QMID vs. JSMD

Last updated Jul 17, 2026

QMID (WisdomTree U.S. MidCap Quality Growth Fund) and JSMD (Janus Henderson Small/Mid Cap Growth Alpha ETF) are both Mid Cap Growth Equities funds - QMID tracks the WisdomTree U.S. MidCap Quality Growth Index while JSMD tracks the Janus Small Mid Cap Growth Alpha Index. Both are passively managed. Over the past year, QMID returned 9.33% vs 22.75% for JSMD. Their correlation of 0.88 suggests significant overlap in exposure. QMID charges 0.38%/yr vs 0.30%/yr for JSMD.

Performance

QMID vs. JSMD - Performance Comparison

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

Returns By Period

In the year-to-date period, QMID achieves a 4.27% return, which is significantly lower than JSMD's 17.41% return.

QMID

• 1D: 1.02%
• 1M: 1.62%
• 6M: 0.15%
• YTD: 4.27%
• 1Y: 9.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JSMD

• 1D: -1.39%
• 1M: -0.93%
• 6M: 9.85%
• YTD: 17.41%
• 1Y: 22.75%
• 3Y*: 14.72%
• 5Y*: 8.56%
• 10Y*: 13.14%

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

QMID vs. JSMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QMID WisdomTree U.S. MidCap Quality Growth Fund	4.27%	5.02%	9.01%
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	17.41%	9.25%	17.06%

Correlation

The correlation between QMID and JSMD is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024	0.88

The correlation between QMID and JSMD has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.

QMID vs. JSMD - Sectors Allocation Comparison

Sectors	QMID	JSMD
Industrials	24.3%	23.3%
Consumer Cyclical	15.8%	8.7%
Technology	14.8%	28.1%
Healthcare	14.1%	18.7%
Financial Services	12.0%	8.9%
Consumer Defensive	7.5%	2.5%
Energy	5.1%	1.1%
Communication Services	3.2%	2.9%
Basic Materials	2.2%	3.0%
Real Estate	-	2.8%
Utilities	-	-

Return for Risk

QMID vs. JSMD — Risk / Return Rank

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

QMID

QMID Risk / Return Rank: 23
QMID Sharpe Ratio Rank: 22
QMID Sortino Ratio Rank: 22
QMID Omega Ratio Rank: 20
QMID Calmar Ratio Rank: 23
QMID Martin Ratio Rank: 27

JSMD

JSMD Risk / Return Rank: 36
JSMD Sharpe Ratio Rank: 35
JSMD Sortino Ratio Rank: 34
JSMD Omega Ratio Rank: 33
JSMD Calmar Ratio Rank: 37
JSMD Martin Ratio Rank: 40

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. JSMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. MidCap Quality Growth Fund (QMID) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD). 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	JSMD	Difference
Sharpe ratio: Return per unit of total volatility	0.62	1.03	-0.41
Sortino ratio: Return per unit of downside risk	1.01	1.54	-0.53
Omega ratio: Gain probability vs. loss probability	1.11	1.19	-0.07
Calmar ratio: Return relative to maximum drawdown	0.88	1.54	-0.66
Martin ratio: Return relative to average drawdown	2.95	5.12	-2.17

QMID vs. JSMD - Sharpe Ratio Comparison

The current QMID Sharpe Ratio is 0.62, which is lower than the JSMD Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of QMID and JSMD, 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. JSMD - Drawdown Comparison

The maximum QMID drawdown since its inception was -24.42%, smaller than the maximum JSMD drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for QMID and JSMD.

Drawdown Indicators

	QMID	JSMD	Difference
Max Drawdown Largest peak-to-trough decline	-24.42%	-38.98%	+14.56%
Max Drawdown (1Y) Largest decline over 1 year	-10.67%	-14.86%	+4.19%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.98%	—
Current Drawdown Current decline from peak	-0.36%	-5.59%	+5.23%
Average Drawdown Average peak-to-trough decline	-5.29%	-7.42%	+2.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	4.45%	-1.28%

Volatility

QMID vs. JSMD - Volatility Comparison

The current volatility for WisdomTree U.S. MidCap Quality Growth Fund (QMID) is 3.48%, while Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has a volatility of 6.01%. This indicates that QMID experiences smaller price fluctuations and is considered to be less risky than JSMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QMID	JSMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	6.01%	-2.53%
Volatility (6M) Calculated over the trailing 6-month period	10.79%	17.49%	-6.70%
Volatility (1Y) Calculated over the trailing 1-year period	15.06%	22.16%	-7.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.29%	23.09%	-4.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	22.80%	-4.51%

QMID vs. JSMD - Expense Ratio Comparison

QMID has a 0.38% expense ratio, which is higher than JSMD's 0.30% expense ratio.

Dividends

QMID vs. JSMD - Dividend Comparison

QMID's dividend yield for the trailing twelve months is around 0.49%, more than JSMD's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	0.43%	0.54%	0.76%	0.44%	0.40%	0.28%	0.24%	0.32%	0.53%	0.30%	0.36%
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%

Frequently Asked Questions

Can I hold both QMID and JSMD in my portfolio?

QMID and JSMD have a correlation of 0.81, 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 JSMD?

JSMD has higher volatility (6.01%) compared to QMID (3.48%). In terms of maximum drawdown, QMID dropped -24.42% vs JSMD's -38.98%.

Which ETF is better, QMID or JSMD?

On 1-year performance, JSMD leads with 22.75% vs 9.33% for QMID. On fees, JSMD is cheaper at 0.30% per year. On volatility, QMID has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QMID or JSMD?

Over the 1-year period, JSMD has performed better with a 22.75% return vs 9.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QMID or JSMD?

JSMD is cheaper with a 0.30% expense ratio, compared with 0.38% for QMID.

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

QMID has the higher dividend yield at 0.49%, compared with 0.43% for JSMD.

What is the main difference between QMID and JSMD?

QMID tracks WisdomTree U.S. MidCap Quality Growth Index, while JSMD tracks Janus Small Mid Cap Growth Alpha Index. They also come from different issuers: WisdomTree and Janus Henderson. Their fees differ too: 0.38% for QMID and 0.30% for JSMD.

Which has better risk-adjusted returns?

JSMD currently has the higher Sharpe Ratio (1.03 vs 0.62), 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.