QMID vs SPY
QMID vs SPY
WisdomTree US MidCap Quality Growth Fund vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | QMID | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.09% | |
| AUM | $2M | $789.1B | |
| Dividend Yield | 0.49% | 1.01% | |
| Holdings | 125 | 505 | |
| YTD Return | +7.77% | +13.79% | |
| 1Y Return | +13.33% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 14.1% | 15.3% | |
| Max Drawdown | -23.6% | -56.5% | |
| Fund Family | WisdomTree Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 25, 2024 | Jan 22, 1993 |
QMID vs SPY Performance
WisdomTree US MidCap Quality Growth Fund (QMID) is a ETF from WisdomTree Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year QMID returned +13.33% while SPY returned +23.66%. Year to date, QMID is up 7.77% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.1% 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 -56.5% for SPY. 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 0.77. 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 0.49% against 1.01% for SPY.
Holdings Overlap
QMID and SPY share 10 holdings out of 618 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QMID | Weight in SPY | Difference |
|---|---|---|---|
| DECK | 1.29% | 0.02% | 1.27% |
| EG | 1.20% | 0.02% | 1.18% |
| ALLE | 1.10% | 0.02% | 1.08% |
| DPZ | Pro | Pro | Pro |
| ERIE | Pro | Pro | Pro |
| JKHY | Pro | Pro | Pro |
| UHS | Pro | Pro | Pro |
| WYNN | Pro | Pro | Pro |
| NCLH | Pro | Pro | Pro |
| FDS | Pro | Pro | Pro |
See all 10 holdings QMID shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
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. On a $10,000 investment, that is $29 per year of difference.
Which performed better, QMID or SPY?
Over the past year QMID returned +13.33% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), QMID annualized +9.55% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, QMID or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.1% for QMID. Worst drawdown: QMID -23.6% vs SPY -56.5%.
Should I hold both QMID and SPY?
QMID and SPY have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QMID and SPY?
QMID and SPY share 10 common holdings with a 0.1% weight overlap. Combined, they hold 618 unique securities.
Which pays a higher dividend, QMID or SPY?
QMID yields 0.49% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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