QSML vs. GQI

Last updated Aug 4, 2026

QSML (Wisdomtree U.S. Smallcap Quality Growth Fund) and GQI (Natixis Gateway Quality Income ETF) are both Quality Factor funds. QSML is passively managed, while GQI is actively managed. Over the past year, QSML returned 31.80% vs 23.37% for GQI. Their 0.67 correlation means they have sometimes moved together and sometimes differently. QSML charges 0.38%/yr vs 0.34%/yr for GQI.

Performance

QSML vs. GQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) and Natixis Gateway Quality Income ETF (GQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QSML achieves a 19.46% return, which is significantly higher than GQI's 10.75% return.

QSML

• 1D: 1.98%
• 1M: 2.30%
• 6M: 15.89%
• YTD: 19.46%
• 1Y: 31.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.80%

GQI

• 1D: 0.85%
• 1M: 2.38%
• 6M: 8.32%
• YTD: 10.75%
• 1Y: 23.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.77%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GQI Natixis Gateway Quality Income ETF	$949.20K	$1.01M	$2.07M
QSML Wisdomtree U.S. Smallcap Quality Growth Fund	$17.22K	$17.81K	$19.02K

QSML vs. GQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QSML Wisdomtree U.S. Smallcap Quality Growth Fund	19.46%	5.49%	9.93%
GQI Natixis Gateway Quality Income ETF	10.75%	15.36%	13.83%

Correlation

The correlation between QSML and GQI is 0.66, 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.	0.66
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024	0.67

The correlation between QSML and GQI has been stable across timeframes, ranging from 0.66 to 0.67 - a consistent structural relationship.

QSML vs. GQI - Sectors Allocation Comparison

Sectors	QSML	GQI
Technology	21.4%	37.9%
Consumer Cyclical	18.1%	11.0%
Financial Services	15.6%	9.9%
Industrials	13.8%	8.3%
Healthcare	13.7%	10.9%
Consumer Defensive	7.6%	6.1%
Energy	4.0%	3.9%
Communication Services	2.9%	10.3%
Basic Materials	2.4%	0.7%
Real Estate	0.3%	0.4%
Utilities	0.2%	0.6%

Return for Risk

QSML vs. GQI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QSML

QSML Risk / Return Rank: 75
QSML Sharpe Ratio Rank: 75
QSML Sortino Ratio Rank: 79
QSML Omega Ratio Rank: 70
QSML Calmar Ratio Rank: 78
QSML Martin Ratio Rank: 75

GQI

GQI Risk / Return Rank: 90
GQI Sharpe Ratio Rank: 90
GQI Sortino Ratio Rank: 91
GQI Omega Ratio Rank: 90
GQI Calmar Ratio Rank: 84
GQI Martin Ratio Rank: 93

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.

QSML vs. GQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) and Natixis Gateway Quality Income ETF (GQI). 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.

	QSML	GQI	Difference
Sharpe ratio: Return per unit of total volatility	1.83	2.37	-0.54
Sortino ratio: Return per unit of downside risk	2.73	3.33	-0.61
Omega ratio: Gain probability vs. loss probability	1.31	1.43	-0.12
Calmar ratio: Return relative to maximum drawdown	2.98	3.37	-0.39
Martin ratio: Return relative to average drawdown	10.05	17.52	-7.46

QSML vs. GQI - Sharpe Ratio Comparison

The current QSML Sharpe Ratio is 1.83, which is comparable to the GQI Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of QSML and GQI, 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

QSML vs. GQI - Drawdown Comparison

The maximum QSML drawdown since its inception was -28.54%, which is greater than GQI's maximum drawdown of -16.56%. Use the drawdown chart below to compare losses from any high point for QSML and GQI.

Drawdown Indicators

	QSML	GQI	Difference
Max Drawdown Largest peak-to-trough decline	-28.54%	-16.56%	-11.98%
Max Drawdown (1Y) Largest decline over 1 year	-10.72%	-6.96%	-3.76%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.63%	-1.61%	-4.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	1.34%	+1.83%

Volatility

QSML vs. GQI - Volatility Comparison

Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) has a higher volatility of 4.71% compared to Natixis Gateway Quality Income ETF (GQI) at 2.60%. This indicates that QSML's price experiences larger fluctuations and is considered to be riskier than GQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QSML	GQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	2.60%	+2.11%
Volatility (6M) Calculated over the trailing 6-month period	12.38%	7.67%	+4.71%
Volatility (1Y) Calculated over the trailing 1-year period	17.49%	9.93%	+7.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.59%	13.00%	+7.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.59%	13.00%	+7.59%

QSML vs. GQI - Expense Ratio Comparison

QSML has a 0.38% expense ratio, which is higher than GQI's 0.34% expense ratio.

Dividends

QSML vs. GQI - Dividend Comparison

QSML's dividend yield for the trailing twelve months is around 0.52%, less than GQI's 8.71% yield.

Position	TTM	2025	2024	2023
GQI Natixis Gateway Quality Income ETF	8.71%	8.97%	7.77%	0.31%
QSML Wisdomtree U.S. Smallcap Quality Growth Fund	0.52%	0.62%	0.32%	0.00%

Frequently Asked Questions

Can I hold both QSML and GQI in my portfolio?

QSML and GQI have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QSML or GQI?

QSML has higher volatility (4.71%) compared to GQI (2.60%). In terms of maximum drawdown, QSML dropped -28.54% vs GQI's -16.56%.

Which ETF is better, QSML or GQI?

On 1-year performance, QSML leads with 31.80% vs 23.37% for GQI. On fees, GQI is cheaper at 0.34% per year. On volatility, GQI has been the lower-risk option at 2.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QSML or GQI?

Over the 1-year period, QSML has performed better with a 31.80% return vs 23.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QSML or GQI?

GQI is cheaper with a 0.34% expense ratio, compared with 0.38% for QSML.

Which ETF pays a higher dividend yield, QSML or GQI?

GQI has the higher dividend yield at 8.71%, compared with 0.52% for QSML.

What is the main difference between QSML and GQI?

They also come from different issuers: WisdomTree and Natixis. Their fees differ too: 0.38% for QSML and 0.34% for GQI.

Which has better risk-adjusted returns?

GQI currently has the higher Sharpe Ratio (2.37 vs 1.83), 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.