2024-01-29 08:30:00 ET
Summary
- QMID is WisdomTree's newly-launched MidCap Quality Growth Fund. Fees are 0.38%, and QMID aims to provide mid-cap investors with consistent exposure to the quality and growth factors.
- Growth is measured by 80% historical three-year sales and earnings growth and 20% estimated one-year earnings growth, while quality is measured by three-year ROE and ROA.
- This article compares QMID with IJH and IJK, two S&P MidCap 400 and S&P MidCap 400 Growth ETFs. While QMID improves on growth, its quality advantage over IJK is unclear.
- Other findings include potential diversification issues and high volatility, supported by a five-year backtest and the portfolio's 1.33 five-year beta. With earnings growth rates on the decline, I don't recommend readers buy QMID at this time.
Introduction
Read the full article on Seeking Alpha
For further details see:
QMID: Meet WisdomTree's Brand New Mid-Cap Quality Growth ETF