID and EQLT?

QMID tracks WisdomTree U.S. MidCap Quality Growth Index, while EQLT tracks MSCI Emerging Markets Quality Factor Select Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.38% for QMID and 0.35% for EQLT.

Which has better risk-adjusted returns?

EQLT currently has the higher Sharpe Ratio (1.85 vs 0.58), 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.