QMID vs. QQQJ

Last updated Jun 24, 2026

QMID (WisdomTree U.S. MidCap Quality Growth Fund) and QQQJ (Invesco NASDAQ Next Gen 100 ETF) are both Mid Cap Growth Equities funds - QMID tracks the WisdomTree U.S. MidCap Quality Growth Index while QQQJ tracks the NASDAQ Next Generation 100 Index. Both are passively managed. Over the past year, QMID returned 9.00% vs 41.94% for QQQJ. Their correlation of 0.85 suggests significant overlap in exposure. QMID charges 0.38%/yr vs 0.15%/yr for QQQJ.

Performance

QMID vs. QQQJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. MidCap Quality Growth Fund (QMID) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QMID achieves a 1.24% return, which is significantly lower than QQQJ's 20.04% return.

QMID

• 1D: -0.29%
• 1M: 0.74%
• YTD: 1.24%
• 6M: -1.04%
• 1Y: 9.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQJ

• 1D: -1.14%
• 1M: 2.22%
• YTD: 20.04%
• 6M: 17.68%
• 1Y: 41.94%
• 3Y*: 21.29%
• 5Y*: 6.21%
• 10Y*: —

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

QMID vs. QQQJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QMID WisdomTree U.S. MidCap Quality Growth Fund	1.24%	5.02%	9.01%
QQQJ Invesco NASDAQ Next Gen 100 ETF	20.04%	20.44%	16.96%

Correlation

The correlation between QMID and QQQJ 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	0.85

The correlation between QMID and QQQJ has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.

QMID vs. QQQJ - Sectors Allocation Comparison

Sectors	QMID	QQQJ
Industrials	25.0%	11.1%
Consumer Cyclical	15.9%	11.3%
Technology	15.8%	40.4%
Healthcare	14.1%	18.7%
Financial Services	12.0%	2.0%
Consumer Defensive	7.5%	2.6%
Energy	3.2%	1.0%
Communication Services	3.2%	7.8%
Basic Materials	2.2%	2.6%
Real Estate	-	-
Utilities	-	2.6%

Return for Risk

QMID vs. QQQJ — Risk / Return Rank

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

QMID

QMID Risk / Return Rank: 19
QMID Sharpe Ratio Rank: 19
QMID Sortino Ratio Rank: 19
QMID Omega Ratio Rank: 17
QMID Calmar Ratio Rank: 20
QMID Martin Ratio Rank: 24

QQQJ

QQQJ Risk / Return Rank: 72
QQQJ Sharpe Ratio Rank: 72
QQQJ Sortino Ratio Rank: 68
QQQJ Omega Ratio Rank: 67
QQQJ Calmar Ratio Rank: 73
QQQJ Martin Ratio Rank: 79

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. QQQJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. MidCap Quality Growth Fund (QMID) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). 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	QQQJ	Difference
Sharpe ratio: Return per unit of total volatility	0.60	2.22	-1.62
Sortino ratio: Return per unit of downside risk	0.97	2.97	-2.00
Omega ratio: Gain probability vs. loss probability	1.11	1.38	-0.28
Calmar ratio: Return relative to maximum drawdown	0.85	3.56	-2.71
Martin ratio: Return relative to average drawdown	2.85	14.75	-11.89

QMID vs. QQQJ - Sharpe Ratio Comparison

The current QMID Sharpe Ratio is 0.60, which is lower than the QQQJ Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of QMID and QQQJ, 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. QQQJ - Drawdown Comparison

The maximum QMID drawdown since its inception was -24.42%, smaller than the maximum QQQJ drawdown of -39.57%. Use the drawdown chart below to compare losses from any high point for QMID and QQQJ.

Drawdown Indicators

	QMID	QQQJ	Difference
Max Drawdown Largest peak-to-trough decline	-24.42%	-39.57%	+15.15%
Max Drawdown (1Y) Largest decline over 1 year	-10.67%	-11.84%	+1.17%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-39.57%	—
Current Drawdown Current decline from peak	-2.94%	-3.24%	+0.30%
Average Drawdown Average peak-to-trough decline	-5.41%	-15.62%	+10.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	2.85%	+0.31%

Volatility

QMID vs. QQQJ - Volatility Comparison

The current volatility for WisdomTree U.S. MidCap Quality Growth Fund (QMID) is 3.95%, while Invesco NASDAQ Next Gen 100 ETF (QQQJ) has a volatility of 7.18%. This indicates that QMID experiences smaller price fluctuations and is considered to be less risky than QQQJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QMID	QQQJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	7.18%	-3.23%
Volatility (6M) Calculated over the trailing 6-month period	10.77%	15.70%	-4.93%
Volatility (1Y) Calculated over the trailing 1-year period	15.14%	19.00%	-3.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.43%	22.18%	-3.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.43%	22.11%	-3.68%

QMID vs. QQQJ - Expense Ratio Comparison

QMID has a 0.38% expense ratio, which is higher than QQQJ's 0.15% expense ratio.

Dividends

QMID vs. QQQJ - Dividend Comparison

QMID's dividend yield for the trailing twelve months is around 0.51%, less than QQQJ's 0.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
QMID WisdomTree U.S. MidCap Quality Growth Fund	0.51%	0.51%	1.16%	0.00%	0.00%	0.00%	0.00%
QQQJ Invesco NASDAQ Next Gen 100 ETF	0.55%	0.85%	0.77%	0.67%	0.76%	0.91%	0.09%

Frequently Asked Questions

Can I hold both QMID and QQQJ in my portfolio?

QMID and QQQJ 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 QQQJ?

QQQJ has higher volatility (7.18%) compared to QMID (3.95%). In terms of maximum drawdown, QMID dropped -24.42% vs QQQJ's -39.57%.

Which ETF is better, QMID or QQQJ?

On 1-year performance, QQQJ leads with 41.94% vs 9.00% for QMID. On fees, QQQJ is cheaper at 0.15% per year. On volatility, QMID has been the lower-risk option at 3.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QMID or QQQJ?

Over the 1-year period, QQQJ has performed better with a 41.94% return vs 9.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QMID or QQQJ?

QQQJ is cheaper with a 0.15% expense ratio, compared with 0.38% for QMID.

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

QQQJ has the higher dividend yield at 0.55%, compared with 0.51% for QMID.

What is the main difference between QMID and QQQJ?

QMID tracks WisdomTree U.S. MidCap Quality Growth Index, while QQQJ tracks NASDAQ Next Generation 100 Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.38% for QMID and 0.15% for QQQJ.

Which has better risk-adjusted returns?

QQQJ currently has the higher Sharpe Ratio (2.22 vs 0.60), 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.