QMID vs QQQ
WisdomTree US MidCap Quality Growth Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QMID offers more diversification with 125 holdings.
Side-by-Side Comparison
| Metric | QMID | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.18% | |
| AUM | $2M | $496.3B | |
| Dividend Yield | 0.49% | 0.44% | |
| Holdings | 125 | 108 | |
| YTD Return | +8.01% | +16.23% | |
| 1Y Return | +12.19% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 14.2% | 30.6% | |
| Max Drawdown | -23.6% | -83.0% | |
| Fund Family | WisdomTree Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jan 25, 2024 | Mar 10, 1999 |
QMID vs QQQ Performance
WisdomTree US MidCap Quality Growth Fund (QMID) is a ETF from WisdomTree Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year QMID returned +12.19% while QQQ returned +26.23%. Year to date, QMID is up 8.01% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 14.2% for QMID. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.6% for QMID and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QMID charges 0.38% per year while QQQ charges 0.18%. On a $10,000 position that is $38 vs $18 annually, a gap of $20 per year that compounds over a long holding period. On income, QMID currently yields 0.49% against 0.44% for QQQ.
Holdings Overlap
QMID and QQQ share 0 holdings out of 228 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QMID or QQQ?
QMID has an expense ratio of 0.38% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, QMID or QQQ?
Over the past year QMID returned +12.19% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), QMID annualized +9.51% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, QMID or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.2% for QMID. Worst drawdown: QMID -23.6% vs QQQ -83.0%.
Should I hold both QMID and QQQ?
QMID and QQQ have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QMID and QQQ?
QMID and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 228 unique securities.
Which pays a higher dividend, QMID or QQQ?
QMID yields 0.49% while QQQ yields 0.44%, so QMID currently pays the higher dividend yield.
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