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QMID vs. QUAL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QMID vs. QUAL

Last updated Aug 2, 2026
Documentation

QMID (WisdomTree U.S. MidCap Quality Growth Fund) and QUAL (iShares MSCI USA Quality Factor ETF) are both Quality Factor funds - QMID tracks the WisdomTree U.S. MidCap Quality Growth Index while QUAL tracks the MSCI USA Sector Neutral Quality Index. Both are passively managed. Over the past year, QMID returned 10.41% vs 21.43% for QUAL. Their 0.79 correlation means they have sometimes moved together and sometimes differently. QMID charges 0.38%/yr vs 0.15%/yr for QUAL.

Performance

QMID vs. QUAL - 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 USA Quality Factor ETF (QUAL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QMID achieves a 5.39% return, which is significantly lower than QUAL's 10.86% return.

QMID

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

QUAL

1D
0.18%
1M
0.41%
6M
8.77%
YTD
10.86%
1Y
21.43%
3Y*
17.38%
5Y*
11.11%
10Y*
14.15%
ALL TIME*
13.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

QMID

WisdomTree U.S. MidCap Quality Growth Fund
$4.39K$13.06K$31.63K

QUAL

iShares MSCI USA Quality Factor ETF
$216.39M$244.32M$382.94M

QMID vs. QUAL - Yearly Performance Comparison

2026 (YTD)20252024
QMID
WisdomTree U.S. MidCap Quality Growth Fund		5.39%5.02%9.01%
QUAL
iShares MSCI USA Quality Factor ETF		10.86%12.65%18.95%

Correlation

The correlation between QMID and QUAL is 0.78, 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.

0.78

Correlation (All Time)
Calculated using the full available price history since Jan 25, 2024

0.79

The correlation between QMID and QUAL has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.

QMID vs. QUAL - Sectors Allocation Comparison

Sectors
QMID
QUAL

Industrials

19.9%
7.4%

Consumer Cyclical

19.3%
9.0%

Healthcare

17.9%
9.2%

Technology

17.2%
40.2%

Financial Services

13.2%
10.9%

Communication Services

4.6%
10.3%

Consumer Defensive

4.4%
4.3%

Energy

3.0%
2.9%

Basic Materials

0.6%
1.9%

Real Estate

-

1.7%

Utilities

-

2.1%

Industrials

QMID
19.9%
QUAL
7.4%

Consumer Cyclical

QMID
19.3%
QUAL
9.0%

Healthcare

QMID
17.9%
QUAL
9.2%

Technology

QMID
17.2%
QUAL
40.2%

Financial Services

QMID
13.2%
QUAL
10.9%

Communication Services

QMID
4.6%
QUAL
10.3%

Consumer Defensive

QMID
4.4%
QUAL
4.3%

Energy

QMID
3.0%
QUAL
2.9%

Basic Materials

QMID
0.6%
QUAL
1.9%

Real Estate

QMID

-

QUAL
1.7%

Utilities

QMID

-

QUAL
2.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree U.S. MidCap Quality Growth Fund

iShares MSCI USA Quality Factor ETF

Often compared with QMID:
QMID vs. XMMOQMID vs. SPMOQMID vs. BKMCQMID vs. BBHMQMID vs. BOUTQMID vs. RWJQMID vs. SCHM
Often compared with QUAL:
QUAL vs. SPHQQUAL vs. SPYQUAL vs. MTUMQUAL vs. USMVQUAL vs. VOOQUAL vs. IVVQUAL vs. SCHD

Return for Risk

QMID vs. QUAL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
QMID
QMID Risk / Return Rank: 2626
Overall Rank
QMID Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
QMID Sortino Ratio Rank: 2626
Sortino Ratio Rank
QMID Omega Ratio Rank: 2323
Omega Ratio Rank
QMID Calmar Ratio Rank: 2626
Calmar Ratio Rank
QMID Martin Ratio Rank: 3131
Martin Ratio Rank
QUAL
QUAL Risk / Return Rank: 7272
Overall Rank
QUAL Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
QUAL Sortino Ratio Rank: 7474
Sortino Ratio Rank
QUAL Omega Ratio Rank: 7171
Omega Ratio Rank
QUAL Calmar Ratio Rank: 6565
Calmar Ratio Rank
QUAL Martin Ratio Rank: 7979
Martin Ratio Rank
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. QUAL - 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 USA Quality Factor ETF (QUAL). 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.

QMIDQUALDifference
Sharpe ratioReturn per unit of total volatility
0.58
1.65

-1.07

Sortino ratioReturn per unit of downside risk
0.95
2.36

-1.40

Omega ratioGain probability vs. loss probability

1.11

1.29

-0.19

Calmar ratioReturn relative to maximum drawdown

0.82

2.25

-1.43

Martin ratioReturn relative to average drawdown

2.77

10.08

-7.31

QMID vs. QUAL - Sharpe Ratio Comparison

The current QMID Sharpe Ratio is 0.58, which is lower than the QUAL Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of QMID and QUAL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

QMID vs. QUAL - Drawdown Comparison

The maximum QMID drawdown since its inception was -24.42%, smaller than the maximum QUAL drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for QMID and QUAL.

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Drawdown Indicators

QMIDQUALDifference

Max Drawdown

Largest peak-to-trough decline

-24.42%

-34.06%

+9.64%

Max Drawdown (1Y)

Largest decline over 1 year

-10.67%

-9.03%

-1.64%

Max Drawdown (3Y)

Largest decline over 3 years

—

-18.00%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-28.23%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.06%

—

Current Drawdown

Current decline from peak

-1.34%

-0.61%

-0.73%

Average Drawdown

Average peak-to-trough decline

-5.22%

-4.07%

-1.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.15%

2.01%

+1.14%

Volatility

QMID vs. QUAL - Volatility Comparison

WisdomTree U.S. MidCap Quality Growth Fund (QMID) has a higher volatility of 3.78% compared to iShares MSCI USA Quality Factor ETF (QUAL) at 2.88%. This indicates that QMID's price experiences larger fluctuations and is considered to be riskier than QUAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QMIDQUALDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.78%

2.88%

+0.90%

Volatility (6M)

Calculated over the trailing 6-month period

10.87%

9.72%

+1.15%

Volatility (1Y)

Calculated over the trailing 1-year period

15.17%

12.33%

+2.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.23%

17.38%

+0.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.23%

18.09%

+0.14%

QMID vs. QUAL - Expense Ratio Comparison

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

Dividends

QMID vs. QUAL - Dividend Comparison

QMID's dividend yield for the trailing twelve months is around 0.49%, less than QUAL's 0.86% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
QUAL
iShares MSCI USA Quality Factor ETF		0.86%0.94%1.02%1.23%1.59%1.20%1.39%1.60%2.00%1.76%1.96%1.63%

Frequently Asked Questions

QMID and QUAL have a correlation of 0.78, 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 QUAL (2.88%). In terms of maximum drawdown, QMID dropped -24.42% vs QUAL's -34.06%.

On 1-year performance, QUAL leads with 21.43% vs 10.41% for QMID. On fees, QUAL is cheaper at 0.15% per year. On volatility, QUAL has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, QUAL has performed better with a 21.43% return vs 10.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

QUAL has the higher dividend yield at 0.86%, compared with 0.49% for QMID.

QMID tracks WisdomTree U.S. MidCap Quality Growth Index, while QUAL tracks MSCI USA Sector Neutral Quality Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.38% for QMID and 0.15% for QUAL.

QUAL currently has the higher Sharpe Ratio (1.65 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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