QMID vs SPY
WisdomTree US MidCap Quality Growth Fund vs State Street SPDR S&P 500 ETF Trust
Which is better, QMID or SPY?
Mid Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. QMID is less concentrated, with 14.5% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QMID | SPY |
|---|---|---|
| Expense Ratio | 0.38% | 0.09%Best |
| AUM | $2M | $804.7B |
| Dividend Yield | 0.48% | 0.98% |
| Holdings | 126 | 505 |
| YTD Return | +3.50% | +11.45%Best |
| 1Y Return | +4.02% | +15.87%Best |
| 3Y Return (annualized) | - | +20.93% |
| 5Y Return (annualized) | - | +12.59% |
| Volatility (annualized) | 14.1% | 12.1%Best |
| Max Drawdown | -23.6% | -18.8%Best |
| $10,000 over 2.6 years | $12,066 | $15,877Best |
| Top 10 Weight | 14.5%Best | 37.8% |
| Fund Family | WisdomTree Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Jan 25, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Jan 25, 2024 to Sep 15, 2026 (2.6 years).
QMID vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.6 years both funds cover.
QMID vs SPY Performance
WisdomTree US MidCap Quality Growth Fund (QMID) is an ETF from WisdomTree Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year QMID returned +4.02% while SPY returned +15.87%. Year to date, QMID is up 3.50% versus a gain of 11.45% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QMID has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 12.1% for SPY. 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QMID charges 0.38% per year while SPY charges 0.09%. On a $10,000 position that is $38 vs $9 annually, a gap of $29 per year that compounds over a long holding period. On income, QMID currently yields 0.48% against 0.98% for SPY.
Holdings Overlap
19.7% of QMID's money is in holdings SPY also owns. 0.3% of SPY's money is in holdings QMID also owns.
QMID and SPY share little of their money.
21 positions in common, counted across the 125 positions we hold weights for in QMID and 504 in SPY, against full books of 126 and 505.
What only one of them owns
Our book lists 476 positions for SPY that do not appear in our book for QMID (99.0% of the fund), and 101 for QMID that do not appear in SPY (77.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QMID | Weight in SPY | Difference |
|---|---|---|---|
| TYLTyler Technologies Inc | 1.29% | 0.02% | 1.27% |
| EGEverest Group Ltd Common Stock | 1.28% | 0.02% | 1.26% |
| TKOTko Group Holdings Inc | 1.18% | 0.02% | 1.16% |
| LULULululemon Athletica, Inc | 1.15% | 0.02% | 1.13% |
| MKCMccormick & Co Inc. | 1.15% | 0.02% | 1.13% |
| GDDYGodaddy Inc. Class A | 1.12% | 0.02% | 1.10% |
| RLRalph Lauren Corp. Class A | 1.04% | 0.02% | 1.02% |
| ALLEAllegion Plc | 1.03% | 0.02% | 1.01% |
| ITGartner Inc. | 1.01% | 0.02% | 0.99% |
| ERIEErie Indemnity-a | 1.00% | 0.01% | 0.99% |
You are not choosing between two funds in isolation.
Whichever of QMID and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QMID or SPY?
QMID has an expense ratio of 0.38% while SPY charges 0.09%. SPY is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, QMID or SPY?
Over the past year QMID returned +4.02% vs +15.87% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QMID or SPY?
QMID has been the more volatile fund at 14.1% annualized versus 12.1% for SPY. Worst drawdown: QMID -23.6% vs SPY -18.8%.
Should I hold both QMID and SPY?
QMID and SPY have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QMID and SPY?
19.7% of QMID's money is in holdings SPY also owns. 0.3% of SPY's is in holdings QMID also owns. They hold 21 positions in common, counted across the 125 positions we hold weights for in QMID and 504 in SPY.
Which pays a higher dividend, QMID or SPY?
QMID yields 0.48% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than QMID?
SPY has a lower expense ratio. SPY led over 1Y and the full window. QMID is less concentrated, with 14.5% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.