QMID vs. RWJ

Last updated Jun 3, 2026

QMID (WisdomTree U.S. MidCap Quality Growth Fund) and RWJ (Invesco S&P SmallCap 600 Revenue ETF) are both exchange-traded funds - QMID is a Mid Cap Growth Equities fund tracking the WisdomTree U.S. MidCap Quality Growth Index, while RWJ is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Revenue-Weighted Index. Both are passively managed. Over the past year, QMID returned 13.12% vs 39.84% for RWJ. Their correlation of 0.86 suggests significant overlap in exposure. QMID charges 0.38%/yr vs 0.39%/yr for RWJ.

Performance

QMID vs. RWJ - 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 S&P SmallCap 600 Revenue ETF (RWJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QMID achieves a 2.79% return, which is significantly lower than RWJ's 17.13% return.

QMID

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

RWJ

• 1D: 0.48%
• 1M: 1.41%
• YTD: 17.13%
• 6M: 17.46%
• 1Y: 39.84%
• 3Y*: 16.85%
• 5Y*: 7.98%
• 10Y*: 13.14%

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

QMID vs. RWJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QMID WisdomTree U.S. MidCap Quality Growth Fund	2.79%	5.02%	9.33%
RWJ Invesco S&P SmallCap 600 Revenue ETF	17.13%	7.75%	14.95%

Correlation

The correlation between QMID and RWJ is 0.85, 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	0.85
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024	0.86

The correlation between QMID and RWJ has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.

QMID vs. RWJ - Sectors Allocation Comparison

Sectors	QMID	RWJ
Industrials	23.6%	16.2%
Consumer Cyclical	18.2%	23.9%
Technology	16.3%	9.9%
Healthcare	14.5%	11.2%
Financial Services	12.5%	11.0%
Consumer Defensive	6.4%	6.9%
Energy	3.3%	7.4%
Communication Services	3.1%	3.3%
Basic Materials	2.1%	5.2%
Real Estate	-	4.0%
Utilities	-	0.9%

Return for Risk

QMID vs. RWJ — 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

RWJ

RWJ Risk / Return Rank: 63
RWJ Sharpe Ratio Rank: 61
RWJ Sortino Ratio Rank: 63
RWJ Omega Ratio Rank: 57
RWJ Calmar Ratio Rank: 69
RWJ Martin Ratio Rank: 62

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. RWJ - 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 S&P SmallCap 600 Revenue ETF (RWJ). 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	RWJ	Difference
Sharpe ratio Return per unit of total volatility	0.88	2.07	-1.19
Sortino ratio Return per unit of downside risk	1.37	2.96	-1.59
Omega ratio Gain probability vs. loss probability	1.15	1.36	-0.20
Calmar ratio Return relative to maximum drawdown	1.20	3.49	-2.29
Martin ratio Return relative to average drawdown	4.13	11.20	-7.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QMID vs. RWJ - Sharpe Ratio Comparison

The current QMID Sharpe Ratio is 0.88, which is lower than the RWJ Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of QMID and RWJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QMID	RWJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	2.07	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.34	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.46	-0.06

Drawdowns

QMID vs. RWJ - Drawdown Comparison

The maximum QMID drawdown since its inception was -24.42%, smaller than the maximum RWJ drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for QMID and RWJ.

Drawdown Indicators

	QMID	RWJ	Difference
Max Drawdown Largest peak-to-trough decline	-24.42%	-55.97%	+31.55%
Max Drawdown (1Y) Largest decline over 1 year	-10.67%	-11.31%	+0.64%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.29%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.33%	—
Current Drawdown Current decline from peak	-1.46%	0.00%	-1.46%
Average Drawdown Average peak-to-trough decline	-5.49%	-9.24%	+3.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	3.53%	-0.41%

Volatility

QMID vs. RWJ - Volatility Comparison

The current volatility for WisdomTree U.S. MidCap Quality Growth Fund (QMID) is 3.77%, while Invesco S&P SmallCap 600 Revenue ETF (RWJ) has a volatility of 4.79%. This indicates that QMID experiences smaller price fluctuations and is considered to be less risky than RWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QMID	RWJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	4.79%	-1.02%
Volatility (6M) Calculated over the trailing 6-month period	10.47%	12.25%	-1.78%
Volatility (1Y) Calculated over the trailing 1-year period	14.97%	19.36%	-4.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.53%	23.71%	-5.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.53%	26.14%	-7.61%

QMID vs. RWJ - Expense Ratio Comparison

QMID has a 0.38% expense ratio, which is lower than RWJ's 0.39% expense ratio.

Dividends

QMID vs. RWJ - Dividend Comparison

QMID's dividend yield for the trailing twelve months is around 0.50%, less than RWJ's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QMID WisdomTree U.S. MidCap Quality Growth Fund	0.50%	0.51%	1.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RWJ Invesco S&P SmallCap 600 Revenue ETF	1.00%	1.11%	1.15%	1.34%	1.02%	0.61%	0.89%	1.22%	1.44%	1.11%	0.60%	0.74%

Frequently Asked Questions

Can I hold both QMID and RWJ in my portfolio?

QMID and RWJ have a correlation of 0.85, 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 RWJ?

RWJ has higher volatility (4.79%) compared to QMID (3.77%). In terms of maximum drawdown, QMID dropped -24.42% vs RWJ's -55.97%.

Which ETF is better, QMID or RWJ?

On 1-year performance, RWJ leads with 39.84% vs 13.12% for QMID. On fees, QMID is cheaper at 0.38% per year. On volatility, QMID has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QMID or RWJ?

Over the 1-year period, RWJ has performed better with a 39.84% return vs 13.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QMID or RWJ?

QMID is cheaper with a 0.38% expense ratio, compared with 0.39% for RWJ.

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

RWJ has the higher dividend yield at 1.00%, compared with 0.50% for QMID.

What is the main difference between QMID and RWJ?

QMID is categorized as Mid Cap Growth Equities, while RWJ is Small Cap Value Equities. QMID tracks WisdomTree U.S. MidCap Quality Growth Index, while RWJ tracks S&P SmallCap 600 Revenue-Weighted Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.38% for QMID and 0.39% for RWJ.

Which has better risk-adjusted returns?

RWJ currently has the higher Sharpe Ratio (2.07 vs 0.88), 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.