QMID vs. IWR
QMID (WisdomTree U.S. MidCap Quality Growth Fund) and IWR (iShares Russell Midcap ETF) are both exchange-traded funds - QMID is a Quality Factor fund tracking the WisdomTree U.S. MidCap Quality Growth Index, while IWR is a Mid Cap Blend Equities fund tracking the Russell Midcap Index. Both are passively managed. Over the past year, QMID returned 10.41% vs 20.25% for IWR. Their correlation of 0.93 means they have usually moved in the same direction. QMID charges 0.38%/yr vs 0.19%/yr for IWR.
Performance
QMID vs. IWR - Performance Comparison
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Returns By Period
In the year-to-date period, QMID achieves a 5.39% return, which is significantly lower than IWR's 14.55% return.
QMID
- 1D
- -0.40%
- 1M
- 0.96%
- 6M
- 4.68%
- YTD
- 5.39%
- 1Y
- 10.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.76%
IWR
- 1D
- -0.28%
- 1M
- -0.59%
- 6M
- 11.19%
- YTD
- 14.55%
- 1Y
- 20.25%
- 3Y*
- 14.75%
- 5Y*
- 8.04%
- 10Y*
- 11.43%
- ALL TIME*
- 9.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $186.41M | $266.84M | $222.00M | |
| $4.39K | $13.06K | $31.63K |
QMID vs. IWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QMID WisdomTree U.S. MidCap Quality Growth Fund | 5.39% | 5.02% | 9.01% |
IWR iShares Russell Midcap ETF | 14.55% | 10.37% | 16.99% |
Correlation
The correlation between QMID and IWR is 0.89, 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. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024 | 0.93 |
The correlation between QMID and IWR has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
QMID vs. IWR - Sectors Allocation Comparison
Sectors
QMID
IWR
Industrials
Consumer Cyclical
Healthcare
Technology
Financial Services
Communication Services
Consumer Defensive
Energy
Basic Materials
Real Estate
-
Utilities
-
Industrials
QMID
IWR
Consumer Cyclical
QMID
IWR
Healthcare
QMID
IWR
Technology
QMID
IWR
Financial Services
QMID
IWR
Communication Services
QMID
IWR
Consumer Defensive
QMID
IWR
Energy
QMID
IWR
Basic Materials
QMID
IWR
Real Estate
QMID
-
IWR
Utilities
QMID
-
IWR
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Return for Risk
QMID vs. IWR — Risk / Return Rank
QMID
IWR
QMID vs. IWR - 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 Russell Midcap ETF (IWR). 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 | IWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.24 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 2.28 | -1.46 |
| Martin ratioReturn relative to average drawdown | 2.77 | 8.85 | -6.08 |
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Drawdowns
QMID vs. IWR - Drawdown Comparison
The maximum QMID drawdown since its inception was -24.42%, smaller than the maximum IWR drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for QMID and IWR.
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Drawdown Indicators
| QMID | IWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.42% | -58.78% | +34.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.67% | -8.17% | -2.50% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.09% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.59% | — |
Current DrawdownCurrent decline from peak | -1.34% | -0.93% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -7.76% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.10% | +1.05% |
Volatility
QMID vs. IWR - Volatility Comparison
WisdomTree U.S. MidCap Quality Growth Fund (QMID) has a higher volatility of 3.78% compared to iShares Russell Midcap ETF (IWR) at 2.48%. This indicates that QMID's price experiences larger fluctuations and is considered to be riskier than IWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QMID | IWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 2.48% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 10.17% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 13.67% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.23% | 18.22% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 19.31% | -1.08% |
QMID vs. IWR - Expense Ratio Comparison
QMID has a 0.38% expense ratio, which is higher than IWR's 0.19% expense ratio.
Dividends
QMID vs. IWR - Dividend Comparison
QMID's dividend yield for the trailing twelve months is around 0.49%, less than IWR's 1.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWR iShares Russell Midcap ETF | 1.16% | 1.29% | 1.27% | 1.43% | 1.59% | 1.04% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% |
QMID WisdomTree U.S. MidCap Quality Growth Fund | 0.49% | 0.51% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QMID and IWR have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QMID has higher volatility (3.78%) compared to IWR (2.48%). In terms of maximum drawdown, QMID dropped -24.42% vs IWR's -58.78%.
On 1-year performance, IWR leads with 20.25% vs 10.41% for QMID. On fees, IWR is cheaper at 0.19% per year. On volatility, IWR has been the lower-risk option at 2.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IWR has performed better with a 20.25% return vs 10.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWR is cheaper with a 0.19% expense ratio, compared with 0.38% for QMID.
IWR has the higher dividend yield at 1.16%, compared with 0.49% for QMID.
QMID is categorized as Quality Factor, while IWR is Mid Cap Blend Equities. QMID tracks WisdomTree U.S. MidCap Quality Growth Index, while IWR tracks Russell Midcap Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.38% for QMID and 0.19% for IWR.
IWR currently has the higher Sharpe Ratio (1.36 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.
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