QMID vs. FEMG

Last updated Jun 3, 2026

QMID (WisdomTree U.S. MidCap Quality Growth Fund) and FEMG (Fidelity Enhanced Mid Cap Growth ETF) are both Mid Cap Growth Equities funds. QMID is passively managed, while FEMG is actively managed. Their correlation of 0.84 suggests significant overlap in exposure. QMID charges 0.38%/yr vs 0.23%/yr for FEMG.

Performance

QMID vs. FEMG - Performance Comparison

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

Returns By Period

QMID

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

FEMG

• 1D: -0.34%
• 1M: 4.84%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QMID vs. FEMG - Yearly Performance Comparison

	2026 (YTD)
QMID WisdomTree U.S. MidCap Quality Growth Fund	1.79%
FEMG Fidelity Enhanced Mid Cap Growth ETF	5.12%

Correlation

The correlation between QMID and FEMG is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 1, 2026	0.84

QMID vs. FEMG - Sectors Allocation Comparison

Sectors	QMID	FEMG
Industrials	23.6%	26.5%
Consumer Cyclical	18.2%	17.4%
Technology	16.3%	24.0%
Healthcare	14.5%	12.6%
Financial Services	12.5%	6.0%
Consumer Defensive	6.4%	1.4%
Energy	3.3%	3.3%
Communication Services	3.1%	2.7%
Basic Materials	2.1%	0.7%
Real Estate	-	1.8%
Utilities	-	2.9%

Return for Risk

QMID vs. FEMG — 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

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. FEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. MidCap Quality Growth Fund (QMID) and Fidelity Enhanced Mid Cap Growth ETF (FEMG). 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	FEMG	Difference
Sharpe ratio Return per unit of total volatility	0.88	—	—
Sortino ratio Return per unit of downside risk	1.37	—	—
Omega ratio Gain probability vs. loss probability	1.15	—	—
Calmar ratio Return relative to maximum drawdown	1.20	—	—
Martin ratio Return relative to average drawdown	4.13	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QMID	FEMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	6.56	-6.16

Drawdowns

QMID vs. FEMG - Drawdown Comparison

The maximum QMID drawdown since its inception was -24.42%, which is greater than FEMG's maximum drawdown of -3.29%. Use the drawdown chart below to compare losses from any high point for QMID and FEMG.

Drawdown Indicators

	QMID	FEMG	Difference
Max Drawdown Largest peak-to-trough decline	-24.42%	-3.29%	-21.13%
Max Drawdown (1Y) Largest decline over 1 year	-10.67%	—	—
Current Drawdown Current decline from peak	-1.46%	-0.34%	-1.12%
Average Drawdown Average peak-to-trough decline	-5.49%	-0.95%	-4.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	—	—

Volatility

Volatility by Period

	QMID	FEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.47%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.97%	12.04%	+2.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.53%	12.04%	+6.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.53%	12.04%	+6.49%

QMID vs. FEMG - Expense Ratio Comparison

QMID has a 0.38% expense ratio, which is higher than FEMG's 0.23% expense ratio.

Dividends

QMID vs. FEMG - Dividend Comparison

QMID's dividend yield for the trailing twelve months is around 0.50%, while FEMG has not paid dividends to shareholders.

Position	TTM	2025	2024
FEMG Fidelity Enhanced Mid Cap Growth ETF	0.00%	0.00%	0.00%
QMID WisdomTree U.S. MidCap Quality Growth Fund	0.50%	0.51%	1.16%

Frequently Asked Questions

Can I hold both QMID and FEMG in my portfolio?

QMID and FEMG have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QMID or FEMG?

On fees, FEMG is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QMID or FEMG?

FEMG is cheaper with a 0.23% expense ratio, compared with 0.38% for QMID.

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

QMID has the higher dividend yield at 0.50%, compared with 0.00% for FEMG.

What is the main difference between QMID and FEMG?

They also come from different issuers: WisdomTree and Fidelity. Their fees differ too: 0.38% for QMID and 0.23% for FEMG.