SMIZ vs. QIDX

Last updated Jun 24, 2026

SMIZ (Zacks Small/Mid Cap ETF) and QIDX (Indexperts Quality Earnings Focused ETF) are both Mid Cap Blend Equities funds. Both are actively managed. Over the past year, SMIZ returned 32.14% vs 12.09% for QIDX. Their correlation of 0.85 suggests significant overlap in exposure. SMIZ charges 0.56%/yr vs 0.50%/yr for QIDX.

Performance

SMIZ vs. QIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Zacks Small/Mid Cap ETF (SMIZ) and Indexperts Quality Earnings Focused ETF (QIDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMIZ achieves a 17.78% return, which is significantly higher than QIDX's 7.83% return.

SMIZ

• 1D: -1.41%
• 1M: 3.53%
• YTD: 17.78%
• 6M: 15.01%
• 1Y: 32.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QIDX

• 1D: -0.33%
• 1M: 1.28%
• YTD: 7.83%
• 6M: 6.85%
• 1Y: 12.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMIZ vs. QIDX - Yearly Performance Comparison

	2026 (YTD)	2025
SMIZ Zacks Small/Mid Cap ETF	17.78%	12.16%
QIDX Indexperts Quality Earnings Focused ETF	7.83%	6.60%

Correlation

The correlation between SMIZ and QIDX is 0.84, 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	0.84
Correlation (All Time) Calculated using the full available price history since Jan 2, 2025	0.85

The correlation between SMIZ and QIDX has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.

Return for Risk

SMIZ vs. QIDX — Risk / Return Rank

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

SMIZ

SMIZ Risk / Return Rank: 64
SMIZ Sharpe Ratio Rank: 61
SMIZ Sortino Ratio Rank: 61
SMIZ Omega Ratio Rank: 57
SMIZ Calmar Ratio Rank: 67
SMIZ Martin Ratio Rank: 72

QIDX

QIDX Risk / Return Rank: 35
QIDX Sharpe Ratio Rank: 33
QIDX Sortino Ratio Rank: 33
QIDX Omega Ratio Rank: 30
QIDX Calmar Ratio Rank: 38
QIDX 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.

SMIZ vs. QIDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Zacks Small/Mid Cap ETF (SMIZ) and Indexperts Quality Earnings Focused ETF (QIDX). 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.

	SMIZ	QIDX	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.10	+0.76
Sortino ratio: Return per unit of downside risk	2.63	1.63	+0.99
Omega ratio: Gain probability vs. loss probability	1.32	1.19	+0.13
Calmar ratio: Return relative to maximum drawdown	3.07	1.75	+1.32
Martin ratio: Return relative to average drawdown	12.16	5.80	+6.36

SMIZ vs. QIDX - Sharpe Ratio Comparison

The current SMIZ Sharpe Ratio is 1.86, which is higher than the QIDX Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of SMIZ and QIDX, 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

SMIZ vs. QIDX - Drawdown Comparison

The maximum SMIZ drawdown since its inception was -25.04%, which is greater than QIDX's maximum drawdown of -14.99%. Use the drawdown chart below to compare losses from any high point for SMIZ and QIDX.

Drawdown Indicators

	SMIZ	QIDX	Difference
Max Drawdown Largest peak-to-trough decline	-25.04%	-14.99%	-10.05%
Max Drawdown (1Y) Largest decline over 1 year	-10.51%	-6.92%	-3.59%
Current Drawdown Current decline from peak	-1.41%	-1.29%	-0.12%
Average Drawdown Average peak-to-trough decline	-3.92%	-2.24%	-1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	2.09%	+0.56%

Volatility

SMIZ vs. QIDX - Volatility Comparison

Zacks Small/Mid Cap ETF (SMIZ) has a higher volatility of 5.89% compared to Indexperts Quality Earnings Focused ETF (QIDX) at 3.01%. This indicates that SMIZ's price experiences larger fluctuations and is considered to be riskier than QIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMIZ	QIDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.89%	3.01%	+2.88%
Volatility (6M) Calculated over the trailing 6-month period	13.48%	8.53%	+4.95%
Volatility (1Y) Calculated over the trailing 1-year period	17.39%	11.15%	+6.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.97%	14.54%	+4.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.97%	14.54%	+4.43%

SMIZ vs. QIDX - Expense Ratio Comparison

SMIZ has a 0.56% expense ratio, which is higher than QIDX's 0.50% expense ratio.

Dividends

SMIZ vs. QIDX - Dividend Comparison

SMIZ's dividend yield for the trailing twelve months is around 0.53%, less than QIDX's 0.85% yield.

Position	TTM	2025	2024	2023
QIDX Indexperts Quality Earnings Focused ETF	0.85%	0.84%	0.00%	0.00%
SMIZ Zacks Small/Mid Cap ETF	0.53%	0.62%	1.57%	0.07%

Frequently Asked Questions

Can I hold both SMIZ and QIDX in my portfolio?

SMIZ and QIDX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMIZ or QIDX?

SMIZ has higher volatility (5.89%) compared to QIDX (3.01%). In terms of maximum drawdown, SMIZ dropped -25.04% vs QIDX's -14.99%.

Which ETF is better, SMIZ or QIDX?

On 1-year performance, SMIZ leads with 32.14% vs 12.09% for QIDX. On fees, QIDX is cheaper at 0.50% per year. On volatility, QIDX has been the lower-risk option at 3.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SMIZ or QIDX?

Over the 1-year period, SMIZ has performed better with a 32.14% return vs 12.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SMIZ or QIDX?

QIDX is cheaper with a 0.50% expense ratio, compared with 0.56% for SMIZ.

Which ETF pays a higher dividend yield, SMIZ or QIDX?

QIDX has the higher dividend yield at 0.85%, compared with 0.53% for SMIZ.

What is the main difference between SMIZ and QIDX?

They also come from different issuers: Zacks and Indexperts. Their fees differ too: 0.56% for SMIZ and 0.50% for QIDX.

Which has better risk-adjusted returns?

SMIZ currently has the higher Sharpe Ratio (1.86 vs 1.10), 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.